Schoettmer Family Foundation Inc
- Assets
- $500.3k
- Revenue
- $150.8k
- Investments
- $444.3k
- Employees
- 0
- Location
- Tipton, IN
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-3820993
Organization Overview
Schoettmer Family Foundation Inc is located in Tipton, IN. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Schoettmer 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 12/2023, Schoettmer Family Foundation Inc generated $150.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $23.4k during the year ending 12/2023. While expenses have increased by 21.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Schoettmer President | 0 | $0 | |
Benjamin Schoettmer Treasurer | 0 | $0 | |
Justin Flora Director | 0 | $0 | |
Thomas Sears Director | 0 | $0 | |
Jason Schoettmer Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,750 |
| Interest on Savings | $181 |
| Dividends & Interest | $7,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,315 |
| Capital Gain Net Income | $1,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,770 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,372 |
| Total operating and administrative expenses | $1,540 |
| Contributions, gifts, grants paid | $21,867 |
| Total expenses and disbursements | $23,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,934 |
| 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 | $500,255 |
| 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, Schoettmer Family Foundation Inc has awarded $21,867 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TEACH ONE TO LEAD ONE PURPOSE: SUPPORT | $5,000 |
HOPE FAMILY CARE CENTER PURPOSE: SUPPORT | $2,400 |
AWAKEN CITY CHURCH PURPOSE: SUPPORT | $1,000 |
STUDENT IMPACT OF WESTFIELD PURPOSE: SUPPORT | $5,000 |
HCCO PURPOSE: SUPPORT | $2,500 |
SAMARITANS PURSE PURPOSE: SUPPORT | $3,467 |