Schermco Foundation Inc
- Assets
- $97.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-3967606
Organization Overview
Schermco Foundation Inc is located in Charlotte, NC. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schermco 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 12/2021, Schermco Foundation Inc generated $114.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $65.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
INCREASE EDUCATIONAL EQUITY BY INVESTING IN SUPPORTING ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,200 |
| Total Program Service Revenue | $5,897 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,099 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $740 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,394 |
| Total expenses | $65,069 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,295 |
| Other assets | $0 |
| Total assets | $97,295 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,295 |
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