Theodore And Elizabeth Schmidt Family Foundation
- Assets
- $2.1m
- Revenue
- $143.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 68-0422838
Organization Overview
Theodore And Elizabeth Schmidt Family Foundation is located in Salt Lake City, UT. The organization was established in 1999. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theodore And Elizabeth Schmidt Family Foundation 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, Theodore And Elizabeth Schmidt Family Foundation generated $143.2k 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 (10.8%) each year. All expenses for the organization totaled $196.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Theodore And Elizabeth Schmidt Family Foundation has awarded 329 individual grants totaling $2,389,458. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Schmidt President | 0 | $0 | |
Sandefur Schmidt Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,827 |
| Capital Gain Net Income | $32,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,314 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $30,823 |
| Contributions, gifts, grants paid | $166,126 |
| Total expenses and disbursements | $196,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,477 |
| 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 | $2,140,811 |
| 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, Theodore And Elizabeth Schmidt Family Foundation has awarded $166,126 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
NATURAL HISTORY MUSEUM OF UTAH PURPOSE: GENERAL SUPPORT | $5,000 |
PBS UTAH PURPOSE: GENERAL SUPPORT | $1,500 |
JUDICIAL WATCH PURPOSE: GENERAL SUPPORT | $1,000 |
BALLET WEST PURPOSE: GENERAL SUPPORT | $23,610 |
NATIONAL LEGAL & POLICY CENTER PURPOSE: GENERAL SUPPORT | $1,500 |
CHARITY NAVIGATOR PURPOSE: GENERAL SUPPORT | $500 |