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Nonprofiteer
← WILLIAM C SCHUMACHER FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by WILLIAM C SCHUMACHER FAMILY FOUNDATION.

Totals

Total revenue
$2,962,578
Total expenses
$4,280,716
Contributions and grants received
$2,737,805
Grants paid
$3,757,396
Program service revenue
$0
Investment income
$350,282
Other revenue
-$125,509
Total assets, end of year
$22,416,374
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$22,416,374
Program services expenses (Part IX)
$3,953,531
Management and general expenses
$327,185
Fundraising expenses
$0
Program service expenses (Part III)
$3,953,531

Program services were 92.4% 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.

  • 1c · Fundraising events

    $445,000

  • 1d · Related organizations

    $50,000

  • 1f · All other contributions, gifts and grants

    $2,242,805

  • 1g · Noncash contributions included above

    $445,000

  • 3 · Investment income

    total $123,121 · excluded $123,121

  • 7a · Gross sales of assets other than inventory

    securities $2,777,001

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

    securities $2,549,840

  • 7c · Gain or loss

    securities $227,161

  • 7d · Net gain or loss

    total $227,161 · related or exempt $227,161

  • 8a · Fundraising events: gross income

    $466,112

  • 8a · Fundraising events: contributions included on line 1c

    $445,000

  • 8b · Fundraising events: direct expenses

    $594,634

  • 8c · Net income from fundraising events

    total -$128,522 · excluded -$128,522

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,013 · excluded $3,013

  • 11e · Other revenue, total

    $3,013

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,757,396 · program services $3,757,396

  • 11c · Fees: accounting

    total $17,118 · management and general $17,118

  • 11f · Fees: investment management

    total $7,714 · management and general $7,714

  • 11g · Fees: other

    total $336,707 · program services $134,607 · management and general $202,100

  • 13 · Office expenses

    total $197 · management and general $197

  • 17 · Travel

    total $17,176 · program services $1,098 · management and general $16,078

  • 20 · Interest

    total $64 · management and general $64

  • 22 · Depreciation, depletion and amortization

    total $60,369 · program services $60,369

  • 23 · Insurance

    total $3,520 · management and general $3,520

  • 24a · Other expenses: UBIT EXPENSE

    total $1,753 · management and general $1,753

  • 24b · Other expenses: SPONSORSHIPS

    total $39,800 · management and general $39,800

  • 24c · Other expenses: RENTALS

    total $13,062 · management and general $13,062

  • 24d · Other expenses: STAFF TRAINING

    total $11,971 · management and general $11,971

  • 24e · All other expenses

    total $13,869 · program services $61 · management and general $13,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $855,311 · end of year $1,226,483

  • 9 · Prepaid expenses and deferred charges

    end of year $5,415

  • 10a · Land, buildings and equipment: cost or other basis

    $605,569

  • 10b · Land, buildings and equipment: accumulated depreciation

    $90,415

  • 10c · Land, buildings and equipment, net

    beginning of year $570,872 · end of year $515,154

  • 11 · Investments: publicly traded securities

    beginning of year $4,984,333 · end of year $3,537,627

  • 12 · Investments: other securities

    beginning of year $15,943,488 · end of year $17,028,057

  • 15 · Other assets

    beginning of year $3,305 · end of year $103,638

  • 27 · Net assets without donor restrictions

    beginning of year $22,357,310 · end of year $22,416,374

Mission and programs · 2023

Mission

TO SUPPORT THE CHARITABLE MISSION OF COMMUNITY FOUNDATION OF ACADIANA BY DISTRIBUTING FUNDS TO OTHER CHARITABLE ORGANIZATIONS OR SPENDING RESOURCES TO BUILD STRONGER COMMUNITIES THROUGH COLLABORATION AND COMMUNITY ENGAGEMENT.

  • GRANTS PROVIDED TO OTHER CHARITABLE ORGANIZATIONS

    Expenses $3,893,439 · Grants $3,757,396

  • PROVIDE INTERNET ACCESS TO STUDENTS IN LAFAYETTE PARISH SCHOOL SYSTEM.

    Expenses $60,092

As filed on the 2023 return.

Listed in Part VII

  • William C Shumacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Byron Reyes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Missy Andrade

    SECRETARY/TREASURER

    Total calculated
    $208,935
    From this org
    $0
    From related orgs
    $185,000
    Other
    $23,935
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,935 related
    Filer's total
    $0 + $208,935 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LINK AND LEARN LLC

    PROVIDE INTERNET ACCESS TO STUDENTS IN LAFAYETTE PARISH SCHOOL SYSTEM · LA · income $1,523 · assets $544,921

    Directly controlled by WILLIAM C SCHUMACHER FAMILY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403189349300020

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