Margaret Harvey Schering Trust For Cancer Research
- Assets
- $1.5m
- Revenue
- $119.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 36-3615777
Organization Overview
Margaret Harvey Schering Trust For Cancer Research is located in Edina, MN. The organization was established in 1989. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Harvey Schering Trust For Cancer Research 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 12/2022, Margaret Harvey Schering Trust For Cancer Research generated $119.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $176.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $61,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,657 |
| Capital Gain Net Income | $57,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,890 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $48,051 |
| Contributions, gifts, grants paid | $128,000 |
| Total expenses and disbursements | $176,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,214 |
| 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 | $1,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,508,214 |
| 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, Margaret Harvey Schering Trust For Cancer Research has awarded $128,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: FUNDING FOR CANCER RESEARCH | $40,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: FUNDING FOR CANCER RESEARCH | $88,000 |