Stroser Foundation Inc
- Assets
- $505.5k
- Revenue
- $36.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- 07/1984
- Data as of
- 12/2022
- EIN
- 22-2525001
Organization Overview
Stroser Foundation Inc is located in Atlantic City, NJ. The organization was established in 1984. 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. Stroser 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, Stroser Foundation Inc generated $36.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $51.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stroser Foundation Inc has awarded 94 individual grants totaling $287,940. 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 |
|---|---|---|---|
Edward Lax V. Pres/trst | 2 | $2,000 | |
Joseph F Greenidge Jr Sec/mgr/trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,095 |
| Dividends & Interest | $16,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,084 |
| Capital Gain Net Income | $15,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250 |
| Total Revenue | $35,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $555 |
| Printing and publications | $0 |
| Other expenses | $4,907 |
| Total operating and administrative expenses | $16,569 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $51,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $505,495 |
| 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 | $505,495 |
| 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, Stroser Foundation Inc has awarded $35,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMVETS POST 0911 PURPOSE: VARIOUS ACTIVITIES | $500 |
ATLANTIC CITY EDUCATION FOUNDATION PURPOSE: VARIOUS ACTIVITIES | $4,000 |
ATLANTIC CITY NAACP PURPOSE: VARIOUS ACTIVITIES | $5,000 |
BERON JOAS PURPOSE: VARIOUS ACTIVITIES | $1,000 |
BOYS & GIRLS CLUB OF ATLANTIC CITY PURPOSE: VARIOUS ACTIVITIES | $10,000 |
DEBORAH HOSPITAL FOUNDATION PURPOSE: VARIOUS ACTIVITIES | $2,500 |