American Schlafhorst Foundation Inc
- Assets
- $1.0m
- Revenue
- -$18.1k
- Investments
- $947.6k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 56-1590110
Organization Overview
American Schlafhorst Foundation Inc is located in Charlotte, NC. The organization was established in 1988. 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. American Schlafhorst 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan W Loftis Executive Director | 20 | $55,200 | |
Robert Sage President | 0 | $0 | |
Ernest Reigel Secretary | 0 | $0 | |
John W Fletcher III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,301 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$18,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $513 |
| Total operating and administrative expenses | $73,019 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $93,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,843 |
| Savings and temporary cash investments | $53,996 |
| 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 | $947,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,007,474 |
| 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, American Schlafhorst Foundation Inc has awarded $92,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CRISIS ASSISTANCE MINISTRY PURPOSE: EMERGENCY FINANCIAL ASSISTANCE | $15,000 |
HABITAT FOR HUMANITY OF CHARLOTTE PURPOSE: HOME BUILDING | $15,000 |
HOLY ANGELS PURPOSE: HEALTH AND HUMAN SERVICES | $15,000 |
HOSPICE PALLIATIVE CARE PURPOSE: PALLIATIVE CARE | $15,000 |
KINDERMOURN PURPOSE: BEREAVEMENT SUPPORT | $15,000 |
KINGS MOUNTAIN LITTLE THEATRE PURPOSE: NON-PROFIT THEATER | $2,500 |