Cause IQ organization profile

The Scherman Foundation

Form 990s | Financials | Vendors | Peers

The Scherman Foundation is a private foundation based in New York, NY that was founded in 1943. As of 2018 they had $15 million in revenue and $107 million in assets.

The Scherman Foundation nurtures excellent nonprofit organizations and leaders in the fields of community development, environment, reproductive justice, human rights, the arts, and governmental accountability.

EIN:

13-6098464

City:

New York

State:

New York

Metro:

New York-Newark-Jersey City, NY-NJ-PA

Website:

scherman.org

Phone:

212-832-3086

Founded:

1943

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$15,347,147

Assets:

$107,645,789

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for The Scherman Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 22, 2020	990PF	View PDF
2017-12	Feb 2, 2019	990PF	View PDF
2016-12	Nov 21, 2017	990PF	View PDF
2015-12	Sep 29, 2016	990PF	View PDF
2014-12	Nov 16, 2015	990PF	View PDF
...and three more Form 990 PDFs

Financials for The Scherman Foundation

Field	2017	2016	% Change
Total grants, contributions, etc.	$0	$0
Investment income and dividends	$2,168,519	$2,176,943	-0.4%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$11,773,994	$2,816,057	318.1%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$1,404,634	$3,002	46689.9%
Total revenues	$15,347,147	$4,996,002	207.2%

Field	2017	2016	% Change
Compensation of current officers, etc.	$270,550	$262,650	3.0%
Non-officer salaries and wages	$298,799	$285,114	4.8%
Pension/retirement accruals and contributions	$197,543	$187,305	5.5%
Legal fees	$0	$2,879	-100%
Accounting fees	$40,919	$36,150	13.2%
Other fee-for-service	$474,049	$822,398	-42.4%
Interest	$60,968	$0	999%
Depreciation, amortization, etc.	$0	$0
Occupancy	$121,730	$119,886	1.5%
Travel	$19,644	$17,668	11.2%
Office expenses
Grants to all govts., orgs., and individuals	$4,950,329	$4,851,127	2.0%
All other expenses	$329,076	$36,967	790.2%
Total expenses	$6,763,607	$6,622,144	2.1%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$58,877	$28,532	106.4%
Savings, short-term investments, etc.	$3,918,869	$724,365	441.0%
Accounts receivable	$0	$0
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$0	$0
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$103,668,043	$98,309,352	5.5%
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$107,645,789	$99,062,249	8.7%

Field	2017	2016
Accounts payable and accrued expenses	$0	$0
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$0	$0

Field	2013
Unrestricted net assets	$93,928,202
Temporarily restricted net assets	$0
Permanently restricted net assets	$0

Vendors for The Scherman Foundation

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-15
████████ ████████████	Software		2020-06-15
█████████ ██████████ ███	Investment Counsel; Investment Advisory Fees	$141,000	2020-01-22
███ ████████ ██████ ███	Tax accounting		2020-01-22
██████ ███████ ████████ ███████ ███████ ████	Investment Management Fees	$50,089	2020-01-22
██████ ███	Software		2018-09-10
█████ ███ ███████ ██	Tax accounting; Accounting Services	$57,901	2014-12-29
██████████ █████ ███████ ██	Investment Counsel	$63,842	2013-12-01
...and one more vendors

Peer private foundations

	Name	Type	Revenue	Location
1	Mertz Gilmore Foundation	501(c)(3)	$24 million	New York, NY
2	The Overbrook Foundation	501(c)(3)	$20 million	New York, NY
3	J M Kaplan Fund	501(c)(3)	$11 million	New York, NY
4	Alan B. Slifka Foundation	501(c)(3)	$20 million	New York, NY
5	Jessie Smith Noyes Foundation	501(c)(3)	$7.6 million	New York, NY
6	The Grace and Mercy Foundation	501(c)(3)	$48 million	New York, NY
7	Triad Foundation	501(c)(3)	$20 million	Ithaca, NY
8	The Blackstone Charitable Foundation	501(c)(3)	$17 million	New York, NY
9	Health Foundation for Western and Central New York	501(c)(3)	$8.9 million	Buffalo, NY
10	David Rockefeller Fund	501(c)(3)	$29 million	New York, NY
11	The William Louis-Dreyfus Foundation	501(c)(3)	$4.7 million	Mount Kisco, NY
12	The Pierre and Tana Matisse Foundation	501(c)(3)	$9.1 million	New York, NY
13	Poster House	501(c)(3)	$13 million	New York, NY
14	Van Beuren Charitable Foundation (vBCF)	501(c)(3)	$24 million	New York, NY
15	Greater Rochester Health Foundation	501(c)(3)	$24 million	Rochester, NY
16	Heisman Trophy Trust	501(c)(3)	$7.4 million	New York, NY
17	Corning Incorporated Foundation	501(c)(3)	$4.5 million	Corning, NY
18	Redlich Horwitz Foundation (RHF)	501(c)(3)	$4.5 million	Suffern, NY
19	The Pinkerton Foundation	501(c)(3)	$45 million	New York, NY
20	Josiah Macy Jr Foundation	501(c)(3)	$7.3 million	New York, NY
21	Keren Keshet-The Rainbow Foundation	501(c)(3)	$5.1 million	New York, NY
22	Ben Appelbaum Foundation	501(c)(3)	$58 million	New York, NY
23	Helene Fuld Health Trust	501(c)(3)	$8.5 million	Buffalo, NY
24	Arcus Foundation	501(c)(3)	$33 million	New York, NY
25	Francqui FOUNDATION	501(c)(3)	$19 million	New York, NY

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Cause IQ organization profile

The Scherman Foundation

Form 990s for The Scherman Foundation

Financials for The Scherman Foundation

Vendors for The Scherman Foundation

Peer private foundations

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