Schein Family Foundation
- Assets
- $448.2k
- Revenue
- $33.6k
- Investments
- $424.9k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 05-0514737
Organization Overview
Schein Family Foundation is located in Palm Beach Gardens, FL. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Schein Family 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 12/2023, Schein Family Foundation generated $33.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $61.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schein Family Foundation has awarded 194 individual grants totaling $292,502. 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 |
|---|---|---|---|
Harold I Schein Pres/tr/dir | 0 | $0 | |
Ellen R Schein Vp/sec/dir | 0 | $0 | |
Leslie J Schein Director | 0 | $0 | |
Philip D Schein Director | 0 | $0 | |
Michael Schein Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,325 |
| Dividends & Interest | $10,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,702 |
| Capital Gain Net Income | $20,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,314 |
| Contributions, gifts, grants paid | $58,900 |
| Total expenses and disbursements | $61,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,331 |
| 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 | $448,192 |
| 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, Schein Family Foundation has awarded $58,900 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BIKE NEWPORT PURPOSE: GENERAL USE | $1,500 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL USE | $3,700 |
CLASSICAL HS ALUMNI ASSOC PURPOSE: GENERAL USE | $500 |
FURRY FRIENDS PURPOSE: GENERAL USE | $1,000 |
HEBREW SENIOR LIFE PURPOSE: GENERAL USE | $5,000 |
FRIENDS OF CANONCHET FARM PURPOSE: GENERAL USE | $1,500 |