Theodore And Elizabeth Schmidt Family Foundation

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 12/2021, Theodore And Elizabeth Schmidt Family Foundation generated $156.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $195.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 6 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 249 individual grants totaling $1,948,231. 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)Compensation
Sandefur Schmidt
Treasurer
$0
Theodore Schmidt
President
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $102,358
Net Rental Income$0
Net Gain on Sale of Assets $54,300
Capital Gain Net Income $54,300
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $156,658

Grants Awarded

Over the last fiscal year, Theodore And Elizabeth Schmidt Family Foundation has awarded $153,432 in support to 31 organizations.

Grant RecipientAmount

Salt Lake City, UT

PURPOSE: GENERAL SUPPORT

$25,000

NATE AZERA

PURPOSE: SCHOLARSHIP

$24,283

MILOS PETROVIC

PURPOSE: SCHOLARSHIP

$21,424

AMERICAN RED CROSS

PURPOSE: GENERAL SUPPORT

$20,000

LOGAN NEAL

PURPOSE: SCHOLARSHIP

$13,625

NOUMAN KANTE

PURPOSE: SCHOLARSHIP

$10,000
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