Lillian Schermer Charitable Trust
- Assets
- $114.8k
- Revenue
- $2.3k
- Investments
- $113.4k
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 10/1980
- Data as of
- 05/2024
- EIN
- 95-6685753
Organization Overview
Lillian Schermer Charitable Trust is located in Beverly Hills, CA. The organization was established in 1980. 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. Lillian Schermer Charitable Trust 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 05/2024, Lillian Schermer Charitable Trust generated $2.3k 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 (39.5%) each year. All expenses for the organization totaled $11.4k during the year ending 05/2024. 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 |
|---|---|---|---|
City National Bank Co-Trustee | 5 | $841 | |
Bruce Sherman Co-Trustee | 5 | $0 | |
Richard Marlin Co-Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,554 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $841 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,192 |
| Contributions, gifts, grants paid | $9,250 |
| Total expenses and disbursements | $11,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,422 |
| 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 | $113,387 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $114,809 |
| 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, Lillian Schermer Charitable Trust has awarded $9,250 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WYSU 885 FM PURPOSE: FALL/SPRING CAMPAIGN | $1,000 |
JUNIOR LEAGUE OF MAHONING VALLEY PURPOSE: UNRESTRICTED GIFT | $500 |
HAND IN HAND PURPOSE: UNRESTRICTED GIFT | $500 |
THE MCGUFFEY CENTRE PURPOSE: UNRESTRICTED GIFT | $500 |
ACLD SCHOOL AND LEARNING CENTER PURPOSE: SUMMER TUTORING PROGRAM | $500 |
JEWISH CHILDRENS ADOPTION NETWORK PURPOSE: UNRESTRICTED GIFT | $500 |