Thomas G Stemberg Charitable Foundation
- Assets
- $6.6m
- Revenue
- $483.0k
- Investments
- $6.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-5672425
Organization Overview
Thomas G Stemberg Charitable Foundation is located in Boston, MA. The organization was established in 2007. 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. Thomas G Stemberg Charitable 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, Thomas G Stemberg Charitable Foundation generated $483.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $716.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas G Stemberg Charitable Foundation has awarded 150 individual grants totaling $2,871,817. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $344,884 |
| Capital Gain Net Income | $344,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,007 |
| Total Revenue | $482,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92,112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,937 |
| Total operating and administrative expenses | $161,544 |
| Contributions, gifts, grants paid | $554,750 |
| Total expenses and disbursements | $716,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,257 |
| 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 | $125,375 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,622,789 |
| 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, Thomas G Stemberg Charitable Foundation has awarded $554,750 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
OUR SISTERS SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
ELLEN GIFFORD SHELTER PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
BUZZARDS BAY COALITION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
STEPS TO SUCCESS INC PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
THE CARROLL SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
THE HARVARD INDEPENDENT INC PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |