John Franklin Stone Charitable Tr
- Assets
- $1.1m
- Revenue
- $78.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/1996
- Data as of
- 07/2023
- EIN
- 38-6658355
Organization Overview
John Franklin Stone Charitable Tr is located in Detroit, MI. The organization was established in 1996. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. John Franklin Stone Charitable Tr 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 07/2023, John Franklin Stone Charitable Tr generated $78.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $93.7k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John Franklin Stone Charitable Tr has awarded 12 individual grants totaling $326,253. 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 |
|---|---|---|---|
Comerica Bank And Trust Na Trustee | 2 | $25,538 | |
Anne R Stone Co-Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,935 |
| Capital Gain Net Income | $53,935 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $78,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,355 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $23,733 |
| Contributions, gifts, grants paid | $69,999 |
| Total expenses and disbursements | $93,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,401 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,090,910 |
| 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, John Franklin Stone Charitable Tr has awarded $69,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: SUPPORT OF DAILY OPERATIONS | $23,333 |
HOSPICE OF MICHIGAN PURPOSE: SUPPORT OF DAILY OPERATIONS | $23,333 |
UNIVERSITY OF MICHIGAN PURPOSE: SUPPORT OF DAILY OPERATIONS | $23,333 |