Aaron J Schurman Charitable Foundation
- Assets
- $847.7k
- Revenue
- $395.8k
- Investments
- $837.3k
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-0961651
Organization Overview
Aaron J Schurman Charitable Foundation is located in Cedar Falls, IA. The organization was established in 2016. 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. Aaron J Schurman Charitable 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, Aaron J Schurman Charitable Foundation generated $395.8k in total revenue. All expenses for the organization totaled $45.6k during the year ending 12/2021. While expenses have increased by 37.0% per year over the past 2 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 | $36,253 |
| Interest on Savings | $12 |
| Dividends & Interest | $24,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,487 |
| Capital Gain Net Income | $335,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $395,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,933 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,571 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $45,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,367 |
| 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 | $0 |
| Total assets | $847,711 |
| 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 | $5,502 |
| Total liabilities | $5,502 |
Grants Awarded
Over the last fiscal year, Aaron J Schurman Charitable Foundation has awarded $36,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRAIRIE LAKES CHURCH PURPOSE: RELIGIOUS ACTIVITIES | $18,000 |
DON'T KISS THE BABIES PURPOSE: EDUCATE PARENTS ON VIRAL INFECTIONS IN INFANTS | $5,000 |
RONALD MCDONALD HOUSE PURPOSE: PROVIDE SHELTER FOR PARENTS WITH SICK CHILDREN | $8,000 |
STORYLINE PURPOSE: ENCOURAGE READING FOR CHILDREN | $5,000 |