Otto Schroedel Foundation
- Assets
- $5.1k
- Revenue
- $950.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reisterstown, MD
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 52-1252325
Organization Overview
Otto Schroedel Foundation is located in Reisterstown, MD. The organization was established in 0000. 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.
For the year ending 12/2021, Otto Schroedel Foundation generated $950.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $567.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (56.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL RESEARCH IS IN HOUSE & IS CONDUCTED AT ST AGNES HOSPITAL. THE HOSPITAL PROVIDES FACITLITIES & PERSONNEL TO COMPLETE VARIOUS CARDIAC BASED RESEARCH. THE PURPOSE IS TO ENCOURAGE YOUNG MEDICAL PROFESSIONALS TO BECOME INVOLVED IN RESEARCH.
#1 CONT'D: RESEARCH FINDINGS ARE PUBLISHED IN PROFESSIONAL JOURNALS & PRESENTED AT CONFERENCES & MEETINGS. EDUCATIONAL DVD'S RELATING TO CARDIAC RESEARCH ARE ALSO PRODUCED & DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald E Gillilan President Director | 2 | $0 | |
Richard Gillilan V.P. Director | 0.5 | $0 | |
Jeffrey Runbaugh Treasurer Director | 0.2 | $0 | |
Janet Borison Secretary Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $950 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $567 |
| Total operating and administrative expenses | $567 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,142 |
| Savings and temporary cash investments | $0 |
| 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 | $5,142 |
| 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 |
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