Steele Foundation For Hope
- Assets
- $146.1m
- Revenue
- $37.5m
- Investments
- $61.7m
- Employees
- 0
- Location
- Bedford, NH
- Founding
- Data as of
- 12/2022
- EIN
- 87-3862042
Organization Overview
Steele Foundation For Hope is located in Bedford, NH. 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. Steele Foundation For Hope 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, Steele Foundation For Hope generated $37.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (53.8%) each year. All expenses for the organization totaled $17.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Steele Foundation For Hope has awarded 17 individual grants totaling $16,150,775. 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
SOFTWARE, TECHNOLOGY, AND INNOVATION COMPANIES DEVELOPING CUTTING-EDGE SOLUTIONS THAT CAN BENEFIT THE LESS FORTUNATE.
NON-PROFIT ORGANIZATIONS PROVIDING TRANSFORMATIONAL SERVICES THAT LEAD TO LONG TERM SOLUTIONS IN LOW- AND MIDDLE-INCOME COUNTRIES.
FIRST-MOVER EMERGENCY RESPONSE ORGANIZATIONS WHO PROVIDE DIRECT HUMANITARIAN RELIEF IMMEDIATELY AFTER A CRISIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Brodsky Director | 0.4 | $0 | |
Kevin Curran Director | 0.4 | $0 | |
Art Desaulnier Director | 5 | $0 | |
Katie Emond Director | 0.4 | $0 | |
Mike Emond Director | 16 | $0 | |
Jane Exner Secretary & Treasurer | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rebecca Weintraub | 12/30/22 | $127,000 |
Morrison & Foerster Llp | 12/30/22 | $112,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,539,268 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,541,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $255,087 |
| Other employee salaries and wages | $115,723 |
| Pension plans, employee benefits | $45,230 |
| Interest | $0 |
| Taxes | $22,446 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $65,288 |
| Printing and publications | $0 |
| Other expenses | $19,930 |
| Total operating and administrative expenses | $806,128 |
| Contributions, gifts, grants paid | $16,150,775 |
| Total expenses and disbursements | $16,956,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,017 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $35,537,268 |
| 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 | $48,531,957 |
| Total assets | $146,060,422 |
| Accounts payable and accrued expenses | $1,004 |
| Grants payable | $8,442,425 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $51,764,105 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,207,534 |
Grants Awarded
Over the last fiscal year, Steele Foundation For Hope has awarded $16,150,775 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALIGHT PURPOSE: PROGRAM SUPPORT | $1,000,000 |
BUILDING TOMORROW PURPOSE: PROGRAM SUPPORT | $350,000 |
FAMILIES IN TRANSITION PURPOSE: PROGRAM SUPPORT | $100,000 |
COMMUNITY ORGANIZED RELIEF EFFORT PURPOSE: PROGRAM SUPPORT | $500,000 |
GARDENS FOR HEALTH INTERNATIONAL PURPOSE: PROGRAM SUPPORT | $496,340 |
HOME HEALTH & HOSPICE CARE PURPOSE: PROGRAM SUPPORT | $423,501 |