Robert And Mimi Schwartz Foundation Inc
- Assets
- $597.6k
- Revenue
- -$2.9k
- Investments
- $575.7k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- Data as of
- 12/2022
- EIN
- 37-1955784
Organization Overview
Robert And Mimi Schwartz Foundation Inc is located in Bethesda, MD. 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. Robert And Mimi Schwartz 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Schwartz Officer | 2 | $0 | |
Mimi E Schwartz Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $377 |
| Interest on Savings | $53 |
| Dividends & Interest | $12,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,455 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,540 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $37,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,553 |
| Net Accounts receivable | $287 |
| 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 | $575,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $597,570 |
| 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, Robert And Mimi Schwartz Foundation Inc has awarded $36,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS NATIONAL HOSPITAL FOUNDATION PURPOSE: DIABETES TRANSFORMATION CARE MODEL INITIATIVE FUND | $4,000 |
JUVENILE DIABETES RESEARCH FUND PURPOSE: TYPE 1 DIABETES RESEARCH. | $30,000 |
LAWRENCEVILLE FUND PURPOSE: EDUCTIONAL INICIATIVES- FINANCIAL AID, ACADEMIC NEEDS, AND CO-CURRICULAR PROGRAMS | $500 |
UNC-KENAN FLAGLER BUSINESS SCHOOL FOUNDATION PURPOSE: 100 WOMEN INITIATIVE & ENTREPRENEURSHIP CENTER | $2,000 |