Todd And Raphaela Stern Foundation
- Assets
- $16.9m
- Revenue
- $1.2m
- Investments
- $16.6m
- Employees
- 0
- Location
- Skokie, IL
- Founding
- Data as of
- 12/2023
- EIN
- 85-2987562
Organization Overview
Todd And Raphaela Stern Foundation is located in Skokie, IL. 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. Todd And Raphaela Stern 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 12/2023, Todd And Raphaela Stern Foundation generated $1.2m 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 (50.8%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Todd And Raphaela Stern Foundation has awarded 477 individual grants totaling $6,771,743. 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 |
|---|---|---|---|
Todd Stern Director | 5 | $0 | |
Raphaela Stern Director | 2 | $0 | |
Abraham Stern Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $345,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $827,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,044 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,170,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,705 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $345 |
| Total operating and administrative expenses | $147,148 |
| Contributions, gifts, grants paid | $2,139,062 |
| Total expenses and disbursements | $2,286,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,758 |
| Savings and temporary cash investments | $53,340 |
| 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 | $16,858,786 |
| Accounts payable and accrued expenses | $6,120 |
| 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 | $6,120 |
Grants Awarded
Over the last fiscal year, Todd And Raphaela Stern Foundation has awarded $2,139,062 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
99PLEDGES LLC PURPOSE: DONATION | $180 |
AFO TORAH BTZFAT PURPOSE: DONATION | $72 |
AGUDATH ISRAEL OF ILLINOIS PURPOSE: DONATION | $36,000 |
AHAVAS CHESED PURPOSE: DONATION | $1,440 |
AHAVAS TORAH INC PURPOSE: DONATION | $72 |
AMERICAN FRIENDS OF INTERNATIONAL YOUNG ISRAEL MOVEMENT PURPOSE: DONATION | $360 |