Leopold Schepp Foundation
- Assets
- $11.5m
- Revenue
- $1.1m
- Investments
- $10.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 02/2023
- EIN
- 13-5562353
Organization Overview
Leopold Schepp Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Leopold Schepp 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 02/2023, Leopold Schepp Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.3m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leopold Schepp Foundation has awarded 319 individual grants totaling $2,297,975. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL ASSISTANCE TO DESERVING INDIVIDUALS SEEKING UNDERGRADUATE AND GRADUATE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mclendon President | 1.25 | $0 | |
William L D Barrett Vice President | 1.25 | $0 | |
Kathryn Cashman Vice President | 1.25 | $0 | |
James G Turino Chairman Finance Committee | 1.25 | $0 | |
Frank C Poli Treasurer | 1 | $0 | |
Susan Brenner Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $542,563 |
| Interest on Savings | $253 |
| Dividends & Interest | $299,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $251,946 |
| Capital Gain Net Income | $251,946 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,094,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,166 |
| Other employee salaries and wages | $189,092 |
| Pension plans, employee benefits | $97,216 |
| Interest | $0 |
| Taxes | $27,031 |
| Depreciation | $566 |
| Occupancy | $151,844 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,328 |
| Total operating and administrative expenses | $791,244 |
| Contributions, gifts, grants paid | $499,000 |
| Total expenses and disbursements | $1,290,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,651 |
| Savings and temporary cash investments | $79,426 |
| 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 | $65,746 |
| Net Investments - land, buildings, equipment | $1,327 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,203,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $742,198 |
| Total assets | $11,546,264 |
| Accounts payable and accrued expenses | $1,136 |
| 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 | $897,638 |
| Total liabilities | $898,774 |
Grants Awarded
Over the last fiscal year, Leopold Schepp Foundation has awarded $499,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRA NORTHRUP PURPOSE: SCHOLARSHIP | $2,500 |
ABBIE BOWMAN PURPOSE: SCHOLARSHIP | $8,000 |
ALYSSA GRZESIAK PURPOSE: SCHOLARSHIP | $7,500 |
ALEXANDRA BOLLELLA PURPOSE: SCHOLARSHIP | $4,000 |
ANNA JOB PURPOSE: SCHOLARSHIP | $8,000 |
ASHLEY KAHEN PURPOSE: SCHOLARSHIP | $9,000 |