Schlager Family Foundation Inc
- Assets
- $433.4k
- Revenue
- $155.5k
- Investments
- $91.6k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2006
- Data as of
- 06/2024
- EIN
- 20-4002983
Organization Overview
Schlager Family Foundation Inc is located in Boston, MA. The organization was established in 2006. 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. Schlager Family 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 06/2024, Schlager Family Foundation Inc generated $155.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $6.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (40.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schlager Family Foundation Inc has awarded 15 individual grants totaling $2,476,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric D Schlager President And Director | 1 | $0 | |
Robert A Schlager Treasurer And Director | 1 | $0 | |
S Lawrence Schlager Clerk And Director | 1 | $0 | |
Judith P Schlager Asst. Clerk And Director | 1 | $0 | |
Joan Schlager Weinsten Asst. Clerk And Director | 1 | $0 | |
Susan C Skelley Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $509 |
| Dividends & Interest | $2,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,296 |
| Capital Gain Net Income | $2,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53 |
| Total operating and administrative expenses | $6,842 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,255 |
| Savings and temporary cash investments | $178,546 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $433,407 |
| 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, Schlager Family Foundation Inc has awarded $471,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: $1,000 IN SUPPORT OF THE PRESIDENT'S FUND | $1,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: $450,000 PLEDGE PAYMENT TO THE HALE BUILDING FOR TRANSFORMATIVE MEDICINE. | $450,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: SUPPORT THE JUDITH P. SCHLAGER LECTURESHIP ENDOWMENT AT DANA-FARBER CANCER INSTITUTE | $5,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: FOR THE SCHOOL OF ARTS AND SCIENCES ANNUAL GIVING FUND. | $5,000 |
MORSELIFE FOUNDATION PURPOSE: 2019 MORSELIFE ANNUAL GIVING SOCIETY | $10,000 |