Hyman M Schwartz Charitable Foundation
- Assets
- $555.3k
- Revenue
- $36.0k
- Investments
- $541.3k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 02/2010
- Data as of
- 05/2022
- EIN
- 26-6438653
Organization Overview
Hyman M Schwartz Charitable Foundation is located in Detroit, MI. The organization was established in 2010. According to its NTEE Classification (T19) the organization is classified as: Support 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. Hyman M Schwartz Charitable 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 05/2022, Hyman M Schwartz Charitable Foundation generated $36.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $54.2k during the year ending 05/2022. While expenses have increased by 1.7% 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 2016, Hyman M Schwartz Charitable Foundation has awarded 30 individual grants totaling $204,085. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,409 |
| Capital Gain Net Income | $22,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $36,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,409 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $283 |
| Total operating and administrative expenses | $18,631 |
| Contributions, gifts, grants paid | $35,570 |
| Total expenses and disbursements | $54,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,001 |
| 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 | $555,258 |
| 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, Hyman M Schwartz Charitable Foundation has awarded $35,570 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH PURPOSE: DAILY OPERATIONAL SUPPORT | $7,114 |
JEWISH FAMILY SERVICES OF SD CO PURPOSE: DAILY OPERATIONAL SUPPORT | $7,114 |
San Diego, CA PURPOSE: DAILY OPERATIONAL SUPPORT | $7,114 |
Erlanger, KY PURPOSE: DAILY OPERATIONAL SUPPORT | $7,114 |
UNITED JEWISH FED OF SD COUNTY PURPOSE: DAILY OPERATIONAL SUPPORT | $7,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Weiser Family Foundation Ann Arbor, MI | $11,876,991 | $9,009,221 |
Tr Uw Otto Luedeking Cincinnati, OH | $12,193,885 | $1,246,255 |
Otto B Schoepfle Charitable Trust 4749 Columbus, OH | $4,261,232 | $304,580 |
Russell Family Foundation Detroit, MI | $6,643,849 | $196,791 |
St Thomas Aquinas Foundation Inc Cincinnati, OH | $418,091 | $247,916 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Community Impact Partners Traverse City, MI | $19,279 | $0 |
Kidney Foundation Of Ohio Real Estate Foundation Cleveland, OH | $356,228 | $61,253 |
Ternet Fam Foundation Tr Evansville, IN | $2,062,998 | $94,873 |
Hyman M Schwartz Charitable Foundation Detroit, MI | $555,258 | $36,001 |