Charles M Schwartz Memorial Foundation
- Assets
- $57.8k
- Revenue
- $112.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1995
- Data as of
- 10/2023
- EIN
- 36-3989544
Organization Overview
Charles M Schwartz Memorial Foundation is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., 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. Charles M Schwartz Memorial 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 10/2023, Charles M Schwartz Memorial Foundation generated $112.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $181.7k during the year ending 10/2023. While expenses have increased by 12.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Marc H Schwartz President / Director-Part Time | 0 | $0 | |
Lawrence Lubin Vice Pres/director-Part Time | 0 | $0 | |
Joseph Gutman Treasurer-Part Time | 0 | $0 | |
Richard Schoenstadt Secretary-Part Time | 0 | $0 | |
Judd Malkin Director-Part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,584 |
| Total operating and administrative expenses | $60,894 |
| Contributions, gifts, grants paid | $120,811 |
| Total expenses and disbursements | $181,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,773 |
| 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 | $57,773 |
| 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, Charles M Schwartz Memorial Foundation has awarded $41,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA UNIVERSITY MEDICAL CENTER PURPOSE: CHARITABLE | $40,000 |
MICHIGAN JEWISH RESOURCE CENTER PURPOSE: CHARITABLE | $1,800 |