Robert Schalkenbach Foundation Inc
- Assets
- $18.2m
- Revenue
- $947.6k
- Investments
- $12.5m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 10/1938
- Data as of
- 06/2022
- EIN
- 13-1656331
Organization Overview
Robert Schalkenbach Foundation Inc is located in Princeton, NJ. The organization was established in 1938. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Schalkenbach 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 06/2022, Robert Schalkenbach Foundation Inc generated $947.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $767.6k during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS EDUCATION AND OUTREACH ACTIVITIES TO PROMOTE THE SOCIAL AND ECONOMIC THEORY OF HENRY GEORGE AND OTHER RELATED ECONOMISTS.
THE FOUNDATION PROMOTES THE SOCIAL AND ECONOMIC PHILOSOPHY OF HENRY GEORGE AND OTHER RELATED ECONOMISTS BY CONTRACTING THE SERVICES OF SCHOLARS, WRITERS AND OTHERS FOR PUBLISHING, RESEARCH AND OUTREACH PROJECTS. THE FOUNDATION ALSO UNDERTAKES INDEPENDENT RESEARCH FOR THIS MISSION.
THE FOUNDATION MAINTAINS A LIBRARY OF PUBLICATIONS RELATED TO ITS MISSION.
THE FOUNDATION OFFERS SCHOLARSHIPS TO SELECTED UNDERGRADUATE COLLEGE, AND GRADUATE SCHOOL, STUDENTS IN FIELDS OF STUDY RELATED TO THE FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Hachadoorian President | 10 | $0 | |
Matthew Downhour Vice President | 1.5 | $0 | |
Wyn Achenbaum Treasurer | 1.5 | $0 | |
Matt Leichter Secretary | 1.5 | $0 | |
John Beck Executive Committee | 1.5 | $0 | |
Kris Feder Executive Committee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $321,966 |
| Net Rental Income | $54,931 |
| Net Gain on Sale of Assets | $265,309 |
| Capital Gain Net Income | $265,309 |
| Net ST Capital Gain | $144 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $913 |
| Total Revenue | $947,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,486 |
| Other employee salaries and wages | $190,417 |
| Pension plans, employee benefits | $39,944 |
| Interest | $0 |
| Taxes | $7,904 |
| Depreciation | $5,092 |
| Occupancy | $95,913 |
| Travel, conferences, and meetings | $41,503 |
| Printing and publications | $0 |
| Other expenses | $121,749 |
| Total operating and administrative expenses | $730,079 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $767,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,613 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,321 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $75,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,236 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,473,757 |
| Net Land, buildings, and equipment | $13,882 |
| Other assets | $5,545,303 |
| Total assets | $18,195,112 |
| Accounts payable and accrued expenses | $101,662 |
| Grants payable | $25,000 |
| 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 | $126,662 |
Grants Awarded
Over the last fiscal year, Robert Schalkenbach Foundation Inc has awarded $17,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK UNIVERSITY PURPOSE: SUPPORT RESEARCH PROJECT | $5,000 |
UNIVERSITY OF MARYLAND - COLLEGE PARK PURPOSE: SUPPORT RESEARCH PROJECT | $5,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: SUPPORT RESEARCH PROJECT | $2,500 |
COUNCIL OF GEORGIST ORGANIZATIONS PURPOSE: TO SUPPORT ANNUAL GEORGIST CONFERENCE | $5,000 |