Sylvia & Robert Scher Charitable Foundation
- Assets
- $3.2m
- Revenue
- $584.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 02/1998
- Data as of
- 09/2022
- EIN
- 13-3972066
Organization Overview
Sylvia & Robert Scher Charitable Foundation is located in New Rochelle, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sylvia & Robert Scher Charitable 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 09/2022, Sylvia & Robert Scher Charitable Foundation generated $584.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $695.0k during the year ending 09/2022. While expenses have increased by 28.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sylvia & Robert Scher Charitable Foundation has awarded 411 individual grants totaling $805,850. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avi Gelboim Trustee | 8 | $40,000 | |
Ricky Gelboim Trustee | 3 | $0 | |
Ellen Gelboim Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,333 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,185 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $469,868 |
| Total Revenue | $584,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $533,647 |
| Total operating and administrative expenses | $582,156 |
| Contributions, gifts, grants paid | $112,830 |
| Total expenses and disbursements | $694,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,378 |
| 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 | $2,449,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,169,112 |
| Accounts payable and accrued expenses | $40,000 |
| 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 | $40,000 |
Grants Awarded
Over the last fiscal year, Sylvia & Robert Scher Charitable Foundation has awarded $112,830 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
UJA-FEDERATION OF NEW YORK PURPOSE: UNRESTRICTED USE | $18,000 |
White Plains, NY PURPOSE: UNRESTRICTED USE | $10,000 |
BETH EL SYNAGOGUE CENTER PURPOSE: UNRESTRICTED USE | $7,500 |
New York, NY PURPOSE: UNRESTRICTED USE | $3,600 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: UNRESTRICTED USE | $3,600 |
New York, NY PURPOSE: UNRESTRICTED USE | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |