Scheb Foundation
- Assets
- $8.7m
- Revenue
- $9.0m
- Investments
- $8.5m
- Employees
- 0
- Location
- Ada, MI
- Founding
- Data as of
- 12/2022
- EIN
- 87-0987503
Organization Overview
Scheb Foundation is located in Ada, MI. 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. Scheb Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Scheb Foundation has awarded 16 individual grants totaling $222,000. 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 |
|---|---|---|---|
Catherine Muir Treasurer | 1 | $0 | |
William Muir Chair | 1 | $0 | |
Charlie Evenhouse Vice-Chair | 1 | $0 | |
Heather Evenhouse Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$335,658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,199,052 |
| Total Revenue | $8,985,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,093 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $257 |
| Total operating and administrative expenses | $35,871 |
| Contributions, gifts, grants paid | $222,000 |
| Total expenses and disbursements | $257,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,464 |
| 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 | $8,457,148 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,661,612 |
| 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, Scheb Foundation has awarded $222,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH EVANGELICAL FREE CHURCH PURPOSE: GENERAL SUPPORT | $93,000 |
SAMARITANS PURSE PURPOSE: GENERAL SUPPORT | $7,500 |
NEW DAWN PREGNANCY PURPOSE: GENERAL SUPPORT | $6,000 |
LAKELAND FOOD PANTRY PURPOSE: GENERAL SUPPORT | $7,000 |
CAMP GENEVA PURPOSE: GENERAL SUPPORT | $5,000 |
NOLS PURPOSE: GENERAL SUPPORT | $5,000 |