Schmieding Foundation Term
- Assets
- $16.5m
- Revenue
- $2.1m
- Investments
- $11.1m
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 23-7262279
Organization Overview
Schmieding Foundation Term is located in Springdale, AR. The organization was established in 1999. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schmieding Foundation Term 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, Schmieding Foundation Term generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Schmieding Foundation Term has awarded 315 individual grants totaling $10,081,984. 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 |
|---|---|---|---|
Lance Taylor President | 40 | $261,128 | |
Gilda Underwood Vp/sec/treas/director | 2 | $9,430 | |
Robert D Rokeby Director | 1 | $2,300 | |
Patricia Williams Director | 1 | $3,450 | |
Pamela S English Director | 1 | $3,450 | |
Darin Montgomery Director | 1 | $3,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,744 |
| Dividends & Interest | $304,093 |
| Net Rental Income | $251,450 |
| Net Gain on Sale of Assets | $1,278,911 |
| Capital Gain Net Income | $1,278,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $867 |
| Total Revenue | $2,055,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $286,658 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,884 |
| Interest | $0 |
| Taxes | $52,837 |
| Depreciation | $82,456 |
| Occupancy | $59,889 |
| Travel, conferences, and meetings | $1,675 |
| Printing and publications | $0 |
| Other expenses | $111,913 |
| Total operating and administrative expenses | $822,727 |
| Contributions, gifts, grants paid | $3,075,654 |
| Total expenses and disbursements | $3,898,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,108,704 |
| Net Accounts receivable | $7,167 |
| 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 | $2,237,012 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,043,177 |
| Total assets | $16,512,926 |
| Accounts payable and accrued expenses | $12,565 |
| 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 | $12,565 |
Grants Awarded
Over the last fiscal year, Schmieding Foundation Term has awarded $3,075,654 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY TREE PURPOSE: VARIOUS | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: VARIOUS | $2,500 |
AMERICAN HEART ASSOCIATION PURPOSE: VARIOUS | $10,000 |
ARISA HEALTH INC PURPOSE: VARIOUS | $101,250 |
AMERICAN RED CROSS PURPOSE: VARIOUS | $10,000 |
ARKANSAS AIR AND MILITARY MUSEUM PURPOSE: VARIOUS | $5,000 |