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Sternys Way Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832234169 ✦ Marblehead, MA ✦ Designated as a 501(c)(3)

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Overview

What is Sternys Way Inc?

Sternys Way Inc, situated in Marblehead, Massachusetts, is a dedicated nonprofit organization that focuses on providing financial assistance to high school graduates. They offer four annual scholarships worth $1000 each, distributed to two sets of graduates annually. The first set of scholarships is awarded to 2022 graduates and disbursed in July 2023. The remaining two scholarships are designed for 2023 graduates, with one being granted in June 2023 and the other in August of the same year. The organization's philanthropic mission is a testament to its commitment to supporting the educational aspirations of young individuals in the community.

Is Sternys Way Inc legitimate?

Sternys Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sternys Way Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Sternys Way Inc?

Sternys Way Inc focuses on providing financial assistance to high school graduates by offering scholarships. They grant two scholarships worth $1000 each to graduating students in 2022, with the funds to be disbursed in July 2023. Additionally, they provide two more scholarships for the 2023 graduating class, one to be distributed in June 2023 and the other in August of the same year. The organization's mission is primarily centered around educational support, aiming to help young individuals begin their higher education journey.

Who is the CEO of Sternys Way Inc?

Joel Blackmer is the President of Sternys Way Inc.

What is the revenue of Sternys Way Inc?

Sternys Way Inc's revenue in 2023 was $5,553.

Who are the executives of Sternys Way Inc and what are their salaries?


Here are 10 key members and their salaries:


Joel Blackmer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Brothers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Blayer (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trey Blackmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Dana (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hurley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Norman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Rockett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Stern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Stern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Sternys Way Inc?

Sternys Way Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Sternys Way Inc

Sternys Way Inc, a nonprofit organization, is dedicated to supporting high school graduates by providing financial aid. The mission of Sternys Way Inc involves offering scholarships to deserving graduates. In 2022, they awarded two scholarships worth $1000 each, with the funds to be disbursed in July 2023. For the following year, 2023, they plan to grant two more scholarships. One of these scholarships will be given in June 2023, while the other will be distributed in August of the same year. By providing these scholarships, Sternys Way Inc aims to assist students in furthering their education and achieving their academic goals.

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Impact




August, 2024

Sternys Way Inc's impact lies in providing educational opportunities for high school graduates through scholarship funding. By offering financial support in the form of scholarships, Sternys Way empowers students to further their education and pursue their dreams. This assistance not only eases the burden of tuition costs but also serves as a catalyst for academic and personal growth. Through their scholarship programs, Sternys Way Inc positively influences the lives of young individuals, helping them to reach their full potential and achieve their goals.




This information is meant to be a general summary of Sternys Way Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,553 (2023)
Expenses
$4,825 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $813
  • Gross Receipts: $5,553

Assets and Liabilities:

  • Total Assets: $48,161
  • Total Liabilities: $1,000
  • Net Assets: $47,161

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Organization Details

Principal Officer

Joel Blackmer

Main Address

20 SEAVIEW AVE, MARBLEHEAD, MA, 01945

NTEE Category

Code: B82 - Education

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