Twelve Stars Foundation
- Assets
- $33.6m
- Revenue
- $5.4m
- Investments
- $33.3m
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- Data as of
- 11/2023
- EIN
- 83-2902136
Organization Overview
Twelve Stars Foundation is located in Lincoln, MA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twelve Stars Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Twelve Stars Foundation generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $2.3m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Twelve Stars Foundation has awarded 21 individual grants totaling $4,665,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn M Creamer Chairman/treasurer | 0 | $0 | |
Mary Jane Creamer President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,658,312 |
| Interest on Savings | $366,041 |
| Dividends & Interest | $497,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,743,213 |
| Capital Gain Net Income | $1,743,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $94,752 |
| Total Revenue | $5,359,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79,483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $252,955 |
| Total operating and administrative expenses | $525,711 |
| Contributions, gifts, grants paid | $1,795,000 |
| Total expenses and disbursements | $2,320,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,595 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,376,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,602,534 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Twelve Stars Foundation has awarded $1,795,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN MISSION HEALTHCARE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $360,000 |
CATHOLIC CHARITY FUND PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $100,000 |
GRATEFUL FOR GODS PROVIDENCE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $500,000 |
MISSIONARIES OF CHARITY INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $150,000 |
HASBRO CHILDREN'S HOSPITAL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $300,000 |
REDEMPTORIST - DENVER PROVINCE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $100,000 |