Eugene J Eder Charitable Foundation Inc
- Assets
- $53.2m
- Revenue
- $3.2m
- Investments
- $26.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 39-1870043
Organization Overview
Eugene J Eder Charitable Foundation Inc is located in Milwaukee, WI. 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. Eugene J Eder Charitable 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.
For the year ending 12/2022, Eugene J Eder Charitable Foundation Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eugene J Eder Charitable Foundation Inc has awarded 94 individual grants totaling $9,554,562. 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 |
|---|---|---|---|
Faye Korobkin Vice President & Director | 12 | $48,000 | |
Allan J Carneol President & Director | 30 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $259,245 |
| Dividends & Interest | $1,275,595 |
| Net Rental Income | $977,831 |
| Net Gain on Sale of Assets | $270,593 |
| Capital Gain Net Income | $270,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,168,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $288,000 |
| Other employee salaries and wages | $2,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80,915 |
| Depreciation | $248,802 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280,266 |
| Total operating and administrative expenses | $900,483 |
| Contributions, gifts, grants paid | $3,411,600 |
| Total expenses and disbursements | $4,312,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,817,725 |
| 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 | $15,268,820 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $8,061,735 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,250,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,193,325 |
| 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, Eugene J Eder Charitable Foundation Inc has awarded $3,411,600 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF BEIT RUTH PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $30,000 |
AMERICAN SUPPORT FOR ISRAEL PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $55,000 |
BIG BROTHERS BIG SISTERS PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $15,000 |
BETTY BRINN MUSEUM PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $20,000 |
B'NAI B'RITH YOUTH ORGANIZATION PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $10,000 |
CHILDREN'S OUTING ASSOCIATION PURPOSE: TO PROMOTE COMMUNITY WELL BEING | $5,000 |