Ada Schupp Foundation
- Assets
- $3.7m
- Revenue
- $279.8k
- Investments
- $3.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 30-0489735
Organization Overview
Ada Schupp Foundation is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ada Schupp 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 12/2023, Ada Schupp Foundation generated $279.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $269.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ada Schupp Foundation has awarded 26 individual grants totaling $790,000. 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
GRANTS TO 501C 3 ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $193,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,659 |
| Capital Gain Net Income | $86,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $279,763 |
| 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 | $0 |
| Total operating and administrative expenses | $39,892 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $269,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,205 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $18,563 |
| 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 | $3,747,725 |
| 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, Ada Schupp Foundation has awarded $230,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST PATRICK HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
ST FERDINAND CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
ST PETERS CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
SISTERA OF CHARITY OF THE BLESSED V PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
NATL SHRINE ST FRANCIS XAVIER CABRI PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
FRIENDS OF HISTORIC SECOND CHURCH PURPOSE: GENERAL OPERATING CHURCH | $3,000 |