The Ralph And Lucille Schey Foundation
- Assets
- $2.8m
- Revenue
- $222.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Highland Heights, OH
- Founding
- 06/1987
- Data as of
- 06/2021
- 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 06/2021, Ralph And Lucille Schey Foundation generated $222.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $233.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ralph And Lucille Schey Foundation has awarded 44 individual grants totaling $1,591,650. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucille L Schey President | 7 | $0 | |
William Spring Trustee | 0 | $0 | |
Lawrence Schey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,716 |
| Capital Gain Net Income | $167,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,816 |
| Total operating and administrative expenses | $21,041 |
| Contributions, gifts, grants paid | $212,500 |
| Total expenses and disbursements | $233,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,065 |
| 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 | $2,599,171 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,785,236 |
| 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 $212,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL FUND | $100,000 |
NORTHEAST OHIO CURLING CLUB PURPOSE: GENERAL FUND | $50,000 |
CLEVELAND PLAY HOUSE FOUNDATION PURPOSE: GENERAL FUND | $22,500 |
ST CHRISTOPHERS BY-THE-RIVER PURPOSE: GENERAL FUND | $20,000 |
HACC KLINGER PURPOSE: GENERAL FUND | $5,000 |
BLOOMSBURG UNIVERSITY PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |