Dr Scholl Foundation
- Assets
- $237.6m
- Revenue
- $18.4m
- Investments
- $232.0m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 10/1948
- Data as of
- 12/2021
- EIN
- 36-6068724
Organization Overview
Dr Scholl Foundation is located in Northbrook, IL. The organization was established in 1948. 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. Dr Scholl 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, Dr Scholl Foundation generated $18.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $13.2m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 6 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 2017, Dr Scholl Foundation has awarded 1,710 individual grants totaling $37,181,200. 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 |
|---|---|---|---|
Pamela Scholl Board Chairman/president | 35 | $588,300 | |
Anne Moseley Director/vice President | 35 | $278,000 | |
John A Nitschke Director/treasurer Until 6/30/21 | 35 | $274,940 | |
Lea Slahor Treasurer | 35 | $215,500 | |
Marla Fields Grant Administr. | 35 | $133,062 | |
Sheila Steger It Mgr | 28 | $105,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellwood Associates | 12/30/21 | $145,302 |
Jennison Associates | 12/30/21 | $135,143 |
Cape Ann Asset Mgmt | 12/30/21 | $94,976 |
Polaris Capital | 12/30/21 | $76,076 |
Seg Mulberry | 12/30/21 | $64,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $86 |
| Dividends & Interest | $2,330,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,035,955 |
| Capital Gain Net Income | $17,199,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $958 |
| Total Revenue | $18,367,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,588,740 |
| Other employee salaries and wages | $241,865 |
| Pension plans, employee benefits | $633,463 |
| Interest | $0 |
| Taxes | $511,175 |
| Depreciation | $0 |
| Occupancy | $222,679 |
| Travel, conferences, and meetings | $44,483 |
| Printing and publications | $0 |
| Other expenses | $107,422 |
| Total operating and administrative expenses | $4,201,396 |
| Contributions, gifts, grants paid | $9,040,700 |
| Total expenses and disbursements | $13,242,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $4,803,818 |
| Net Accounts receivable | $229 |
| 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 | $201,298 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $87,368,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $644,686 |
| Total assets | $237,614,092 |
| Accounts payable and accrued expenses | $1,258,757 |
| Grants payable | $45,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,069,623 |
| Total liabilities | $2,373,380 |
Grants Awarded
Over the last fiscal year, Dr Scholl Foundation has awarded $9,015,700 in support to 378 organizations.
| Grant Recipient | Amount |
|---|---|
ROSALIND FRANKLIN UNIVERSITY PURPOSE: $500,000 FOR THE NURSING SCHOOL, AND $500,000 FOR THE SCHOLL COLLEGE | $1,000,000 |
Washington, DC PURPOSE: $250,000 FOR GENERAL OPERATING AND PUBLIC ENGAGEMENT PROGRAM AND $100,000 FOR THE U.S. PARK POLICE HORSE STABLES PROJECT | $350,000 |
New York, NY PURPOSE: WATER & CLIMATE RESEARCH | $255,000 |
BUILD INC PURPOSE: BUILD THE FUTURE PROGRAM | $250,000 |
Chicago, IL PURPOSE: VISITATION SCHOOL AND SCHOLARSHIP PROGRAMS | $200,000 |
ROSALIND FRANKLIN UNIVERSITY PURPOSE: DR. WILLIAM M. SCHOLL SCHOLARS PROGRAM | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |