Schechter Foundation
- Assets
- $1.8m
- Revenue
- $110.5k
- Investments
- $986.9k
- Employees
- 0
- Location
- Chestnut Hill, MA
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 04-6855905
Organization Overview
Schechter Foundation is located in Chestnut Hill, MA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Schechter 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 12/2022, Schechter Foundation generated $110.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.8% each year . All expenses for the organization totaled $21.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schechter Trustee | 0 | $0 | |
Gail Schechter Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $6,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,508 |
| Capital Gain Net Income | $104,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $21,429 |
| Total expenses and disbursements | $21,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850,504 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,837,380 |
| 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, Schechter Foundation has awarded $21,429 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
WIKIMEDIA PURPOSE: GENERAL SUPPORT | $120 |
ACLU PURPOSE: GENERAL SUPPORT | $600 |
JEWISH COMMUNITY RELATIONS COUNCIL PURPOSE: GENERAL SUPPORT | $750 |
JEWISH FAMILY AND CHILDRENS SERVICE PURPOSE: GENERAL SUPPORT | $15,000 |
DANA FARBER'S PMC PURPOSE: GENERAL SUPPORT | $370 |
PROPUBLICA PURPOSE: GENERAL SUPPORT | $280 |