Thomas R Schiff Foundation
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $2.1m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 20-5678503
Organization Overview
Thomas R Schiff Foundation is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas R Schiff 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, Thomas R Schiff Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas R Schiff Foundation has awarded 371 individual grants totaling $4,427,522. 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 |
|---|---|---|---|
Mary Ellen Goeke Secretary | 1 | $0 | |
Thomas R Schiff President, Treasurer | 2 | $0 | |
Maureen France Director | 0.5 | $0 | |
Lennell Myricks Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,001,309 |
| Interest on Savings | $94 |
| Dividends & Interest | $557,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,558,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $646 |
| Total operating and administrative expenses | $69,342 |
| Contributions, gifts, grants paid | $1,043,752 |
| Total expenses and disbursements | $1,113,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,147,846 |
| 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, Thomas R Schiff Foundation has awarded $1,043,752 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE F & HARRIS K WESTON ART GALLERY PURPOSE: BIENNIAL PROJECT GRANTS | $25,000 |
ANNEX GALLERY PURPOSE: BIENNIAL PROJECT GRANTS | $3,000 |
ANTIOCH COLLEGE PURPOSE: BIENNIAL PROJECT GRANTS | $2,500 |
ARCHIVE OF CREATIVE CULTURE PURPOSE: BIENNIAL PROJECT GRANTS | $1,250 |
ART ACADEMY OF CINCINNATI PURPOSE: BIENNIAL PROJECT GRANTS | $35,000 |
BASKET SHOP PURPOSE: BIENNIAL PROJECT GRANT | $1,750 |