North J And Florence Stockton Charitable Foundation
- Assets
- $1.3m
- Revenue
- $17.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 38-6662894
Organization Overview
North J And Florence Stockton Charitable Foundation is located in Southfield, MI. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. North J And Florence Stockton Charitable 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, North J And Florence Stockton Charitable Foundation generated $17.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $86.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, North J And Florence Stockton Charitable Foundation has awarded 74 individual grants totaling $218,300. 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 |
|---|---|---|---|
Judy Nowak Co-Trustee | 1 | $0 | |
Bank Of America Na Trustee | 2 | $2,074 | |
Mike Verdun Co-Trustee | 1 | $6,950 | |
Grace Verdun Co-Trustee | 1 | $0 | |
Jack Verdun Co-Trustee | 1 | $0 | |
Plante Moran Trust Na Trustee | 2 | $12,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $313 |
| Dividends & Interest | $23,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,646 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,579 |
| Contributions, gifts, grants paid | $59,500 |
| Total expenses and disbursements | $86,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,894 |
| 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 | $852,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,253,126 |
| 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, North J And Florence Stockton Charitable Foundation has awarded $59,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MIDWEST HOPE AND HEALING PURPOSE: GENERAL OPERATING | $1,000 |
MICHIGAN CENTER FOR 21ST CENTURY TEACHING AND LEARNING PURPOSE: GENERAL OPERATING | $1,000 |
KNIGHTS OF COLUMBUS CHARITIES INC PURPOSE: GENERAL OPERATING | $1,500 |
SAINT CHARLES CHURCH PURPOSE: GENERAL OPERATING | $2,000 |
SHILOH COMMUNITY CHURCH PURPOSE: GENERAL OPERATING | $2,000 |
B FOUNDATION INC PURPOSE: GENERAL OPERATING | $2,000 |