Victor E And Caroline E Schutte Foundation
- Assets
- $3.4m
- Revenue
- $119.1k
- Investments
- $3.1m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 09/1961
- Data as of
- 12/2022
- EIN
- 43-6049974
Organization Overview
Victor E And Caroline E Schutte Foundation is located in Kansas City, MO. The organization was established in 1961. 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. Victor E And Caroline E Schutte 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, Victor E And Caroline E Schutte Foundation generated $119.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $309.8k during the year ending 12/2022. While expenses have increased by 3.9% 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 2016, Victor E And Caroline E Schutte Foundation has awarded 96 individual grants totaling $1,516,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MAKES DIRECT CHARITABLE CONTRIBUTIONS SEE PART I, LINE 26 COLUMN D
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Aisenbrey Successor Trustee | 5 | $0 | |
John C Davis Successor Trustee | 5 | $0 | |
David W Frantze Successor Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $143,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,804 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $309,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $265,591 |
| 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 | $4,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,416,881 |
| 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, Victor E And Caroline E Schutte Foundation has awarded $240,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LINDA HALL LIBRARY FOUNDATION PURPOSE: EDUCATIONAL | $15,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE | $25,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: CHARITABLE | $12,500 |
GORDON PARKS ELEMENTARY PURPOSE: EDUCATIONAL | $15,000 |
ST PAUL'S DAY SCHOOL PURPOSE: EDUCATIONAL | $10,000 |
THE COTERIE THEATRE PURPOSE: EDUCATIONAL | $20,000 |