Albert G And Olive H Schlink Foundation
- Assets
- $8.8m
- Revenue
- $744.9k
- Investments
- $6.9m
- Employees
- 0
- Location
- Sandusky, OH
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 34-6574722
Organization Overview
Albert G And Olive H Schlink Foundation is located in Sandusky, OH. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Albert G And Olive H Schlink 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 12/2021, Albert G And Olive H Schlink Foundation generated $744.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 3.0% 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 2015, Albert G And Olive H Schlink Foundation has awarded 473 individual grants totaling $10,421,940. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Allton Vp/ Treas | 0 | $1,150 | |
Curtis J Koch Pres/secr | 0 | $13,800 | |
James O Miller Trustee | 0 | $13,800 | |
Judith Sommers Trustee | 0 | $13,800 | |
Janet C Koch Trustee | 0 | $13,800 | |
Jeffrey Cranston Trustee | 0 | $4,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,790 |
| Dividends & Interest | $659,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,338 |
| Capital Gain Net Income | $62,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,756 |
| Total Revenue | $744,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,140 |
| Printing and publications | $2,333 |
| Other expenses | $831 |
| Total operating and administrative expenses | $184,902 |
| Contributions, gifts, grants paid | $1,108,661 |
| Total expenses and disbursements | $1,293,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,327 |
| Savings and temporary cash investments | $545,745 |
| 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 | $8,828,279 |
| 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, Albert G And Olive H Schlink Foundation has awarded $1,287,272 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AGRICULTURAL HERITAGE OF HURON CO PURPOSE: AGRICULTURE | $11,095 |
AMERICAN RED CROSS PURPOSE: DISASTER CYCLE SERVICES | $58,500 |
ARTISTS OPEN STUDIO PURPOSE: EDUCATIONAL | $20,000 |
BOWLING GREEN STATE UNIVERSITY PURPOSE: EDUCATIONAL | $105,000 |
AMERICAN LUNG ASSN OF OHIO PURPOSE: CHARITABLE | $10,000 |
CLEVELAND SIGHT CENTER PURPOSE: CHARITABLE | $15,000 |