Helen & George Schonewolf Foundation
- Assets
- $78.0k
- Revenue
- $2.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntingdon Valley, PA
- Founding
- 03/2003
- Data as of
- 06/2023
- EIN
- 30-0141480
Organization Overview
Helen & George Schonewolf Foundation is located in Huntingdon Valley, PA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Helen & George Schonewolf 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 06/2023, Helen & George Schonewolf Foundation generated $2.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $20.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE NON-OPERATING FOUNDATION, AND AS SUCH, ITS ONLY ACTIVITY IS TO MAKE GRANTS OR CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES. SEE PART XV, QUESTION 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Schonewolf Trustee | 1 | $0 | |
Carol Schonewolf Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| 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 | $2,150 |
| Total Revenue | $2,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $2,248 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $20,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,245 |
| 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 | $25,778 |
| Total assets | $78,023 |
| 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, Helen & George Schonewolf Foundation has awarded $18,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ASSOCIATION OF THE MIRACULOUS MEDAL PURPOSE: GENERAL FUND | $4,000 |
SACRED HEART LEAGUE PURPOSE: GENERAL FUND | $4,000 |
ST ANTHONY'S GUILD PURPOSE: GENERAL FUND | $4,000 |
NATIONAL SHRINE OF OUR LADY OF MT CARMEL PURPOSE: GENERAL FUND | $4,000 |
PASSIONIST OF THE HOLY CROSS PROVINCE PURPOSE: GENERAL FUND | $2,000 |