Stable Road Foundation
- Assets
- $3.5m
- Revenue
- $98.5k
- Investments
- $3.4m
- Employees
- 0
- Location
- Venice, CA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-5153380
Organization Overview
Stable Road Foundation is located in Venice, CA. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stable Road 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, Stable Road Foundation generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $125.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stable Road Foundation has awarded 79 individual grants totaling $576,099. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Freedman President/treasurer/director | 1 | $0 | |
Katie Freedman Goldsmith Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,268 |
| Capital Gain Net Income | $81,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $657 |
| Total operating and administrative expenses | $12,067 |
| Contributions, gifts, grants paid | $113,000 |
| Total expenses and disbursements | $125,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,321 |
| Savings and temporary cash investments | $4,392 |
| 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 | $3,524,636 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,000 |
| 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 | $1,000 |
Grants Awarded
Over the last fiscal year, Stable Road Foundation has awarded $113,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Aspen, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Kahului, HI PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
MAUI MEMORIAL MEDICAL CENTER FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Suffield, CT PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |
Makawao, HI PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |