Schiffman Memorial Foundation
- Assets
- $646.6k
- Revenue
- $14.9k
- Investments
- $630.6k
- Employees
- 0
- Location
- Woodbridge, CA
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 13-4220347
Organization Overview
Schiffman Memorial Foundation is located in Woodbridge, CA. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Schiffman Memorial 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 12/2023, Schiffman Memorial Foundation generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schiffman Memorial Foundation has awarded 38 individual grants totaling $384,977. 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 |
|---|---|---|---|
Cathy Vassar President | 2 | $30,900 | |
Gabrielle Y Mckechnie Chief Financial Officer/secretary | 2 | $3,900 | |
Joseph E Zeiter Director | 0.5 | $900 | |
George V Hartmann Director | 0.5 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $16,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,388 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,266 |
| Total operating and administrative expenses | $45,293 |
| Contributions, gifts, grants paid | $41,593 |
| Total expenses and disbursements | $86,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,021 |
| 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 | $28,589 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $646,635 |
| 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, Schiffman Memorial Foundation has awarded $41,593 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ELIGIBLE HIGH SCHOOL SENIORS PURPOSE: COLLEGE EDUCATION EXPENSE REIMBURSMENT | $30,000 |
LODI HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $3,917 |
LATHROP HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $7,120 |
LATHROP HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $556 |