Salem D Shuchman & Barbara L Klock Foundation
- Assets
- $121.4k
- Revenue
- $241.9k
- Investments
- $90.4k
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 25-6747770
Organization Overview
Salem D Shuchman & Barbara L Klock Foundation is located in Garden City, NY. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Salem D Shuchman & Barbara L Klock 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 12/2022, Salem D Shuchman & Barbara L Klock Foundation generated $241.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $170.6k during the year ending 12/2022. While expenses have increased by 0.2% 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 2017, Salem D Shuchman & Barbara L Klock Foundation has awarded 85 individual grants totaling $1,003,192. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salem D Shuchman Co-Trustee | 2 | $0 | |
Barbara L Klock Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $239,802 |
| Interest on Savings | $0 |
| Dividends & Interest | $335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,795 |
| Capital Gain Net Income | $123,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,078 |
| Contributions, gifts, grants paid | $168,532 |
| Total expenses and disbursements | $170,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $6,073 |
| 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 | $121,447 |
| 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, Salem D Shuchman & Barbara L Klock Foundation has awarded $168,532 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CCSA FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
HUNGRY FOR MUSIC INC PURPOSE: GENERAL SUPPORT | $100 |
PIG IRON THEATRE COMPANY PURPOSE: GENERAL SUPPORT | $1,000 |
SMITH MEMORIAL PLAYGROUND & PLAYHOUSE PURPOSE: GENERAL SUPPORT | $1,500 |
SWARTHMORE COLLEGE PURPOSE: GENERAL SUPPORT | $55,000 |
TEMPLE BETHZION - BETH ISREAL PURPOSE: GENERAL SUPPORT | $5,932 |