Nonprofit · EIN 23-7051147
MILTON SCHAMACH FOUNDATION INC
Tax-exempt · SADDLE BROOK, NJ 07663
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $55,327 | $88,049 | -$32,722 | $686,601 | $0 | $686,601 |
| August 31, 2024 | 990-PF | $64,122 | $70,694 | -$6,572 | $719,323 | $0 | $719,323 |
| August 31, 2023 | 990-PF | $36,076 | $37,756 | -$1,680 | $725,895 | $0 | $725,895 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Dividends
- $14,778
- Interest
- $5,521
- Net gain from sales of assets
- $35,028
Expenses
- Grants and similar amounts paid
- $50,000
- Compensation of officers, directors and key employees
- $16,100
- Disbursements for charitable purposes
- $62,075
- Excise tax on investment income
- $723
Balance sheet and other
- Total assets, start of year
- $719,323
- Total assets, end of year
- $686,601
- Total liabilities, end of year
- $0
- Net assets, end of year
- $686,601
- Fair market value of assets
- $844,158
- Qualifying distributions
- $62,075
- Net investment income
- $55,327
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENE SCHAMACH PO BOX 374, FAIR LAWN, NJ 07410 | SENIOR VICE PRESIDENT/TRUS | 0.1 | $2,300 |
| HOWARD SCHAMACH 8722 ESCONDIDO WAY E, BOCA RATON, FL 33433 | PRESIDENT/TREASURER/TRUSTE | 0.1 | $2,300 |
| MICHAEL SCHAMACH 7 WIPPOORWILL DRIVE, PETERSBURG, NJ 08270 | THIRD VICE PRESIDENT/TRUST | 0.1 | $2,300 |
| NANCY FREEDMAN 16 HARRYS COURT, PALERMO, NJ 08230 | SECOND VICE PRESIDENT/TRUS | 0.1 | $2,300 |
| JUSTIN SCHAMACH 12 DEBOW TERRACE, POMPTON PLAINS, NJ 07444 | SECRETARY/TRUSTEE | 0.1 | $2,300 |
| MITCH FREEDMAN 16 HARRYS COURT, PALERMO, NJ 07230 | TRUSTEE | 0.1 | $2,300 |
| CONSUELO SCHAMACH 8722 ESCONDIDO WAY E, BOCA RATON, FL 33433 | TRUSTEE | 0.1 | $2,300 |
990-PF for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENE SCHAMACH PO BOX 374, FAIR LAWN, NJ 07410 | SENIOR VICE PRESIDENT/TRUS | 0.1 | $1,200 |
| HOWARD SCHAMACH 8722 ESCONDIDO WAY E, BOCA RATON, FL 33433 | PRESIDENT/TREASURER/TRUSTE | 0.1 | $1,200 |
| MICHAEL SCHAMACH 7 WIPPOORWILL DRIVE, PETERSBURG, NJ 08270 | THIRD VICE PRESIDENT/TRUST | 0.1 | $1,200 |
| NANCY FREEDMAN 16 HARRYS COURT, PALERMO, NJ 08230 | SECOND VICE PRESIDENT/TRUS | 0.1 | $1,200 |
| JUSTIN SCHAMACH 12 DEBOW TERRACE, POMPTON PLAINS, NJ 07444 | SECRETARY/TRUSTEE | 0.1 | $1,200 |
| MITCH FREEDMAN 16 HARRYS COURT, PALERMO, NJ 07230 | TRUSTEE | 0.1 | $1,200 |
| CONSUELO SCHAMACH 8722 ESCONDIDO WAY E, BOCA RATON, FL 33433 | TRUSTEE | 0.1 | $1,200 |
990-PF for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENE SCHAMACH PO BOX 374, FAIR LAWN, NJ 07410 | SENIOR VICE PRESIDENT/TRUS | 0.1 | $250 |
| HOWARD SCHAMACH 8722 ESCONDIDO WAY E, BOCA RATON, FL 33433 | PRESIDENT/TREASURER/TRUSTE | 0.1 | $250 |
| RHODA SCHAMACH PO BOX 374, FAIR LAWN, NJ 07410 | ASST TREASURER/ASST SECY/T | 0.1 | $250 |
| MICHAEL SCHAMACH 7 WIPPOORWILL DRIVE, PETERSBURG, NJ 08270 | THIRD VICE PRESIDENT/TRUST | 0.1 | $250 |
| NANCY FREEDMAN 16 HARRYS COURT, PALERMO, NJ 08230 | SECOND VICE PRESIDENT/TRUS | 0.1 | $250 |
| JUSTIN SCHAMACH 12 DEBOW TERRACE, POMPTON PLAINS, NJ 07444 | SECRETARY/TRUSTEE | 0.1 | $250 |
Address and contacts
- Address (IRS master file)
- CO DORFMAN 250 PEHLE AVE 702, SADDLE BROOK, NJ 07663-0000
- In care of
- % JAY RUBENSTEIN ESQ
- Signed the 990-PF
- HOWARD SCHAMACH, PRESIDENT/TREASURER
- Phone
- (201) 317-0714
- Return prepared by
- DORFMAN ABRAMS MUSIC LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 23-7051147
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1970
- Accounting year ends
- August
- Files
- Form 990-PF
- Assets (IRS master file)
- $686,601
- Income (IRS master file)
- $345,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $55,327 | $88,049 | $686,601 | XML |
| 990-PF | August 2024 | $64,122 | $70,694 | $719,323 | XML |
| 990-PF | August 2023 | $36,076 | $37,756 | $725,895 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
| 990-PF | August 2019 | – | – | – | IRS |
| 990-PF | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7051147).
Questions about MILTON SCHAMACH FOUNDATION INC
- What is the EIN of MILTON SCHAMACH FOUNDATION INC?
- The employer identification number (EIN) of MILTON SCHAMACH FOUNDATION INC is 23-7051147.
- Is MILTON SCHAMACH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to MILTON SCHAMACH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MILTON SCHAMACH FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MILTON SCHAMACH FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILTON SCHAMACH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of MILTON SCHAMACH FOUNDATION INC?
- The 990-PF for the year ended August 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $2,300 (GENE SCHAMACH, SENIOR VICE PRESIDENT/TRUS).
- How much revenue does MILTON SCHAMACH FOUNDATION INC have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $55,327, expenses of $88,049 and total assets of $686,601 at year end.
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