Frances Schermer Charitable Tr
- Assets
- $2.0m
- Revenue
- $81.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 02/1981
- Data as of
- 06/2023
- EIN
- 95-6685749
Organization Overview
Frances Schermer Charitable Tr is located in Beverly Hills, CA. The organization was established in 1981. 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. Frances Schermer Charitable Tr 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 06/2023, Frances Schermer Charitable Tr generated $81.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.0%) each year. All expenses for the organization totaled $167.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Frances Schermer Charitable Tr has awarded 115 individual grants totaling $376,758. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
City National Bank Co-Trustee | 10 | $12,504 | |
Bruce Sherman Co-Trustee | 10 | $5,200 | |
James L Pazol Consultant | 10 | $6,000 | |
Richard Marlin Co-Trustee | 10 | $5,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,951 |
| Capital Gain Net Income | $13,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,904 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $293 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34 |
| Total operating and administrative expenses | $42,235 |
| Contributions, gifts, grants paid | $125,168 |
| Total expenses and disbursements | $167,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,261 |
| 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 | $1,990,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,012,422 |
| 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, Frances Schermer Charitable Tr has awarded $125,168 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNGSTOWN STATE UNIVERSITY PURPOSE: SCHERMER SCHOLAR IN | $1,000 |
ZIONIST ORGANIZATION OF AMERICA PURPOSE: ONGOING GRANT FOR CURRENT | $8,000 |
HAND-IN-HAND PURPOSE: GRANT FOR THE SIX SCHOOLS | $1,000 |
AKIVA ACADEMY PURPOSE: CONTRIBUTION | $8,334 |
JEWISH COMMUNITY CENTER PURPOSE: GRANT 2017-2018 BREAKING | $2,500 |
UNITED WAY OF TRUMBALL COUNTY PURPOSE: UNRESTRICTED GIFT | $1,500 |