Alfred And Anita Schnog Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $9.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1202714
Organization Overview
Alfred And Anita Schnog Family Foundation Inc is located in Wilmington, NC. The organization was established in 2008. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfred And Anita Schnog 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 12/2021, Alfred And Anita Schnog Family Foundation Inc generated $9.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $54.5k during the year ending 12/2021. While expenses have increased by 12.2% 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 2015, Alfred And Anita Schnog Family Foundation Inc has awarded 54 individual grants totaling $178,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,395 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,126 |
| Capital Gain Net Income | $1,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,129 |
| Total operating and administrative expenses | $2,470 |
| Contributions, gifts, grants paid | $52,000 |
| Total expenses and disbursements | $54,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100 |
| 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 | $1,275,585 |
| 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 | $47,000 |
| Total liabilities | $47,000 |
Grants Awarded
Over the last fiscal year, Alfred And Anita Schnog Family Foundation Inc has awarded $52,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NCCAT DEVELOPMENT FOUNDATION PURPOSE: GENERAL GRANT | $15,000 |
UNC GREENSBORO COMMUNICATIONS PURPOSE: GENERAL GRANT | $11,000 |
Greensboro, NC PURPOSE: GENERAL GRANT | $10,000 |
US HOLOCAUST MEMORIAL PURPOSE: GENERAL GRANT | $5,000 |
GIZELLA ABRAMSON CENTER PURPOSE: GENERAL GRANT | $2,500 |
UNIVERSITY OF NORTH CAROLINA WILM PURPOSE: GENERAL GRANT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Chesterfield Cultural Arts Foundation Chester, VA | $1,189,257 | $621,062 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |
Stowers Machinery Foundation Inc Knoxville, TN | $390,579 | $1,623,317 |