Schuster Foundation
- Assets
- $2.6m
- Revenue
- $777.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 82-3526555
Organization Overview
Schuster Foundation is located in Owings Mills, MD. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schuster 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, Schuster Foundation generated $777.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $951.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED HOUSEHOLDS IN THE GREATER BALTIMORE REGION. THIS INCLUDES EDUCATIONAL TUITION ASSISTANCE, EQUESTRIAN LESSONS, WOODSHOP AND CRAFT ACTIVITIES AND A SUMMER DAY CAMP ON MARYLAND'S EASTERN SHORE. DURING 2022, 2 CHILDREN RECEIVED TUITION ASSISTANCE. ADDITIONALLY, 421 COATS WERE PURCHASED FOR LOW-INCOME CHILDREN AND 1,600 EQUESTRIAN RIDING AND GROOMING LESSONS WERE PROVIDED TO APPROXIMATELY 210 CHILDREN. WOODSHOP AND CRAFTS HAD ABOUT 42 LESSONS OVER THE YEAR PROVIDING LESSOPNS TO ABOUT 12 TO 16 CHILDREN. APPROXIMATELY 60 CHILDREN PARTICIPATED IN THE SUMMER DAY CAMP.
THE FOUNDATION PROVIDED THREE LOW-INCOME DISABLED PERSONS WITH ASSISTANCE. THE ASSISTANCE WAS STRUCTURE BASED ON THEIR NEEDS. ALL THESE FUNDS WERE USED TO ALLEVIATE SOME OF THE DISABLED PERSONS FROM THEIR BURDENS.
THE FOUNDATION'S DISASTER AID PROGRAM PROVIDED 11 FAMILIES WITH EMERGENCY FUNDING. THE PROGRAM PROVIDED FUNDS FOR RENT ASSISTANCE AND GIFT CARDS FOR GROCERY STORES AS WELL AS OTHER NEEDS SINCE MANY LOW-INCOME PEOPLE EITHER LOST THEIR JOBS OR HAD A REDUCTION IN INCOME OR DEALING WITH A MEDICAL EMERGENCY. ADDITIONALLY,THE FOUNDATION HAS BEEN PROVIDING 40 WARM FRESH MEALS FOUR TIMES PER WEEK TO LOW- INCOME FAMILIES TOTALING APPROXIMATELY 8,300 WARM MEALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel G Schuster Trustee | 10 | $0 | |
Samuel G Schuster Trustee | 0 | $0 | |
Danielle L Devilbiss Trustee | 0 | $0 | |
Lorraine L Burns Trustee | 0 | $0 | |
Jean K Schuster Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B&d Builders Llc | 12/30/18 | $465,979 |
Randy Bush Electrical Services | 12/30/18 | $87,690 |
Aaron Beiler | 12/30/18 | $303,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $755,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,396 |
| 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 | $0 |
| Total Revenue | $777,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $80,700 |
| Pension plans, employee benefits | $7,983 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $112,302 |
| Occupancy | $60,170 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $661,659 |
| Total operating and administrative expenses | $951,545 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $951,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068,695 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,283 |
| 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 | $1,499,935 |
| Other assets | $0 |
| Total assets | $2,576,913 |
| Accounts payable and accrued expenses | $21,891 |
| 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 | $4,980 |
| Total liabilities | $26,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Schuster Foundation has recieved totaling $3,750.
| Awarding Organization | Amount |
|---|---|
Lancelotta Foundation Inc Ellicott City, MD PURPOSE: GENERAL SUPPORT | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Fund Inc Washington, DC | $93,636,268 | $59,747,292 |
Interchurch Medical Assistance Inc Washington, DC | $35,417,903 | $56,104,166 |
Mag America Inc Washington, DC | $11,970,594 | $53,429,692 |
Friends Of The World Food Program Inc Washington, DC | $25,343,754 | $59,828,688 |
Catholic Charities Of The Archdiocese Of Washington Inc Washington, DC | $69,271,644 | $52,757,033 |
Elrc4kids Inc Greensburg, PA | $6,335,708 | $42,009,228 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |
American Action Network Inc Washington, DC | $3,726,560 | $29,638,224 |
St Josephs Center Scranton, PA | $79,717,381 | $36,701,905 |