Sterling Family Foundation Tr
- Assets
- $5.5m
- Revenue
- $87.2k
- Investments
- $4.5m
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 04-6995246
Organization Overview
Sterling Family Foundation Tr is located in Bellaire, TX. The organization was established in 2003. 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. Sterling Family Foundation Tr 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 12/2022, Sterling Family Foundation Tr generated $87.2k 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 (30.8%) each year. All expenses for the organization totaled $408.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sterling Family Foundation Tr has awarded 82 individual grants totaling $1,423,800. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dominguez Trustee | 2 | $8,633 | |
Jay A Epstein Trustee | 3 | $13,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $317 |
| Dividends & Interest | $101,220 |
| Net Rental Income | $25,408 |
| Net Gain on Sale of Assets | -$89,430 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $638 |
| Total Revenue | $87,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,978 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,018 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,229 |
| Total operating and administrative expenses | $120,474 |
| Contributions, gifts, grants paid | $287,700 |
| Total expenses and disbursements | $408,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,038 |
| Savings and temporary cash investments | $249,154 |
| 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 | $3,326 |
| Net Investments - land, buildings, equipment | $543,552 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,453,511 |
| 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, Sterling Family Foundation Tr has awarded $287,700 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRO FAMILIAR CRISTIANO PURPOSE: TO ASSIST ORGANIZATION IN PROVIDING EDUCATIONAL SERVICES TO YOUNG CHILDREN AND FAMILIES TO HELP DEVELOP LANGUAGE, SOCIAL, EMOTIONAL AND CREATIVE SKILLS | $150,000 |
JEWISH FAMILY SERVICE PURPOSE: TO ASSIST ORGANIZATION IN PROVIDING FINANCIAL ASSISTANCE TO LOW INCOME HOLOCAUST SURVIVORS IN THE GREATER HOUSTON AREA | $85,000 |
SEVEN ACRES JEWISH SENIOR CARE SERVICES PURPOSE: TO ASSIST ORGANIZATION WITH PROVIDING SOCIAL AND MEDICAL SERVICES TO RESIDENTS AND ELDERLY PERSONS LIVING IN THE COMMUNITY. ORGANIZATION IS THE LARGEST LONG-TERM CARE FACILITY IN HOUSTON. | $15,000 |
THE CENTER FOR PURSUIT PURPOSE: TO ASSIST ORGANIZATION WITH PROMOTING THE PURSUIT OF CHOICE, GROWTH AND PERSONAL INDEPENDENCE FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES | $3,000 |
DR MARNIE ROSE FOUNDATION INC PURPOSE: TO ASSIST ORGANIZATION IN ITS SUPPORT OF BRAIN CANCER RESEARCH AND PEDIATRIC HEALTH INITIATIVES | $2,500 |
ANIXTER CENTER PURPOSE: TO ASSIST ORGANIZATION WITH PROVIDING AN ARRAY OF SERVICES AND SUPPORT FOR PEOPLE WITH DISABILITIES AND RELATED CHALLENGES TO LEARN AND WORK IN THE COMMUNITY | $1,000 |