Leroy Schecter Foundation Inc
- Assets
- $21.7k
- Revenue
- $50.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 30-0134495
Organization Overview
Leroy Schecter Foundation Inc is located in Teaneck, NJ. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Leroy Schecter Foundation Inc 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 12/2023, Leroy Schecter Foundation Inc generated $50.5k 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 (49.4%) each year. All expenses for the organization totaled $70.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (48.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Leroy Schecter Foundation Inc has awarded 48 individual grants totaling $7,382,187. 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
2023
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 |
|---|---|---|---|
Leroy Schecter Chairman & Director | 5 | $0 | |
Ottavia Mclaughlin Vp, Sec., Treas. & Directo | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $481 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $50,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,409 |
| Total operating and administrative expenses | $70,107 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $70,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,816 |
| Savings and temporary cash investments | $15,929 |
| 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 | $21,745 |
| 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 | $105 |
| Total liabilities | $105 |
Grants Awarded
Over the last fiscal year, Leroy Schecter Foundation Inc has awarded $1,111,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: AFSP RAISES AWARENESS, FUNDS SCIENTIFIC RESEARCH AND PROVIDES RESOURCES AND AID TO THOSE AFFECTED BY SUICIDE. | $25,000 |
PENN STATE HEALTH CHILDREN'S HOSPITAL PURPOSE: DONATION TO SUPPORT FOUR DIAMONDS CONQUERING CHILDHOOD CANCER PROGRAM | $2,500 |
MOUNT SINAI SCHOOL OF MEDICINE PURPOSE: TO SUPPORT THE FRIEDMAN BRAIN INSTITUTE RESEARCH | $1,000,000 |
THE GLOBAL ARTS PROJECT INC PURPOSE: PROVIDE AFFORDABLE MUSICAL AND RELATED CULTURAL EVENTS TO THE GENERAL PUBLIC OF SOUTH FLORIDA THROUGH THE ACTIVE PRESENTATION OF A DIVERSITY OF ART FORMS. | $25,000 |
THE LACROSSE CLUB OF SPRINGFIELD PURPOSE: CLUB OFFERING CHILDREN K-8TH GRADE THE OPPORTUNITY TO PLAY THE FASTEST SPORT ON TWO FEET..LACROSSE. | $4,000 |
NY CENTER FOR THE ADVANCEMENT OF COGNITIVE BRAIN HEALTH INC PURPOSE: PROVIDE FINANCIAL SUPPORT TO WORTHY INITIATIVES FOR MEDICAL/SCIENTIFIC RESEARCH | $50,000 |