Schell Brothers Foundation
- Assets
- $578.8k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Rehoboth Beach, DE
- Founding
- Data as of
- 12/2023
- EIN
- 92-0933510
Organization Overview
Schell Brothers Foundation is located in Rehoboth Beach, DE. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Schell Brothers 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 12/2023, Schell Brothers Foundation generated $2.6m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 127.1% 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Schell President | 4 | $0 | |
Preston Schell Vice Preside | 4 | $0 | |
Alyssa Titus Secretary | 4 | $0 | |
Doug Reynolds Treasurer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Vida Hospitality | 12/30/22 | $113,238 |
The Starboard | 12/30/22 | $79,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,967 |
| Interest on Savings | $55 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $2,484,717 |
| Total Revenue | $2,611,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $52,886 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,007 |
| Depreciation | $8,068 |
| Occupancy | $313,151 |
| Travel, conferences, and meetings | $14,990 |
| Printing and publications | $0 |
| Other expenses | $1,970,173 |
| Total operating and administrative expenses | $2,379,868 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,379,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,632 |
| 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 | $283,176 |
| Other assets | $0 |
| Total assets | $578,808 |
| Accounts payable and accrued expenses | $282,098 |
| 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 | $14,049 |
| Total liabilities | $296,147 |