Schorer Foundation Inc
- Assets
- $180.2k
- Revenue
- $18.5k
- Investments
- $174.1k
- Employees
- 0
- Location
- Reedsburg, WI
- Founding
- 10/1966
- Data as of
- 06/2022
- EIN
- 39-6085473
Organization Overview
Schorer Foundation Inc is located in Reedsburg, WI. The organization was established in 1966. 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. Schorer Foundation Inc 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 06/2022, Schorer Foundation Inc generated $18.5k in total revenue. All expenses for the organization totaled $13.9k during the year ending 06/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Cschorer III Pres./treas./director | 1 | $0 | |
William C Schorer IV Vice Pres./secr./director | 0 | $0 | |
Patricia Anne Schorer Secr./director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,831 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,090 |
| Total operating and administrative expenses | $3,931 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $13,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,039 |
| 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 | $180,157 |
| Accounts payable and accrued expenses | $700 |
| 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 | $700 |
Grants Awarded
Over the last fiscal year, Schorer Foundation Inc has awarded $10,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
REEDSBURG AREA HIGH SCHOOL SCHOLARSHIPS PURPOSE: ASSISTS YOUTH IN ATTENDING POST SECONDARY SCHOOL. | $1,700 |
RAMC FOUNDATION REEDBURG WI PURPOSE: MEDICAL | $1,000 |
FIRST UNITED CHURCH OF CHRIST SAUK CITY WI PURPOSE: CHURCH | $900 |
SHRINERS HOSPITAL FOR CRIPLED CHILDREN MADISON WI PURPOSE: CHILDRENS HOSPITAL | $900 |
WISCONSIN MASONIC HOME DOUSMAN WI PURPOSE: AIDS MASONS | $900 |
CHILDREN'S DYSLEXIA CENTER PURPOSE: TUTORING FOR CHILDREN WITH DYSLEXIA | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |