The Morris And Alma Schapiro Fund
- Assets
- $98.1m
- Revenue
- $6.0m
- Investments
- $96.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1956
- Data as of
- 12/2023
- EIN
- 13-6089254
Organization Overview
The Morris And Alma Schapiro Fund is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Morris And Alma Schapiro Fund 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, Morris And Alma Schapiro Fund generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morris And Alma Schapiro Fund has awarded 360 individual grants totaling $28,294,184. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rufus Collins Trustee | 2 | $0 | |
Stephen J Paluszek Trustee | 2 | $0 | |
Barnaby Schapiro Trustee | 2 | $0 | |
Jacob Collins Trustee | 2 | $0 | |
Jon Schapiro Trustee | 2 | $0 | |
Marion Schapiro Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ehrenkranz Partners Lp | 12/30/23 | $506,568 |
Anchin Block & Anchin | 12/30/23 | $105,000 |
Rita Bowen | 12/30/23 | $278,552 |
Select Equity Group | 12/30/23 | $66,954 |
Eagle Capital Management Llc | 12/30/23 | $55,328 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,915 |
| Dividends & Interest | $1,079,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $497,897 |
| Capital Gain Net Income | $400,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,382,985 |
| Total Revenue | $6,003,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $913,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,197,290 |
| Total operating and administrative expenses | $2,747,501 |
| Contributions, gifts, grants paid | $7,629,350 |
| Total expenses and disbursements | $10,376,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $771,308 |
| Savings and temporary cash investments | $1,189,605 |
| 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 | $82,904,870 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,128,924 |
| 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, The Morris And Alma Schapiro Fund has awarded $7,629,350 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
BARB HIGH SCHOOL EARLY COLLEGE PTA PURPOSE: GENERAL PURPOSE | $60,000 |
ARS NOVA THEATER INC PURPOSE: GENERAL PURPOSE | $20,000 |
BROOKLYN ACADEMY OF MUSIC INC PURPOSE: GENERAL PURPOSE | $60,000 |
ASSOCIATION TO BENEFIT CHILDREN PURPOSE: GENERAL PURPOSE | $40,000 |
BROOKLYN BOTANIC GARDEN PURPOSE: GENERAL PURPOSE | $400,000 |
BROOKLYN PUBLIC LIBRARY PURPOSE: GENERAL PURPOSE | $255,000 |