Sternys Way Inc
- Assets
- $58.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 07/2019
- Data as of
- 06/2024
- EIN
- 83-2234169
Organization Overview
Sternys Way Inc is located in Marblehead, MA. 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. Sternys Way Inc 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 06/2024, Sternys Way Inc generated $5.3k 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 (5.8%) each year. All expenses for the organization totaled $3.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TWO SCHOLARSHIPS FOR 2024 GRADUATES OF 1500 EACH CASHED IN JULY 2024 ONE SCHOLARSHIP FOR A 2023 GRADUATE WAS CASHED IN AUGUST 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Blackmer President | 1 | $0 | |
Dan Brothers Treasurer | 1 | $0 | |
Robert Blayer Clerk | 1 | $0 | |
Trey Blackmer Director | 0 | $0 | |
Robert Dana Director | 0 | $0 | |
Tim Hurley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,376 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $937 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,313 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $819 |
| Total expenses | $3,819 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,989 |
| Other assets | $0 |
| Total assets | $57,989 |
| Total liabilities | $3,000 |
| Net assets or fund balances | $54,989 |