Roy And Gwen Steeley Foundation Inc
- Assets
- $51.8m
- Revenue
- $3.6m
- Investments
- $50.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-3900311
Organization Overview
Roy And Gwen Steeley Foundation Inc is located in Wilmington, DE. The organization was established in 2011. 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. Roy And Gwen Steeley 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 12/2023, Roy And Gwen Steeley Foundation Inc generated $3.6m 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 (18.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Roy And Gwen Steeley Foundation Inc has awarded 534 individual grants totaling $13,631,423. 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 |
|---|---|---|---|
Colleen Happy Dir | 1 | $0 | |
Hank Happy Dir, Chairman Of The Board | 1 | $0 | |
Benjamin Franklin Lewis Jr Dir | 1 | $0 | |
Mary Ann Raun Sec | 40 | $78,474 | |
Adam Sanders Dir, Pres, Treas | 40 | $130,000 | |
Alissa Steeley Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $359,951 |
| Interest on Savings | $24,470 |
| Dividends & Interest | $1,504,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,748,686 |
| Capital Gain Net Income | $1,748,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,638,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $208,474 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,838 |
| Interest | $0 |
| Taxes | $37,342 |
| Depreciation | $0 |
| Occupancy | $11,620 |
| Travel, conferences, and meetings | $18,456 |
| Printing and publications | $0 |
| Other expenses | $64,397 |
| Total operating and administrative expenses | $515,597 |
| Contributions, gifts, grants paid | $2,265,461 |
| Total expenses and disbursements | $2,781,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,017,282 |
| 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 | $51,759,441 |
| 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, Roy And Gwen Steeley Foundation Inc has awarded $2,265,461 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AIRBORNE CHURCH INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
BLUE RIDGE COMMUNITY & TECHNICAL COLLEGE FOUNDATIO PURPOSE: OPPORTUNITY SCHOLARSHIP FUND | $145,000 |
BLUE RIDGE COMMUNITY & TECHNICAL COLLEGE FOUNDATIO PURPOSE: WELDING LAB AT THE PINES OPPORTUNITIES CENTER | $350,000 |
BOYS & GIRLS CLUB OF THE EASTERN PANHANDLE - JEFFE PURPOSE: GENERAL & UNRESTRICTED | $500 |
COMFORT CASES INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
EASTERN PANHANDLE REGIONAL PLANNING & DEVELOPMENT PURPOSE: NONPROFIT GRANT WRITER FOR 12 MONTHS | $95,000 |