Schrenk Family Foundation Inc
- Assets
- $0.0
- Revenue
- $153.5k
- Investments
- $90.9k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2003
- Data as of
- 12/2019
- EIN
- 30-0137464
Organization Overview
Schrenk Family Foundation Inc is located in Naples, FL. 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. Schrenk Family 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 12/2019, Schrenk Family Foundation Inc generated $153.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.2%) each year. All expenses for the organization totaled $131.5k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Schrenk Family Foundation Inc has awarded 24 individual grants totaling $206,831. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ENGAGED PRIMARILY IN MAKING GRANTS OF MONEY ON AN ANNUAL BASIS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE CLASSIFIED BY THE IRS AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE 1986 INTERNAL REVENUE CODE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,598 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,537 |
| Total Revenue | $153,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $30,214 |
| Contributions, gifts, grants paid | $101,300 |
| Total expenses and disbursements | $131,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,944 |
| Other assets | $834,568 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Schrenk Family Foundation Inc has awarded $73,831 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MGH DEVELOPMENT OFFICE PURPOSE: GENERAL OPERATING ACTIVITES | $25,000 |
NAPLES BOTANICAL GARDENS PURPOSE: GENERAL OPERATING ACTIVITIES | $14,250 |
WHITNEY MUSEUM OF AMERICAN ART PURPOSE: GENERAL OPERATING ACTIVITIES | $10,500 |
NCH CENTER FOR PHILANTHROPY PURPOSE: GENERAL OPERATING ACTIVITES | $7,500 |
THE PRAGMATIST FOUNDATION PURPOSE: GENERAL OPERATING ACTIVITES | $5,000 |
Naples, FL PURPOSE: GENERAL OPERATING ACTIVITES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |