Ed And Mary Schreck Foundation
- Assets
- $4.8m
- Revenue
- $397.1k
- Investments
- $4.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-5826317
Organization Overview
Ed And Mary Schreck Foundation is located in Chicago, IL. The organization was established in 2007. 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. Ed And Mary Schreck 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 12/2023, Ed And Mary Schreck Foundation generated $397.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $277.9k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 5 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 2020, Ed And Mary Schreck Foundation has awarded 45 individual grants totaling $940,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed President | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $154,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,984 |
| Capital Gain Net Income | $142,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $397,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $27,856 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $277,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,609 |
| Savings and temporary cash investments | $0 |
| 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 | $75,000 |
| Total assets | $4,794,581 |
| 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, Ed And Mary Schreck Foundation has awarded $250,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED NATIONS FOUNDATION PURPOSE: TO SUPPORT BEAT MALARIA (FORMERLY NOTHING BUT NETS) | $20,000 |
MISERICORDIA FAMILY ASSOCIATION PURPOSE: TO SUPPORT FUNDRAISING PROGRAMS FOR MISERICORDIA HOME | $15,000 |
UNITED WAY OF METRO CHICAGO PURPOSE: TO SUPPORT EDUCATION, INCOME, HEALTH AND NEIGHBORHOOD NETWORK PROGRAM | $20,000 |
AMERICAN CANCER SOCIETY PURPOSE: TO SUPPORT THE ILLINOIS ACS CARES PROGRAM | $15,000 |
MENTAL HEALTH AMERICA PURPOSE: MENTAL HEALTH PROGRAMS AND SERVICES | $40,000 |
NATIONAL MS SOCIETY PURPOSE: TO SUPPORT OPERATIONS FOR MS SOCIETY | $30,000 |