Sylvia & Robert Scher Charitable Foundation
- Assets
- $3.4m
- Revenue
- $443.2k
- Investments
- $3.4m
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 02/1998
- Data as of
- 09/2023
- EIN
- 13-3972066
Organization Overview
Sylvia & Robert Scher Charitable Foundation is located in New Rochelle, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sylvia & Robert Scher Charitable 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 09/2023, Sylvia & Robert Scher Charitable Foundation generated $443.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $182.4k during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 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, Sylvia & Robert Scher Charitable Foundation has awarded 399 individual grants totaling $840,500. 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 |
|---|---|---|---|
Ellen Gelboim Trustee | 3 | $0 | |
Avi Gelboim Trustee | 8 | $40,000 | |
Ricky Gelboim Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,842 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,383 |
| Capital Gain Net Income | $7,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $366,028 |
| Total Revenue | $443,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,982 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $53,415 |
| Contributions, gifts, grants paid | $128,950 |
| Total expenses and disbursements | $182,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,819 |
| 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 | $2,815,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,429,907 |
| Accounts payable and accrued expenses | $40,000 |
| 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 | $40,000 |
Grants Awarded
Over the last fiscal year, Sylvia & Robert Scher Charitable Foundation has awarded $128,950 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED USE | $1,000 |
AMERICAN FRIENDS OF SHALVA ISRAEL PURPOSE: UNRESTRICTED USE | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED USE | $1,000 |
AMERICAN FRIENDS OF SOROKA MEDICAL CENTER PURPOSE: UNRESTRICTED USE | $2,000 |
AMERICAN SOCIETY OF HEMATOLOGY PURPOSE: UNRESTRICTED USE | $1,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED USE | $3,000 |