Overview
What is Phillip G Schrager And Terri L Schrager Foundation?
The Phillip G Schrager and Terri L Schrager Foundation is a philanthropic organization situated in Omaha, Nebraska. Their primary focus is to support the Jewish Federation of Omaha, Inc., an organization dedicated to fostering a robust and engaged Jewish community both locally and globally, as well as aiding Jews worldwide. The Schrager Foundation contributes financially to various initiatives undertaken by the Jewish Federation of Omaha, such as granting scholarships, offering financial aid to those in need, and sponsoring educational and cultural programs. They also contribute to other charitable, educational, religious, or scientific organizations that adhere to the guidelines outlined in IRC Section 501(c)(3). The Foundation's activities aim to improve the lives of individuals within the Jewish community and beyond, through financial support and partnership.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Phillip G Schrager And Terri L Schrager Foundation has received a Three-Star rating from Charity Navigator, reflecting overall accountability and financial health. The rating is calculated entirely from a single beacon score for Accountability & Finance, indicating a strong focus in this area. The foundation has demonstrated a fully independent board, with all 10 members being independent, which is a positive indicator of governance.
The foundation excels in several categories, including having a conflict of interest policy and whistleblower policy in place, both of which are crucial for transparency and ethical operations. Additionally, they have been noted for maintaining no material diversion of assets and a healthy liabilities-to-assets ratio of 0.00%, which suggests that the organization is financially stable and effectively manages its resources.
However, the foundation's program expense ratio stands at 55.76%, which is relatively low and indicates that a smaller portion of its expenses is directed toward programs compared to administrative or fundraising costs. This could be a point of concern for potential donors looking to maximize their impact through their contributions. Overall, while the foundation shows strengths in governance and financial management, its program expenditure may benefit from closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Phillip G Schrager And Terri L Schrager Foundation legitimate?
Phillip G Schrager And Terri L Schrager Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillip G Schrager And Terri L Schrager Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Phillip G Schrager And Terri L Schrager Foundation?
The Phillip G Schrager And Terri L Schrager Foundation supports initiatives primarily focused on charitable, educational, religious, and scientific purposes, as outlined in IRC Section 501(c)(3). Specifically, it assists the Jewish Federation of Omaha, Inc. in its mission to cultivate a robust and connected Jewish community, both locally and globally. The foundation's contributions help fund scholarships, financial aid for those in need, and a variety of educational and cultural programs under the Federation's auspices. Additionally, the foundation extends its support to other organizations with similar charitable objectives. In essence, the Schrager Foundation aims to enhance the work of these organizations, contributing to diverse sectors and causes.
Who is the CEO of Phillip G Schrager And Terri L Schrager Foundation?
Terri Schrager is the President of Phillip G Schrager And Terri L Schrager Foundation.
What is the revenue of Phillip G Schrager And Terri L Schrager Foundation?
Phillip G Schrager And Terri L Schrager Foundation's revenue in 2022 was $22,719.
Who are the executives of Phillip G Schrager And Terri L Schrager Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Phillip G Schrager And Terri L Schrager Foundation?
Phillip G Schrager And Terri L Schrager Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phillip G Schrager And Terri L Schrager Foundation
The Phillip G Schrager and Terri L Schrager Foundation is committed to supporting the activities of organizations that operate for charitable, educational, religious, or scientific purposes, as outlined in IRC Section 501(c)(3). This philanthropic entity conducts and funds initiatives primarily in collaboration with the Jewish Federation of Omaha, Inc., which strives to build and maintain a robust and engaged Jewish community both locally and globally. The foundation's contributions to the Jewish Federation of Omaha, Inc., include funding for various programs that cater to the Jewish community's needs, such as offering scholarships, providing financial assistance to those in need, and sponsoring educational and cultural events. By supporting these endeavors, the Phillip G Schrager and Terri L Schrager Foundation aims to contribute positively to the Jewish community and enhance its overall well-being.
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Impact
October, 2024
The Phillip G. Schrager and Terri L. Schrager Foundation significantly impacts the Jewish community in Omaha and beyond by providing substantial financial support to the Jewish Federation of Omaha, Inc. In recent years, it awarded grants totaling $150,557, enabling various programs aimed at building a vibrant Jewish community and supporting Jews locally and globally.
These grants facilitate scholarships, financial assistance for those in need, and provide essential educational and cultural programming. Through its contributions, the foundation enhances community cohesion and access to vital resources, helping to sustain and enrich Jewish life in the region and support initiatives that align with charitable, educational, religious, and scientific purposes. The foundation’s efforts underscore its commitment to philanthropy and the well-being of the community it serves.
This information is meant to be a general summary of Phillip G Schrager And Terri L Schrager Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,719
- Gross Receipts: $22,719
Assets and Liabilities:
- Total Assets: $1,869,541
- Total Liabilities: $0
- Net Assets: $1,869,541
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Organization Details
Founding Year
1984
Phone
(402) 334-6466Principal Officer
Terri Schrager
Main Address
333 S 132 Street, Omaha, NE, 68154
NTEE Category
Code: T00 - Philanthropy
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