The Ralph And Lucille Schey Foundation
- Assets
- $2.6m
- Revenue
- $95.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Highland Heights, OH
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 34-1502219
Organization Overview
The Ralph And Lucille Schey Foundation is located in Highland Heights, OH. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ralph And Lucille Schey 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, Ralph And Lucille Schey Foundation generated $95.4k 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 (8.4%) each year. All expenses for the organization totaled $172.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ralph And Lucille Schey Foundation has awarded 63 individual grants totaling $1,484,048. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucille L Schey President | 7 | $0 | |
William Spring Vice President | 0 | $0 | |
Lawrence Schey Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,254 |
| Capital Gain Net Income | $20,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $378 |
| Printing and publications | $0 |
| Other expenses | $2,113 |
| Total operating and administrative expenses | $14,059 |
| Contributions, gifts, grants paid | $158,038 |
| Total expenses and disbursements | $172,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409 |
| 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 | $2,639,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,640,055 |
| 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, The Ralph And Lucille Schey Foundation has awarded $158,038 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $4,000 |
PLAYHOUSE SQUARE FOUNDATION PURPOSE: GENERAL FUND | $20,000 |
ST CHRISTOPHER BY-THE-RIVER PURPOSE: GENERAL FUND | $20,000 |
THE CLEVELAND ORCHESTRA PURPOSE: GENERAL FUND | $60,000 |
BLOOMSBURG UNIVERSITY PURPOSE: GENERAL FUND | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |