Schoeneckers Foundation
- Assets
- $151.5m
- Revenue
- $12.9m
- Investments
- $125.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1980
- Data as of
- 09/2023
- EIN
- 41-1369001
Organization Overview
Schoeneckers Foundation is located in Minneapolis, MN. The organization was established in 1980. 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. Schoeneckers 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 09/2023, Schoeneckers Foundation generated $12.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $19.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Schoenecker President | 0 | $0 | |
Lisa Anderson Director | 0 | $0 | |
David Schoenecker Director | 0 | $0 | |
Robert Schoenecker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,621,085 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,818,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,945,566 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $361,962 |
| Total Revenue | $12,855,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $645,524 |
| Total operating and administrative expenses | $688,160 |
| Contributions, gifts, grants paid | $18,750,000 |
| Total expenses and disbursements | $19,438,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,495 |
| Savings and temporary cash investments | $12,429,602 |
| 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 | $13,579,301 |
| 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 | $151,518,502 |
| 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, Schoeneckers Foundation has awarded $18,750,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF ST BENEDICTS PURPOSE: TO PROVIDE FUNDS FOR OPERATIONS | $3,750,000 |
UNIVERSITY OF ST THOMAS PURPOSE: TO PROVIDE FUNDS FOR OPERATIONS | $15,000,000 |