C B Schmitt Charitable Foundation Inc
- Assets
- $271.1k
- Revenue
- $116.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Marathon, FL
- Founding
- 02/2003
- Data as of
- 09/2022
- EIN
- 56-2286219
Organization Overview
C B Schmitt Charitable Foundation Inc is located in Marathon, FL. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. C B Schmitt Charitable 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 09/2022, C B Schmitt Charitable Foundation Inc generated $116.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $119.1k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, C B Schmitt Charitable Foundation Inc has awarded 108 individual grants totaling $232,701. 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 |
|---|---|---|---|
Brian C Schmitt Director | 0.2 | $0 | |
J Lizette Miller Director | 2 | $0 | |
Jessica Borraccino Treasurer | 2 | $0 | |
Halley Haack Chair | 2 | $0 | |
Karen Haack Director | 2 | $0 | |
Monica Castillo Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $116,312 |
| Interest on Savings | $128 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,004 |
| Printing and publications | $0 |
| Other expenses | $3,097 |
| Total operating and administrative expenses | $22,197 |
| Contributions, gifts, grants paid | $96,879 |
| Total expenses and disbursements | $119,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $271,086 |
| 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 | $271,086 |
| 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, C B Schmitt Charitable Foundation Inc has awarded $96,879 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Tavernier, FL PURPOSE: FUND OPERATIONS | $44,662 |
REEF RENEWAL USA INC PURPOSE: FUND OPERATIONS | $10,000 |
MENDOZA ROSE PURPOSE: LIVING EXPENSE ASSISTANCE | $5,000 |
Tavernier, FL PURPOSE: FUND OPERATIONS | $5,000 |
TASAYCO INGRI PURPOSE: LIVING EXPENSE ASSISTANCE | $4,365 |
NIEVENS LAURIE PURPOSE: LIVING EXPENSE ASSISTANCE | $4,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |