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EIN 47-5393391

Michael and Karen Schley Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Raleigh
State
North Carolina
Year formed
2016
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Michael and Karen Schley Foundation is a private foundation located in Raleigh, NC. It primarily funds to eliminate poverty in North Carolina by ensuring that every household in the state has access to the resources, services, and fair treatment it needs to achieve. The foundation made seven grants last year, including Akhonya Development Cbo and others.
Total revenues
$4,088,327
2023
Total expenses
$244,500
2023
Total assets
$6,039,148
2023
Num. employees
0
2023

Grants made by Michael and Karen Schley Foundation

GranteeGrant descriptionAmount
North Carolina Environmental Justice NetworkTo Eliminte Poverty in North Carolina By Ensuring That Every Household in the State Has Access To the Resources, Services, and Fair Treatment It Needs To Achieve Economic Security.$71,000
North Raleigh MinistriesProvide Emergency Assistance To Residents in North Raleigh Experiencing Crisis and Needing Help With Essential Human Needs.$20,000
Faith Ministry Ministerio de FeTo Build Houses, Sponsor Children, Meet Spirtitual and Medical Needs, and Provide A Community of Fellowship.$5,000

Personnel at Michael and Karen Schley Foundation

NameTitleCompensation
Michael SchleyDirector$0

Financials for Michael and Karen Schley Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,000,000
Investment income and dividends$88,693
Net rental income$0
Net gain from sale of non-inventory assets$-366
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,088,327

Form 990s for Michael and Karen Schley Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-07-07990PFView PDF
2019-122021-06-09990PFView PDF
...and 4 more Form 990s

Organizations like Michael and Karen Schley Foundation

OrganizationLocationRevenue
The Salmon FoundationNew York, NY$1,236,213
JAN-10 FoundationSpringdale, AR$1,294,058
Perry Family Charitable FoundationChicago, IL$2,133,968
The Green FundNew York, NY$1,108,845
Beatrice Snyder FoundationWest Palm Beach, FL$1,821,282
The Wu and Yan Family FoundationPurchase, NY$1,109,977
Cacajones Family FoundationBirmingham, AL$1,552,847
The Duncan FundHouston, TX$1,534,806
Lakota FoundationSt Petersburg, FL$1,744,681
Marc and Jeanne Malnati Family FoundationChicago, IL$2,811,000
Data update history
January 11, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
August 13, 2022
Posted financials
Added Form 990PF for fiscal year 2020
October 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 24, 2021
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
PO Box 27443
Raleigh, NC 27611
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Phone
(919) 810-0060
IRS details
EIN
47-5393391
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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