Nonprofit · EIN 84-2353137
DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,430,476 | $1,061,569 | $368,907 | $949,129 | $123 | $949,006 |
| December 31, 2023 | 990-PF | $975,029 | $987,748 | -$12,719 | $580,222 | $123 | $580,099 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,398,259
- Dividends
- $22,800
- Interest
- $31
- Net gain from sales of assets
- $9,386
Expenses
- Grants and similar amounts paid
- $1,045,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,051,916
- Excise tax on investment income
- $314
Balance sheet and other
- Total assets, start of year
- $580,222
- Total assets, end of year
- $949,129
- Total liabilities, end of year
- $123
- Net assets, end of year
- $949,006
- Fair market value of assets
- $1,047,063
- Qualifying distributions
- $1,051,916
- Net investment income
- $32,217
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY S SCHACHNE 30 N HARBOR DRIVE, PORTSMOUTH, RI 02871 | PRESIDENT | 2.5 | $0 |
| SYDNEY N SCHACHNE 65 HAMLET DRIVE, COMMACK, NY 11725 | VICE PRESIDENT | 2.5 | $0 |
| IAN SCHACHNE C/O JAY SCHACHNE 30 N HARBOR DRIVE, PORTSMOUTH, RI 02871 | SECRETARY/TREASURER | 2.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY S SCHACHNE 30 N HARBOR DRIVE, PORTSMOUTH, RI 02871 | PRESIDENT | 2.5 | $0 |
| SYDNEY N SCHACHNE 65 HAMLET DRIVE, COMMACK, NY 11725 | VICE PRESIDENT | 2.5 | $0 |
| IAN SCHACHNE C/O JAY SCHACHNE 30 N HARBOR DRIVE, PORTSMOUTH, RI 02871 | SECRETARY/TREASURER | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- CO MCLAUGHLIN STERN LP, NEW YORK, NY 10016-0000
- In care of
- % MCLAUGHLIN & STERN LP
- Signed the 990-PF
- JAY SCHACHNE, TREASURER
- Phone
- (516) 228-9000
- Return prepared by
- EISNER ADVISORY GROUP 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-2353137
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $949,129
- Income (IRS master file)
- $1,677,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,430,476 | $1,061,569 | $949,129 | IRS |
| 990-PF | December 2023 | $975,029 | $987,748 | $580,222 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 84-2353137).
Questions about DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC
- What is the EIN of DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC is 84-2353137.
- Is DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC 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 DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC 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 DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does DOROTHY AND DAVID SCHACHNE CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,430,476, expenses of $1,061,569 and total assets of $949,129 at year end.
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