Howard And Lynne Schechter Family Foundation Inc
- Assets
- $2.1m
- Revenue
- $319.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 80-0740532
Organization Overview
Howard And Lynne Schechter Family Foundation Inc is located in Delray Beach, FL. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Howard And Lynne Schechter Family 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 12/2023, Howard And Lynne Schechter Family Foundation Inc generated $319.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $86.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Howard And Lynne Schechter Family Foundation Inc has awarded 32 individual grants totaling $291,930. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard O Schechter Director | 0 | $0 | |
Lynne D Schechter Director | 0 | $0 | |
Loren Schechter Director | 0 | $0 | |
Beth Schechter Bernat Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $202,456 |
| Interest on Savings | $759 |
| Dividends & Interest | $34,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,745 |
| Capital Gain Net Income | $81,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $319,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,568 |
| Contributions, gifts, grants paid | $77,476 |
| Total expenses and disbursements | $86,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,150 |
| 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 | $2,066,777 |
| 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, Howard And Lynne Schechter Family Foundation Inc has awarded $77,476 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION TO FIGHT BLINDNESS PURPOSE: UNRESTRICTED USE | $250 |
FRIENDS OF THE IDF PURPOSE: UNRESTRICTED USE | $10,100 |
JEWISH FEDERATION PURPOSE: UNRESTRICTED USEUNRESTRICTED USE | $3,778 |
HARVARD CHABAD PURPOSE: UNRESTRICTED USEUNRESTRICTED USE | $26,800 |
NORTH SUBURBAN CONGREGATION BETH-EL PURPOSE: UNRESTRICTED USE | $22,612 |
ROCHELLE ZELL HIGH SCHOOL PURPOSE: UNRESTRICTED USE | $10,336 |