Joseph J Schott Foundation
- Assets
- $10.0m
- Revenue
- $336.5k
- Investments
- $9.7m
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 12/1961
- Data as of
- 12/2022
- EIN
- 34-6513748
Organization Overview
Joseph J Schott Foundation is located in Mount Pleasant, SC. The organization was established in 1961. 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. Joseph J Schott 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 12/2022, Joseph J Schott Foundation generated $336.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $528.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph J Schott Foundation has awarded 293 individual grants totaling $3,549,188. 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 |
|---|---|---|---|
Elizabeth S Saal Vice President/treasurer | 10 | $36,000 | |
William Dunne Saal President | 10 | $36,000 | |
R Gregory Schott Secretary | 10 | $36,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Captrust | 12/30/22 | $48,218 |
Boyd Watterson | 12/30/22 | $1,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,006 |
| Dividends & Interest | $212,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $122,973 |
| Capital Gain Net Income | $122,973 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $336,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,241 |
| Total operating and administrative expenses | $160,970 |
| Contributions, gifts, grants paid | $367,000 |
| Total expenses and disbursements | $527,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,952 |
| Savings and temporary cash investments | $114,899 |
| 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 | $9,953,433 |
| 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, Joseph J Schott Foundation has awarded $367,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES PURPOSE: GENERAL OPERATING | $5,000 |
BLISS PURPOSE: GENERAL OPERATION | $2,500 |
BNY MELLON CHARITABLE GIFT FUND PURPOSE: GENERAL OPERATION | $2,500 |
CANCER ALLIANCE OF NAPLES PURPOSE: GENERAL OPERATION | $2,500 |
CAROLINA ART ASSOCIATION PURPOSE: GENERAL OPERATION | $11,000 |
CHERA PURPOSE: GENERAL OPERATION | $22,500 |