The Walter E Schmid Family Foundation Charitable Trust
- Assets
- $22.6m
- Revenue
- $4.6m
- Investments
- $21.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-6908327
Organization Overview
The Walter E Schmid Family Foundation Charitable Trust is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Walter E Schmid Family Foundation Charitable Trust 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, Walter E Schmid Family Foundation Charitable Trust generated $4.6m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Walter E Schmid Family Foundation Charitable Trust has awarded 26 individual grants totaling $1,782,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,038,310 |
| Interest on Savings | $0 |
| Dividends & Interest | $676,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$132,141 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,582,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,127 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $262,687 |
| Contributions, gifts, grants paid | $945,000 |
| Total expenses and disbursements | $1,207,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,589 |
| 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 | $1,876,145 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,573,936 |
| 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, The Walter E Schmid Family Foundation Charitable Trust has awarded $945,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING HOPE DEAF CHURCH PURPOSE: GENERAL | $2,500 |
KLEINHANS MUSIC HALL MANAGEMENT INC PURPOSE: GENERAL | $250,000 |
BUFFALO PHILHARMONIC ORCHESTRA SOCIETY PURPOSE: GENERAL | $25,000 |
WESTERN NEW YORK PUBLIC BROADCASTING PURPOSE: GENERAL | $25,000 |
UNIVERSITY AT BUFFALO INC PURPOSE: GENERAL | $500,000 |
HEALTH MANAGEMENT GROUP LTD PURPOSE: GENERAL | $100,000 |