EIN 82-3526555

The Schuster Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Schuster Foundation is a private foundation that provides educational and recreational opportunities for underprivileged households in the greater Baltimore region.
Total revenues
$777,766
2022
Total expenses
$951,545
2022
Total assets
$2,576,913
2022
Num. employees
0
2022

Program areas at The Schuster Foundation

The Foundation provides educational and recreational opportunities for underprivileged households in The greater baltimore region. This includes educational tuition assistance, equestrian lessons, woodshop and craft activities and a summer day camp on Maryland's eastern shore. During 2022, 2 children received tuition assistance. Additionally, 421 coats were purchased for low-income children and 1,600 equestrian riding and grooming lessons were provided to approximately 210 children. Woodshop and crafts had about 42 lessons over The year providing lessopns to about 12 to 16 children. Approximately 60 children participated in The summer day camp.
The Foundation provided three low-income disabled persons with assistance. The assistance was structure based on their needs. All these funds were used to alleviate some of The disabled persons from their burdens.
The Foundation's disaster aid program provided 11 families with emergency funding. The program provided funds for rent assistance and gift cards for grocery stores as well as other needs since many low-income people either lost their jobs or had a reduction in income or dealing with a medical emergency. Additionally,the Foundation has been providing 40 warm fresh meals four times per week to low- income families totaling approximately 8,300 warm meals served.
Rental income is received from two tenants. One company rents The use of The stables, riding paths and riding rink and provides boarding, grooming, and riding services and lessons to third parties. This provides The Foundation with horses to utilize in its equestrian activities and The rent income is The primary findraiser that directly offsets costs of owning and operating The farm. The second tenant is a farming concern renting acrage for planting of crops. This rental agreement also assists The Foundation in bringing some upkeep to The grounds and The income generated is used to reduce The Foundation's farm operatings costs.

Who funds The Schuster Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Lancelotta FoundationGeneral Support$3,200

Personnel at The Schuster Foundation

NameTitleCompensation
Daniel G SchusterTrustee$0

Financials for The Schuster Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$755,200
Investment income and dividends$0
Net rental income$3,396
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$777,766

Form 990s for The Schuster Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-03-02990PFView PDF
2021-122022-04-04990PFView PDF
2020-122021-04-09990PFView PDF
2019-122020-08-27990PRView PDF
2018-122020-02-13990PFView PDF
...and 1 more Form 990
Data update history
June 18, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $3,750 from The Lancelotta Foundation
July 8, 2022
Posted financials
Added Form 990PF for fiscal year 2020
August 19, 2021
Posted financials
Added Form 990R for fiscal year 2019
September 6, 2020
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Human services
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
PO Box 703
Owings Mills, MD 21117
Metro area
Baltimore-Columbia-Towson, MD
County
Baltimore County, MD
Phone
(410) 363-9620
IRS details
EIN
82-3526555
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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