Schoettmer Family Foundation Inc
- Assets
- $372.9k
- Revenue
- $95.8k
- Investments
- $325.4k
- Employees
- 0
- Location
- Tipton, IN
- Founding
- 03/2016
- Data as of
- 12/2022
- 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 12/2022, Schoettmer Family Foundation Inc generated $95.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $21.9k during the year ending 12/2022. While expenses have increased by 24.5% per year over the past 6 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 | $87,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,651 |
| Capital Gain Net Income | $3,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $674 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $563 |
| Total operating and administrative expenses | $2,237 |
| Contributions, gifts, grants paid | $19,635 |
| Total expenses and disbursements | $21,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,523 |
| 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 | $372,892 |
| 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 $19,635 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: SUPPORT | $5,000 |
Atlanta, GA PURPOSE: SUPPORT | $4,000 |
POWERHOUSE CHURCH OF INDIANAPOLIS PURPOSE: SUPPORT | $3,000 |
NINOS DE MEXICO PURPOSE: SUPPORT | $3,000 |
PACKING HOPE PURPOSE: SUPPORT | $2,132 |
Noblesville, IN PURPOSE: SUPPORT | $1,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
Chicago Foundation For Women Chicago, IL | $20,116,109 | $10,062,657 |