Five Stones Charitable Foundation
- Assets
- $3.0m
- Revenue
- $617.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Delano, MN
- Founding
- Data as of
- 12/2023
- EIN
- 85-1460468
Organization Overview
Five Stones Charitable Foundation is located in Delano, MN. 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. Five Stones Charitable 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 12/2023, Five Stones Charitable Foundation generated $617.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $176.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Five Stones Charitable Foundation has awarded 13 individual grants totaling $288,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING PROGRAMS THAT ENHANCE INDIVIDUALS AND/OR GROUPS OF INDIVIDUALS TO SECURE MEANINGFUL WORK THAT ALLOWS THEM THE DIGNITY OF SUPPORTING THEMSELVES AND THEIR FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Senestraro President | 2 | $0 | |
Debbie Senestraro Suchan Secretary & Treasurer | 7 | $0 | |
Patricia Landin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $420,487 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,605 |
| Capital Gain Net Income | $100,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $617,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,936 |
| Total operating and administrative expenses | $11,535 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $176,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $433,871 |
| 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 | $698,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,999,905 |
| 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 | $36,349 |
| Total liabilities | $36,349 |
Grants Awarded
Over the last fiscal year, Five Stones Charitable Foundation has awarded $165,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS PRISON MINISTRIES PURPOSE: MINISTRY WORK, TRANSITION MENTOR-MENTEE RELATIONSHIPS FROM PAPER TO ELECTRONIC FORMAT | $60,000 |
CHRIST NEW COVENANT CHURCH (SYRACUSE CHRISTIAN ACADEMY) PURPOSE: SUPPORT SYRACUSE CHRISTIAN ACADEMY | $15,000 |
BIBLES FOR CHINA PURPOSE: MINISTRY WORK IN RURAL CHINA | $13,000 |
ORPHAN NETWORK PURPOSE: SUPPORT LIFE-ADVANCING JOB SKILLS TRAINING PROGRAM | $45,000 |
WORLD HOPE INTERNATIONAL PURPOSE: ENABLE THE CHILDREN PROGRAM | $28,000 |
FREEDOM FOR YOUTH PURPOSE: YOUTH MINISTRY WORK IN IOWA | $4,000 |