Erich And Martha Schweigerfoundation Inc is located in Newport Beach, CA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erich And Martha Schweigerfoundation 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 12/2020, Erich And Martha Schweigerfoundation Inc generated $46.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $241.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE CELEBRITY FOUNDATION FOR CHILDREN-501C(3)ORGANIZATION
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $1,268 |
Dividends & Interest | $89,915 |
Profit on Inventory Sales | $0 |
Other Income | -$7,060 |
Total Revenue | $46,926 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $41,626 |
Contributions, gifts, grants paid | $200,000 |
Total expenses and disbursements | $241,626 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $79,246 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Other assets | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Over the last fiscal year, Erich And Martha Schweigerfoundation Inc has awarded $219,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Newport Beach, CA PURPOSE: CHARITY | $200,000 |
ST JUDE MEDICAL CENTER PURPOSE: CHARITY | $19,000 |
Organization Name | Assets | Revenue |
---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |