Elbridge Stuart Foundation
- Assets
- $461.5m
- Revenue
- $19.5m
- Investments
- $454.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0882784
Organization Overview
Elbridge Stuart Foundation is located in San Francisco, CA. The organization was established in 2004. 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. Elbridge Stuart 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 12/2022, Elbridge Stuart Foundation generated $19.5m 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 (7.4%) each year. All expenses for the organization totaled $34.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO CONVENE STUDENTS, FAMILIES AND EDUCATORS TO DEFINE ADOLESCENT LEARNING AND DEVELOPMENT NEEDS AND PRIORITIES.THE PROJECT TITLE IS: ADOLESCENT LEARNING AND DEVELOPMENT CONVENINGS
TO PROVIDE DOE SUPPORT OF SPECIAL POPULATIONSPROJECT TITLE IS - US DOE INITIATIVE TO SUPPORT SPECIAL POPULATIONS.
TO PROVIDE SUPPORT FOR THE ADOLESCENT OST LEARNING NETWORK. PROJECT TITLE IS - ADOLESCENT OST LEARNING NETWORK
TO PROVIDE SUPPORT FOR EDUCATION FIRST TO LEVERAGE STATE COMPETITIVE GRANT RESOURCES.PROJECT TITLE IS - LEVERAGING STATE RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buoymaster Director | 0 | $0 | |
Dwight L Stuart Jr Chair & Dir. | 5 | $0 | |
Davis Campbell Director | 0 | $0 | |
Elbridge H Stuart III Vice-Chair | 5 | $0 | |
Stuart Lucas Vice-Chair | 5 | $0 | |
Sophie Fanelli President & Sec | 60 | $546,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adage Capital Management Lp | 12/30/22 | $1,023,218 |
Monticello Associates | 12/30/22 | $500,000 |
Wellington Management | 12/30/22 | $260,998 |
General Atlantic | 12/30/22 | $249,962 |
Overlook Investment Limited | 12/30/22 | $275,627 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $357 |
| Dividends & Interest | $4,459,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,757,327 |
| Capital Gain Net Income | $25,757,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,725,809 |
| Total Revenue | $19,491,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $989,475 |
| Other employee salaries and wages | $2,617,596 |
| Pension plans, employee benefits | $906,656 |
| Interest | $0 |
| Taxes | -$3,337,693 |
| Depreciation | $109,127 |
| Occupancy | $983,634 |
| Travel, conferences, and meetings | $372,870 |
| Printing and publications | $0 |
| Other expenses | $419,118 |
| Total operating and administrative expenses | $9,455,973 |
| Contributions, gifts, grants paid | $25,199,365 |
| Total expenses and disbursements | $34,655,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,456,446 |
| Net Accounts receivable | $146,447 |
| 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 | $1,008,628 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $410,316,327 |
| Net Land, buildings, and equipment | $228,151 |
| Other assets | $3,808,226 |
| Total assets | $461,542,693 |
| Accounts payable and accrued expenses | $938,078 |
| Grants payable | $10,037,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,888,467 |
| Total liabilities | $14,863,545 |