Geoffrey Schmidt Foundation
- Assets
- $1.3m
- Revenue
- $57.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ivins, UT
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-3820154
Organization Overview
Geoffrey Schmidt Foundation is located in Ivins, UT. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geoffrey Schmidt Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Geoffrey Schmidt Foundation generated $57.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $155.4k during the year ending 12/2023. While expenses have increased by 18.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,530 |
| Capital Gain Net Income | $32,530 |
| Net ST Capital Gain | $2,093 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,650 |
| Other employee salaries and wages | $26,834 |
| Pension plans, employee benefits | $20,282 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $155,376 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $155,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,509 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,344,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Geoffrey Schmidt Foundation has awarded $26,133 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HEALTH DEFENSE PURPOSE: GENERAL SUPPORT | $25,000 |
DIAN FOSSEY GORILLA FUND PURPOSE: GENERAL SUPPORT | $1,133 |