Hochwarth Schonfeld Charitable Foundation
- Assets
- $201.1k
- Revenue
- $22.8k
- Investments
- $195.5k
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- Data as of
- 11/2023
- EIN
- 87-4147247
Organization Overview
Hochwarth Schonfeld Charitable Foundation is located in Lutherville, MD. 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. Hochwarth Schonfeld 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 11/2023, Hochwarth Schonfeld Charitable Foundation generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (67.1%) each year. All expenses for the organization totaled $25.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hochwarth President | 1 | $0 | |
Stephen Schonfeld Vice President | 0.25 | $0 | |
David A Goldner Treasurer | 0.25 | $0 | |
David A Goldner Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $8,076 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,742 |
| Capital Gain Net Income | $14,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $78 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,472 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $152 |
| 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 | $195,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $201,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $22,200 |
| 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 | $22,200 |
Grants Awarded
Over the last fiscal year, Hochwarth Schonfeld Charitable Foundation has awarded $25,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FLO-FRIENDLY LOVING OPPORTUNITIES PURPOSE: UNRESTRICTED | $1,000 |
HOUSE OF RUTH PURPOSE: UNRESTRICTED | $5,000 |
BOYS HOPE GIRLS HOPE OF BALTIMORE PURPOSE: UNRESTRICTED | $5,000 |
MAGNIFICAT HIGH SCHOOL PURPOSE: UNRESTRICTED | $1,000 |
MARYLAND FOOD BANK PURPOSE: UNRESTRICTED | $10,000 |
MINDFUL MENTORS PURPOSE: UNRESTRICTED | $200 |