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Filing year 2024

MICHAEL AND KAREN SCHLEY FOUNDATION

Raleigh, North Carolina·EIN 47-5393391·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$193k
Total assets
$5.9M
Total expenses
$326k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. MICHAEL AND KAREN SCHLEY FOUNDATION reported 2 unpaid officers and board members on its 990-PF.

Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$286k

Itemized grants

8

Median grant

$12k

RecipientLocationPurposeAmount
NC JUSTICE CENTERRALEIGH, NCTO ELIMINTE POVERTY IN NORTH CAROLINA BY ENSURING THAT EVERY HOUSEHOLD IN THE STATE HAS ACCESS TO THE RESOURCES, SERVICES, AND FAIR TREATMENT IT NEEDS TO ACHIEVE ECONOMIC SECURITY.$103k
KONGONI NETWORK COMMUNITY BASED ORGANIZATIONNAIROBI, KEIMPROVING COMPUTER AND READING SKILLS IN KENYA PRIMARY AND SECONDARY SCHOOLS AND FOR CONSTRUCTION OF THE KONGONI COMMUNITY LIBRARY.$80k
NORTH RALEIGH MINISTRIES INCRALEIGH, NCPROVIDE EMERGENCY ASSISTANCE TO RESIDENTS IN NORTH RALEIGH EXPERIENCING CRISIS AND NEEDING HELP WITH ESSENTIAL HUMAN NEEDS.$55k
MILLBROOK MAGNET HIGH SCHOOL PTSARALEIGH, NCFUND SCHOLARSHIPS TO DESERVING STUDENTS TO GO TO WAKE TECH COMMUNITY COLLEGE$14k
FAITH MINISTRYMCALLEN, TXTO BUILD HOUSES, SPONSOR CHILDREN, MEET SPIRTITUAL AND MEDICAL NEEDS, AND PROVIDE A COMMUNITY OF FELLOWSHIP.$10k
HOPE COLLEGEHOLLAND, MIEDUCATING STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY.$10k
THE IFMA FOUNDATIONHOUSTON, TXPROMOTING EDUCATION FOR THE FACILITY MANAGEMENT PROFESSION AROUND THE WORLD AND MAKING FM A CAREER OF CHOICE.$10k
SAINT ANDREWS PRESBYTERIAN CHURCHRALEIGH, NCJOINING TOGETHER AS A COMMUNITY TO SERVE THE MOST VULNERABLE.$4k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MICHAEL AND KAREN SCHLEY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.1M
$245k
2023
$193k
$326k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

MICHAEL AND KAREN SCHLEY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in North Carolina earns a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina
FAQ

Common questions about MICHAEL AND KAREN SCHLEY FOUNDATION

What are MICHAEL AND KAREN SCHLEY FOUNDATION's revenue and expenses?

In 2024, MICHAEL AND KAREN SCHLEY FOUNDATION reported $193k in total revenue and $326k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.