The William & Jean Schulte Foundation Inc
- Assets
- $678.3k
- Revenue
- $76.4k
- Investments
- $424.6k
- Employees
- 0
- Location
- Woodbine, MD
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 52-1377945
Organization Overview
The William & Jean Schulte Foundation Inc is located in Woodbine, MD. The organization was established in 1985. 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. William & Jean Schulte 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 12/2021, William & Jean Schulte Foundation Inc generated $76.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $31.5k during the year ending 12/2021. While expenses have increased by 23.8% 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.
Since 2016, William & Jean Schulte Foundation Inc has awarded 71 individual grants totaling $134,700. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $211 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,218 |
| Capital Gain Net Income | $76,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $484 |
| Total operating and administrative expenses | $3,530 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $31,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,738 |
| 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 | $314,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $678,289 |
| 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, The William & Jean Schulte Foundation Inc has awarded $28,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEAST NEW LIFE FOR GIRLS PURPOSE: DISCIPLESHIP PROGRAM FOR WOMEN WITH LIFE-CONTROLLING ISSUES | $8,900 |
Seaford, DE PURPOSE: TEEN PROGRAMS | $7,000 |
Chicago, IL PURPOSE: TEEN LEADERSHIP PROGRAMS | $2,300 |
TRANSFORMING CONGREGATIONS PURPOSE: PROVIDE LOCAL CHURCHES AND CHRISTIAN EDUCATIONAL INSTITUTIONS THE SUPPORT, KNOWLEDGE AND RESOURCES. | $2,000 |
Easton, MD PURPOSE: PROGRAMS AGAINST FAMILY VIOLENCE | $1,500 |
AIDCHILD PURPOSE: SUPPORT PROGRAMS FOR INFECTED AND AFFECTED HIV+ CHILDREN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |