Karl And Karen Schmidt Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $2.4m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-1555395
Organization Overview
Karl And Karen Schmidt Family Foundation Inc is located in Green Bay, WI. The organization was established in 2015. 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. Karl And Karen 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 12/2021, Karl And Karen Schmidt Family Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $190.8k during the year ending 12/2021. While expenses have increased by 13.2% 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, Karl And Karen Schmidt Family Foundation Inc has awarded 135 individual grants totaling $976,953. 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 |
|---|---|---|---|
Karl Schmidt President | 0.1 | $0 | |
Karen Schmidt Secretary/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $495,480 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $647,031 |
| Capital Gain Net Income | $647,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,188,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,035 |
| Total operating and administrative expenses | $12,817 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $190,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,397 |
| 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 | $2,506,121 |
| 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, Karl And Karen Schmidt Family Foundation Inc has awarded $178,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE ACADEMY PURPOSE: EDUCATION NEEDS | $100,000 |
Green Bay, WI PURPOSE: GENERAL CHURCH EXPENSES | $41,000 |
BRIAN LAVIOLETTE SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIP AND THE BRIAN LAVIOLETTE FOUNDATION CAMPAIGN | $25,000 |
De Pere, WI PURPOSE: CONSTRUCTION OF TENNIS COURTS | $5,000 |
Green Bay, WI PURPOSE: ANNUAL CAMPAIGN - WHERE NEEDED MOST | $5,000 |
PEO INTERNATIONAL PURPOSE: CHAPTER N DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |