Leopold Schepp Foundation
- Assets
- $12.3m
- Revenue
- $1.9m
- Investments
- $11.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 02/2022
- 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 02/2022, Leopold Schepp Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.2m during the year ending 02/2022. While expenses have increased by 6.9% per year over the past 6 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 2016, Leopold Schepp Foundation has awarded 348 individual grants totaling $2,477,875. 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
2022
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 |
|---|---|---|---|
Suzanneclair Guard Executive Director | 40 | $220,506 | |
Kathleen Smith Executive Secretary | 40 | $94,125 | |
Leslie Warren Lin Dir Of Development | 40 | $93,553 | |
Kathryn Cashman Vice President | 1.25 | $0 | |
Mr Martin Tandler Trustee | 1 | $0 | |
Dean Lewallen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $649,908 |
| Interest on Savings | $1 |
| Dividends & Interest | $423,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $803,608 |
| Capital Gain Net Income | $803,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,877,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,170 |
| Other employee salaries and wages | $188,466 |
| Pension plans, employee benefits | $91,738 |
| Interest | $0 |
| Taxes | $41,690 |
| Depreciation | $566 |
| Occupancy | $152,140 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,304 |
| Total operating and administrative expenses | $786,881 |
| Contributions, gifts, grants paid | $399,275 |
| Total expenses and disbursements | $1,186,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,641 |
| Savings and temporary cash investments | $109,456 |
| 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 | $111,420 |
| Net Investments - land, buildings, equipment | $1,893 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,196,814 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,292,702 |
| Accounts payable and accrued expenses | $10,248 |
| 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 | $173,972 |
| Total liabilities | $184,220 |
Grants Awarded
Over the last fiscal year, Leopold Schepp Foundation has awarded $395,025 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
FRANCIS URROZ PURPOSE: SCHOLARSHIP | $9,000 |
MIKE BERRIOS PURPOSE: SCHOLARSHIP | $9,000 |
YHAN EMID COLON IBAN PURPOSE: SCHOLARSHIP | $9,000 |
DEBOSMITA PATHAK PURPOSE: SCHOLARSHIP | $9,000 |
JESSICA LIENESCH PURPOSE: SCHOLARSHIP | $9,000 |
KEVIN TYAN PURPOSE: SCHOLARSHIP | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Leopold Schepp Foundation has recieved totaling $44,850.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $17,850 |
Herbert And Patricia Lessow Charitable Foundation New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Ives Family Charitable Trust Boston, MA PURPOSE: GENERAL PURPOSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |