Robert E And Patricia A Schmidt Foundation
- Assets
- $0.0
- Revenue
- $3.2m
- Investments
- $38.2m
- Employees
- 0
- Location
- Hays, KS
- Founding
- 10/1990
- Data as of
- 11/2021
- EIN
- 48-1077463
Organization Overview
Robert E And Patricia A Schmidt Foundation is located in Hays, KS. The organization was established in 1990. 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. Robert E And Patricia A Schmidt 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 11/2021, Robert E And Patricia A Schmidt Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $4.1m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert E And Patricia A Schmidt Foundation has awarded 525 individual grants totaling $14,958,940. 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 |
|---|---|---|---|
Gary Shorman Trustee/president | 10 | $79,000 | |
Joseph W Jeter Trustee | 5 | $49,000 | |
Randy Walker Trustee | 5 | $49,000 | |
Kurt David Trustee | 5 | $49,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $187,307 |
| Dividends & Interest | $779,661 |
| Profit on Inventory Sales | $294,002 |
| Other Income | $13,853 |
| Total Revenue | $3,187,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $226,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $89,027 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $797,438 |
| Contributions, gifts, grants paid | $3,290,217 |
| Total expenses and disbursements | $4,087,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,638,781 |
| Other assets | $7,911,443 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert E And Patricia A Schmidt Foundation has awarded $3,809,800 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE & SMLKY VALLEY RAILROAD PURPOSE: RAILROAD ASSOCIATION | $10,000 |
AD ASTRA MUSIC FESTIVAL PURPOSE: GENERAL OPERATIONS | $5,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATIONS | $25,000 |
ALLIED ARTS COUNCIL OF ST JOSEPH PURPOSE: GENERAL OPERATIONS | $10,000 |
BARTON COMM COLLEGE FOUNDATION PURPOSE: GENERAL OPERATIONS | $50,000 |
BARTON COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL OPERATIONS | $20,000 |