Stover Foundation 09-19-96
- Assets
- $23.3m
- Revenue
- $694.1k
- Investments
- $20.7m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 68-0392330
Organization Overview
Stover Foundation 09-19-96 is located in Annapolis, MD. The organization was established in 1997. 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. Stover Foundation 09-19-96 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, Stover Foundation 09-19-96 generated $694.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stover Foundation 09-19-96 has awarded 247 individual grants totaling $13,432,400. 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 |
|---|---|---|---|
Dr Parker Williamson CEO | 20 | $72,000 | |
Dr Gerrit Dawson President | 1 | $0 | |
Gary Nickerson Director | 1 | $0 | |
Cara Ludwig Director | 1 | $0 | |
Daniel Jessup Director | 1 | $0 | |
Princeton Scott Bardwell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $707,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,525 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $694,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81,241 |
| Depreciation | $0 |
| Occupancy | $8,396 |
| Travel, conferences, and meetings | $11,196 |
| Printing and publications | $0 |
| Other expenses | $535 |
| Total operating and administrative expenses | $260,949 |
| Contributions, gifts, grants paid | $755,000 |
| Total expenses and disbursements | $1,015,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,915 |
| Savings and temporary cash investments | $2,244,926 |
| 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 | $23,282,593 |
| 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, Stover Foundation 09-19-96 has awarded $755,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: GENERAL EVANGELICAL OUTREACH | $100,000 |
ANNAPOLIS AREA CHRISTIAN SCHOOL PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $10,000 |
AMBASSADOR CHRISTIAN ACADEMY PURPOSE: GENERAL EVANGELICAL OUTREACH | $20,000 |
BAYLOR UNIVERSITY PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $10,000 |
C S LEWIS INSTITUTE ANNAPOLIS PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $10,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: TO FURTHER CHRISTIAN EDUCATION | $10,000 |