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Schoellerman Foundation FY2023 filing

Tax-deductible

Newport Beach, CA501(c)(3)EducationEIN 33-0844075

To provide support to charitable organizations that support educational & cultural programs; family issues; medical research & healthcare; and catholic organizations

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $189K a year · 251% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
-78% vs prior year
Spent
$250K
To programs
93%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$32K
FY2023▼ -78%
Revenue by fiscal year
FY2020$54K
FY2021$124K
FY2022$145K
FY2023$32K
FY2024$22K
FY2025$74K
Expenses
$250K
FY2023▼ -15%
Expenses by fiscal year
FY2020$413K
FY2021$96K
FY2022$295K
FY2023$250K
FY2024$225K
FY2025$308K
Net assets
$1.7M
FY2023▼ -1%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
FY2025$1.6M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CSchoellerman Foundation
EINHdr · item D33-0844075
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1999
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNewport Beach, CA
NTEE classificationIRS BMFEducation (B12)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$233K
Management & general7%$17K
Total functional expensesLn 25$250K

Finances

Money in and out, what it owns and owes

Net inflow
-671%
revenue over expenses, this year
Pass-through gifts
6%
of revenue from contributions
Program spending
93%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.7M
FY2023▼ -1%
Total assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
FY2025$1.6M
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19−$218K
Total assetsPt X · Ln 16$1.7M
Spent on programsPt IX · col B93%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed2.9

Statement of Revenue

Part VIII
Investment income$31K · 94%
Contributions & grants$2K · 6%
Investment income94%$31K
Contributions & grants6%$2K
Total revenueLn 12$32K

Money in detail

Form 990 · FY2023 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $1.7M · Operating expenses/yr $250K
81.4 months
Where the money goes
Program services
Program services $233K · Total expenses $250K
93%
Management & General
Management & general $17K · Total expenses $250K
7%
Fundraising
Fundraising $0 · Total expenses $250K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $600
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $32K
6%
Government reliance
Government grants — · Total revenue $32K
—
Earned-income share
Program service revenue $0 · Total revenue $32K
0%
Investment reliance
Investment income $31K · Total revenue $32K
+94%
Program self-sufficiency
Program service revenue $0 · Total expenses $250K
0%
Growth & trend
Revenue change from last year
This year $32K · Prior year $145K
-78%
Net assets change over the year
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $32K · Expenses $250K
-671%
Debts compared to what it owns
Total liabilities — · Total assets $1.7M
—
Net assets compared to what it owns
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.7M
96%
People & payroll
Highest Reported Total Compensation
Individual Jack Schoellerman · Reported title President · Highest reported compensation $0 · Total expenses $250K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $250K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 93%——
Spent on management, % of spending 7%——
Fundraising cost, % of gifts 0%——
Revenue growth -78%——
Investment manager fees, % of assets 0.7%——
Legal fees, % of spending 0%——
Accounting fees, % of spending 0%——
Paid fundraiser fees, % of spending 0%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vivian Clecak
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Schoellerman Foundation executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds charitable groups aiding education, culture, family, health, and Catholic causes.

Provided by the organization

This section is blank until Schoellerman Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $233K of program spending, described in the organization's own filed words · FY2023.
01

Grants to charitable organizations that support educational & cultural programs; family issues; medical research & healthcare; and catholic organizations

$233Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 63 grants · $1.2M · 2020–2025
Maryknoll Fathers & BrothersFY2025$33,000
Human OptionsFY2025$30,500
Jesuit Refugee ServiceusaFY2025$30,000
Maryknoll SistersFY2025$28,000
Doctors Without Borders USAFY2025$25,500
USA for UnhcrFY2025$25,000
World Central KitchenFY2025$23,000
Orange County Community FdnFY2025$16,000
Sylvester Comp Cancer CenterFY2025$13,000
Gigis Playhouse Deerfield BaFY2025$12,000
Our Lady Queen of Angels CathFY2025$6,000
Hoag Hospital FoundationFY2025$6,000
Human Options INCCA · FY2024$25,000
World Central Kitchen IncorporatedDC · FY2024$23,000
Maryknoll SistersFY2024$23,000
Orange County Community FdnFY2024$17,000
Sylvester Comp Cancer CenterFY2024$13,000
USA for UnhcrFY2024$10,000
See all 63 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $74K$308K+240% 990 PDF
FY2024 $22K$225K-33% 990 PDF
FY2023 Viewing $32K$250K-78% 990 PDF
FY2022 $145K$295K+17% 990 PDF
FY2021 $124K$96K+130% 990 PDF
FY2020 $54K$413K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $32,475 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,800
VIII-1h Total contributions, gifts and grants$1,800
VIII-3 Investment incomeExcluded from tax $39,587$39,587
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$8,912−$8,912
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$8,912 · Excluded from tax $39,587$32,475
Part IX · Statement of functional expenses $250,221 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $233,170$233,170
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $12,379$12,379
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $4,672$4,672
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $233,170 · Management $17,051 · Fundraising $0$250,221
Part X · Balance sheet $1,697,091 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $53,053$37,128
X-2 Savings and temporary cash investmentsStart of year $9,052$23,976
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,657,195$1,635,987
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,719,300$1,697,091
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,719,300$1,697,091
X-33 Total liabilities and net assetsStart of year $1,719,300$1,697,091
Part XI · Reconciliation of net assets $1,697,091 net assets at year end
XI-1 Total revenue$32,475
XI-2 Total expenses$250,221
XI-3 Revenue less expenses−$217,746
XI-4 Net assets at start of year$1,719,300
XI-5 Net unrealized gains (losses) on investments$195,537
XI-10 Net assets at end of year$1,697,091

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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