Theodore And Catherine Schulte Foundation
- Assets
- $707.4k
- Revenue
- $31.7k
- Investments
- $697.5k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1976
- Data as of
- 09/2022
- EIN
- 39-6222864
Organization Overview
Theodore And Catherine Schulte Foundation is located in Madison, WI. The organization was established in 1976. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Theodore And Catherine Schulte 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 09/2022, Theodore And Catherine Schulte Foundation generated $31.7k 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 (11.0%) each year. All expenses for the organization totaled $53.0k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Theodore And Catherine Schulte Foundation has awarded 24 individual grants totaling $110,861. 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 |
|---|---|---|---|
Johnson Bank Trustee | 2 | $9,564 | |
Wyant Law Offices Sc Trustee | 2 | $1,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,677 |
| Capital Gain Net Income | $13,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137 |
| Total Revenue | $31,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,727 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,503 |
| Contributions, gifts, grants paid | $40,512 |
| Total expenses and disbursements | $53,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,924 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $707,416 |
| 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, Theodore And Catherine Schulte Foundation has awarded $40,512 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
REV RONALD O CREWE PURPOSE: FINANCIAL SUPPORT | $5,064 |
REV KENNETH A MICH PURPOSE: FINANCIAL SUPPORT | $5,064 |
REV RICHARD J MOLTER PURPOSE: FINANCIAL SUPPORT | $5,064 |
REV TERRANCE JOHN HUEBNER PURPOSE: FINANCIAL SUPPORT | $5,064 |
REV JEFFREY M THIELEN PURPOSE: FINANCIAL SUPPORT | $5,064 |
REV WILLIAM J DIETZLER PURPOSE: FINANCIAL SUPPORT | $5,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |