Randy And Michele Mehrberg Schara Family Foundation
- Assets
- $528.8k
- Revenue
- $203.6k
- Investments
- $463.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-2026540
Organization Overview
Randy And Michele Mehrberg Schara Family Foundation is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Randy And Michele Mehrberg Schara 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, Randy And Michele Mehrberg Schara Family Foundation generated $203.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $103.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Randy And Michele Mehrberg Schara Family Foundation has awarded 54 individual grants totaling $706,450. 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 |
|---|---|---|---|
Randall Mehrberg President | 1 | $0 | |
Michele Schara Secretary & Treasurer | 0.5 | $0 | |
Dillon Mehrberg Vice-President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,147 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,878 |
| Capital Gain Net Income | $60,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,900 |
| Total operating and administrative expenses | $5,689 |
| Contributions, gifts, grants paid | $97,600 |
| Total expenses and disbursements | $103,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,322 |
| Savings and temporary cash investments | $0 |
| 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 | -$1,404 |
| Total assets | $528,771 |
| 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, Randy And Michele Mehrberg Schara Family Foundation has awarded $97,600 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL FUND | $50,100 |
LINCOLN PARK ZOO PURPOSE: GENERAL FUND | $15,000 |
Chicago, IL PURPOSE: GENERAL FUND | $10,000 |
CURE PURPOSE: GENERAL FUND | $10,000 |
THE COMMUNITY SYNAGOGUE PURPOSE: GENERAL FUND | $10,000 |
FAMILY FOCUS PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |