The William & Jean Schulte Foundation Inc
- Assets
- $651.7k
- Revenue
- $11.4k
- Investments
- $345.3k
- Employees
- 0
- Location
- Woodbine, MD
- Founding
- 10/1985
- Data as of
- 12/2022
- 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 12/2022, William & Jean Schulte Foundation Inc generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William & Jean Schulte Foundation Inc has awarded 86 individual grants totaling $167,200. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $707 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,659 |
| Capital Gain Net Income | $10,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $270 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,200 |
| Total operating and administrative expenses | $5,470 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $37,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $306,380 |
| 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 | $325,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $651,685 |
| 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 $32,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AIDCHILD PURPOSE: SUPPORT PROGRAMS FOR INFECTED AND AFFECTED HIV+ CHILDREN | $1,000 |
DAY'S END FARM HORSE RESCUE INC PURPOSE: HORSE RESCUE | $750 |
DELMARVA TEEN CHALLENGE PURPOSE: TEEN PROGRAMS | $9,000 |
FRIENDS OF BLACKWATER INC PURPOSE: WILDLIFE PROTECTION | $100 |
HART FOR ANIMALS INC PURPOSE: ANIMAL RESCUE | $500 |
GIRLS IN THE GAME INC PURPOSE: TEEN LEADERSHIP PROGRAMS | $2,300 |