Michael And Helen Schaffer Foundation
- Assets
- $4.6m
- Revenue
- $238.4k
- Investments
- $4.6m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 02/2002
- Data as of
- 07/2024
- EIN
- 02-0534424
Organization Overview
Michael And Helen Schaffer Foundation is located in Miami Beach, FL. The organization was established in 2002. 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. Michael And Helen Schaffer Foundation 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 07/2024, Michael And Helen Schaffer Foundation generated $238.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $420.2k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael And Helen Schaffer Foundation has awarded 111 individual grants totaling $1,852,593. 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 |
|---|---|---|---|
Wendy Appel Trustee | 32 | $85,000 | |
Michael Appel Trustee | 32 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,004 |
| Capital Gain Net Income | $77,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $238,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,460 |
| Total operating and administrative expenses | $203,457 |
| Contributions, gifts, grants paid | $216,733 |
| Total expenses and disbursements | $420,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,388 |
| 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 | $2,324,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,636,113 |
| 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, Michael And Helen Schaffer Foundation has awarded $216,733 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER MIAMI JEWISH FOUNDATION PURPOSE: TO SUPPORT A LIFELINE OF VITAL PROGRAMS AND SERVICES THAT HELP PEOPLE IN NEED IN MIAMI | $45,000 |
MAKE A WISH SOUTHERN FLORIDA FOUNDATION PURPOSE: TO CREATE LIFE CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES | $10,000 |
JORGE M PEREZ ART MUSEUM PURPOSE: TO DEDICATE INTERNATIONAL ART OF THE 20TH &21ST CENTURIES TO FILL A VOID WHERE NO ART MUSEUMS EXISTED | $5,000 |
COMMUNITY FOUNDATION OF OGDEN VALLEY PURPOSE: TO SUPPORT LOCAL NONPROFIT ORGANIZATIONS THAT ENRICH THE LIVES OF THE RESIDENTS BRINGING THEM TOGETHER | $10,000 |
AMERICAN FRIENDS OF ISRAEL PURPOSE: TO HELP JEWS IN ISRAEL THROUGH EDUCATION, JEWISH AWARENESS, PRIDE AND OBSERVANCE IN AN EDUCATIONAL SETTING | $10,000 |
LEHRMAN COMMUNITY DAY SCHOOL PURPOSE: TO PROVIDE ADYNAMIC GENERAL AND JUDAIC CURRICULUM WITH A JEWISH ENVIRONMENT FOR STUDENTS THROUGH THE 5TH GRADE | $30,018 |