Stanrose Foundation
- Assets
- $39.1m
- Revenue
- $1.5m
- Investments
- $38.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4670609
Organization Overview
Stanrose Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Stanrose 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, Stanrose Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) 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 2018, Stanrose Foundation has awarded 36 individual grants totaling $3,039,817. 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 |
|---|---|---|---|
Eric Bannasch Dir, Pres, Sec, Treas | 1 | $0 | |
Jennifer Keam VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $2,747 |
| Dividends & Interest | $26,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $553,913 |
| Capital Gain Net Income | $553,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$49,934 |
| Total Revenue | $1,532,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,357 |
| Total operating and administrative expenses | $93,934 |
| Contributions, gifts, grants paid | $1,570,317 |
| Total expenses and disbursements | $1,664,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,053,668 |
| 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 | $36,819,112 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,123,965 |
| 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, Stanrose Foundation has awarded $1,570,317 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGIATE SCHOOL INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
LGS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
MCC FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
MYELODYSPLASTIC SYNDROMES FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
STANFORD UNIVERSITY PURPOSE: BANNASCH-KEAM FUND | $180,000 |
STANFORD UNIVERSITY PURPOSE: THIS IS A GRANT FOR THE STANFORD IMPACT LABS START-UP LABS FUND AS PART OF THE BANNASCH/KEAM 4 YEAR COMMITMENT. | $500,000 |