Rear Admiral O Douglas And Marie Coughlin Schumann Foundation
- Assets
- $2.6m
- Revenue
- $33.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Rio Rancho, NM
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-2497691
Organization Overview
Rear Admiral O Douglas And Marie Coughlin Schumann Foundation is located in Rio Rancho, NM. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rear Admiral O Douglas And Marie Coughlin Schumann 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, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation generated $33.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $223.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation has awarded 301 individual grants totaling $847,069. 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
SCHOLARSHIPS FOR SECONDARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Heil Treasurer | 2 | $0 | |
Tim Sheahan President | 2 | $0 | |
Tonna Burgos Director | 1 | $0 | |
Deacon David Little Director | 1 | $0 | |
Gregg Hull Director | 1 | $0 | |
Eddie Mccall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,029 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$55,504 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,902 |
| Total operating and administrative expenses | $49,591 |
| Contributions, gifts, grants paid | $173,558 |
| Total expenses and disbursements | $223,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,797 |
| 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 | $2,443,898 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,600,695 |
| 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, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation has awarded $173,558 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR TOYA PURPOSE: SCHOLARSHIP | $3,000 |
RIO RANCHO PUBLIC SCHOOLS PURPOSE: CONTRIBUTION | $10,000 |
TRACY FALKENTHAL PURPOSE: SCHOLARSHIP | $3,000 |
CONNIE YROC PURPOSE: SCHOLARSHIP | $2,049 |
ARIANNA CORDOVA PURPOSE: SCHOLARSHIP | $1,082 |
TRACY SKRZYPEK PURPOSE: SCHOLARSHIP | $2,000 |