Phillip Schrager Foundation
- Assets
- $1.3m
- Revenue
- $440.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 23-7184025
Organization Overview
Phillip Schrager Foundation is located in Omaha, NE. The organization was established in 1972. 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. Phillip Schrager 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, Phillip Schrager Foundation generated $440.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $682.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Phillip Schrager Foundation has awarded 242 individual grants totaling $9,395,630. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri L Schrager President | 0 | $0 | |
Richard A Schrager Director | 0 | $0 | |
Harley Schrager Treasurer/director | 0 | $0 | |
Timothy Schrager Director | 0 | $0 | |
Jeffrey Schrager Vice President | 0 | $0 | |
Angel Goldman Secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,500 |
| Interest on Savings | $731 |
| Dividends & Interest | $16,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410,568 |
| Capital Gain Net Income | $410,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $440,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $918 |
| Depreciation | $0 |
| Occupancy | $43,313 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $779 |
| Other expenses | $7,075 |
| Total operating and administrative expenses | $67,977 |
| Contributions, gifts, grants paid | $614,546 |
| Total expenses and disbursements | $682,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,874 |
| 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 | $1,267,833 |
| 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, Phillip Schrager Foundation has awarded $614,546 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
KAVOD PURPOSE: EXEMPT CHARITABLE PURPOSES | $500 |
AMERICAN RED CROSS PURPOSE: EXEMPT CHARITABLE PURPOSES | $5,000 |
BEMIS CENTER FOR CONTEMPORARY ARTS PURPOSE: EXEMPT CHARITABLE PURPOSES | $10,000 |
BOYS & GIRLS CLUBS OF THE MIDLANDS PURPOSE: EXEMPT CHARITABLE PURPOSES | $24,200 |
BIG BROTHERS BIG SISTERS OF THE MIDLANDS PURPOSE: EXEMPT CHARITABLE PURPOSES | $10,000 |
CASA FOR DOUGLAS COUNTY PURPOSE: EXEMPT CHARITABLE PURPOSES | $20,000 |