Steele Family Foundation
- Assets
- $10.6m
- Revenue
- $167.4k
- Investments
- $10.3m
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 22-3431692
Organization Overview
Steele Family Foundation is located in Hobe Sound, FL. The organization was established in 1996. 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. Steele 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 12/2022, Steele Family Foundation generated $167.4k 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 (9.3%) each year. All expenses for the organization totaled $594.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steele Family Foundation has awarded 234 individual grants totaling $2,125,459. 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 |
|---|---|---|---|
Michael C Steele Trustee | 0 | $0 | |
Anne L Steele Hale Trustee | 0 | $0 | |
Susan Jennings Trustee | 0 | $0 | |
Edward L Steele Trustee | 0 | $0 | |
Jenna Scanlan Trustee | 0 | $0 | |
Brooke Ricketts Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,493 |
| Dividends & Interest | $178,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,301 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,709 |
| Contributions, gifts, grants paid | $589,100 |
| Total expenses and disbursements | $594,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $267,038 |
| 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 | $10,599,803 |
| 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, Steele Family Foundation has awarded $589,100 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALCOHOLICS ANONYMOUS PURPOSE: COMMUNITY WELLNESS | $3,250 |
BANNER LAKE COMMUNITY FUND PURPOSE: COMMUNITY WELLNESS | $30,000 |
AMERICA'S VETDOGS PURPOSE: MEDICAL | $5,000 |
BE NOLA INCORPORATED PURPOSE: EDUCATIONAL | $6,000 |
BREAKTHROUGH SANTA FE PURPOSE: EDUCATIONAL | $2,500 |
CANTERBURY SCHOOL PURPOSE: EDUCATIONAL | $51,250 |