Madeline And Arnold Schuster Foundation Inc
- Assets
- $896.8k
- Revenue
- $32.0k
- Investments
- $891.9k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-4125921
Organization Overview
Madeline And Arnold Schuster Foundation Inc is located in Palm Beach, FL. 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. Madeline And Arnold Schuster 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, Madeline And Arnold Schuster Foundation Inc generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.7%) each year.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeline Schuster Pres & Treasurer | 1 | $0 | |
Arnold Schuster Vice Pres | 1 | $0 | |
Ralph E Lerner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48 |
| Dividends & Interest | $31,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,695 |
| Contributions, gifts, grants paid | $43,500 |
| Total expenses and disbursements | $57,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,926 |
| 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 | $422,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $896,805 |
| 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, Madeline And Arnold Schuster Foundation Inc has awarded $43,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TANGLEWOOD PURPOSE: GENERAL | $1,000 |
RAYMONF F KRAVIS CENTER FOR THE PREFORMING ARTS PURPOSE: GENERAL | $2,500 |
PALM BEACH DRAMAWORKS PURPOSE: GENERAL | $2,000 |
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: GENERAL | $35,000 |
MIAMI CITY BALLET PURPOSE: GENERAL | $3,000 |