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Schacknow Family Foundation Inc

  • Palm Bch Gdns, FL
  • Tax-exempt since Nov. 2015
  • EIN: 47-4619028

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$294k (2024)

Expenses
$322k (2024)

Total Assets
$4.34M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2015 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$294,487
Expenses
$322,117
Net Income
-$27,630
Net Assets
$4,336,482
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $267
0.1%
Dividends $150,276
51.0%
Sales of Assets $143,944
48.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $237,100
73.6%
Compensation of Officers* $106,425
33.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,336,482
Total Liabilities $0
Net Assets $4,336,482
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $41,388 $0
Sharma Schacknow (Secretary) $41,388 $0
Jeffrey Schacknow (Board Member) $23,649 $0

Document Links

990-PF
Filed on May 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,254
Expenses
$382,395
Net Income
-$247,141
Net Assets
$4,364,112
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $187
0.1%
Dividends $139,874
> 100%
Sales of Assets -$4,807
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $295,113
77.2%
Compensation of Officers* $104,006
27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,364,112
Total Liabilities $0
Net Assets $4,364,112
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $40,447 $0
Sharma Schacknow (Secretary) $40,447 $0
Jeffrey Schacknow (Board Member) $23,112 $0

Document Links

990-PF
Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$185,912
Expenses
$312,742
Net Income
-$126,830
Net Assets
$4,611,253
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $130,629
70.3%
Sales of Assets $55,283
29.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $228,701
73.1%
Compensation of Officers* $96,750
30.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,611,253
Total Liabilities $0
Net Assets $4,611,253
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $37,625 $0
Sharma Schacknow (Secretary) $37,625 $0
Jeffrey Schacknow (Board Member) $21,500 $0

Document Links

990-PF
Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$127,958
Expenses
$378,321
Net Income
-$250,363
Net Assets
$4,738,083
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $130,054
> 100%
Sales of Assets -$2,096
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $283,392
74.9%
Compensation of Officers* $96,750
25.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,738,083
Total Liabilities $0
Net Assets $4,738,083
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $37,625 $0
Sharma Schacknow (Secretary) $37,625 $0
Jeffrey Schacknow (Board Member) $21,500 $0

Document Links

990-PF
Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$146,880
Expenses
$369,942
Net Income
-$223,062
Net Assets
$4,988,445
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.0%
Dividends $140,467
95.6%
Sales of Assets $6,400
4.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $278,591
75.3%
Compensation of Officers* $96,750
26.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,988,446
Total Liabilities $1
Net Assets $4,988,445
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $37,625 $0
Sharma Schacknow (Secretary) $37,625 $0
Jeffrey Schacknow (Board Member) $21,500 $0

Document Links

990-PF
Filed on May 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$146,664
Expenses
$357,361
Net Income
-$210,697
Net Assets
$5,211,507
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,453
5.1%
Dividends $146,608
100.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $267,468
74.8%
Compensation of Officers* $96,218
26.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,211,508
Total Liabilities $1
Net Assets $5,211,507
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $37,416 $0
Sharma Schacknow (Secretary) $37,416 $0
Jeffrey Schacknow (Board Member) $21,385 $0

Document Links

990-PF
Filed on May 22, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,231
Expenses
$455,797
Net Income
-$384,566
Net Assets
$5,422,205
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,000
7.0%
Dividends $138,095
> 100%
Sales of Assets -$71,864
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $360,366
79.1%
Compensation of Officers* $90,000
19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,424,322
Total Liabilities $2,117
Net Assets $5,422,205
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $35,000 $0
Sharma Schacknow (Secretary) $35,000 $0
Jeffrey Schacknow (Board Member) $20,000 $0

Document Links

990-PF
Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$236,630
Expenses
$295,823
Net Income
-$59,193
Net Assets
$5,806,771
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,000
2.1%
Dividends $139,490
58.9%
Sales of Assets $91,012
38.5%
Other Income $1,128
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $199,267
67.4%
Compensation of Officers* $90,000
30.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,808,452
Total Liabilities $1,681
Net Assets $5,806,771
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $35,000 $0
Sharma Schacknow (Secretary) $35,000 $0
Jeffrey Schacknow (Board Member) $20,000 $0

Document Links

990-PF
Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$164,543
Expenses
$386,050
Net Income
-$221,507
Net Assets
$5,865,964
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,750
6.5%
Dividends $131,014
79.6%
Sales of Assets $16,843
10.2%
Other Income $5,936
3.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $275,309
71.3%
Compensation of Officers* $90,000
23.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,867,650
Total Liabilities $1,686
Net Assets $5,865,964
Compensation
Key Employees and Officers Compensation Other
Dr Paul Schacknow (President) $35,000 $0
Sharma Schacknow (Secretary) $35,000 $0
Jeffrey Schacknow (Board Member) $20,000 $0

Document Links

990-PF
Filed on May 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$94,162
Expenses
$548
Net Income
$93,614
Net Assets
$6,087,471
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $40,561
43.1%
Sales of Assets $53,601
56.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $548
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,087,471
Total Liabilities $0
Net Assets $6,087,471

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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