Fran & Ray Stark Foundation
- Assets
- $29.9m
- Revenue
- $2.7m
- Investments
- $26.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 95-3767859
Organization Overview
Fran & Ray Stark Foundation is located in Los Angeles, CA. The organization was established in 1982. 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. Fran & Ray Stark 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, Fran & Ray Stark Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fran & Ray Stark Foundation has awarded 393 individual grants totaling $21,926,541. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Stark Morrissey Director | 35 | $110,000 | |
Anita Rosenstein Director | 1 | $0 | |
Herbert Allen Director | 1 | $0 | |
Bonnie Grey Director | 10 | $40,000 | |
Allison Gorsuch Director | 10 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $364,771 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,748,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,407 |
| Capital Gain Net Income | $204,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $374,808 |
| Total Revenue | $2,692,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,013 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,362 |
| Total operating and administrative expenses | $607,940 |
| Contributions, gifts, grants paid | $2,721,233 |
| Total expenses and disbursements | $3,329,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,569 |
| Savings and temporary cash investments | $1,670,210 |
| 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 | $4,655,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,408,605 |
| Total assets | $29,877,466 |
| Accounts payable and accrued expenses | $908 |
| 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 | $908 |
Grants Awarded
Over the last fiscal year, Fran & Ray Stark Foundation has awarded $2,721,233 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOUNDATION PURPOSE: PRESERVATION AND PROMOTION OF THEATRICAL AND PERFORMING ARTS IN THE COMMUNITY | $500,000 |
AMERICAN BALLET THEATRE PURPOSE: PRESERVATION AND PROMOTION OF THEATRICAL AND PERFORMING ARTS IN THE COMMUNIT | $9,500 |
CALIFORNIA INSTITUTE OF THE ARTS PURPOSE: PRESERVATION AND PROMOTION OF ART IN THE COMMUNITY | $5,000 |
CIRCLE OF CHILDREN PRESCHOOL PURPOSE: EDUCATIONAL INSTITUTIONS AND PROGRAMS | $10,000 |
CHILDREN'S INSTITUTE INC PURPOSE: TREATMENT AND PREVENTION OF CHILD ABUSE AND NEGLECT | $10,000 |
CHILDRENS HOSPITAL LOS ANGELES PURPOSE: MEDICAL PROGRAMS, RESEARCH, EDUCATION AND DISEASE PREVENTION | $15,000 |