Salomon Stern Foundation Inc
- Assets
- $14.6m
- Revenue
- $182.5k
- Investments
- $10.1m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 11/1959
- Data as of
- 12/2022
- EIN
- 11-6036966
Organization Overview
Salomon Stern Foundation Inc is located in Montvale, NJ. The organization was established in 1959. 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. Salomon Stern Foundation Inc 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, Salomon Stern Foundation Inc generated $182.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $378.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Salomon Stern Foundation Inc has awarded 68 individual grants totaling $775,725. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Stern President | 0 | $0 | |
Samuel Stern Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,542 |
| 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 | $182,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,226 |
| Contributions, gifts, grants paid | $372,670 |
| Total expenses and disbursements | $378,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,198 |
| Savings and temporary cash investments | $0 |
| 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 | $4,260,000 |
| Total assets | $14,590,396 |
| 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, Salomon Stern Foundation Inc has awarded $285,655 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ZICHRON ELIYAHU PURPOSE: EDUCATION | $36,500 |
BAIS YOSEF PURPOSE: EDUCATION | $5,000 |
BAIS YAAKOV DRAV MEIR PURPOSE: EDUCATION | $8,100 |
THE SHAAR PURPOSE: JEWISH OUTREACH | $10,000 |
YESHIVA DARCHEI TORAH PURPOSE: EDUCATION | $20,150 |
LEHAVA-RCTT PURPOSE: JEWISH OUTREACH | $12,000 |