Sidney Stern Memorial Trust No 300-6-4020-02
- Assets
- $18.2m
- Revenue
- $7.9m
- Investments
- $17.3m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/1976
- Data as of
- 08/2021
- EIN
- 95-6495222
Organization Overview
Sidney Stern Memorial Trust No 300-6-4020-02 is located in Las Vegas, NV. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 08/2021, Sidney Stern Memorial Trust No 300-6-4020-02 generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $2.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Hoffenberg Member Board Of Advisors | 1 | $43,620 | |
Rebecca Schwartz Member Board Of Advisors | 1 | $20,000 | |
Carol Sevilla Member Board Of Advisors | 1 | $19,330 | |
Daniel Luevano Member Board Of Advisors | 1 | $19,330 | |
David Hoffenberg Member Board Of Advisors | 1 | $10,000 | |
Judy Novak Member Board Of Advisors | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Bank N A | 8/30/21 | $156,109 |
Team Risk Management Strategies Llc | 8/30/21 | $80,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $490,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,365,833 |
| Capital Gain Net Income | $7,365,833 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,856,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,280 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,189 |
| Total operating and administrative expenses | $467,554 |
| Contributions, gifts, grants paid | $1,932,499 |
| Total expenses and disbursements | $2,400,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $897,316 |
| 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 | $10,825,618 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,176,884 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |