The Schultz Miller Foundation
- Assets
- $402.4k
- Revenue
- $5.7k
- Investments
- $392.3k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-3863383
Organization Overview
The Schultz Miller Foundation is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Schultz Miller 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, Schultz Miller Foundation generated $5.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $80.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Schultz President | 0 | $0 | |
Kelly K Miller Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,017 |
| Interest on Savings | $413 |
| Dividends & Interest | $11,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,090 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,110 |
| Total Revenue | $5,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,633 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $80,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,714 |
| Savings and temporary cash investments | $5,450 |
| 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 | $402,438 |
| 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, The Schultz Miller Foundation has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARTIERS VALLEY MIDDLE SCHOOL PURPOSE: MAKESPACE DIGITAL MEDIA | $10,000 |
OTIS COLLEGE OF ART & DESIGN PURPOSE: SCHOLARSHIP SUPPORT | $10,000 |
LOS ANGELES PHILHARMONIC ASSOC PURPOSE: YOLA PROGRAM SUPPORT | $25,000 |
FRIENDS OF ROBINSON GARDENS PURPOSE: CHILDRENS PROGRAM/EDUCATION | $8,000 |