Nonprofit · EIN 02-0534424
MICHAEL AND HELEN SCHAFFER FOUNDATION
Also known as WENDY APPEL TTEE
Tax-exempt · BOSTON, MA 02114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $905,556 | $574,229 | $331,327 | $4,967,440 | $0 | $4,967,440 |
| July 31, 2024 | 990-PF | $238,370 | $420,190 | -$181,820 | $4,636,113 | $0 | $4,636,113 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Dividends
- $202,306
- Net gain from sales of assets
- $703,250
Expenses
- Grants and similar amounts paid
- $369,000
- Compensation of officers, directors and key employees
- $135,000
- Disbursements for charitable purposes
- $498,187
- Excise tax on investment income
- $11,530
Balance sheet and other
- Total assets, start of year
- $4,636,113
- Total assets, end of year
- $4,967,440
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,967,440
- Fair market value of assets
- $8,145,685
- Qualifying distributions
- $498,187
- Net investment income
- $905,556
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL APPEL 1201 20TH STREET, MIAMI BEACH, FL 33139 | TRUSTEE | 32 | $135,000 |
| WENDY APPEL 1075 MAIN STREET, WALTHAM, MA 02451 | TRUSTEE | 8 | $0 |
990-PF for the year ended July 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WENDY APPEL 6 WHITTIER PLACE, BOSTON, MA 02114 | TRUSTEE | 32 | $85,000 |
| MICHAEL APPEL 1201 20TH STREET, MIAMI BEACH, FL 33139 | TRUSTEE | 32 | $50,000 |
Address and contacts
- Address (IRS master file)
- 6 WHITTIER PL APT 14N, BOSTON, MA 02114-1422
- In care of
- % WENDY APPEL
- Signed the 990-PF
- WENDY APPEL, PRESIDENT
- Phone
- (617) 723-8525
- Return prepared by
- MARK MANDEL & COCPA'S
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 02-0534424
- 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
- 2002
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $4,967,440
- Income (IRS master file)
- $3,514,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $905,556 | $574,229 | $4,967,440 | XML |
| 990-PF | July 2024 | $238,370 | $420,190 | $4,636,113 | XML |
| 990-PF | July 2023 | – | – | – | IRS |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 2020 | – | – | – | IRS |
| 990-PF | July 2019 | – | – | – | 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 02-0534424).
Questions about MICHAEL AND HELEN SCHAFFER FOUNDATION
- What is the EIN of MICHAEL AND HELEN SCHAFFER FOUNDATION?
- The employer identification number (EIN) of MICHAEL AND HELEN SCHAFFER FOUNDATION is 02-0534424.
- Is MICHAEL AND HELEN SCHAFFER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MICHAEL AND HELEN SCHAFFER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL AND HELEN SCHAFFER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL AND HELEN SCHAFFER FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL AND HELEN SCHAFFER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of MICHAEL AND HELEN SCHAFFER FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $135,000 (MICHAEL APPEL, TRUSTEE).
- How much revenue does MICHAEL AND HELEN SCHAFFER FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $905,556, expenses of $574,229 and total assets of $4,967,440 at year end.
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