Sterrett Family Foundation Inc
- Assets
- $6.9k
- Revenue
- $220.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/2016
- Data as of
- 12/2020
- EIN
- 81-1106246
Organization Overview
Sterrett Family Foundation Inc is located in Indianapolis, IN. The organization was established in 2016. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Sterrett Family Foundation Inc generated $220.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $216.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sterrett Family Foundation Inc has awarded 74 individual grants totaling $771,304. 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 |
|---|---|---|---|
Jeffery P Sterrett Vice President | 1 | $0 | |
Kimberly A Seaitz Vice President | 1 | $0 | |
Stephen E Sterrett President | 1 | $0 | |
Betty L Sterrett Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $220,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $220,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $215,984 |
| Total expenses and disbursements | $215,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,854 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,854 |
| 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, Sterrett Family Foundation Inc has awarded $215,984 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: GENERAL ASSISTANCE | $64,784 |
INDIANAPOLIS CHILDRENS MUSEUM PURPOSE: GENERAL ASSISTANCE | $50,000 |
CATHEDRAL HIGH SCHOOL PURPOSE: GENERAL ASSISTANCE | $25,000 |
Scottsdale, AZ PURPOSE: GENERAL ASSISTANCE | $20,500 |
INDIANAPOLIS ZOO PURPOSE: GENERAL ASSISTANCE | $10,000 |
ITOWN CHURCH PURPOSE: GENERAL ASSISTANCE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $11,035,237 | $10,266,319 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,996,174 | $10,079,706 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $10,718,604 | $10,359,968 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $6,898,798 | $9,027,513 |
International Society Of Transport Aircraft Traders Chicago, IL | $14,912,991 | $9,345,820 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,490,218 | $7,063,669 |
Mainstreet Organization Of Realtors Downers Grove, IL | $21,010,981 | $7,449,486 |
Branson Chamber Of Commerce Branson, MO | $6,385,447 | $6,496,380 |
Louisville Chamber Of Commerce Inc Louisville, KY | $3,474,907 | $6,237,772 |
Illinois Small Business Growth Corporation Springfield, IL | $2,175,490 | $6,264,687 |
National Council Of Real Estate Investments Fiduciaries Chicago, IL | $2,793,480 | $5,886,857 |
Indiana Association Of Realtors Inc Indianapolis, IN | $14,769,592 | $6,354,885 |