The Adler Schermer Foundation
- Assets
- $4.4m
- Revenue
- $205.7k
- Investments
- $4.3m
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 84-1210699
Organization Overview
The Adler Schermer Foundation is located in Aspen, CO. The organization was established in 1993. 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. Adler Schermer 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 12/2023, Adler Schermer Foundation generated $205.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $595.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Adler Schermer Foundation has awarded 242 individual grants totaling $4,209,212. 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 |
|---|---|---|---|
Lloyd G Schermer Director | 1 | $0 | |
Betty A Schermer Former Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,074 |
| Dividends & Interest | $66,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,761 |
| Capital Gain Net Income | $136,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,060 |
| Taxes | $3,692 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $36,682 |
| Contributions, gifts, grants paid | $558,633 |
| Total expenses and disbursements | $595,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,179 |
| Savings and temporary cash investments | $98,952 |
| 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 | $3,354,675 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,398,911 |
| 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, The Adler Schermer Foundation has awarded $558,633 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON RANCH ARTS CENTER PURPOSE: PROVIDE INSTRUCTION IN THE FINE ARTS FOR CHILDREN AND ADULTS | $20,000 |
ARIZONA SONORA DESERT MUSEUM PURPOSE: SONORAN DESERT EDUCATION | $500 |
ASPEN CENTER FOR ENVIROMENTAL STUDIES (ACES) PURPOSE: EDUCATING FOR ENVIRONMENTAL RESPONSIBILITY | $5,000 |
ASPEN COMMUNITY FOUNDATION PURPOSE: BUILDS PHILANTHROPY AND SUPPORTS NONPROFIT ORGANIZATIONS | $1,000 |
ASPEN JEWISH CENTER PURPOSE: TEMPLE OF WORSHIP AND RELIGIOUS STUDIES | $1,100 |
ASPEN VALLEY HOSPITAL FOUNDATION PURPOSE: CURRENT AND FUTURE NEEDS OF ASPEN VALLEY HOSPITAL | $25,000 |