William J & Barbara A Schmidt Family Foundation Inc is located in Appleton, WI. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William J & Barbara A Schmidt Family 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 12/2022, William J & Barbara A Schmidt Family Foundation Inc generated $409.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William J & Barbara A Schmidt Family Foundation Inc has awarded 168 individual grants totaling $5,761,921. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED APPROXIMATELY 49 GRANTS TO 29 CHARITABLE ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barbara Schmidt President And Director | OfficerTrustee | 1 | $0 |
Brad Benz Treasurer And Director | OfficerTrustee | 1 | $0 |
Marne Keller-Krikava Director | Trustee | 0.5 | $0 |
Sarah Schmidt Vice President/secretary | OfficerTrustee | 1 | $0 |
Stephen Kuper Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $129,862 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $279,162 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $409,024 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,338,238 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $36,713 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $24,877 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $951 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,400,779 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $6,861,017 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,861,017 |
Accounts payable and accrued expenses | $0 |
Grants payable | $382,150 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $382,150 |
Net assets without donor restrictions | $6,478,867 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $6,861,017 |
Over the last fiscal year, William J & Barbara A Schmidt Family Foundation Inc has awarded $1,307,500 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO FDN PURPOSE: HEALTH CARE | $225,000 |
CHICAGO JESUIT ACADEMY PURPOSE: PRIMARY & ELEMENTARY SCHOOLS | $455,000 |
CHIARAVALLE MONTESSORI SCHOOL PURPOSE: PRIMARY & ELEMENTARY SCHOOLS | $80,000 |
COMMUNITY FOUNDATION FOR THE FOX VALLEY REGION INC PURPOSE: HUMANITIES | $141,000 |
CONNECTIONS FOR THE HOMELESS INC PURPOSE: HOMELESS CENTERS | $50,000 |
COTS PURPOSE: HOMELESS CENTERS | $25,000 |