Martin Stern Family Foundation
- Assets
- $38.6k
- Revenue
- $81.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2000
- Data as of
- 09/2023
- EIN
- 11-3513958
Organization Overview
Martin Stern Family Foundation is located in Brooklyn, NY. The organization was established in 2000. 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. Martin Stern Family 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 09/2023, Martin Stern Family Foundation generated $81.4k 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 (4.1%) each year. All expenses for the organization totaled $88.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin Stern Family Foundation has awarded 223 individual grants totaling $391,894. 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
N/A N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Stern Director | 5 | $0 | |
Samuel Gestetner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,900 |
| Interest on Savings | $487 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,375 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,344 |
| Printing and publications | $0 |
| Other expenses | $1,950 |
| Total operating and administrative expenses | $17,899 |
| Contributions, gifts, grants paid | $70,280 |
| Total expenses and disbursements | $88,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,828 |
| Savings and temporary cash investments | $35,735 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,563 |
| 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, Martin Stern Family Foundation has awarded $70,280 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CONG BAIS MOSHE SHMIEL PURPOSE: CONT TO APLACE OF PRAYER | $3,920 |
CONG NER L'MEIAH PURPOSE: PLACE OFWORSHIP | $9,600 |
YESH BAIS BINYOMIN PURPOSE: EDUCATIONAL INST | $1,720 |
CONG BAIS ELUZER PURPOSE: PLACE OF WORSHIP | $1,110 |
AMER FRIENDS OF YESH BNEI RACHEL PURPOSE: EDUC INST | $35,400 |
VARIOUS PURPOSE: PL OF PRAYER AND EDUCATION | $910 |