Schwartz Foundation
- Assets
- $1.5m
- Revenue
- $83.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Saddle River, NJ
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 22-6057027
Organization Overview
Schwartz Foundation is located in Saddle River, NJ. The organization was established in 1964. 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. Schwartz 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, Schwartz Foundation generated $83.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $236.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schwartz Trustee | 0 | $0 | |
Alice Schwartz Trustee | 0 | $0 | |
William M Schwartz Trustee | 0 | $0 | |
Thomas Schwartz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $83,311 |
| 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 | $83,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $491 |
| Total operating and administrative expenses | $3,913 |
| Contributions, gifts, grants paid | $232,650 |
| Total expenses and disbursements | $236,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,648 |
| Savings and temporary cash investments | $23,541 |
| 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 | $47,786 |
| Total assets | $1,451,054 |
| 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 | $8,500 |
| Total liabilities | $8,500 |
Grants Awarded
Over the last fiscal year, Schwartz Foundation has awarded $339,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUSCHARITIES PURPOSE: CHARITY | $89,600 |
WINTERTHUR MUSEUM PURPOSE: MUSEUM DONATION | $250,000 |