Sterken Family Foundation
- Assets
- $70.1k
- Revenue
- $47.8k
- Investments
- $70.1k
- Employees
- 0
- Location
- Saline, MI
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-3966962
Organization Overview
Sterken Family Foundation is located in Saline, MI. The organization was established in 2007. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterken 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 12/2021, Sterken Family Foundation generated $47.8k in total revenue. All expenses for the organization totaled $42.6k during the year ending 12/2021. While expenses have increased by 43.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwynn Sterken Secretary | 1 | $0 | |
Jim Sterken President | 10 | $0 | |
Stefanie Horvath Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,042 |
| Interest on Savings | $0 |
| Dividends & Interest | $237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,568 |
| Capital Gain Net Income | $29,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $42,560 |
| Total expenses and disbursements | $42,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Total assets | $70,149 |
| 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, Sterken Family Foundation has awarded $42,560 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL DONATION | $10,410 |
Ann Arbor, MI PURPOSE: GENERAL DONATION | $10,000 |
Ypsilanti, MI PURPOSE: GENERAL DONATION | $5,000 |
Saline, MI PURPOSE: OPERATIONS | $4,750 |
Ann Arbor, MI PURPOSE: GENERAL DONATION | $2,500 |
HOUSE INTO HOME PURPOSE: GENERAL DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Progress Inc Cleveland, OH | $14,988,219 | $7,783,828 |
Fund For Our Economic Future Of Northeast Ohio Cleveland, OH | $9,063,861 | $3,744,961 |
Baum Family Foundation Hastings, MI | $10,431,479 | $1,291,317 |
Egbert M Freese Foundation Galion, OH | $9,775,286 | $868,185 |
West Central Development Corporation Perrysburg, OH | $4,806,920 | $1,182,846 |
Thomas P And Sondra D Sheehan Charitable Foundation Fishers, IN | $5,927,664 | $430,035 |
Silver Beach Shadowland Saint Joseph, MI | $1,430,963 | $437,280 |
Wayne County-Detroit Cde Inc Detroit, MI | $4,766,254 | $730,026 |
Joint Economic Development Initiative Of Southern Ohio Jackson, OH | $6,947 | $427,000 |
Community Rewards Services Lexington, OH | $578 | $388,612 |
Harbor Hall Foundation Harbor Springs, MI | $13,613,969 | $2,399,523 |
Ohio Cpa Foundation Columbus, OH | $4,192,549 | $612,444 |