B M Stanton Foundation
- Assets
- $469.8k
- Revenue
- $153.2k
- Investments
- $450.8k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 54-6191995
Organization Overview
B M Stanton Foundation is located in Virginia Beach, VA. The organization was established in 0000. 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. B M Stanton 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 12/2022, B M Stanton Foundation generated $153.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $184.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, B M Stanton Foundation has awarded 60 individual grants totaling $406,700. 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 |
|---|---|---|---|
Diane S Monroe Chairman Of Board | 0.5 | $0 | |
Dorothy P Mannix Board Member | 0 | $0 | |
Robert M Stanton Board Member | 0 | $0 | |
Amg National Trust Bank Acting Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,272 |
| Net Rental Income | $99,334 |
| Net Gain on Sale of Assets | $12,819 |
| Capital Gain Net Income | $12,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,782 |
| Total operating and administrative expenses | $70,768 |
| Contributions, gifts, grants paid | $114,000 |
| Total expenses and disbursements | $184,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,783 |
| Net Accounts receivable | $10,186 |
| 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 | $213,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $469,815 |
| 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 | $7,500 |
| Total liabilities | $7,500 |
Grants Awarded
Over the last fiscal year, B M Stanton Foundation has awarded $114,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE BAY ACADEMY PURPOSE: EDUCATION | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: HEALTH - HUMAN SERVICE | $1,000 |
CHESAPEAKE BAY WINE CLASSIC FOUNDATION PURPOSE: COMMUNITY | $2,500 |
FIRST TEE OF HAMPTON ROADS PURPOSE: COMMUNITY SERVICES | $1,800 |
NORFOLK SPORTS CLUB CHARITABLE & EDUCATIONAL FOUNDATION PURPOSE: EDUCATION | $1,500 |
SETON YOUTH SHELTERS PURPOSE: COMMUNITY | $76,200 |