Robert & Adele Stern Foundation
- Assets
- $7.9m
- Revenue
- $301.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 07/1961
- Data as of
- 04/2024
- EIN
- 36-6109775
Organization Overview
Robert & Adele Stern Foundation is located in Arcadia, CA. The organization was established in 1961. 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. Robert & Adele Stern 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 04/2024, Robert & Adele Stern Foundation generated $301.7k in total revenue. All expenses for the organization totaled $224.1k during the year ending 04/2024. While expenses have increased by 27.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Robert & Adele Stern Foundation has awarded 33 individual grants totaling $434,125. 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 |
|---|---|---|---|
Laura Stern Seaver Director/secretary/treasurer | 5 | $0 | |
Susan Stern Director/president | 5 | $0 | |
Michael Stern Director/vice-President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,822 |
| Dividends & Interest | $256,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,158 |
| Capital Gain Net Income | $13,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $301,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,498 |
| Total operating and administrative expenses | $92,248 |
| Contributions, gifts, grants paid | $131,900 |
| Total expenses and disbursements | $224,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,876 |
| Savings and temporary cash investments | $2,085,069 |
| 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 | $3,799,554 |
| Net Land, buildings, and equipment | $1,246,875 |
| Other assets | $0 |
| Total assets | $7,855,175 |
| 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, Robert & Adele Stern Foundation has awarded $131,900 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH DAVID OF SAN LUIS OBISPO PURPOSE: GENERAL SUPPORT | $5,000 |
CONGREGATION SHOMREI TORAH PURPOSE: GENERAL SUPPORT | $35,000 |
CUESTA COLLEGE FOUNDATION PURPOSE: GENERAL SUPPORT | $4,400 |
FOOTHILL UNITY CENTER PURPOSE: GENERAL SUPPORT | $2,500 |
NATIONAL DISASTER SEARCH DOG FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
PEOPLE'S SELF HELP HOUSING CORPORATION PURPOSE: GENERAL SUPPORT | $5,000 |