The Richard M Schulze Family Foundation
- Assets
- $233.8m
- Revenue
- $68.9m
- Investments
- $213.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 46-5588406
Organization Overview
The Richard M Schulze Family Foundation is located in Minneapolis, MN. The organization was established in 2014. 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. Richard M Schulze Family 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, Richard M Schulze Family Foundation generated $68.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $52.3m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 5 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 2018, Richard M Schulze Family Foundation has awarded 6,934 individual grants totaling $231,244,913. 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 |
|---|---|---|---|
Richard M Schulze Director | 2 | $0 | |
Kevin S Bergman Trustee | 1 | $0 | |
Ann L Winblad Trustee | 1 | $0 | |
Mark C Dienhart President And CEO | 45 | $547,777 | |
Steven A Schumeister Trustee | 1 | $0 | |
Nancy Tellor Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olympus Ventures Llc | 12/30/22 | $466,236 |
University Of St Thomas | 12/30/22 | $465,423 |
Windchill Technologies Llc | 12/30/22 | $205,955 |
Champlain Investment Partners | 12/30/22 | $150,556 |
American Capital Management | 12/30/22 | $143,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,842,960 |
| Interest on Savings | $2,311,312 |
| Dividends & Interest | $3,211,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,537,950 |
| Capital Gain Net Income | $33,185,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $29,478 |
| Profit on Inventory Sales | $0 |
| Other Income | $702 |
| Total Revenue | $68,904,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $547,777 |
| Other employee salaries and wages | $1,615,980 |
| Pension plans, employee benefits | $304,932 |
| Interest | $0 |
| Taxes | $303,835 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,812 |
| Printing and publications | $0 |
| Other expenses | $1,621,736 |
| Total operating and administrative expenses | $4,439,605 |
| Contributions, gifts, grants paid | $47,837,056 |
| Total expenses and disbursements | $52,276,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,608,959 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $686,264 |
| 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 | $102,198,640 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $72,996 |
| Total assets | $233,819,112 |
| Accounts payable and accrued expenses | $42,231 |
| Grants payable | $33,160,666 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,345,117 |
| Total liabilities | $34,548,014 |
Grants Awarded
Over the last fiscal year, The Richard M Schulze Family Foundation has awarded $47,866,534 in support to 1,513 organizations.
| Grant Recipient | Amount |
|---|---|
1VOICE FOUNDATION PURPOSE: HUMAN SERVICES | $4,550 |
4 THE CHILDREN PURPOSE: HUMAN SERVICES | $5,000 |
A PRECIOUS CHILD PURPOSE: HUMAN SERVICES | $5,000 |
AAUW BEAUFORT BRANCH PURPOSE: HUMAN SERVICES | $5,000 |
ABILITY TREE NEW JERSEY PURPOSE: HUMAN SERVICES | $2,350 |
ABRIA PREGNANCY RESOURCES PURPOSE: HUMAN SERVICES | $10,000 |