Barbara & Edward Schlussel Foundation Inc
- Assets
- $760.9k
- Revenue
- $60.2k
- Investments
- $589.7k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 11-3524899
Organization Overview
Barbara & Edward Schlussel Foundation Inc is located in Boca Raton, FL. The organization was established in 2000. 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. Barbara & Edward Schlussel Foundation 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 12/2022, Barbara & Edward Schlussel Foundation Inc generated $60.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $97.7k during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 7 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 2016, Barbara & Edward Schlussel Foundation Inc has awarded 218 individual grants totaling $434,863. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Schlussel President | 1 | $0 | |
Barbara Schlussel Secretary | 1 | $0 | |
Michael Schlussel Vice President | 1 | $0 | |
Jeremy Schlussel Asst Treasurer | 1 | $0 | |
Lori Schlussel Asst Secrectary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $190 |
| Dividends & Interest | $59,317 |
| 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 | $727 |
| Total Revenue | $60,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,733 |
| Total operating and administrative expenses | $35,433 |
| Contributions, gifts, grants paid | $62,310 |
| Total expenses and disbursements | $97,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,259 |
| 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 | $589,675 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $760,934 |
| 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, Barbara & Edward Schlussel Foundation Inc has awarded $62,310 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING SOUTH FLORIDA PURPOSE: FEEDING THE POOR | $500 |
AMUDIM PURPOSE: HELP THE POOR | $3,000 |
MILWAUKEE JEWISH FEDERATION PURPOSE: HELPING UKRANIAN JEWS | $10,000 |
ANSHEI EMUNAH CONGREGATION PURPOSE: HELPING ISRAELI POOR | $180 |
MAGEN DAVID ADOM PURPOSE: FOR NEW BLOOD CENTER. | $3,600 |
FRIENDS OF ISRAELI DEFENSE FORCES PURPOSE: PROVIDE EDUCATIONAL, CULTURAL, RECREATIONAL AND SOCIAL SERVICE TO THE IDF HEROES. | $3,600 |