Fred E Scholl Charitable Foundation
- Assets
- $0.0
- Revenue
- $8.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/1997
- Data as of
- 07/2021
- EIN
- 31-1520141
Organization Overview
Fred E Scholl Charitable Foundation is located in Cleveland, OH. The organization was established in 1997. 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. Fred E Scholl 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 07/2021, Fred E Scholl Charitable Foundation generated $8.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.7%) each year. All expenses for the organization totaled $4.5m during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred E Scholl Charitable Foundation has awarded 31 individual grants totaling $4,487,400. 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 |
|---|---|---|---|
Bernard L Karr President | 2 | $5,062 | |
Thomas F Kirchendorfer Vice President | 2 | $4,219 | |
Jeffery P Consolo Treasurer | 2 | $4,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,097 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,859 |
| Total operating and administrative expenses | $145,225 |
| Contributions, gifts, grants paid | $4,318,000 |
| Total expenses and disbursements | $4,463,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Fred E Scholl Charitable Foundation has awarded $4,318,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: GENERAL | $2,500 |
BOWLING GREEN STATE UNIVERSITY (KNIGHT) PURPOSE: GENERAL | $250,000 |
BOYS & GIRLS CLUB OF CLEVELAND PURPOSE: GENERAL | $1,700,000 |
BOYS & GIRLS CLUB OF CLEVELAND (SCHOLARSHIPS) PURPOSE: SCHOLARSHIPS | $50,000 |
JOSEPH HOUSE OF CLEVELAND PURPOSE: GENERAL | $1,000 |
CLEVELAND FOUNDATION FOR COLLEGE NOW PURPOSE: GENERAL | $2,000,000 |