Schoeneckers Foundation
- Assets
- $145.3m
- Revenue
- $7.5m
- Investments
- $120.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1980
- Data as of
- 09/2022
- EIN
- 41-1369001
Organization Overview
Schoeneckers Foundation is located in Minneapolis, MN. The organization was established in 1980. 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. Schoeneckers 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 09/2022, Schoeneckers Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $13.4m during the year ending 09/2022. 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 |
|---|---|---|---|
Lawrence Schoenecker President | 0 | $0 | |
David Schoenecker Director | 0 | $0 | |
Lisa Anderson Director | 0 | $0 | |
Robert Schoenecker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,043,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,320 |
| Capital Gain Net Income | $101,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $396,158 |
| Total Revenue | $7,540,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $142,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $715,695 |
| Total operating and administrative expenses | $863,723 |
| Contributions, gifts, grants paid | $12,500,000 |
| Total expenses and disbursements | $13,363,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,216 |
| Savings and temporary cash investments | $10,691,168 |
| 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 | $13,912,086 |
| 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 | $145,295,949 |
| 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, Schoeneckers Foundation has awarded $12,500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ST THOMAS PURPOSE: TO PROVIDE FUNDS FOR OPERATIONS | $10,000,000 |
COLLEGE OF ST BENEDICTS PURPOSE: TO PROVIDE FUNDS FOR OPERATIONS | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
Kiewit Companies Foundation Milwaukee, WI | $1,050,332 | $23,001,672 |
Target Foundation Minneapolis, MN | $85,335,634 | $55,020,175 |
Wem Foundation Minneapolis, MN | $121,487,044 | $26,370,141 |