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EIN 85-3967606

SchermCo Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Charlotte
State
North Carolina
Year formed
2020
Most recent tax filings
2023-12-01
NTEE code, primary
B02: Education Management and Technical Assistance
Description
The organization was formed to further invest and support equity in education. Increase educational equity by investing in supporting organizations.
Total revenues
$245,546
2023
Total expenses
$159,917
2023
Total assets
$285,672
2023
Num. employees
2
2023

Program areas at SchermCo Foundation

Increase educational equity by investing in supporting organizations through family empowerment, strategic implementation services, and workforce development

Who funds SchermCo Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Blackbaud Giving FundGeneral Support$20,000
AmazonSmile FoundationGeneral Support$26

Personnel at SchermCo Foundation

NameTitleCompensation
Gregory SchermbeckChair
Brandon ZieglerTreasurer$0
Greg SchermbeckBoard Chair$0
Lori SchermbeckSecretary$0

Financials for SchermCo Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$130,952
Program services$111,890
Investment income and dividends$2,704
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$245,546

Form 990s for SchermCo Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-20990View PDF
2022-122023-05-10990EZView PDF
2021-122022-04-27990EZView PDF
2020-122021-07-02990EZView PDF

Organizations like SchermCo Foundation

OrganizationLocationRevenue
Global Business Success FoundationBroken Arrow, OK$219,623
Central and Eastern European Schools Association (CESSA)Flagtown, NJ$1,192,051
Timothy Smith NetworkRoxbury, MA$1,092,238
Challenge Foundation GroupForest City, NC$842,174
Center for Courage and RenewalGreenville, SC$1,166,324
HSBWyoming, MI$528,304
Good Jobs InstituteCambridge, MA$901,944
Branching Out Educational ConsultantsTucson, AZ$207,983
MicroSocietyPhiladelphia, PA$805,210
Stacks JoulesWashington, DC$549,069
Data update history
July 18, 2024
Updated personnel
Identified 4 new personnel
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 9, 2024
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from The Blackbaud Giving Fund
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Management and technical assistanceTax deductible donationsAccepts online donations
General information
Address
809 Westmere Ave C146
Charlotte, NC 28208
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
scherm.co/ 
Phone
(419) 367-0119
IRS details
EIN
85-3967606
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B02: Education Management and Technical Assistance
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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