Stephen H Sturges & Rose P Sturges Charitable Trust
- Assets
- $3.7m
- Revenue
- $171.5k
- Investments
- $3.5m
- Employees
- 0
- Location
- Yuma, AZ
- Founding
- 07/1982
- Data as of
- 11/2023
- EIN
- 86-0427923
Organization Overview
Stephen H Sturges & Rose P Sturges Charitable Trust is located in Yuma, AZ. The organization was established in 1982. 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. Stephen H Sturges & Rose P Sturges Charitable Trust 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 11/2023, Stephen H Sturges & Rose P Sturges Charitable Trust generated $171.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $277.7k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stephen H Sturges & Rose P Sturges Charitable Trust has awarded 572 individual grants totaling $1,774,200. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Gallaher Trustee | 1 | $2,000 | |
Linda Rundell Trustee | 1 | $2,000 | |
Amy Dorado Trustee | 1 | $2,000 | |
Cam Cong Trustee | 1 | $2,000 | |
Gary Black Trustee | 1 | $2,000 | |
Valarie Donnelly Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $119,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,995 |
| Capital Gain Net Income | $51,995 |
| Net ST Capital Gain | $53 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56 |
| Total Revenue | $171,464 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,577 |
| Total operating and administrative expenses | $82,701 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $277,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,279 |
| 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 | $125,042 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $3,680,669 |
| 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 | $457 |
| Total liabilities | $457 |
Grants Awarded
Over the last fiscal year, Stephen H Sturges & Rose P Sturges Charitable Trust has awarded $195,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXUS WUERTEMBURG PURPOSE: SCHOLARSHIP | $1,500 |
ANTHONY NUNEZ ROMERO PURPOSE: SCHOLARSHIP | $1,500 |
ANTHONY QUINTANA PURPOSE: SCHOLARSHIP | $3,000 |
BROOKE ROBBINS PURPOSE: SCHOLARSHIP | $3,000 |
DANIELLE MONROE PURPOSE: SCHOLARSHIP | $1,500 |
DAVID NUNEZ PURPOSE: SCHOLARSHIP | $3,000 |