Schermco Foundation Inc
- Assets
- $184.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2022
- 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 12/2022, Schermco Foundation Inc generated $120.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $33.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
INCREASE EDUCATIONAL EQUITY BY INVESTING IN SUPPORTING ORGANIZATIONS
INCREASE EDUCATIONAL EQUITY BY INVESTING IN SUPPORTING ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,370 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,375 |
| 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 | $32,711 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $630 |
| Total expenses | $33,341 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,329 |
| Other assets | $0 |
| Total assets | $184,329 |
| Total liabilities | $0 |
| Net assets or fund balances | $184,329 |