William E Schmidt Foundation Inc
- Assets
- $31.0m
- Revenue
- $2.1m
- Investments
- $30.4m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 35-1884241
Organization Overview
William E Schmidt Foundation Inc is located in Evansville, IN. The organization was established in 1993. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William E Schmidt 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 12/2021, William E Schmidt Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William E Schmidt Foundation Inc has awarded 122 individual grants totaling $2,388,513. 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 |
|---|---|---|---|
Douglas Schmidt Treasurer | 1 | $0 | |
Lisa Hamilton President | 1 | $0 | |
J Michael Small Secretary | 1 | $0 | |
Chester Schmidt Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,252 |
| Interest on Savings | $5,758 |
| Dividends & Interest | $738,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,248,959 |
| Capital Gain Net Income | $1,248,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,908 |
| Total Revenue | $2,147,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,227 |
| Depreciation | $1,713 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,204,841 |
| Total operating and administrative expenses | $1,338,973 |
| Contributions, gifts, grants paid | $732,200 |
| Total expenses and disbursements | $2,071,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,473 |
| 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 | $177,384 |
| 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 | $6,064 |
| Other assets | $167,660 |
| Total assets | $30,996,134 |
| Accounts payable and accrued expenses | $691 |
| 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 | $6,354 |
| Total liabilities | $7,045 |
Grants Awarded
Over the last fiscal year, William E Schmidt Foundation Inc has awarded $732,200 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
MANATEE TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP | $70,000 |
Laurel, FL PURPOSE: UNRESTRICTED CONTRIBUTION | $65,000 |
Franklin, TN PURPOSE: SCHOLARSHIP | $60,000 |
Sarasota, FL PURPOSE: YOUTH OPERA PLEDGE | $60,000 |
YMCA CAMP CARSON PURPOSE: MILITARY FAMILY SUPPORT | $42,500 |
THE DREAM CENTER PURPOSE: DONATION | $42,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Park Lawn School And Activity Center Oak Lawn, IL | $3,052,012 | $10,616,192 |
Cove School Inc Northbrook, IL | $12,796,735 | $10,362,338 |
Hadley Institute For The Blind And Visually Impaired Winnetka, IL | $99,224,802 | $15,744,483 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Keshet Northbrook, IL | $16,526,441 | $12,193,321 |
Miriam Foundation St Louis, MO | $35,729,458 | $12,133,437 |
Science And Arts Academy Des Plaines, IL | $14,489,626 | $8,495,124 |