Sterling-Turner Foundation
- Assets
- $12.8m
- Revenue
- $4.0m
- Investments
- $11.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1962
- Data as of
- 12/2022
- EIN
- 74-1460482
Organization Overview
Sterling-Turner Foundation is located in Houston, TX. The organization was established in 1962. 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. Sterling-Turner 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, Sterling-Turner Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sterling-Turner Foundation has awarded 370 individual grants totaling $14,897,400. 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 |
|---|---|---|---|
T R Reckling III President | 1 | $100 | |
L David Winston Vice President | 1 | $100 | |
Isla C Reckling Treasurer | 1 | $100 | |
Christiana R Mcconn Secretary | 1 | $100 | |
Carroll R Goodman Asst Secretary | 1 | $0 | |
Chaille W Hawkins Asst Secretary | 1 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,041 |
| Dividends & Interest | $2,102,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,890,800 |
| Capital Gain Net Income | $1,890,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,003,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,200 |
| Other employee salaries and wages | $90,250 |
| Pension plans, employee benefits | $28,668 |
| Interest | $0 |
| Taxes | $63,052 |
| Depreciation | $0 |
| Occupancy | $26,900 |
| Travel, conferences, and meetings | $2,660 |
| Printing and publications | $868 |
| Other expenses | $13,785 |
| Total operating and administrative expenses | $414,200 |
| Contributions, gifts, grants paid | $1,315,000 |
| Total expenses and disbursements | $1,729,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,064,561 |
| 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 | $4,637 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,680 |
| Other assets | $3,623 |
| Total assets | $12,764,415 |
| 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, Sterling-Turner Foundation has awarded $1,315,000 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
AVONDALE HOUSE PURPOSE: GENERAL SUPPORT | $45,000 |
BIG BROTHERS BIG SISTERS LONE STAR PURPOSE: GENERAL SUPPORT | $10,000 |
BERGHEIM VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $5,000 |
BO'S PLACE PURPOSE: GENERAL SUPPORT | $10,000 |
BRENDA AND JOHN H DUNCAN RISE SCHOOL OF HOUSTON PURPOSE: 3L'S PROGRAM | $5,000 |
BRIDGES TO LIFE PURPOSE: GENERAL SUPPORT | $15,000 |