Steans Family Foundation
- Assets
- $292.9m
- Revenue
- $13.0m
- Investments
- $284.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 36-3486843
Organization Overview
Steans Family Foundation is located in Chicago, IL. The organization was established in 1987. 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. Steans 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, Steans Family Foundation generated $13.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $23.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Steans Family Foundation has awarded 22 individual grants totaling $74,818,314. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
GRANT MAKING AND PROGRAMS INTENDED TO REVITALIZE THE NORTH LAWNDALE NEIGHBORHOOD ON CHICAGO'S WEST SIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Steans President | 30 | $0 | |
Robin Steans Vice President | 5 | $0 | |
Jennifer Steans Treasurer | 5 | $0 | |
Jim Kastenholz Trustee | 5 | $0 | |
Leo Smith Trustee | 5 | $0 | |
Lenny Gail Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $515,111 |
| Interest on Savings | $594,560 |
| Dividends & Interest | $9,419,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,639,193 |
| Capital Gain Net Income | $4,639,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,132,338 |
| Total Revenue | $13,036,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,270,255 |
| Pension plans, employee benefits | $299,122 |
| Interest | $1,549 |
| Taxes | $604,725 |
| Depreciation | $104,459 |
| Occupancy | $81,483 |
| Travel, conferences, and meetings | $11,288 |
| Printing and publications | $0 |
| Other expenses | $2,655,623 |
| Total operating and administrative expenses | $6,579,195 |
| Contributions, gifts, grants paid | $16,594,143 |
| Total expenses and disbursements | $23,173,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464,715 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,647 |
| 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 | $39,162 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,626,508 |
| Net Land, buildings, and equipment | $6,990,704 |
| Other assets | $89,075 |
| Total assets | $292,913,090 |
| Accounts payable and accrued expenses | $1,019,067 |
| Grants payable | $11,779,482 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,048,331 |
| Total liabilities | $14,846,880 |
Grants Awarded
Over the last fiscal year, Steans Family Foundation has awarded $16,594,143 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS- SEE ATTACHED LIST PURPOSE: GENERAL SUPPORT | $13,816,019 |
OTHER GRANTS PURPOSE: GENERAL SUPPORT | $2,778,124 |