Nonprofits›Schermco Foundation Inc
Education
Schermco Foundation Inc
CHARLOTTE, NC
Total revenue
$350K
Total expenses
$312K
Net assets
$307K
Grants received
$115K
5 grants
EIN
853967606
Tax year
2024
Mission
The organization was formed to further invest and support equity in education.
Financials
FY 2024
Revenue
Contributions & grants$134K
Program service revenue$209K
Investment income$7K
Other revenue—
Total revenue$350K
Expenses
Grants paid—
Salaries & benefits$182K
Fundraising—
Other expenses$130K
Total expenses$312K
Total assets$321K
Net assets$307K
People
4 listed
NameRoleCompensation
Greg Schermbeck
Board Chair
Board
—
1 hrs/wk
Lori Schermbeck
Secretary
Board
—
1 hrs/wk
Brandon Zeigler
Treasurer
Board
—
1 hrs/wk
Crystal Rountree
Director
Board
—
1 hrs/wk
Grants received
Showing 5 of 5
FromAmountPurposeYear
Funded by
$115K from 4 funders · 5 grants · 2022–2024
Ally Charitable Foundation
$45K · 2 grants · 2023–2024
Truist Foundation Inc
$25K · 1 grant · 2023
Community Foundation Of Greater
$25K · 1 grant · 2024
The Blackbaud Giving Fund
$20K · 1 grant · 2022
Details
EIN853967606
NTEE codeB02
Subsection03
Ruling date2021-02
Formed2020
Employees3
Volunteers4