Shusterman Foundation
- Assets
- $3.1m
- Revenue
- $69.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1982
- Data as of
- 06/2024
- EIN
- 23-2187215
Organization Overview
Shusterman Foundation is located in Philadelphia, PA. The organization was established in 1982. 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. Shusterman 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 06/2024, Shusterman Foundation generated $69.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $213.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shusterman Foundation has awarded 311 individual grants totaling $1,175,528. 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 |
|---|---|---|---|
Robert J Shusterman Trustee/manager | 5 | $0 | |
Melissa Shusterman Trustee/manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $224 |
| Dividends & Interest | $87,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,694 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,074 |
| Total Revenue | $69,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,392 |
| Depreciation | $0 |
| Occupancy | $14,270 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,079 |
| Total operating and administrative expenses | $74,741 |
| Contributions, gifts, grants paid | $138,550 |
| Total expenses and disbursements | $213,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,463 |
| Savings and temporary cash investments | $57,713 |
| 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 | $177,554 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,130,627 |
| 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, Shusterman Foundation has awarded $138,550 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION OF NEW YORK PURPOSE: "UNRESTRICTED" | $10,000 |
AMERICAN CONSITUTION SOCIETY PURPOSE: "UNRESTRICTED" | $10,000 |
ANTI-DEFAMATION LEAGUE (NY) PURPOSE: "UNRESTRICTED" | $12,500 |
AMERICAN TECHNION SOCIETY PURPOSE: "UNRESTRICTED" | $6,000 |
ANTI-DEFAMATION LEAGUE (PA) PURPOSE: "UNRESTRICTED" | $1,000 |
BICOL CLINIC FOUNDATION PURPOSE: "UNRESTRICTED" | $1,000 |