Maxine R & Jack S Schiffman Family Foundation Inc
- Assets
- $954.6k
- Revenue
- $120.7k
- Investments
- $795.1k
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 58-2225680
Organization Overview
Maxine R & Jack S Schiffman Family Foundation Inc is located in Columbus, GA. The organization was established in 1996. 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. Maxine R & Jack S Schiffman Family 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, Maxine R & Jack S Schiffman Family Foundation Inc generated $120.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $115.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maxine R & Jack S Schiffman Family Foundation Inc has awarded 168 individual grants totaling $1,179,064. 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 |
|---|---|---|---|
Maxine R Schiffman Chairman Of The Board | 5 | $0 | |
Mary Beth Schiffman President/treasurer | 1 | $0 | |
Robert M Schiffman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,539 |
| Capital Gain Net Income | $94,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18 |
| Taxes | $3,998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,239 |
| Total operating and administrative expenses | $13,905 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $115,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,476 |
| Savings and temporary cash investments | $135,000 |
| 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 | $954,581 |
| 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, Maxine R & Jack S Schiffman Family Foundation Inc has awarded $102,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSN OF GEORGIA PURPOSE: GENERAL OPERATIONS | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATIONS | $5,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL OPERATIONS | $5,000 |
CHILDREN'S HEALTHCARE OF ATLANTA PURPOSE: GENERAL OPERATIONS | $10,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL OPERATIONS | $5,000 |
COLUMBUS HOSPICE PURPOSE: GENERAL OPERATIONS | $5,000 |