Joe And Anna Schmitz And Pat And Anna Burke Charitable Trust
- Assets
- $14.5m
- Revenue
- $890.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-4259292
Organization Overview
Joe And Anna Schmitz And Pat And Anna Burke Charitable Trust is located in Minneapolis, MN. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Joe And Anna Schmitz And Pat And Anna Burke 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, Joe And Anna Schmitz And Pat And Anna Burke Charitable Trust generated $890.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (67.6%) each year. All expenses for the organization totaled $284.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Joe And Anna Schmitz And Pat And Anna Burke Charitable Trust has awarded 12 individual grants totaling $480,957. 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
THE TRUST'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO SPECIFIED BENEFICIARY ORGANIZATIONS.
Describe the Organization's Program Activity:
THE TRUST PROVIDES FUNDS FOR THE FOLLOWING BENEFICIARIES: MONTANA SCHOOL FOR THE DEAF AND BLIND FOUNDATION, ROOSEVELT MEDICAL CENTER, ST. COLETTA SCHOOL, AND ROMAN CATHOLIC BISHOP OF GREAT FALLS, MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Little - Trustee Mt School For Deaf & Blind Fdtn | Trustee | 0.5 | $0 |
Darren Eultgen - Trustee Roman Catholic Bishop Of Great Falls | Trustee | 0.5 | $0 |
Jennifer Kessner - Trustee Roosevelt Memorial Hosp. (thru May) | Trustee | 0.5 | $0 |
Audrey Stromberg - Trustee Roosevelt Memorial Hosp. | Trustee | 0.5 | $0 |
Ted Behncke - Trustee St. Coletta School | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,000 |
| Total Program Service Revenue | $0 |
| Investment income | $96,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $205,705 |
| Net Gain/Loss on Asset Sales | -$20,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $890,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,335 |
| 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 | $0 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,994 |
| Fees for services: Other | $12,334 |
| Advertising and promotion | $0 |
| Office expenses | $877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,864 |
| Insurance | $15,138 |
| All other expenses | $1,447 |
| Total functional expenses | $283,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $299,816 |
| 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 | $11,247,884 |
| Investments—publicly traded securities | $2,962,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,316 |
| Total assets | $14,516,929 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $168,335 |
| 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 | $168,335 |
| Net assets without donor restrictions | $0 |
| 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 | $14,348,594 |
| Total liabilities and net assets/fund balances | $14,516,929 |
Grants Awarded
Over the last fiscal year, Joe And Anna Schmitz And Pat And Anna Burke Charitable Trust has awarded $168,335 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ROOSEVELT MEDICAL CENTER PURPOSE: General operations | $16,833 |
MONTANA SCHOOL FOR THE DEAF AND BLIND FOUNDATION PURPOSE: General operations | $16,833 |
ST COLETTA SCHOOL PURPOSE: General operations | $8,417 |
ROMAN CATHOLIC BISHOP OF GREAT FALLS PURPOSE: Care and share collection | $33,667 |
ROMAN CATHOLIC BISHOP OF GREAT FALLS PURPOSE: Altar Society at Charley Creek | $42,084 |
ROMAN CATHOLIC BISHOP OF GREAT FALLS PURPOSE: St Bernard's Parish Charley Creek | $50,501 |