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Filing year 2024

SCHUMANN FUND FOR NEW JERSEY INC

Montclair, New Jersey·EIN 52-1556076·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1.5M
Total assets
$33.7M
Total expenses
$2.4M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New Jersey.

Executive Director
75th to 90th percentile
$226k
$244k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SCHUMANN FUND FOR NEW JERSEY INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
10%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

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

Total granted

$1.4M

Itemized grants

58

Median grant

$25k

RecipientLocationPurposeAmount
ADVOCATES FOR CHILDREN OF NEW JERSEYNEWARK, NJOPERATING SUPPORT$75k
RUTGERS CHILD ADVOCACY CLINIC OF RUTGERS LAW SCHOOLNEWARK, NJPROGRAM/PROJECT SUPPORT$55k
CLINTON HILL COMMUNITY ACTIONNEWARK, NJOPERATING SUPPORT$50k
MONARCH HOUSING ASSOCIATESCRANFORD, NJPROGRAM/PROJECT SUPPORT$50k
NEW YORK PUBLIC RADIO (NJ PUBLIC RADIO)NEW YORK, NYOPERATING SUPPORT$50k
PROGRAMS FOR PARENTSNEWARK, NJOPERATING SUPPORT$50k
IRONBOUND COMMUNITY CORPORATIONNEWARK, NJOPERATING SUPPORT$45k
NEW JERSEY CONSORTIUM FOR IMMIGRANT CHILDRENJERSEY CITY, NJPROGRAM/PROJECT SUPPORT$45k
FAIR SHARE HOUSING CENTERCHERRY HILL, NJOPERATING SUPPORT$40k
NEW JERSEY INSTITUTE FOR SOCIAL JUSTICENEWARK, NJOPERATING SUPPORT$40k
UNITED PARKS AS ONENEWARK, NJOPERATING SUPPORT$40k
URBAN LEAGUE OF ESSEX COUNTYNEWARK, NJOPERATING SUPPORT$40k
COUNCIL OF NEW JERSEY GRANTMAKERS (FIRST 1000 DAYS POLICY COALITION)EWING, NJPROGRAM/PROJECT SUPPORT$38k
FAMILY CONNECTIONSEAST ORANGE, NJPROGRAM/PROJECT SUPPORT$35k
FAMILY PROMISE OF ESSEX COUNTYMONTCLAIR, NJOPERATING SUPPORT$35k
MEETING ESSENTIAL NEEDS WITH DIGNITY (MEND)MAPLEWOOD, NJOPERATING SUPPORT$35k
BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS (BRICK) (SOUTH WARD PROMISENEWARK, NJPROGRAM/PROJECT SUPPORT$30k
NEW JERSEY ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDRENBARNEGAT LIGHT, NJOPERATING SUPPORT$30k
NEW JERSEY CITIZEN ACTION EDUCATION FUNDNEWARK, NJPROGRAM/PROJECT SUPPORT$30k
NEWARK YOUTH CAREER PATHWAYSNEWARK, NJOPERATING SUPPORT$30k
CASA OF PASSAIC AND UNION COUNTIES (NAME CHANGE TO CHILD FOCUS IN APRIL 202WAYNE, NJPROGRAM/PROJECT SUPPORT$25k
COVENANT HOUSE NEW JERSEYNEWARK, NJPROGRAM/PROJECT SUPPORT$25k
FAMILY SUCCESS INSTITUTEEAST ORANGE, NJOPERATING SUPPORT$25k
FIRST 1000 DAYS POLICY COALITION POOLED FUNDMORRISTOWN, NJPROGRAM/PROJECT SUPPORT$25k
IMAGINE A CENTER FOR COPING WITH LOSSMOUNTAINSIDE, NJPROGRAM/PROJECT SUPPORT$25k
Compare this foundation's grantees

Up 4%
from 2023

From $218k in 2023 to $226k in 2024.

$218k
2023
$226k
2024
In today's dollarsEst.
Roughly flat in real terms$245k to $244k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue fell 34%.

$218k in 2023 to $226k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SCHUMANN FUND FOR NEW JERSEY INC

What does the Chief Executive Officer of SCHUMANN FUND FOR NEW JERSEY INC earn?

In 2024, the Chief Executive Officer of SCHUMANN FUND FOR NEW JERSEY INC received $226,044 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in New Jersey, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SCHUMANN FUND FOR NEW JERSEY INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New Jersey, the 2024 pay of the Chief Executive Officer at SCHUMANN FUND FOR NEW JERSEY INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at SCHUMANN FUND FOR NEW JERSEY INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are SCHUMANN FUND FOR NEW JERSEY INC's revenue and expenses?

In 2024, SCHUMANN FUND FOR NEW JERSEY INC reported $1.5M in total revenue and $2.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.