Schnabel Familiy Foundation Inc
- Assets
- $256.2k
- Revenue
- $50.8k
- Investments
- $239.9k
- Employees
- 0
- Location
- Sherwood Forest, MD
- Founding
- 08/2005
- Data as of
- 12/2020
- EIN
- 55-0900244
Organization Overview
Schnabel Familiy Foundation Inc is located in Sherwood Forest, MD. The organization was established in 2005. 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. Schnabel Familiy 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 12/2020, Schnabel Familiy Foundation Inc generated $50.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $61.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schnabel Familiy Foundation Inc has awarded 77 individual grants totaling $424,650. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Schnabel President | 4 | $0 | |
Joan M Schnabel Secretarytreasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,722 |
| Capital Gain Net Income | $28,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $1,543 |
| Contributions, gifts, grants paid | $59,500 |
| Total expenses and disbursements | $61,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,346 |
| 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 | $239,915 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,977 |
| Total assets | $256,238 |
| 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, Schnabel Familiy Foundation Inc has awarded $59,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCING NATIVE MISSIONS PURPOSE: BENEVOLENCE | $4,000 |
CENTRAL UNION MISSION PURPOSE: BENEVOLENCE | $1,000 |
INDIA NATIONAL INLAND MISSION PURPOSE: BENEVOLENCE | $5,000 |
CRISIS AID INTERNATIONAL PURPOSE: BENEVOLENCE | $5,000 |
INFAITH MATHIEU PURPOSE: BENEVOLENCE | $3,000 |
INTERNATIONAL CHRISTIAN CONCERN PURPOSE: BENEVOLENCE | $10,000 |