Sterling Family Foundation
- Assets
- $4.2m
- Revenue
- $483.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 75-3088351
Organization Overview
Sterling Family Foundation is located in Canton, OH. The organization was established in 2003. 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 Family 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, Sterling Family Foundation generated $483.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $207.7k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sterling Family Foundation has awarded 23 individual grants totaling $195,167. 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 |
|---|---|---|---|
W Mark Sterling Trustee, President | 2 | $0 | |
Jeffrey W Sterling Trustee, V.P. | 2 | $0 | |
Richard Williams Trustee, Sec. Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,681 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,923 |
| Capital Gain Net Income | $90,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $483,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $41,209 |
| Contributions, gifts, grants paid | $166,500 |
| Total expenses and disbursements | $207,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $4,219,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,219,937 |
| 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 Family Foundation has awarded $195,167 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: GENERAL SUPPORT | $53,000 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $35,000 |
COMMQUEST SERVICES INC PURPOSE: GENERAL SUPPORT | $20,000 |
OCA ADVANCEMENT FOUNDATION PURPOSE: GENERAL SUPPORT | $16,667 |
YWCA CANTON PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN RED CROSS STARK CO PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |