Stonbely Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $560.7k
- Investments
- $705.3k
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 22-3845884
Organization Overview
Stonbely Family Foundation Inc is located in New York, NY. The organization was established in 2002. 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. Stonbely Family 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, Stonbely Family Foundation Inc generated $560.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $112.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stonbely Family Foundation Inc has awarded 58 individual grants totaling $308,510. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH WINTER BEFORE CHRISTMAS, A GIANT SNOWFLAKE OF LIGHTS APPEARS ABOVE THE INTERSECTION AT FIFTH AVENUE AND 57TH STREET. THE SNOWFLAKE WAS DONATED TO THE ORGANIZATION TO RAISE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George N Stonbely President | 1 | $0 | |
Christine B Stonbely Vice President | 1 | $0 | |
Jonathan L Stonbely Director | 1 | $0 | |
George E Stonbely Director | 1 | $0 | |
Peter T Stonbely Director | 1 | $0 | |
Bank Of America N A Agent For Fiduciary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $482,479 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,608 |
| Capital Gain Net Income | $54,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $499 |
| Total Revenue | $560,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $878 |
| Total operating and administrative expenses | $63,508 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $112,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,700 |
| 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 | $184,563 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $454,257 |
| Total assets | $1,257,272 |
| 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, Stonbely Family Foundation Inc has awarded $29,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $1,500 |
CATHOLIC RELIEF SERVICES PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $11,500 |
LITTLE SISTERS OF THE ASSOCIATION PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $1,500 |
LSA FAMILY HEALTH CENTER PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $5,000 |
MERCY LEARNING CENTER PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $750 |
ROYAL ACADEMY OF MUSIC PURPOSE: TO FURTHER THE DONEE'S PURPOSE | $1,500 |