Art And Mary Schmuckal Family Foundation
- Assets
- $7.0m
- Revenue
- $568.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 38-3498264
Organization Overview
Art And Mary Schmuckal Family Foundation is located in Traverse City, MI. The organization was established in 1999. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art And Mary Schmuckal 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 06/2023, Art And Mary Schmuckal Family Foundation generated $568.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $515.8k during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 7 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, Art And Mary Schmuckal Family Foundation has awarded 280 individual grants totaling $3,727,450. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara F Benson President | 0 | $0 | |
Donald A Schmuckal Vice-President | 0 | $0 | |
Evelyn K Richardson Secretary | 0 | $0 | |
Paul M Schmuckal Treasurer | 0 | $0 | |
Patrick J Wilson Asst. Secretary | 0 | $0 | |
Wayne A Pahssen Asst. Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,982 |
| Dividends & Interest | $143,250 |
| Net Rental Income | $79,306 |
| Net Gain on Sale of Assets | $201,541 |
| Capital Gain Net Income | $201,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $101,124 |
| Total Revenue | $568,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,966 |
| Depreciation | $19,528 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,360 |
| Total operating and administrative expenses | $72,761 |
| Contributions, gifts, grants paid | $443,000 |
| Total expenses and disbursements | $515,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,609 |
| Savings and temporary cash investments | $211,700 |
| 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 | $407,507 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,260,597 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,642 |
| Total assets | $7,010,055 |
| 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 | $2,259 |
| Total liabilities | $2,259 |
Grants Awarded
Over the last fiscal year, Art And Mary Schmuckal Family Foundation has awarded $443,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM ALLIANCE OF MICHIGAN PURPOSE: DONATION FOR UPBOUND AT WORK PROGRAM | $5,000 |
ACME CHRISTIAN THRIFT STORE & FOOD PANTRY PURPOSE: DONATION FOR PURCHASE OF FOOD | $10,000 |
BETHANY CHRISTIAN SERVICES PURPOSE: EXPANSION OF THE SAFE FAMILIES FOR CHILDREN PROGRAM | $7,000 |
BIG BROTHERS BIG SISTERS PURPOSE: DONATION TO THE BIG FUTURES PROGRAM | $10,000 |
CHERRYLAND HUMANE SOCIETY PURPOSE: DONATION FOR TRANSPORT VAN | $2,000 |
CHILD AND FAMILY SERVICES PURPOSE: FUNDS TO SUPPORT THE YOUTH SERVICES PROGRAM | $10,000 |