Fredrick D And Karen G Schaufeld Family Foundation
- Assets
- $5.0m
- Revenue
- $1.3m
- Investments
- $3.6m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-1558417
Organization Overview
Fredrick D And Karen G Schaufeld Family Foundation is located in Greensboro, NC. The organization was established in 2015. 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. Fredrick D And Karen G Schaufeld Family 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 12/2021, Fredrick D And Karen G Schaufeld Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fredrick D And Karen G Schaufeld Family Foundation has awarded 349 individual grants totaling $32,579,499. 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 |
|---|---|---|---|
Fredrick D Schaufeld President | 2 | $0 | |
Karen G Schaufeld Secretary | 2 | $0 | |
Richard Schaufeld Treasurer | 2 | $0 | |
Cindy Schaufeld Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,264 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,225,564 |
| Capital Gain Net Income | $1,225,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $1,263,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $140,830 |
| Pension plans, employee benefits | $0 |
| Interest | $5,794 |
| Taxes | $85,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,085 |
| Printing and publications | $0 |
| Other expenses | $19,603 |
| Total operating and administrative expenses | $379,468 |
| Contributions, gifts, grants paid | $3,739,608 |
| Total expenses and disbursements | $4,119,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325,383 |
| Savings and temporary cash investments | $6,804 |
| 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 | $3,625,629 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,960,486 |
| 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, Fredrick D And Karen G Schaufeld Family Foundation has awarded $7,276,363 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALL AGES READ TOGETHER (AART) PURPOSE: SUPPORT FOR EDUCATION - SLTE SPONSORSHIP & PROGRAM SUPPORT | $43,693 |
CAPITAL HOSPICE PURPOSE: CAPITAL CARING GALA | $75,000 |
CHILDRENS HOSPITAL LOS ANGELES PURPOSE: GOFARR FUNFEST SPONSORSHIP | $15,000 |
COMM FOUNDATION FOR LOUDOUN & N FAUQUIER PURPOSE: SUPPORT FOR OPERATIONS AND PROGRAMS - LOUDOUN IMPACT FUND | $3,000 |
COMMUNITY FOUNDATION OF NORTHERN VIRGINIA PURPOSE: COMMUNITY GRANTS AND SCHOLARSHIPS | $1,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: SUPPORT FOR OPERATIONS AND RESEARCH | $5,000 |