Todd Schiffman Foundation Tr
- Assets
- $8.7m
- Revenue
- $567.3k
- Investments
- $6.8m
- Employees
- 0
- Location
- W Hollywood, CA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 95-7040466
Organization Overview
Todd Schiffman Foundation Tr is located in W Hollywood, CA. The organization was established in 1999. 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. Todd Schiffman Foundation 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 12/2022, Todd Schiffman Foundation Tr generated $567.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $511.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Todd Schiffman Foundation Tr has awarded 53 individual grants totaling $956,407. 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
NOVEMBER 2016: CONTRIBUTION OF $25,000 TO JEWISH FAMILY SERVICES ADOPT-A-FAMILY PROGRAM. THIS ORGANIZATION SERVES THE LOCAL COMMUNITY AND IS ORGANIZED TO PROVIDE ASSISTANCE FOR PEOPLE IN NEED.
OCTOBER 2016:CONTRIBUTION OF $25,000 TO THE CONSANO CANCER RESEARCH ORGANIZATION.
NOVEMBER 2016:CONTRIBTION OF $2,700 TO ALL SAINTS CHURCH
APRIL 2016:CONTRIBUTION OF $100 TO AMERICAN DIABETES ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd I Schiffman President | 2 | $0 | |
Michael Boh Secretary/treasurer | 2 | $0 | |
Mark Puente Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,000 |
| Interest on Savings | $1,096 |
| Dividends & Interest | $85,110 |
| Net Rental Income | $25,767 |
| Net Gain on Sale of Assets | -$209,017 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $134,025 |
| Total Revenue | $567,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,026 |
| Depreciation | $20,327 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,079 |
| Total operating and administrative expenses | $126,628 |
| Contributions, gifts, grants paid | $385,000 |
| Total expenses and disbursements | $511,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,141 |
| Savings and temporary cash investments | $414,975 |
| 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 | $918,359 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,746,219 |
| 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 | $3,156 |
| Total liabilities | $3,156 |
Grants Awarded
Over the last fiscal year, Todd Schiffman Foundation Tr has awarded $385,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION PURPOSE: PROVIDE GENERAL SUPPORT | $50,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: PROVIDE GENERAL SUPPORT | $25,000 |
HARMONY PROJECT PURPOSE: PURCHASE INSTRUMENTS FOR YOUNG MUSICIANS | $30,000 |
HOWARD JARVIS FOUNDATION PURPOSE: PROVIDES LEGAL REPRESENTATION | $100,000 |
JEWISH FAMILY SERVICE PURPOSE: JEWISH SOCIAL SERVICES IN LA | $100,000 |
MY FRIEND'S PLACE PURPOSE: HOMELESS YOUTH SERVICES IN LA | $25,000 |