A Paul And Carol C Schaapfoundation
- Assets
- $2.5m
- Revenue
- $76.0k
- Investments
- $414.3k
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-7097647
Organization Overview
A Paul And Carol C Schaapfoundation is located in Dearborn, MI. The organization was established in 2007. 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. A Paul And Carol C Schaapfoundation 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, A Paul And Carol C Schaapfoundation generated $76.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $903.4k during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 4 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 2020, A Paul And Carol C Schaapfoundation has awarded 14 individual grants totaling $2,203,953. 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 |
|---|---|---|---|
Comerica Bank Trustee | 1 | $0 | |
A Paul Schaap President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,236 |
| Dividends & Interest | $10,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,706 |
| Capital Gain Net Income | $29,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $38,373 |
| Contributions, gifts, grants paid | $865,050 |
| Total expenses and disbursements | $903,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,989 |
| Savings and temporary cash investments | $1,219,704 |
| 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 | $2,495,020 |
| 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, A Paul And Carol C Schaapfoundation has awarded $865,050 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMBROSE ROMAN CATHOLIC CHURCH PURPOSE: SCHOLARSHIPS | $116,850 |
UNIVERSITY-LIGGETT SCHOOL PURPOSE: SCHOLARSHIPS | $263,200 |
WAYNE STATE UNIVERSITY PURPOSE: MIDWEST CARBOHYDRATE & GLYCOBIOLOGY SYMPOSIUM | $15,000 |
FOUNDATION FOR DETROIT'S FUTURE PURPOSE: CONTRIBUTION TO FOUNDATION FOR DETROIT'S FUTURE | $250,000 |
WAYNE STATE UNIVERSITY PURPOSE: SPECIAL SALARY FUND FOR SCHAAP ENDOWED CHAIR - CHEMISTRY | $200,000 |
GROSSE POINTE HOUSING FOUNDATION PURPOSE: ORGANIZATION'S CHARITABLE PURPOSES | $20,000 |