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Nonprofiteer
← WILLIAM J & BARBARA A SCHMIDT FAMILY FOUNDATION INC

Form 990 for tax year 2023

Filed by WILLIAM J & BARBARA A SCHMIDT FAMILY FOUNDATION INC.

Totals

Total revenue
$794,033
Total expenses
$854,276
Contributions and grants received
$50,000
Grants paid
$802,589
Program service revenue
$0
Investment income
$744,033
Other revenue
$0
Total assets, end of year
$7,236,734
Total liabilities, end of year
$195,764
Net assets or fund balances, end of year
$7,040,970
Program services expenses (Part IX)
$818,037
Management and general expenses
$36,239
Fundraising expenses
$0
Program service expenses (Part III)
$818,037

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 3 · Investment income

    total $119,262 · excluded $119,262

  • 7a · Gross sales of assets other than inventory

    securities $1,778,646

  • 7b · Less cost or other basis and sales expenses

    securities $1,153,875

  • 7c · Gain or loss

    securities $624,771

  • 7d · Net gain or loss

    total $624,771 · excluded $624,771

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $802,589 · program services $802,589

  • 11a · Fees: management

    total $29,282 · program services $14,641 · management and general $14,641

  • 11f · Fees: investment management

    total $21,083 · management and general $21,083

  • 13 · Office expenses

    total $1,322 · program services $807 · management and general $515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $150

  • 11 · Investments: publicly traded securities

    beginning of year $6,861,017 · end of year $7,236,584

  • 17 · Accounts payable and accrued expenses

    end of year $25

  • 18 · Grants payable

    beginning of year $382,150 · end of year $195,739

  • 27 · Net assets without donor restrictions

    beginning of year $6,478,867 · end of year $7,040,970

Mission and programs · 2023

Mission

TO PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS.

Activities or mission (Part I)

PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS.

  • PROVIDED APPROXIMATELY 41 GRANTS TO 26 CHARITABLE ORGANIZATIONS.

    Expenses $818,037 · Grants $802,589

As filed on the 2023 return.

Listed in Part VII

  • BARBARA SCHMIDT

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD BENZ

    TREASURER THRU 10/23

    Total calculated
    $0
    Hours/week
    1

  • MARNE KELLER-KRIKAVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR SARAH SCHMIDT

    VICE PRESIDENT/SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN KUPER

    DIRECTOR THRU 10/23

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY ARMBRUST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS WOLESKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202433029349302168

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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