Schiffman Memorial Foundation
- Assets
- $676.2k
- Revenue
- $60.5k
- Investments
- $576.0k
- Employees
- 0
- Location
- Woodbridge, CA
- Founding
- 06/2003
- Data as of
- 12/2021
- 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 12/2021, Schiffman Memorial Foundation generated $60.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $78.7k during the year ending 12/2021. While expenses have increased by 0.9% 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 2015, Schiffman Memorial Foundation has awarded 32 individual grants totaling $324,884. 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 | $30,600 | |
Gabrielle Y Mckechnie Chief Financial Officer/secretary | 2 | $3,600 | |
Joseph E Zeiter Director | 0.5 | $600 | |
George V Hartmann Director | 0.5 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,957 |
| Capital Gain Net Income | $42,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166 |
| Total operating and administrative expenses | $36,821 |
| Contributions, gifts, grants paid | $41,883 |
| Total expenses and disbursements | $78,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,704 |
| Savings and temporary cash investments | $86,466 |
| 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 | $37,260 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $676,152 |
| 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 $41,883 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ELIGIBLE HIGH SCHOOL SENIORS PURPOSE: COLLEGE EDUCATION EXPENSE REIMBURSMENT | $15,000 |
ARGONAUT HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $11,800 |
TOKAY HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $8,083 |
SIERRA HIGH SCHOOL PURPOSE: LIBRARY ESTABLISHMENT, BOOK PURCHASES AND FACILITIES HIGH SCHOOL LIBRARY | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |
Julia Burke Foundation San Francisco, CA | $10,173,958 | $4,976,202 |
James Megellas Foundation Inc Scottsdale, AZ | $68,107,616 | $5,113,659 |
Rsf Social Investment Fund Inc San Francisco, CA | $183,234,866 | $6,180,684 |
Napa Institute Support Foundation Irvine, CA | $19,458,182 | $17,196,018 |
Orange Schools Financing Corporation Orange, CA | $21,811,397 | $4,509,507 |
Herbst Foundation Inc Walnut Creek, CA | $62,095,126 | $6,418,341 |