John P Schmidt And Dorothy E Schmidt Family Foundation Inc
- Assets
- $627.5k
- Revenue
- $43.9k
- Investments
- $617.1k
- Employees
- 0
- Location
- Skillman, NJ
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 22-3641730
Organization Overview
John P Schmidt And Dorothy E Schmidt Family Foundation Inc is located in Skillman, NJ. The organization was established in 1999. 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. John P Schmidt And Dorothy E Schmidt Family 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 12/2023, John P Schmidt And Dorothy E Schmidt Family Foundation Inc generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $76.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John P Schmidt And Dorothy E Schmidt Family Foundation Inc has awarded 50 individual grants totaling $316,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Schmidt President | 1 | $0 | |
Eric T Schmidt Treasurer | 0.1 | $0 | |
Paul F Schmidt Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $9,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,989 |
| Capital Gain Net Income | $33,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204 |
| Total operating and administrative expenses | $1,350 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $76,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,391 |
| 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 | $627,511 |
| 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, John P Schmidt And Dorothy E Schmidt Family Foundation Inc has awarded $75,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON SYMPHONY ORCHESTRA PURPOSE: ANNUAL FUND | $15,000 |
TRENTON AREA SOUP KITCHEN PURPOSE: ANNUAL FUND | $10,000 |
THE METROPOLITAN OPERA PURPOSE: ANNUAL FUND | $6,000 |
MERCER STREET FRIENDS PURPOSE: ANNUAL FUND | $5,000 |
MASSACHUSETTS INST OF TECNOLOGY PURPOSE: ANNUAL FUND | $5,000 |
RENSSELAER POLY INST PURPOSE: ANNUAL FUND | $5,000 |