Schwab-Rosenhouse Memorial Foundation
- Assets
- $5.9m
- Revenue
- $374.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 68-6136241
Organization Overview
Schwab-Rosenhouse Memorial Foundation is located in Sacramento, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schwab-Rosenhouse Memorial 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, Schwab-Rosenhouse Memorial Foundation generated $374.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $414.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schwab-Rosenhouse Memorial Foundation has awarded 1,582 individual grants totaling $2,933,729. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sac Reg Comm Fdn - See Note Trustee | 1 | $77,910 | |
Dr Marvin Kamras Dist. Trustee | 0.4 | $0 | |
Julie Small Dist. Trustee | 0.4 | $0 | |
Frank Gumpert Dist. Trustee | 0.4 | $0 | |
Rabbi Bess Wohlner Dist. Trustee | 0.4 | $0 | |
Gayle Govenar Dist. Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,599 |
| Capital Gain Net Income | $214,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $374,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,910 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,237 |
| Total operating and administrative expenses | $128,786 |
| Contributions, gifts, grants paid | $285,666 |
| Total expenses and disbursements | $414,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,252 |
| Savings and temporary cash investments | $59,838 |
| 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 | $109,784 |
| Total assets | $5,875,484 |
| 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 | $3,255 |
| Total liabilities | $3,255 |
Grants Awarded
Over the last fiscal year, Schwab-Rosenhouse Memorial Foundation has awarded $285,666 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
IEVGEN AGAPOV PURPOSE: COLLEGE SCHOLARSHIP | $1,250 |
MAXWELL AHLQUIST PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
AHNDIYA KIBURI PURPOSE: COLLEGE SCHOLARSHIP | $1,250 |
ALEXANDER MATHIESEN PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
ANDREA MENDOZA PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
BENJAMIN NGUYEN PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |