Charles & Mildred Schnurmacher Foundation Inc
- Assets
- $11.6m
- Revenue
- $406.2k
- Investments
- $11.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1978
- Data as of
- 12/2022
- EIN
- 13-2937218
Organization Overview
Charles & Mildred Schnurmacher Foundation Inc is located in New York, NY. The organization was established in 1978. 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. Charles & Mildred Schnurmacher Foundation Inc 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, Charles & Mildred Schnurmacher Foundation Inc generated $406.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $851.7k 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 |
|---|---|---|---|
Peter Weinstein President | 40 | $69,560 | |
Barbara Packer Director | 40 | $38,110 | |
Heidi Eskenazi Treasurer | 40 | $95,000 | |
Sharon Weinstein Vice President | 40 | $26,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96,363 |
| Dividends & Interest | $224,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,386 |
| Capital Gain Net Income | $85,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $406,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,337 |
| Other employee salaries and wages | $37,318 |
| Pension plans, employee benefits | $37,170 |
| Interest | $0 |
| Taxes | $23,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,200 |
| Total operating and administrative expenses | $396,960 |
| Contributions, gifts, grants paid | $454,728 |
| Total expenses and disbursements | $851,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $210,466 |
| 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 | $302,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,587,129 |
| 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 | $3,267 |
| Total liabilities | $3,267 |