Civic Intelligence

Schechter Family Foundation

990PF • Fiscal year 2019 • EIN 83-1366875

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 25, 2020

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • $500k-$1M nonprofits • Source year 2019

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2019 filings • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

$898,372

No earlier filing loaded for comparison.

Net Assets

$898,372

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin98th percentile

Revenue

$838,098

No earlier filing loaded for comparison.

Expenses

$41,755

No earlier filing loaded for comparison.

Net Income

$796,343

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2019: $898,372Liabilities 2019: $0Net Assets 2019: $898,3722019Assets 2020: $766,263Liabilities 2020: $0Net Assets 2020: $766,2632020Assets 2021: $755,354Liabilities 2021: $0Net Assets 2021: $755,3542021Assets 2022: $708,307Liabilities 2022: $0Net Assets 2022: $708,3072022Assets 2023: $1,633,782Liabilities 2023: $0Net Assets 2023: $1,633,7822023Assets 2024: $1,585,782Liabilities 2024: $0Net Assets 2024: $1,585,7822024

Highlighted filing

2019

Assets$898,372
Liabilities$0
Net Assets$898,372
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $838,098Expenses 2019: $41,755Net Income 2019: $796,3432019Revenue 2020: $31,925Expenses 2020: $124,884Net Income 2020: -$92,9592020Revenue 2021: $103,258Expenses 2021: $114,405Net Income 2021: -$11,1472021Revenue 2022: -$12,292Expenses 2022: $34,755Net Income 2022: -$47,0472022Revenue 2023: $1,461,432Expenses 2023: $64,466Net Income 2023: $1,396,9662023Revenue 2024: $83,201Expenses 2024: $115,015Net Income 2024: -$31,8142024

Highlighted filing

2019

Revenue$838,098
Expenses$41,755
Net Income$796,343
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 25, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam SchechterVP / Director-$0--
Donna A SchechterPres / Director / Sec / Treas-$0--
Filing and Contact Details

Filer

Filer Name
Schechter Family Foundation
EIN
83-1366875
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Donna Schecter
Title
president
Phone
8008391754
Signed
2020-03-25
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix290 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Schechter Adam
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt05119 New Hope Road
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0New Hope
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0PA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd018938
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0807782
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt0807782
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0MERCK & CO INC MRK, 10589 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02019-02-04
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2019, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $25,000. This amount represents 25% or more of the Foundation's net assets of $79,822 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05891
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt015
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05891
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt115
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt225
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt0924
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt0924
TaxesSchedule/TaxesDetail/Amt09900
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2019
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA SCHECTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Schechter Family Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0831366875
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02020-04-03T08:18:16-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$898,372
Liabilities
$0
Net assets
$898,372
Revenue
$838,098
Expenses
$41,755
Net income
$796,343
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.08$0.12$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$1.46$0.06$1.40
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.01$0.03$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.10$0.11$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.03$0.12$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.84$0.04$0.80