Walter L Schautz Foundation
- Assets
- $4.8m
- Revenue
- $483.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 10/1949
- Data as of
- 01/2023
- EIN
- 24-6018362
Organization Overview
Walter L Schautz Foundation is located in Scranton, PA. The organization was established in 1949. 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. Walter L Schautz 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 01/2023, Walter L Schautz Foundation generated $483.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $494.5k during the year ending 01/2023. While expenses have increased by 5.4% per year over the past 5 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 2019, Walter L Schautz Foundation has awarded 311 individual grants totaling $2,022,400. 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 |
|---|---|---|---|
Walter Schautz President/treasurer | 0 | $0 | |
Deborah Raban Secretary | 0 | $0 | |
James Reid Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $787 |
| Dividends & Interest | $226,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,657 |
| Capital Gain Net Income | $206,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $483,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,512 |
| Total operating and administrative expenses | $23,582 |
| Contributions, gifts, grants paid | $470,900 |
| Total expenses and disbursements | $494,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,360 |
| Savings and temporary cash investments | $79,320 |
| 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 | $4,774,652 |
| 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, Walter L Schautz Foundation has awarded $470,900 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED SERVICES PURPOSE: TREXO ROBOTICS | $5,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $50,000 |
BOYS AND GIRLS CLUB OF SCRANTON PURPOSE: AFTER SCHOOL PROGRAM, SUMMER PROGRAM | $20,000 |
BREAD BASKET PURPOSE: FOOD FOR THE NEEDY | $5,000 |
CANCER CARE FOUNDATION PURPOSE: MAMMAGRAMS | $3,000 |
CENTURY CLUB PURPOSE: NURSING SCHOLARSHIPS, BUILDING REPAIRS | $2,000 |