Sternglanz Foundation
- Assets
- $1.7m
- Revenue
- $591.0
- Investments
- $1.7m
- Employees
- 0
- Location
- Cardiff, CA
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 46-1845216
Organization Overview
Sternglanz Foundation is located in Cardiff, CA. The organization was established in 2013. 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. Sternglanz 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, Sternglanz Foundation generated $591.0 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 (69.9%) each year. All expenses for the organization totaled $105.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
$100000 MATCHING FUND DONATION PAID TO INTERFAITH COMMUNITY SERVICES ESCONDIDO CA. 92025 FED. TAX ID #95-3837714. THE AGENCY PROVIDES MULTIPLE SERVICES TO THE HOMELESS COMMUNITY INCLUDING: HOUSING MEALS EDUCATIONAL REFERRALS AND WORK REFERRALS ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter C Stern President | 3 | $0 | |
Alfred Gargiulo VP & Sec | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $591 |
| Capital Gain Net Income | $5,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162 |
| Total operating and administrative expenses | $5,402 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $105,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,072 |
| 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 | $1,723,349 |
| 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, Sternglanz Foundation has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY SERVICES PURPOSE: SEEDED MATCHING FUND | $50,000 |
SALEM FOR REFUGEES PURPOSE: SEEDED MATCHING FUND FOR BUILDING PURCHASE | $10,000 |
CASA CORNELLIA LAW CENTER PURPOSE: SEEDED MATCHING FUND- GIVING TUESDAY | $15,000 |