Schultz Foundation is located in Eden Prairie, MN. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2019, Schultz Foundation generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.5%) each year. All expenses for the organization totaled $1.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (45.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING EDUCATION AND SCIENCE BY ASSISTING YOUTH WITH TUITION (TO PRIMARY OR SECONDARY SCHOOL, COLLEGE, PROFESSIONAL OR TRADE SCHOOL, OR OTHER ACCREDITED EDUCATIONAL INSITUTION) AS WELL AS EDUCATIONALLY-RELATED EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Schultz Vice Preside | 0 | $0 | |
Myrliss Jirousek Treasurer-Se | 0 | $0 | |
Gwen Schultz President | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,400 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,400 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $400 |
Total operating and administrative expenses | $400 |
Contributions, gifts, grants paid | $1,000 |
Total expenses and disbursements | $1,400 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,000 |
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 | $1,000 |
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 |
Over the last fiscal year, Schultz Foundation has awarded $10,795 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
SIMONA MACKOVICHOVA PURPOSE: COLLEGE TUITION AND ROOM AND BOARD | $5,000 |
LUKAS BARBUSCAK PURPOSE: COLLEGE TUITION AND ROOM AND BOARD | $4,795 |
DALTON HOLMQUIST PURPOSE: COLLEGE TRUITION AND ROOM AND BOARD | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Wacosa Waite Park, MN | $12,140,309 | $9,104,818 |
World Food Prize Foundation Urbandale, IA | $73,712,928 | $6,192,203 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |
Childrens Museum Of South Dakota Brookings, SD | $7,565,049 | $1,438,522 |
Belwin Conservancy Afton, MN | $13,948,042 | $1,506,492 |
Miracle Ear Foundation Minneapolis, MN | $1,565,051 | $1,538,911 |
On His Path Danville, IA | $274,871 | $641,163 |
Ann Smeltzer Charitable Tr Fort Dodge, IA | $9,572,816 | $1,083,917 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |
Farming For The Future Foundtn Inc Hancock, WI | $15,517,922 | $9,948,061 |