Stern Leichter Foundation
- Assets
- $3.9m
- Revenue
- $121.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 33-0706564
Organization Overview
Stern Leichter Foundation is located in San Diego, CA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Stern Leichter 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, Stern Leichter Foundation generated $121.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $313.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stern Leichter Foundation has awarded 117 individual grants totaling $1,667,667. 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 |
|---|---|---|---|
Stephen J Cohen President/director | 1 | $4,000 | |
Michael D Berlin Director/vice Pres/secreta | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,708 |
| Dividends & Interest | $146,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,832 |
| Capital Gain Net Income | $105,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$152,107 |
| Total Revenue | $121,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $600 |
| Pension plans, employee benefits | $0 |
| Interest | $2,894 |
| Taxes | $666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,759 |
| Total operating and administrative expenses | $65,419 |
| Contributions, gifts, grants paid | $248,000 |
| Total expenses and disbursements | $313,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,168 |
| 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 | $227,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,865,466 |
| 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 | $17 |
| Total liabilities | $17 |
Grants Awarded
Over the last fiscal year, Stern Leichter Foundation has awarded $248,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
B'NAI BRITH CAMP PURPOSE: PROVIDES SAFE, NURTURING AND FUN EXPERIENCES THAT INSPIRE GROWTH AND ENDURING JEWISH IDENTITY | $7,500 |
COASTAL ROOTS FARM PURPOSE: SUSTAINABLE AGRICULTURE, FOOD JUSTICE, ANCIENT JEWISH WISDOM | $10,000 |
COASTAL ROOTS FARM PURPOSE: SUSTAINABLE AGRICULTURE, FOOD JUSTICE, ANCIENT JEWISH WISDOM | $5,000 |
COASTAL ROOTS FARM PURPOSE: SUSTAINABLE AGRICULTURE, FOOD JUSTICE, ANCIENT JEWISH WISDOM | $5,000 |
COMMUNITY RESOURCE CENTER PURPOSE: HELP CREATE PATHS TO HEALTHY FOOD, STABLE HOMES AND SAFE RELATIONSHIPS | $10,000 |
HANDS OF PEACE PURPOSE: SUPPORT YOUTH EDUCATION FOR MIDDLE EASTERN AND AMERICAN TEENAGERS | $5,000 |