Schultz-Hill Foundation
- Assets
- $734.4k
- Revenue
- $231.2k
- Investments
- $584.6k
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 65-1162522
Organization Overview
Schultz-Hill Foundation is located in Atlantic City, NJ. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Schultz-Hill 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, Schultz-Hill Foundation generated $231.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $163.1k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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 2016, Schultz-Hill Foundation has awarded 127 individual grants totaling $107,250. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hill President | 10 | $0 | |
Robert Johnson Treasurer | 2 | $0 | |
Joe Dougherty ESQ Director | 0.25 | $0 | |
Keith Hill Director | 0.25 | $0 | |
Kathleen Woodring Director | 0.25 | $0 | |
Howard Kyle Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $158,116 |
| Interest on Savings | $40 |
| 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 | $73,045 |
| Total Revenue | $231,201 |
| 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 | $10,625 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,733 |
| Other expenses | $124,405 |
| Total operating and administrative expenses | $143,113 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $163,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,821 |
| 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 | $2,000 |
| Total assets | $734,381 |
| Accounts payable and accrued expenses | $11,688 |
| 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 | $11,688 |
Grants Awarded
Over the last fiscal year, Schultz-Hill Foundation has awarded $20,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ACH - 48 BLOCKS SOCIETY PURPOSE: GRANT | $2,500 |
Absecon, NJ PURPOSE: GRANT | $2,500 |
Atlantic City, NJ PURPOSE: GRANT | $1,500 |
AC DAY NURSERY PURPOSE: GRANT | $1,500 |
AIDAN BRAND PURPOSE: SCHOLARSHIP | $1,500 |
CAIN L HUGHES PURPOSE: SCHOLARSHIP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Schultz-Hill Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Charles And Lynn Kramer Family Foundation Inc Hammonton, NJ PURPOSE: UNRESTRICTED | $2,500 |
Elizabeth B Ellis Foundation Trust Norristown, PA PURPOSE: GENERAL OPERATIONS | $1,500 |
Schwartz Foundation Mt Laurel, NJ PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |