Schmertzler Family Foundation
- Assets
- $1.2m
- Revenue
- $89.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 31-6674420
Organization Overview
Schmertzler Family Foundation is located in St Petersburg, FL. The organization was established in 2001. 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. Schmertzler Family 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 12/2022, Schmertzler Family Foundation generated $89.0k 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 (18.8%) each year. All expenses for the organization totaled $412.5k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Michael Schmertzler Trustee | 0 | $0 | |
Kuni Suzuki Schmertzler Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,611 |
| Capital Gain Net Income | $51,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,603 |
| Total Revenue | $88,979 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,667 |
| Total operating and administrative expenses | $12,525 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $412,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,985 |
| Savings and temporary cash investments | $52,080 |
| 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 | $5,272 |
| Total assets | $1,204,704 |
| 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, Schmertzler Family Foundation has awarded $9,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SIMPLE WORKS INC PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $5,000 |
ST PETERSBURG FREE CLINIC PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $2,000 |
SEA SHEPHERD CONSERVATION SOCIETY PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |
MO TENNIS COACHING PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $300 |
CIA OFFICERS MEMORIAL FOUNDATION PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |