Dan & Gloria Schusterman Foundation
- Assets
- $1.3m
- Revenue
- $250.5k
- Investments
- $916.3k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 73-1495727
Organization Overview
Dan & Gloria Schusterman Foundation is located in Tulsa, OK. The organization was established in 1996. 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. Dan & Gloria Schusterman 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 12/2022, Dan & Gloria Schusterman Foundation generated $250.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $372.5k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $198,571 |
| Interest on Savings | $241 |
| Dividends & Interest | $19,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,073 |
| Capital Gain Net Income | $32,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133 |
| Total operating and administrative expenses | $22,517 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $372,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,648 |
| Savings and temporary cash investments | $270,000 |
| Net Accounts receivable | $72 |
| 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 | $1,331,030 |
| 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, Dan & Gloria Schusterman Foundation has awarded $350,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: ASSISTANCE | $270,900 |
AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHESTRA PURPOSE: ASSISTANCE | $29,100 |
AMERICAN FRIENDS OF TENUFA BEKEHILA PURPOSE: ASSISTANCE | $50,000 |