Schoen Foundation
- Assets
- $27.4m
- Revenue
- $3.3m
- Investments
- $26.8m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 65-0379356
Organization Overview
Schoen Foundation is located in Naples, FL. The organization was established in 1993. 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. Schoen 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 12/2023, Schoen Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $5.0m during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES ARE LIMITED TO THE SUPPORT OF OTHER 501(C)(3) NON-PRIVATE FOUNDATION ENTITIES. IN 2021 THE ORGANIZATION PROVIDED SUCH ASSISTANCE TO 41 CHARITIES. (SEE ATTACHED EXH.)
CHARITABLE ACTIVITIES ARE LIMITED TO THE SUPPORT OF OTHER 501(C)(3) NON-PRIVATE FOUNDATION ENTITIES. IN 2021 THE ORGANIZATION PROVIDED SUCH ASSISTANCE TO 41 CHARITIES. (SEE ATTACHED EXH.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Schoen Deceased 10282023 Chairman | 25 | $0 | |
Sharon A Schoen President/trustee | 4 | $0 | |
Kathryn L Schoen Vp/trustee | 4 | $0 | |
William J Schoen Jr Vp/trustee | 3 | $0 | |
Kristine L Pollard Secr/trustee | 4 | $0 | |
Karen Asutton Chairman/treas/trustee | 40 | $127,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,269,353 |
| Interest on Savings | $2,676 |
| Dividends & Interest | $1,342,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $619,286 |
| Capital Gain Net Income | $619,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69,258 |
| Total Revenue | $3,303,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $341,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,032 |
| Depreciation | $1,500 |
| Occupancy | $83,983 |
| Travel, conferences, and meetings | $3,825 |
| Printing and publications | $0 |
| Other expenses | $58,823 |
| Total operating and administrative expenses | $573,503 |
| Contributions, gifts, grants paid | $4,458,700 |
| Total expenses and disbursements | $5,032,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,604 |
| 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 | $28,500 |
| Other assets | $145,754 |
| Total assets | $27,422,876 |
| 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 |