Scharf Foundation Inc
- Assets
- $1.5m
- Revenue
- $6.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Lothian, MD
- Founding
- Data as of
- 12/2022
- EIN
- 85-1885465
Organization Overview
Scharf Foundation Inc is located in Lothian, MD. 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. Scharf 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 12/2022, Scharf Foundation Inc generated $6.5k in total revenue. All expenses for the organization totaled $92.3k during the year ending 12/2022.
Since 2020, Scharf Foundation Inc has awarded 15 individual grants totaling $137,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Scharf Director | 1 | $15,000 | |
Isabel Kurek Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $117 |
| Dividends & Interest | $32,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,840 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,735 |
| Total operating and administrative expenses | $38,299 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $92,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,302 |
| 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 | $1,109,826 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,530,477 |
| 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, Scharf Foundation Inc has awarded $54,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DANNY & RON'S RESCUE PURPOSE: EMERGENCY CARE FOR RESCUED DOGS | $18,000 |
MULTIPLE MYELOMA RESEARCH FOUNDATION PURPOSE: SEEKING CURE FOR MYELOMA PATIENTS | $5,000 |
CAPO BEACH CHURCH PURPOSE: CHURCH PROGRAMS | $3,000 |
WASHINGTON INTERNATIONAL HORSE SHOW PURPOSE: EQUESTRIAN RESCUE PROGRAM | $20,000 |
PEDIATRIC BRAIN TUMOR FOUNDATION PURPOSE: RESEARCH FOR CHILDHOOD BRAIN TUMORS. | $500 |
KEVIN BABBINGTON FOUNDATION PURPOSE: ASSISTANCE FOR ATHLETES WITH SPINAL INJURIES | $5,000 |