Sterk Family Maranatha Foundation
- Assets
- $331.7k
- Revenue
- $118.7k
- Investments
- $273.7k
- Employees
- 0
- Location
- Byron Center, MI
- Founding
- Data as of
- 12/2022
- EIN
- 85-0810717
Organization Overview
Sterk Family Maranatha Foundation is located in Byron Center, MI. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sterk Family Maranatha 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, Sterk Family Maranatha Foundation generated $118.7k 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 (23.6%) each year. All expenses for the organization totaled $76.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sterk Family Maranatha Foundation has awarded 85 individual grants totaling $118,544. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES DIRECT CASH CONTRIBUTIONS TO VARIOUS RELIGIOUS, CHARITABLE, AND EDUCATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William O Sterk President | 1 | $0 | |
Dave Ezinga Director | 1 | $0 | |
Marlene J Sterk Director | 1 | $0 | |
Jim Sterk Director | 1 | $0 | |
Erin Dunneback Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,222 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,279 |
| Capital Gain Net Income | $8,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $9,849 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391 |
| Total operating and administrative expenses | $17,950 |
| Contributions, gifts, grants paid | $58,512 |
| Total expenses and disbursements | $76,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,946 |
| 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 | $62,158 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $331,695 |
| 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, Sterk Family Maranatha Foundation has awarded $58,512 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUND | $50 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $50 |
ANDREW WOMMACK MINISTRIES PURPOSE: GENERAL FUND | $300 |
BIBLE LEAGUE INTERNATIONAL PURPOSE: GENERAL FUND | $5,500 |
BETHANY OUTREACH MINISTRIES PURPOSE: GENERAL FUND | $1,000 |
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: GENERAL FUND | $100 |