Lawrence N Stern & Mary Jane M Stern Scholarship Tr
- Assets
- $1.3m
- Revenue
- $39.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- West Bend, WI
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 47-7412100
Organization Overview
Lawrence N Stern & Mary Jane M Stern Scholarship Tr is located in West Bend, WI. The organization was established in 2017. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence N Stern & Mary Jane M Stern Scholarship 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 12/2022, Lawrence N Stern & Mary Jane M Stern Scholarship Tr generated $39.4k 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 (20.0%) each year. All expenses for the organization totaled $100.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lawrence N Stern & Mary Jane M Stern Scholarship Tr has awarded 60 individual grants totaling $150,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,497 |
| Capital Gain Net Income | $9,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,029 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,741 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $100,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,031 |
| Savings and temporary cash investments | $39,754 |
| 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 | $1,349,910 |
| 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, Lawrence N Stern & Mary Jane M Stern Scholarship Tr has awarded $80,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
TRACI NORTON PURPOSE: EDUCATION | $2,300 |
DENISE PEEK PURPOSE: EDUCATION | $6,229 |
MARGARET REPINSKI PURPOSE: EDUCATION | $3,702 |
MICHAEL BURT PURPOSE: EDUCATION | $250 |
JOSE CAMILO-SALAS PURPOSE: EDUCATION | $3,702 |
ABIM ADANOR PURPOSE: EDUCATION | $2,243 |