Jerome A Schiff Charitable Tr
- Assets
- $934.9k
- Revenue
- $154.9k
- Investments
- $818.1k
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 31-1472444
Organization Overview
Jerome A Schiff Charitable Tr is located in Wellesley, MA. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerome A Schiff Charitable Tr 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, Jerome A Schiff Charitable Tr generated $154.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $98.5k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerome A Schiff Charitable Tr has awarded 12 individual grants totaling $367,500. 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
2021
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 |
|---|---|---|---|
John A Locke Trustee | 0 | $11,211 | |
A Arnold Lundwall Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $31,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $123,390 |
| Capital Gain Net Income | $123,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,211 |
| 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 | $36 |
| Total operating and administrative expenses | $28,498 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $98,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$68,101 |
| Savings and temporary cash investments | $184,945 |
| 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 | $934,894 |
| 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, Jerome A Schiff Charitable Tr has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wellsley, MA PURPOSE: TO ESTABLISH UNDERGRADUATE RESEARCH FELLOWSHIPS | $35,000 |
BRANDEIS UNIVERSITY PURPOSE: TO ESTABLISH UNDERGRADUATE RESEARCH FELLOWSHIPS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Association For Human Services Inc Hartford, CT | $1,452,136 | $1,498,143 |
Champlain Islanders Developing Essential Resources South Hero, VT | $406,823 | $466,738 |
Musica Viva Inc New York, NY | $181,120 | $246,617 |
Jerome A Schiff Charitable Tr Wellesley, MA | $934,894 | $154,936 |
Organization For International Development Bronx, NY | $73,324 | $0 |
Charles Schwartz Foundation For Music Wappingers Falls, NY | $97,989 | $28,923 |
Pastel Painters Society Of Cape Cod Inc Barnstable, MA | $62,752 | $0 |
Foundation For Safe Boating And Marine Info Inc Brooklyn, NY | $4,281 | $0 |
Have A Heart Foundation Of Staten Island Inc Staten Island, NY | $64,307 | $0 |