Ray & Janet Scherr Foundation
- Assets
- $2.0m
- Revenue
- $88.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 77-0457757
Organization Overview
Ray & Janet Scherr Foundation is located in Beverly Hills, CA. The organization was established in 1997. 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. Ray & Janet Scherr 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, Ray & Janet Scherr Foundation generated $88.0k 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 (12.6%) each year. All expenses for the organization totaled $88.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ray & Janet Scherr Foundation has awarded 54 individual grants totaling $405,308. 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.
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 |
|---|---|---|---|
Janet Scherr Ceo, As Needed | 0 | $0 | |
Raymond Scherr Secretary, As Needed | 0 | $0 | |
Lauren Scherr Cfo, As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,565 |
| Capital Gain Net Income | $23,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,263 |
| Total Revenue | $87,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,364 |
| Total operating and administrative expenses | $13,714 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $88,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,158 |
| Savings and temporary cash investments | $76,778 |
| 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 | $980,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,010,985 |
| 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, Ray & Janet Scherr Foundation has awarded $74,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ART CENTER COLLEGE OF DESIGN PURPOSE: GENERAL PURPOSE | $2,000 |
CEDARS SINAI PURPOSE: GENERAL PURPOSE | $2,000 |
MOTOR4TOYS CHARITABLE FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
NEW WEST SYMPHONY (ALLIANCE FOR THE ARTS) PURPOSE: GENERAL PURPOSE | $2,500 |
SEMPER FI & AMERICA'S FUND PURPOSE: GENERAL PURPOSE | $10,000 |
THOUSAND OAKS ALLIANCE FOR THE ARTS PURPOSE: GENERAL PURPOSE | $10,000 |