Schultz Family Foundation
- Assets
- $479.8k
- Revenue
- $14.9k
- Investments
- $466.1k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-3951062
Organization Overview
Schultz Family Foundation is located in Colorado Springs, CO. The organization was established in 2006. 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. Schultz 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, Schultz Family Foundation generated $14.9k 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 (4.4%) each year. All expenses for the organization totaled $222.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Schultz Family Foundation has awarded 50 individual grants totaling $102,030. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn A Schultz President | 0 | $0 | |
Kent Schultz Secretary | 0 | $0 | |
Gary Schultz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131 |
| Dividends & Interest | $16,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,351 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $2,215 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $842 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,518 |
| Contributions, gifts, grants paid | $216,000 |
| Total expenses and disbursements | $222,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,658 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $479,799 |
| 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, Schultz Family Foundation has awarded $35,135 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARBOR DAY FOUNDATION PURPOSE: K | $125 |
FARMHOUSE FRATERNITY FOUNDATION PURPOSE: K | $110 |
AVOCA NEWTOWN HISTORICAL SOCIETY PURPOSE: K | $100 |
UNITED CHURCH OF AVOCA PURPOSE: OK | $2,200 |
PROSTATE CANCER FOUNDATION PURPOSE: K | $50 |
FRIENDS OF IA PUBLIC BROADCASTING PURPOSE: K | $60 |