The Frank B Stewart Jr Foundation
- Assets
- $1.0m
- Revenue
- $59.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 72-1247958
Organization Overview
The Frank B Stewart Jr Foundation is located in New Orleans, LA. The organization was established in 1993. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Frank B Stewart Jr 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 12/2021, Frank B Stewart Jr Foundation generated $59.6k 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 (48.3%) each year. All expenses for the organization totaled $337.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frank B Stewart Jr Foundation has awarded 19 individual grants totaling $957,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRANK B. STEWART JR FOUNDATION WAS ORGANIZED SPECIFICALLY FOR (CONT'D ON SCHEDULE O)THE BENEFIT OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANK B. STEWART JR FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE BENEFIT OF THE GREATER NEW ORLEANS FOUNDATION, A NON PROFIT ORGANIZATION EXEMPT UNDER 501(C)3.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank B Stewart Jr Chairman | OfficerTrustee | 2 | $0 |
Betty Lauricella Director | Trustee | 2 | $0 |
Paulette Stewart Director | Trustee | 2 | $0 |
Patricia Leblanc Director | Trustee | 2 | $0 |
Betty Poole Director | Trustee | 2 | $0 |
Andrew Kopplin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $11,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,984 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $337,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,027,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,029,105 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $175,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $175,000 |
| Net assets without donor restrictions | $854,105 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,029,105 |
Grants Awarded
Over the last fiscal year, The Frank B Stewart Jr Foundation has awarded $315,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: BUSINESS & INDUSTRY | $100,000 |
New Orleans, LA PURPOSE: FEDERATED GIVING PROGRAMS | $95,000 |
New Orleans, LA PURPOSE: HEALTH | $50,000 |
New Orleans, LA PURPOSE: EDUCATION | $25,000 |
New Orleans, LA PURPOSE: MILITARY & VETERANS ORGANIZATIONS | $25,000 |
New Orleans, LA PURPOSE: PUBLIC/SOCIETY BENEFIT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Petco Foundation San Antonio, TX | $33,418,658 | $39,582,418 |
Nau Foundation Houston, TX | $22,224,867 | $2,525,236 |
Excellerate Foundation Charitable Support Rogers, AR | $173,087,242 | $16,463,917 |
Greater Houston Golf Charity The Woodlands, TX | $3,025,396 | $6,171,949 |
Amoud Foundation Irving, TX | $3,623,753 | $6,777,014 |
Rice Re Holdings Iii Houston, TX | $189,919,833 | -$4,482,268 |
Hab Charitable Corporation Fort Worth, TX | $0 | $8,699,388 |
Ssb Charitable Corporation Fort Worth, TX | $58,885,873 | $7,421,686 |
Chive Charities Austin, TX | $275,460 | $2,652,488 |
Teneo Network Inc Austin, TX | $2,908,016 | $4,934,396 |
Marlene Nathan Meyerson Family Foundation Dallas, TX | $607,475 | $1,580,847 |
Webber Family Foundation Austin, TX | $16,109,859 | $1,226,381 |