White Stone Fund Inc
- Assets
- $265.4k
- Revenue
- $24.3k
- Investments
- $257.9k
- Employees
- 0
- Location
- Easton, MD
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 36-4324010
Organization Overview
White Stone Fund Inc is located in Easton, MD. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. White Stone Fund 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, White Stone Fund Inc generated $24.3k 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 (7.8%) each year. All expenses for the organization totaled $87.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, White Stone Fund Inc has awarded 46 individual grants totaling $399,000. 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 |
|---|---|---|---|
Alfred C Sikes Director | 0 | $0 | |
Martha H Sikes Director | 0 | $0 | |
Christine Sikes Mcnary Director | 0 | $0 | |
Deborah Sikes Director | 0 | $0 | |
Marcia Sikes Cole Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,232 |
| Dividends & Interest | $7,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,153 |
| Capital Gain Net Income | $15,153 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,943 |
| Contributions, gifts, grants paid | $83,000 |
| Total expenses and disbursements | $87,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,967 |
| 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 | $50,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $513 |
| Total assets | $265,401 |
| 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, White Stone Fund Inc has awarded $83,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARPENTER'S SHELTER PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSES HUMANITARIANFUND ORGANIZED CHARITIES PLANNED PURPOSES EDUCATIONALFUND ORGANIZED CHARITIES PLANNED PURPOSES EDUCATIONALFUND ORGANIZED CHARITIES PLANNED PURPOSES EDUCATIONAL | $1,000 |
MERCY KIDS AFRICA PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSES HUMANITARIAN | $1,000 |
MODERN WARRIOR LIVE PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSE VETERANS | $25,000 |
PEDIATRIC SPECIALISTS OF VIRGINIA PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSES MEDICALFUND ORGANIZED CHARITIES PLANNED PURPOSES HUMANITARIAN | $1,000 |
READ ALLIANCE PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSES EDUCATIONAL | $50,000 |
YMCA CHESAPEAKE PURPOSE: FUND ORANIZED CHARITIES PLANNED PURPOSE YOUTH DEVELOPMENT | $5,000 |