Schrock Fam Foundation
- Assets
- $172.1k
- Revenue
- $25.4k
- Investments
- $139.8k
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0489095
Organization Overview
Schrock Fam Foundation is located in Gilbert, AZ. The organization was established in 2004. 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. Schrock Fam 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, Schrock Fam Foundation generated $25.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $12.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (27.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Schrock Fam Foundation has awarded 20 individual grants totaling $424,170. 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.
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 |
|---|---|---|---|
L Kay Schrock Director & President | 1 | $0 | |
Donald E Schrock Director, Secretary & CFO | 1 | $0 | |
Steven Brent Huntington Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,163 |
| Capital Gain Net Income | $17,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,101 |
| Total operating and administrative expenses | $6,781 |
| Contributions, gifts, grants paid | $6,054 |
| Total expenses and disbursements | $12,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,305 |
| 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 | $139,778 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $172,083 |
| 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, Schrock Fam Foundation has awarded $246,216 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: GENERAL | $100,000 |
Rochester, MN PURPOSE: GENERAL | $100,000 |
ARIZONA STATE UNIVERSITY PURPOSE: GENERAL | $12,108 |
ARIZONA STATE UNIVERSITY PURPOSE: GENERAL | $12,108 |
Mesa, AZ PURPOSE: GENERAL | $10,000 |
Mesa, AZ PURPOSE: GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |