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Nonprofiteer
← PHILLIP G SCHRAGER AND TERRI L SCHRAGER FOUNDATION

Form 990 for tax year 2023

Filed by PHILLIP G SCHRAGER AND TERRI L SCHRAGER FOUNDATION.

Totals

Total revenue
$12,649
Total expenses
$175,591
Contributions and grants received
$0
Grants paid
$110,950
Program service revenue
$0
Investment income
$12,649
Other revenue
$0
Total assets, end of year
$2,396,266
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,396,266
Program services expenses (Part IX)
$110,950
Management and general expenses
$64,641
Fundraising expenses
$0
Program service expenses (Part III)
$110,950

Program services were 63.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $12,649 · related or exempt $0 · unrelated business $0 · excluded $12,649

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,950 · program services $110,950

  • 11a · Fees: management

    total $6,000 · management and general $6,000

  • 11f · Fees: investment management

    total $25,467 · management and general $25,467

  • 24a · Other expenses: Realized loss on investments

    total $33,174 · program services $0 · management and general $33,174 · fundraising $0

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,869,541 · end of year $2,396,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,869,541 · end of year $2,396,266

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The Phillip & Terri Schrager Supporting Foundation conducts and supports activities for the benefit of the Jewish Federation of Omaha, Inc. and other organizations operated exclusively for charitable, educational, religious or scientific purposes as described in IRC Section 501(c)(3).

Activities or mission (Part I)

Supports programs of the Jewish Federation of Omaha, Inc. and other organizations operated exclusively for charitable, educational, religious or scientific purposes as described in IRC Section 501(c)(3).

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $80,371 · Grants $80,371

  • The Phillip & Terri Schrager Supporting Foundation granted $25,579 to Jewish Federations of North America to support its assistance to Israel after the Hamas attack in October 2023.

    Expenses $25,579 · Grants $25,579

  • The Phillip & Terri Schrager Supporting Foundation granted $5,000 to the Jewish Federation of Omaha Foundation to provide financial support for a musical program which preserves and performs music composed by concentration camp prisoners during the Holocaust.

    Expenses $5,000 · Grants $5,000

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Terri Schrager

    President

    Total calculated
    $0
    Hours/week
    0.1

  • Martin C Ricks

    Vice President

    Total calculated
    $0
    Hours/week
    0.1

  • Howard N Epstein

    Secretary Treasurer

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202411369349308561

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