Sterner Foundation Inc

ABILENE, KS EIN: 48-0847407

Sterner Foundation Inc is a private foundation, based in ABILENE, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 2 grants totaling $277K. Net investment income was $145K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.7M

+7.2% YoY

Annual Giving

$277K

+28.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$139K

+28.8% YoY

Under IRS private-foundation payout rules, Sterner Foundation Inc reported a distributable amount of $278K for 2024 — the minimum it must pay out in qualifying distributions.

About Sterner Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kansas $492K (100%)

States

Kansas

Cities

Abilene

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,695,380	$5,313,926	$3,449,187
Revenue	$549,935	$1,832,722	$3,449,187
Expenses	$357,254	$275,755	—
Qualifying Distributions	$277,000	$223,000	—
Net Investment Income	$144,954	$148,005	$1,165
Distributable Amount	$278,377	$224,441	$6,990

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Central Kansas Free Fair ($261,500), Historic Abilene Inc ($15,500).

Recipient	Purpose	Amount
CENTRAL KANSAS FREE FAIR ABILENE, KS	CKFF BEEF BARNS, TABLES AND CHAIRS	$261,500
HISTORIC ABILENE INC ABILENE, KS	PAVILION ENHANCEMENTS,EDUCATION CENT	$15,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PETER L PETERSON	SECRETARY	1	—
JAMES J KRUEGER	PRESIDENT	1	—
RANDY J GASSMAN	TREASURER	1	—

Frequently Asked Questions

How large is Sterner Foundation Inc?

As of 2024, Sterner Foundation Inc holds $5.7M in total assets with $550K in annual revenue. It awarded 2 grants totaling $277K in 2024.

Where does Sterner Foundation Inc operate?

Sterner Foundation Inc has awarded grants in Kansas.

What size grants does Sterner Foundation Inc award?

In 2024, Sterner Foundation Inc awarded 2 grants totaling $277K — an average of about $139K per grant, based on its IRS Form 990 filings.

How much is Sterner Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sterner Foundation Inc reported a distributable amount of $278K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.