Robert M Schiffman Inc
- Assets
- $4.0m
- Revenue
- $910.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 06-1261222
Organization Overview
Robert M Schiffman Inc is located in Wilmington, DE. The organization was established in 1990. 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. Robert M Schiffman 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, Robert M Schiffman Inc generated $910.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $274.7k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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.
Since 2015, Robert M Schiffman Inc has awarded 384 individual grants totaling $1,744,350. 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 |
|---|---|---|---|
Lily Philpott Dir | 1 | $0 | |
Paul Philpott Dir | 1 | $0 | |
Tyler David Philpott Sec, Treas, Dir | 3 | $0 | |
Ellen Gail Schiffman Pres, Dir | 2 | $0 | |
Richard Lee Schiffman Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,439 |
| Dividends & Interest | $90,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $816,815 |
| Capital Gain Net Income | $816,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $297 |
| Total Revenue | $910,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,885 |
| Total operating and administrative expenses | $28,683 |
| Contributions, gifts, grants paid | $246,050 |
| Total expenses and disbursements | $274,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,505 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,988,856 |
| 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, Robert M Schiffman Inc has awarded $246,050 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
826NYC INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
ADOPT A DOG INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
ALLIANCE FOR JUSTICE PURPOSE: GENERAL & UNRESTRICTED | $2,600 |
ARAB-AMERICAN FAMILY SUPPORT CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
BEE GIRL PURPOSE: GENERAL & UNRESTRICTED | $1,100 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |