Schmidt Community Fund
- Assets
- $124.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-4625051
Organization Overview
Schmidt Community Fund is located in Traverse City, MI. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schmidt Community Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHMIDT COMMUNITY FUND PROVIDES EDUCATIONAL SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND OTHER CHARITABLE ORGANIZATIONS CHOSEN BY THE SELECTION COMMITTEE. THIS AID IS AVAILABLE TO PUBLIC SCHOOL STUDENTS BASED ON SCHOLASTIC PERFORMANCE AND NEED DUE TO FINANCIAL HARDSHIP, AND OTHER ORGANIZATIONS IN SUPPORT OF THE NEEDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schmidt President | 1 | $0 | |
Ken Schmidt Vice-President | 1 | $0 | |
Tom Gray Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,442 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,785 |
| Other Revenue | $0 |
| Total Revenue | $134,227 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59 |
| Total expenses | $142,631 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,317 |
| Other assets | $0 |
| Total assets | $124,317 |
| Total liabilities | $500 |
| Net assets or fund balances | $123,817 |