William C Schumacher Family Foundation
- Assets
- $22.4m
- Revenue
- $2.2m
- Investments
- $15.9m
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3932028
Organization Overview
William C Schumacher Family Foundation is located in Lafayette, LA. The organization was established in 2018. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. William C Schumacher 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, William C Schumacher Family Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William C Schumacher Family Foundation has awarded 77 individual grants totaling $5,608,775. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE MISSION OF COMMUNITY FOUNDATION OF ACADIANA BY DISTRIBUTING FUNDS TO OTHER CHARITABLE ORGANIZATIONS OR SPENDING RESOURCES TO BUILD STRONGER COMMUNITIES THROUGH COLLABORATION AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
GRANTS PROVIDED TO OTHER CHARITABLE ORGANIZATIONS
LOVE OUR SCHOOLS ENGAGES THE COMMUNITY TO IMPROVE LIVES THROUGH LEADERSHIP AND EDUCATION
PROVIDE INTERNET ACCESS TO STUDENTS IN LAFAYETTE PARISH SCHOOL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Shumacher Director | OfficerTrustee | 1 | $0 |
Ryan Domengeaux Ceo/director | OfficerTrustee | 40 | $42,857 |
Raymond Hebert Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $495,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $651,509 |
| Noncash contributions included in lines 1a–1f | $486,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,509 |
| Total Program Service Revenue | $0 |
| Investment income | $244,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $800,339 |
| Net Income from Fundraising Events | -$40,278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,150,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,880,577 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,753 |
| Fees for services: Accounting | $4,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,460 |
| Fees for services: Other | $358,305 |
| Advertising and promotion | $0 |
| Office expenses | $190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,046 |
| Insurance | $7,277 |
| All other expenses | $35,745 |
| Total functional expenses | $2,591,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $855,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $570,872 |
| Investments—publicly traded securities | $4,984,333 |
| Investments—other securities | $15,943,488 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,305 |
| Total assets | $22,357,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $22,357,310 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,357,310 |
Grants Awarded
Over the last fiscal year, William C Schumacher Family Foundation has awarded $1,851,842 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ACADIANA SYMPHONY ORCHESTRA & CONSERVATORY OF MUSIC PURPOSE: FOR THE SUPPORT OF ASO'S EDUCATIONAL MUSIC CONCERT SERIES PROGRAM | $20,000 |
BAYOU COMMUNITY FOUNDATION PURPOSE: IN SUPPORT OF THE REBUILD GRAND ISLE PROJECT | $47,896 |
ACADIANA HIGH SCHOOL PURPOSE: LOS 2022 HOME GIVEAWAY STUDENT SUPPORT FUNDS | $7,020 |
ACADIAN MIDDLE SCHOOL PURPOSE: LOS 2022 HOME GIVEAWAY STUDENT SUPPORT FUNDS | $8,160 |
CAREY BAPTIST ASSOCIATION PURPOSE: EIGHT DAYS OF HOPE LAKE CHARLES, LA REBUILD | $200,000 |
CARENCRO HIGH SCHOOL PURPOSE: LOS 2022 HOME GIVEAWAY STUDENT SUPPORT FUNDS | $6,230 |