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Nonprofit · EIN 36-3485274

SCHIFF FOUNDATION INCORPORATED

Tax-exempt · NORTHBROOK, IL 60062

Financials

$368K$1.3M2023$961K$1.3M2024
Revenue Expenses · by fiscal year end
Financials of SCHIFF FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$960,860$1,281,933-$321,073$5,393,970$50,000$5,343,970
December 31, 2023990-PF$367,563$1,269,765-$902,202$5,665,043$0$5,665,043
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$288,860
Net gain from sales of assets
$671,963
Other income
$37

Expenses

Grants and similar amounts paid
$1,166,667
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,178,281
Excise tax on investment income
$11,992

Balance sheet and other

Total assets, start of year
$5,665,043
Total assets, end of year
$5,393,970
Total liabilities, end of year
$50,000
Net assets, end of year
$5,343,970
Fair market value of assets
$11,116,352
Qualifying distributions
$1,178,281
Net investment income
$960,860

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARGOT LEVIN
5 REVERE DRIVE, NORTHBROOK, IL 60062
PRESIDENT, DIRECTOR2$0
LESLIE ANN SCHIFF
5 REVERE DRIVE, NORTHBROOK, IL 60062
SECRETARY, DIRECTOR1$0
STEVEN SPECTOR
5 REVERE DRIVE, NORTHBROOK, IL 60062
TREASURER, REGISTERED AGENT2$0
DAVID SCHIFF
5 REVERE DRIVE, NORTHBROOK, IL 60062
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
MARGOT LEVIN
5 Revere Drive 430, Northbrook, IL 60062
PRESIDENT/DIRECTOR2$0
LESLIE ANN SCHIFF
5 Revere Drive 430, Northbrook, IL 60062
SECRETARY/DIRECTOR1$0
DAVID SCHIFF
5 Revere Drive 430, Northbrook, IL 60062
DIRECTOR1$0
STEVEN SPECTOR
5 Revere Drive 430, Northbrook, IL 60062
TREASURER2$0

Address and contacts

Address (IRS master file)
5 REVERE DR STE 430, NORTHBROOK, IL 60062-1583
In care of
% STEVEN SPECTOR LLC
Signed the 990-PF
STEVEN SPECTOR, TREASURER
Phone
(312) 357-9400
Return prepared by
Steven Spector 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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
36-3485274
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
1988
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$5,393,970
Income (IRS master file)
$1,424,788

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$960,860$1,281,933$5,393,970XML
990-PFDecember 2023$367,563$1,269,765$5,665,043XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 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 36-3485274).

Questions about SCHIFF FOUNDATION INCORPORATED

What is the EIN of SCHIFF FOUNDATION INCORPORATED?
The employer identification number (EIN) of SCHIFF FOUNDATION INCORPORATED is 36-3485274.
Is SCHIFF FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to SCHIFF FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SCHIFF FOUNDATION INCORPORATED file?
Form 990-PF. Private foundations file every year.
When is the next return of SCHIFF FOUNDATION INCORPORATED due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHIFF FOUNDATION INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of SCHIFF FOUNDATION INCORPORATED?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does SCHIFF FOUNDATION INCORPORATED have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $960,860, expenses of $1,281,933 and total assets of $5,393,970 at year end.

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