Mitchell & Louis Shulman Charitable Tr
- Assets
- $15.2k
- Revenue
- $90.8k
- Investments
- $3.6k
- Employees
- 0
- Location
- Fayetteville, NY
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 16-6549808
Organization Overview
Mitchell & Louis Shulman Charitable Tr is located in Fayetteville, NY. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mitchell & Louis Shulman Charitable Tr 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, Mitchell & Louis Shulman Charitable Tr generated $90.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $442.5k during the year ending 12/2022. While expenses have increased by 37.6% 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 2016, Mitchell & Louis Shulman Charitable Tr has awarded 60 individual grants totaling $739,789. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $3,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,198 |
| Capital Gain Net Income | $87,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $639 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17 |
| Taxes | $486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $6,122 |
| Contributions, gifts, grants paid | $436,423 |
| Total expenses and disbursements | $442,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,600 |
| 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 | $3,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,161 |
| 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, Mitchell & Louis Shulman Charitable Tr has awarded $436,423 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EMPOWER PARKINSON INC PURPOSE: CLASS OF 1966 SCHOLARSHIP FUND | $10,000 |
BROOKLYN YOUTH SPORTS CLUB PURPOSE: GENERAL FUND | $10,000 |
JEWISH COMMUNITY CENTER PURPOSE: GENERAL FUND | $10,000 |
MAKE-A-WISH FOUNDATION PURPOSE: GENERAL FUND | $15,000 |
THE OSTEOGENESIS IMPERFECTA FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
TEMPLE ADATH YESHURUN PURPOSE: GENERAL FUND; CANTOR'S DISCRETIONARY FUND | $6,000 |