C W Schrenk And Marjorie J Schrenk Family Foundation
- Assets
- $4.2m
- Revenue
- $1.1m
- Investments
- $3.5m
- Employees
- 0
- Location
- Holland, PA
- Founding
- 02/1990
- Data as of
- 12/2021
- EIN
- 23-6906450
Organization Overview
C W Schrenk And Marjorie J Schrenk Family Foundation is located in Holland, PA. The organization was established in 1990. 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. C W Schrenk And Marjorie J Schrenk Family 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 12/2021, C W Schrenk And Marjorie J Schrenk Family Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $197.2k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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 2014, C W Schrenk And Marjorie J Schrenk Family Foundation has awarded 216 individual grants totaling $1,189,776. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRINTED SHIRTS TO CAMP DISCOVERY
PROVIDE TURKEYS FOR THANKSIGIVING BASKETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Pritz Treasurer | 0.25 | $0 | |
Bonnie Stellwagon Recording Secretary | 0.25 | $0 | |
Barbara Traub Trustee | 0.25 | $0 | |
Beverly Gormley Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $39 |
| Dividends & Interest | $73,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,473 |
| Capital Gain Net Income | $301,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,124,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,688 |
| Total operating and administrative expenses | $17,344 |
| Contributions, gifts, grants paid | $179,844 |
| Total expenses and disbursements | $197,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,248 |
| Savings and temporary cash investments | $374,065 |
| Net Accounts receivable | $277,072 |
| 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 | $3,525,389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $478 |
| Total assets | $4,203,252 |
| 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, C W Schrenk And Marjorie J Schrenk Family Foundation has awarded $179,844 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: PROVIDED 10 KANGAROO CHAIRS FOR CARDIAC UNIT SO MOTHER AND CHILD CAN SIT TOGETHER | $42,000 |
Media, PA PURPOSE: SPONSORSHIP FOR ONE STUDENT TO ATTEND THE MASONRY PROGRAM - JONATHAN CHRISTOPER | $25,000 |
ST ROSE OF LIMA CATHOLIC SCHOOL PURPOSE: FUNDING FOR NEEDED SCHOOL BUILDING REPAIRS | $25,000 |
YMCA OF BUCKS COUNTY PURPOSE: PROVIDED FUNDING FOR SAW PROGRAM WHICH IS SAFETY AROUND WATER | $21,600 |
BARC DEVELOPMENT SERVICES PURPOSE: PROVIDED FUNDING TO RENOVATE TWO BATHROOMS IN THEIR QUAKERTOWN FACILITY | $12,500 |
SPECIAL OLYMPICS PA PURPOSE: PROVIDED FUNDING FOR COST FOR ATHLETES TO ATTEND THE SUMMER GAMES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |