Schmidt Legacy Foundation
- Assets
- $50.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chino Hills, CA
- Founding
- 11/2013
- Data as of
- 06/2019
- EIN
- 46-3130415
Organization Overview
Schmidt Legacy Foundation is located in Chino Hills, CA. The organization was established in 2013. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schmidt Legacy 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 06/2019, Schmidt Legacy Foundation generated $38.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $33.6k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO FUND CANCER RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Schmidt President/treasurer | 4 | $0 | |
Sally Schmidt Member At Large | 0.25 | $0 | |
Joseph Schmidt Vice President | 0.25 | $0 | |
Karin Muth Secretary | 0.5 | $0 | |
Peggy Boyle Member At Large | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,986 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,310 |
| Other Revenue | $0 |
| Total Revenue | $38,296 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $505 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $611 |
| Total expenses | $33,616 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,452 |
| Other assets | $0 |
| Total assets | $50,452 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,452 |