Marjorie R Stermer Charitable Tr
- Assets
- $264.0k
- Revenue
- $12.7k
- Investments
- $219.4k
- Employees
- 0
- Location
- Elmira, NY
- Founding
- 08/2001
- Data as of
- 09/2023
- EIN
- 16-6498259
Organization Overview
Marjorie R Stermer Charitable Tr is located in Elmira, NY. The organization was established in 2001. 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. Marjorie R Stermer Charitable 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 09/2023, Marjorie R Stermer Charitable Tr generated $12.7k 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 (15.7%) each year. All expenses for the organization totaled $21.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marjorie R Stermer Charitable Tr has awarded 42 individual grants totaling $154,626. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,662 |
| Capital Gain Net Income | $3,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,225 |
| Total Revenue | $12,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,767 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $4,643 |
| Contributions, gifts, grants paid | $16,680 |
| Total expenses and disbursements | $21,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,653 |
| 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 | $219,357 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $264,010 |
| 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, Marjorie R Stermer Charitable Tr has awarded $16,680 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF THE SOUTHERN TIER PURPOSE: UNRESTRICTED - GENERAL | $2,780 |
NYS 4-H FOUNDATION INC PURPOSE: UNRESTRICTED - GENERAL | $2,780 |
CHEMUNG COUNTY HUMANE SOCIETY PURPOSE: UNRESTRICTED - GENERAL | $2,780 |
ELMIRA COLLEGE PURPOSE: UNRESTRICTED - GENERAL | $2,780 |
ARNOT HEALTH FOUNDATION PURPOSE: UNRESTRICTED - GENERAL | $2,780 |
AMERICAN RED CROSS PURPOSE: UNRESTRICTED - GENERAL | $2,780 |