Charles T Schulze Foundation
- Assets
- $882.1k
- Revenue
- $26.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 02/2009
- Data as of
- 08/2023
- EIN
- 26-6696622
Organization Overview
Charles T Schulze Foundation is located in Farmingdale, NY. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles T Schulze 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 08/2023, Charles T Schulze Foundation generated $26.6k in total revenue. All expenses for the organization totaled $19.0k during the year ending 08/2023. While expenses have increased by 120.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles T Schulze Trustee | 0 | $0 | |
Theodore M Schulze Trustee | 0 | $0 | |
Oliver W Schulze Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,749 |
| Capital Gain Net Income | $27,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,705 |
| Total Revenue | $26,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $8,985 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $18,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $789,237 |
| 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 | $92,906 |
| Total assets | $882,144 |
| 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, Charles T Schulze Foundation has awarded $51,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOTCHKISS SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
BOYCE THOMPSON INSTITUTE PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
WING OF AMERICA-EARTH CIRCLE FOUNDA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
BERKSHIRE TACONIC COMMUNITY FOUNDAT PURPOSE: CHARITABLE CONTRIBUTION | $16,000 |
LUCY'S LOVE BUS PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
WORLD CONNECT PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |