Living Stones Foundation
- Assets
- $1.3m
- Revenue
- $90.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-2741658
Organization Overview
Living Stones Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Living Stones 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, Living Stones Foundation generated $90.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $129.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Living Stones Foundation has awarded 71 individual grants totaling $934,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CD PROJECT - PRODUCTION OF A GOSPEL MUSIC CD WITH CAPE COD MUSICIAN. CD WILL BE SOLD AND ALSO MADE AVAILABLE AT NURSING HOMES, ASSISTED LIV. FACILITIES, CHURCHES AT NO COST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Quinones Dir, Treas, Co- Pres | 10 | $0 | |
Deborah S Quinones Co- Pres, Dir, Sec | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $281 |
| Dividends & Interest | $65,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,729 |
| Capital Gain Net Income | $248,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,055 |
| Total operating and administrative expenses | $12,119 |
| Contributions, gifts, grants paid | $117,500 |
| Total expenses and disbursements | $129,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,184 |
| 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 | $1,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,294,730 |
| 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, Living Stones Foundation has awarded $117,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMPLIFY POC CAPE COD PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ARRABON PURPOSE: MATTHEW 25 INITIATIVE | $25,000 |
EMBRACING THE JOURNEY INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
ASYLUM PRIDE HOUSE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
NEW GROUND NETWORK INC PURPOSE: POST EVANGELICAL COLLECTIVE | $10,000 |
FRIENDS OF ST STEPHENS YOUTH PROGRAMS INC PURPOSE: DIVERSITY, EQUITY AND INCLUSION WORK | $10,000 |