Thomas R Schiff Foundation
- Assets
- $2.1m
- Revenue
- $2.4m
- Investments
- $2.1m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 02/2009
- Data as of
- 12/2022
- 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 12/2022, Thomas R Schiff Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $952.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas R Schiff Foundation has awarded 282 individual grants totaling $3,026,806. 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 |
|---|---|---|---|
Thomas R Schiff President, Secretary, Trea | 2 | $0 | |
Mary Ellen Goeke Director | 1 | $0 | |
Lennell Myricks Director | 0.5 | $0 | |
Maureen France Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,911,780 |
| Interest on Savings | $123 |
| Dividends & Interest | $469,866 |
| 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 | $2,381,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $51,441 |
| Contributions, gifts, grants paid | $901,009 |
| Total expenses and disbursements | $952,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,274 |
| 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 | $2,111,481 |
| 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 $901,009 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
FOTOFOCUS PURPOSE: SPONSORSHIP OF ORGANIZATION'S GENERAL OPERATING SUPPORT | $552,345 |
New York, NY PURPOSE: SUPPORT OF ERNEST COLE PUBLICATION AND DIGITAL TALK SERIES THE PHOTOBOOK CLUB | $120,000 |
Covington, KY PURPOSE: FOTOFOCUS EVENT GENERAL OPERATING SUPPORT | $36,539 |
Cincinnati, OH PURPOSE: BIENNIAL PROJECT GRANTS | $27,000 |
Cincinnati, OH PURPOSE: A BIENNIAL PROJECT GRANT | $25,000 |
UNIVERSITY OF CINCINNATI PURPOSE: BIENNIAL PROJECT GRANTS | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlochen Center For The Arts Interlochen, MI | $234,270,312 | $77,699,935 |
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Flint Institute Of Arts Flint, MI | $64,606,144 | $9,980,420 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Blue Lake Fine Arts Camp Twin Lake, MI | $13,832,939 | $7,779,561 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Graham Gund Gallery Gambier, OH | $8,250,705 | $4,357,194 |
Oxbow Saugatuck, MI | $6,747,769 | $2,600,895 |
Caring Communities For Aids Wilkes Barre, PA | $1,533,545 | $2,739,121 |
Art Opportunities Inc Cincinnati, OH | $2,054,110 | $2,614,332 |
Samuel S Fleisher Art Memorial Inc Philadelphia, PA | $22,590,929 | $2,413,309 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |