Overview
What is Schermco Foundation?
The Schermco Foundation is a nonprofit organization that focuses on investing in organizations with a mission to promote educational equity. By providing financial support, they aim to amplify the efforts of these organizations and contribute to the broader goal of ensuring equal opportunities in education for all. The foundation's activities are guided by its mission to invest in and strengthen organizations that share this vision, thereby fostering a more equitable educational landscape.
Official website here: www.scherm.co
Is Schermco Foundation legitimate?
Schermco Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schermco Foundation submitted a form 990EZ, 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: $55,980
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Official website here: www.scherm.co
What is the mission statement of Schermco Foundation?
The SchermCo Foundation focuses its investments on organizations that share a mission to promote educational equity. By supporting these organizations, the foundation aims to contribute to the broader goal of ensuring equal opportunities for learning. The SchermCo Foundation's activities are guided by its mission to back initiatives that work towards reducing educational disparities. It invests in various initiatives to advance this cause, contributing to a more equitable education landscape. By supporting organizations with this mission, the SchermCo Foundation is actively participating in efforts to bridge educational gaps.
Official website here: www.scherm.co
What is the revenue of Schermco Foundation?
Schermco Foundation's revenue in 2023 was $245,546.
Official website here: www.scherm.co
Who are the executives of Schermco Foundation and what are their salaries?
The average compensation at Schermco Foundation during 2023 was $27,990. There are 2 employees and 4 volunteers at Schermco Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.scherm.co
Where can I find the form 990 for Schermco Foundation?
Schermco Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scherm.co
Learn more at the official website: www.scherm.co
Mission Statement of Schermco Foundation
The Schermco Foundation is committed to backing organizations that share a mission to foster educational equity. In essence, this foundation aims to facilitate the growth and success of nonprofit entities that work towards bridging the education disparities existing in various communities. By investing in these organizations, Schermco Foundation contributes significantly to the broader goal of ensuring equitable access to quality education for all, irrespective of their socio-economic backgrounds or other potential barriers.
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Impact
October, 2024
The SchermCo Foundation has a significant impact on increasing educational equity in the Charlotte, NC area. By investing in organizations dedicated to this mission, the foundation helps to address disparities in access to quality education and resources. This support enables various initiatives aimed at improving educational opportunities for underserved communities, thereby fostering a more inclusive and equitable learning environment for all students. Through these efforts, the SchermCo Foundation is contributing to a transformative change in the educational landscape, benefiting not only individuals but also the broader community as a whole.
This information is meant to be a general summary of Schermco 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 2023.
- Investment Income: $2,704
- Program Service Revenue: $111,890
- Gross Receipts: $245,546
Assets and Liabilities:
- Total Assets: $184,329
- Total Liabilities: $0
- Net Assets: $184,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Support
Revenue
$111,890
Organization Details
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