A I And Manet Schepps Foundation Inc
- Assets
- $6.3m
- Revenue
- $85.9k
- Investments
- $6.1m
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- 10/1962
- Data as of
- 12/2023
- EIN
- 74-6050262
Organization Overview
A I And Manet Schepps Foundation Inc is located in Bellaire, TX. The organization was established in 1962. 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. A I And Manet Schepps 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 12/2023, A I And Manet Schepps Foundation Inc generated $85.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $440.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, A I And Manet Schepps Foundation Inc has awarded 316 individual grants totaling $1,811,533. 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 |
|---|---|---|---|
Nancy S Brand President | 35 | $120,900 | |
Gilda Sprung Director | 2 | $1,000 | |
Jennifer Stockel Director | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $160,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,453 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,841 |
| Printing and publications | $458 |
| Other expenses | $10,443 |
| Total operating and administrative expenses | $251,357 |
| Contributions, gifts, grants paid | $188,865 |
| Total expenses and disbursements | $440,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,652 |
| 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 | $15,398 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,146,761 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,214 |
| Total assets | $6,283,025 |
| 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 | $16,644 |
| Total liabilities | $16,644 |
Grants Awarded
Over the last fiscal year, A I And Manet Schepps Foundation Inc has awarded $188,865 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH YESHURUN PURPOSE: UNRESTRICTED OPERATING FUNDS | $11,023 |
BELLAIRE POLICE FIRE FOUNDATION PURPOSE: UNRESTRICTED OPERATING FUNDS | $500 |
EPISCOPAL HIGH SCHOOL PURPOSE: UNRESTRICTED OPERATING FUNDS | $500 |
CONGREGATION B'NAI ISRAEL PURPOSE: UNRESTRICTED OPERATING FUNDS | $3,205 |
HOLOCAUST MUSEUM HOUSTON PURPOSE: UNRESTRICTED OPERATING FUNDS | $6,075 |
HOUSTON FOOD BANK PURPOSE: UNRESTRICTED OPERATING FUNDS | $3,500 |