Stenstrom Foundation
- Assets
- $2.0m
- Revenue
- $547.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 36-3351099
Organization Overview
Stenstrom Foundation is located in Rockford, IL. The organization was established in 1986. 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. Stenstrom 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 12/2023, Stenstrom Foundation generated $547.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $132.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stenstrom Foundation has awarded 95 individual grants totaling $874,350. 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 |
|---|---|---|---|
Robert W Stenstrom Director | 0 | $0 | |
Janet K Stenstrom Director | 0 | $0 | |
Philip R Frankfort Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $4,699 |
| Dividends & Interest | $44,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$983 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $547,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49 |
| Total operating and administrative expenses | $10,366 |
| Contributions, gifts, grants paid | $122,500 |
| Total expenses and disbursements | $132,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,653 |
| 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 | $1,080 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,962,214 |
| 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, Stenstrom Foundation has awarded $122,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: CHARITABLE | $10,000 |
GOLDEN APPLE PURPOSE: CHARITABLE | $1,000 |
REMEDIES PURPOSE: CHARITABLE | $5,000 |
ROSECRANCE FOUNDATION PURPOSE: CHARITABLE | $3,000 |
VARIOUS PURPOSE: CHARITABLE | $500 |
ROCKFORD PROMISE PURPOSE: CHARITABLE | $21,000 |