Frederick Stearns Charitable Foundation
- Assets
- $708.4k
- Revenue
- $36.3k
- Investments
- $678.6k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1998
- Data as of
- 06/2024
- EIN
- 91-6449464
Organization Overview
Frederick Stearns Charitable Foundation is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Frederick Stearns 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 06/2024, Frederick Stearns Charitable Foundation generated $36.3k 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 (24.7%) each year. All expenses for the organization totaled $64.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Frederick Stearns Charitable Foundation has awarded 82 individual grants totaling $216,750. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher L Clark Chairperson | 1 | $0 | |
Gregory D Clark Board Member | 0.5 | $0 | |
Linda C Clark Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,373 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,058 |
| Total operating and administrative expenses | $10,220 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $64,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,722 |
| 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 | $256,302 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $708,359 |
| 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, Frederick Stearns Charitable Foundation has awarded $54,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AGC OF WASHINGTON EDUCATION FOUNDATION PURPOSE: FURTHER CHARITABLE GOALS | $1,000 |
BELLARMINE PREPARATORY ACADEMY PURPOSE: FURTHER CHARITABLE GOALS | $2,000 |
DESERT COMMUNITY FOUNDATION PURPOSE: FURTHER CHARITABLE GOALS | $1,000 |
BOYS AND GIRLS CLUB - KING COUNTY PURPOSE: FURTHER CHARITABLE GOALS | $10,500 |
GONZAGA UNIVERSITY PURPOSE: FURTHER CHARITABLE GOALS | $5,000 |
HARVEST AGAINST HUNGER PURPOSE: FURTHER CHARITABLE GOALS | $1,000 |