Joseph B Scheller And Rita Scheller Charitable Foundation
- Assets
- $5.4m
- Revenue
- $919.1k
- Investments
- $3.9m
- Employees
- 0
- Location
- Hazleton, PA
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 23-7824343
Organization Overview
Joseph B Scheller And Rita Scheller Charitable Foundation is located in Hazleton, PA. The organization was established in 1997. 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. Joseph B Scheller And Rita Scheller Charitable 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, Joseph B Scheller And Rita Scheller Charitable Foundation generated $919.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $199.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joseph B Scheller And Rita Scheller Charitable Foundation has awarded 94 individual grants totaling $2,261,398. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Scheller Hays Chairperson | 1 | $60,000 | |
Elyssa J Hays Secretary | 1 | $0 | |
Andrew W Arsht Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $395,861 |
| Interest on Savings | $24,430 |
| Dividends & Interest | $3,758 |
| 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 | $495,031 |
| Total Revenue | $919,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,173 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,059 |
| Taxes | $4,051 |
| Depreciation | $2,181 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,891 |
| Total operating and administrative expenses | $54,355 |
| Contributions, gifts, grants paid | $145,555 |
| Total expenses and disbursements | $199,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,940 |
| Savings and temporary cash investments | $1,495,217 |
| 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 | $3,867,104 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,367,261 |
| 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, Joseph B Scheller And Rita Scheller Charitable Foundation has awarded $206,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BREASTCANCERORG PURPOSE: CHARITABLE | $12,587 |
FE FOUNDATION PURPOSE: CHARITABLE | $7,000 |
DOCENT EDUCATIONAL FUND PURPOSE: CHARITABLE | $3,000 |
FLOW THROUGH FROM BAUPOST PURPOSE: CHARITABLE | $13 |
DREYFOOS SCHOOL OF ARTS PURPOSE: CHARITABLE | $100,000 |
MUHLENBERG COLLEGE PURPOSE: CHARITABLE | $15,000 |