Scheumann Foundation Inc
- Assets
- $13.6m
- Revenue
- $1.5m
- Investments
- $13.3m
- Employees
- 0
- Location
- Lafayette, IN
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 30-0129316
Organization Overview
Scheumann Foundation Inc is located in Lafayette, IN. The organization was established in 2002. 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. Scheumann 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, Scheumann Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $789.2k during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 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.
Since 2015, Scheumann Foundation Inc has awarded 209 individual grants totaling $9,544,050. 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 |
|---|---|---|---|
June M Scheumann Pres/treas | 1 | $0 | |
John B Scheumann Jr Secy | 1 | $0 | |
Kimberly S Armantrout Asst Secy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $80,168 |
| Dividends & Interest | $406,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,073 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,510 |
| Total Revenue | $1,489,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $142,522 |
| Contributions, gifts, grants paid | $646,716 |
| Total expenses and disbursements | $789,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,513 |
| 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 | $9,490 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,165 |
| Total assets | $13,596,004 |
| 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, Scheumann Foundation Inc has awarded $646,716 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BALL STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL FUND | $31,716 |
CAMP TECUMSEH PURPOSE: GENERAL FUND | $30,000 |
FAITH CHURCH PURPOSE: GENERAL FUND | $35,000 |
FAMILY PROMISE OF GREATER LAFAYETTE PURPOSE: GENERAL FUND | $20,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $50,000 |
HEIFER INTERNATIONAL PURPOSE: GENERAL FUND | $30,000 |