Sidney Stern Memorial Trust No 300-6-4020-02
- Assets
- $18.6m
- Revenue
- $966.0k
- Investments
- $18.0m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/1976
- Data as of
- 08/2023
- EIN
- 95-6495222
Organization Overview
Sidney Stern Memorial Trust No 300-6-4020-02 is located in Las Vegas, NV. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 08/2023, Sidney Stern Memorial Trust No 300-6-4020-02 generated $966.0k 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 (11.9%) each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. 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.
Since 2023, Sidney Stern Memorial Trust No 300-6-4020-02 has awarded 299 individual grants totaling $1,453,600. 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 |
|---|---|---|---|
Carol Sevilla Member Board Of Advisors | 1 | $19,330 | |
Daniel Luevano Member Board Of Advisors | 1 | $19,330 | |
David Hoffenberg Member Board Of Advisors | 1 | $10,000 | |
Peter H Hoffenberg Member Board Of Advisors | 1 | $24,291 | |
Rebecca Schwartz Member Board Of Advisors | 1 | $20,000 | |
Saundra Schwartz Member Board Of Advisors | 1 | $19,330 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Bank N A | 8/30/21 | $156,109 |
Team Risk Management Strategies Llc | 8/30/21 | $80,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $531,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $433,957 |
| Capital Gain Net Income | $433,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $489 |
| Total Revenue | $965,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,383 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,969 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,144 |
| Total operating and administrative expenses | $399,602 |
| Contributions, gifts, grants paid | $1,453,600 |
| Total expenses and disbursements | $1,853,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $637,503 |
| 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 | $10,837,416 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,648,727 |
| 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, Sidney Stern Memorial Trust No 300-6-4020-02 has awarded $1,453,600 in support to 299 organizations.
| Grant Recipient | Amount |
|---|---|
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: GENERAL OPERATING | $2,500 |
AFRICAN AMERICAN DIVERSITY CULTURAL CENT PURPOSE: GENERAL OPERATING | $5,000 |
CHILDREN OF FALLEN HEROES PURPOSE: GENERAL OPERATING | $3,000 |
GARRISON INSTITUTE PURPOSE: GENERAL OPERATING | $20,000 |
ADDSTEAM PURPOSE: GENERAL OPERATING | $8,000 |
COMPUTER CORE PURPOSE: GENERAL OPERATING | $5,000 |