Schmidt Family Foundation Inc
- Assets
- $5.0m
- Revenue
- $107.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 61-0921414
Organization Overview
Schmidt Family Foundation Inc is located in Sarasota, FL. The organization was established in 1997. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schmidt 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 12/2021, Schmidt Family Foundation Inc generated $107.1k 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 (5.6%) each year. All expenses for the organization totaled $319.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Schmidt Family Foundation Inc has awarded 75 individual grants totaling $3,423,950. 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 |
|---|---|---|---|
Janet B Schmidt President | 2 | $0 | |
Lawrence Schmidt Secretary-Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,291 |
| Capital Gain Net Income | $66,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,507 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $319,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,067 |
| 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 | $5,042,179 |
| 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, Schmidt Family Foundation Inc has awarded $300,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: SEE ABOVE | $140,000 |
Palmetto, FL PURPOSE: SEE ABOVE | $55,000 |
HABITAT FOR HUMANITY PURPOSE: SEE ABOVE | $30,000 |
Sarasota, FL PURPOSE: SEE ABOVE | $25,000 |
COURT APPOINTED SPECIAL ADVOCATE FOR CHILDREN PURPOSE: CHARITABLE PURPOSES OF THE RECIPIENT ORGANIZATIONS. | $10,000 |
SARASOTA POLICE PURPOSE: SEE ABOVE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Henry Morrison Flagler Museum Palm Beach, FL | $63,121,691 | $4,765,672 |
Historical Association Of Southern Florida Inc Miami, FL | $4,170,200 | $3,833,962 |
Florida Holocaust Museum Inc St Petersburg, FL | $6,471,703 | $3,220,795 |
St Augustine Lighthouse & Maritime Museum Inc Saint Augustine, FL | $6,521,175 | $4,691,684 |
Burritt Museum Association Inc Huntsville, AL | $1,905,996 | $2,510,115 |
Loxahatchee River Historical Society Inc Jupiter, FL | $984,899 | $1,767,468 |
Florida Railroad Museum Inc Parrish, FL | $3,860,915 | $2,530,621 |
Mel Fisher Maritime Heritage Society Inc Key West, FL | $4,717,253 | $1,050,052 |
Friends Of The Strand Inc Marietta, GA | $4,885,519 | $1,911,052 |
Railway Tie Association Fayetteville, GA | $1,038,255 | $920,896 |
Holocaust Museum & Education Center Of Swfl Naples, FL | $5,230,619 | $1,358,570 |