Schatzi Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $15.8k
- Investments
- $539.5k
- Employees
- 0
- Location
- Billings, MT
- Founding
- Data as of
- 12/2023
- EIN
- 87-4123319
Organization Overview
Schatzi Family Foundation Inc is located in Billings, MT. 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. Schatzi Family Foundation Inc 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, Schatzi Family Foundation Inc generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.3%) each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernie Dutton President | 3 | $0 | |
Katie Scheetz Vice President | 1 | $0 | |
Cody Dutton Secretary | 1 | $0 | |
Leanne Dutton Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $44 |
| Dividends & Interest | $16,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$950 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $719 |
| Total operating and administrative expenses | $5,741 |
| Contributions, gifts, grants paid | $54,139 |
| Total expenses and disbursements | $59,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,452 |
| Savings and temporary cash investments | $0 |
| 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 | $539,517 |
| Net Land, buildings, and equipment | $717,869 |
| Other assets | $0 |
| Total assets | $1,263,838 |
| 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, Schatzi Family Foundation Inc has awarded $54,139 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA PRESS PURPOSE: ART BOOKS FOR ST. FRANCIS | $253 |
BILLINGS CATHOLIC SCHOOLS PURPOSE: ZIGGY AND STELLA ZIEGLER MEMORIAL SCHOLARSHIP, ST. FRANCIS ART PROJECT, GUEST SPEAKER SPONSORSHIP | $12,000 |
HARVEST CHURCH PURPOSE: CAR CARE MINISTRY | $2,000 |
CLDI BILLINGS PURPOSE: HANNAH HOUSE, ELEOS GROUP | $20,000 |
MONTANA FAMILY INSTITUTE PURPOSE: PHILANTHROPIC PURPOSES | $2,000 |
ST VINCENT DE PAUL PURPOSE: PHILANTHROPIC PURPOSES | $2,000 |