Schoonbeck Family Foundation
- Assets
- $571.4k
- Revenue
- $4.4k
- Investments
- $560.0k
- Employees
- 0
- Location
- Ada, MI
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 38-3382133
Organization Overview
Schoonbeck Family Foundation is located in Ada, MI. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Schoonbeck Family 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 12/2022, Schoonbeck Family Foundation generated $4.4k 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 (30.3%) each year. All expenses for the organization totaled $83.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schoonbeck Family Foundation has awarded 91 individual grants totaling $542,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO CHARITABLE ACTIVITIES OTHER THAN GRANTS LISTED IN PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine S Miller Director And | 0 | $0 | |
Frederick P Schoonbeck Director/off | 0 | $0 | |
Curtiss W Miller Director/tru | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,055 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,218 |
| Contributions, gifts, grants paid | $77,500 |
| Total expenses and disbursements | $83,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,330 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $571,363 |
| 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, Schoonbeck Family Foundation has awarded $77,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BLANDFORD NATURE CENTER PURPOSE: GENERAL FUND | $5,000 |
DA BLODGETT-ST JOHNS PURPOSE: GENERAL FUND | $7,000 |
DE'GAGE MINISTRIES PURPOSE: GENERAL FUND | $6,000 |
GUIDING LIGHT MISSION PURPOSE: GENERAL FUND | $5,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $7,000 |
HUMANE SOCIETY PURPOSE: GENERAL FUND | $7,000 |