Schmuhl Family Foundation
- Assets
- $871.4k
- Revenue
- $292.1k
- Investments
- $798.4k
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-2198403
Organization Overview
Schmuhl Family Foundation is located in South Bend, IN. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Schmuhl 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 12/2023, Schmuhl Family Foundation generated $292.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $75.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Schmuhl Family Foundation has awarded 46 individual grants totaling $171,500. 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 |
|---|---|---|---|
William J Schmuhl Jr President | 1 | $0 | |
Lorette M Schmuhl Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $256,135 |
| Interest on Savings | $632 |
| Dividends & Interest | $14,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,476 |
| Capital Gain Net Income | $66,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $292,127 |
| 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 | $12,589 |
| Contributions, gifts, grants paid | $62,500 |
| Total expenses and disbursements | $75,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,085 |
| 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 | $871,445 |
| 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, Schmuhl Family Foundation has awarded $62,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH BEND YOUTH SYMPHONY PURPOSE: GENERAL PURPOSE | $5,000 |
FOOD BANK OF NORTHERN INDIANA PURPOSE: GENERAL PURPOSE | $5,000 |
CULTIVATE FOOD RESCUE PURPOSE: GENERAL PURPOSE | $5,000 |
JEWISH VOCATIONAL SERVICES PURPOSE: GENERAL PURPOSE | $5,000 |
FR BLY QUARTERBACK CLUB FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
WEST SIDE COMMUNITY SERVICES PURPOSE: GENERAL PURPOSE | $5,000 |