Schmitz Family Foundation
- Assets
- $54.1m
- Revenue
- $3.8m
- Investments
- $53.6m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 84-1548781
Organization Overview
Schmitz Family Foundation is located in Denver, CO. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Schmitz 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, Schmitz Family Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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 2014, Schmitz Family Foundation has awarded 101 individual grants totaling $12,689,571. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Mcbournie President | 10 | $70,000 | |
Julie Bunsness Vice President | 1 | $0 | |
Pat Job Secretary | 1 | $0 | |
Richard Schmitz Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,063,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $584,666 |
| Capital Gain Net Income | $527,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,111,739 |
| Total Revenue | $3,759,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $128,385 |
| Contributions, gifts, grants paid | $2,185,000 |
| Total expenses and disbursements | $2,313,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,989 |
| Savings and temporary cash investments | $372,653 |
| 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 | $53,646,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,101,518 |
| 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, Schmitz Family Foundation has awarded $2,185,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ACE SCHOLARSHIPS PURPOSE: TO PROVIDE CHILDREN OF LOW-INCOME FAMILIES WITH SCHOLARSHIPS TO PRIVATE SCHOOLS IN GRADES K-12. | $1,876,750 |
ST VINCENT DE PAUL SOCIETY PURPOSE: A NETWORK OF FRIENDS, INSPIRED BY GOSPEL VALUES, GROWING IN HOLINESS AND BUILDING A MORE JUST WORLD THROUGH PERSONAL RELATIONSHIPS WITH AND SERVICE TO PEOPLE IN NEED. | $0 |
SEEDS OF HOPE PURPOSE: TO CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION AVAILABLE. | $2,500 |
FADICA PURPOSE: FOUNDATIONS AND DONORS INTERESTED IN CATHOLIC ACTIVITIES (FADICA) CONNECTS PHILANTHROPISTS THROUGH A MEMBERSHIP COMMUNITY TO ENSURE LASTING IMPACT IN SUPPORT OF A VITAL CHURCH AND HUMAN FLOURISHING. FADICA SPIRITUALLY ENRICHES THE CATHOLIC PHILANTHROPIC COMMUNITY, BOTH INDIVIDUALLY AND COLLECTIVELY. | $8,750 |
ARUPE JESUIT HIGH SCHOOL PURPOSE: TO SERVE ECONOMICALLY DISADVANTAGED STUDENTS FROM INNER-CITY NEIGHBORHOODS, BY ENHANCING THE HUMAN EXPERIENCE THROUGH GOSPEL VALUES. | $10,000 |
LEARNING ALLY PURPOSE: A LEADING NONPROFIT EDUCATION SOLUTIONS ORGANIZATION THAT TRANSFORMS THE LIVES OF EARLY AND STRUGGLING LEARNERS THROUGH PROVEN SOLUTIONS | $0 |