Kilian J & Caroline F Schmitt Foundation Inc
- Assets
- $12.6m
- Revenue
- $494.3k
- Investments
- $12.6m
- Employees
- 0
- Location
- Pittsford, NY
- Founding
- 01/1991
- Data as of
- 06/2023
- EIN
- 22-3087449
Organization Overview
Kilian J & Caroline F Schmitt Foundation Inc is located in Pittsford, NY. The organization was established in 1991. 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. Kilian J & Caroline F Schmitt Foundation Inc 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 06/2023, Kilian J & Caroline F Schmitt Foundation Inc generated $494.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $729.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kilian J & Caroline F Schmitt Foundation Inc has awarded 112 individual grants totaling $5,882,415. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Dray Vice President | 1.5 | $9,000 | |
Leon Fella Treasurer | 1.5 | $9,000 | |
James Ryan President | 1.5 | $9,000 | |
Megan Henry Stuart Secretary | 1.5 | $10,000 | |
Jeffrey Harradine Director | 1 | $8,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $435,041 |
| Capital Gain Net Income | $435,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $494,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,965 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,008 |
| Total operating and administrative expenses | $74,373 |
| Contributions, gifts, grants paid | $654,930 |
| Total expenses and disbursements | $729,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,642 |
| 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 | $12,587,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,611,503 |
| 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, Kilian J & Caroline F Schmitt Foundation Inc has awarded $654,930 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
E3 ROCHESTER PURPOSE: SCHOLARSHIPS | $20,000 |
GENESEE COUNTRY VILLAGE & MUSEUM PURPOSE: COSTUME INVENTORY | $20,000 |
AMERICAN RED CROSS OF WESTERN NY PURPOSE: SMOKE ALARMS | $12,500 |
INDIVIDUAL DISCRETIONARY GRANTS PURPOSE: UNRESTRICTED FUNDS | $100,000 |
ROCHESTER INSTITUTE OF TECHNOLOGY PURPOSE: PROTOTYPE COOP PROGRAM | $88,000 |
ROCHESTER PHILHARMONIC ORCHESTRA PURPOSE: BRISTOL CONCERT | $35,000 |