Schmidt Family Foundation Inc
- Assets
- $4.8m
- Revenue
- $121.0k
- Investments
- $4.6m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 01/1997
- Data as of
- 12/2022
- 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 12/2022, Schmidt Family Foundation Inc generated $121.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $395.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Schmidt Family Foundation Inc has awarded 100 individual grants totaling $4,126,950. 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 | $90,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,129 |
| Capital Gain Net Income | $30,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,000 |
| Contributions, gifts, grants paid | $377,000 |
| Total expenses and disbursements | $395,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,324 |
| 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 | $4,768,194 |
| 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 $377,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BERNHEIM ARBORETUM AND RESEARCH FOREST PURPOSE: CHARITABLE PURPOSES OF THE RECIPIENT ORGANIZATIONS. | $5,000 |
ALL STAR CHILDREN'S FOUNDATION PURPOSE: ALL CONTRIBUTIONS ARE MADE TO FURTHER THE | $10,000 |
COURT APPOINTED SPECIAL ADVOCATE FOR CHILDREN PURPOSE: SEE ABOVE | $10,000 |
GREENSPACE INC PURPOSE: SEE ABOVE | $5,000 |
HABITAT FOR HUMANITY PURPOSE: SEE ABOVE | $10,000 |
SARASOTA OPERA PURPOSE: SEE ABOVE | $18,000 |