Lewis G Schaeneman Jr Foundation
- Assets
- $6.1m
- Revenue
- $271.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 06-1390923
Organization Overview
Lewis G Schaeneman Jr Foundation is located in Hamden, CT. The organization was established in 1995. 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. Lewis G Schaeneman Jr 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, Lewis G Schaeneman Jr Foundation generated $271.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $440.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lewis G Schaeneman Jr Foundation has awarded 111 individual grants totaling $880,024. 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 |
|---|---|---|---|
Laura Burrows Director | 15 | $41,000 | |
William S Colwell Director/secretary | 5 | $0 | |
Lewis G Schaeneman III Director/president | 15 | $52,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $208,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,602 |
| Capital Gain Net Income | $59,602 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,332 |
| Total Revenue | $271,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,290 |
| Interest | $0 |
| Taxes | $16,184 |
| Depreciation | $1,455 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $191 |
| Printing and publications | $0 |
| Other expenses | $2,969 |
| Total operating and administrative expenses | $164,972 |
| Contributions, gifts, grants paid | $275,010 |
| Total expenses and disbursements | $439,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,051 |
| Savings and temporary cash investments | $183,812 |
| 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 | $2,157,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,975 |
| Total assets | $6,108,177 |
| 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, Lewis G Schaeneman Jr Foundation has awarded $275,010 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERSBIG SISTERS OF VIRGINIA PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $6,000 |
BLUE RIDGE AREA FOOD BANK NETWORK PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $10,000 |
CASA PIEDMONT PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $7,200 |
CLIFFORD W BEERS CLINIC PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $10,000 |
COLGATE UNIVERSITY PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $3,500 |
COMMUNITY SOUP KITCHEN PURPOSE: TO FURTHER THE EXEMPT WORKS OF THE RECIPIENT | $3,000 |