Arthur B Schmidt & Ruth Kirk Schmidt Charitable Trust
- Assets
- $516.9k
- Revenue
- $27.2k
- Investments
- $434.5k
- Employees
- 0
- Location
- Chambersburg, PA
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 25-6716391
Organization Overview
Arthur B Schmidt & Ruth Kirk Schmidt Charitable Trust is located in Chambersburg, PA. The organization was established in 1984. 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. Arthur B Schmidt & Ruth Kirk Schmidt 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, Arthur B Schmidt & Ruth Kirk Schmidt Charitable Trust generated $27.2k 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 (13.7%) each year. All expenses for the organization totaled $62.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,936 |
| Capital Gain Net Income | $11,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,646 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,719 |
| Contributions, gifts, grants paid | $51,278 |
| Total expenses and disbursements | $61,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,372 |
| 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 | $434,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $516,905 |
| 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, Arthur B Schmidt & Ruth Kirk Schmidt Charitable Trust has awarded $51,278 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FULTON COUNTY LIBRARY PURPOSE: UNRESTRICTED GIFT | $9,078 |
FULTON COUNTY HISTORICAL SOCIETY INC PURPOSE: GENERAL SUPPORT | $7,700 |
MCCONNELLSBURG RECREATION CENTER INC PURPOSE: UNRESTRICTED GIFT | $5,500 |
MCCONNELLSBURG ALUMNI & FRIENDS ASSOC PURPOSE: UNRESTRICTED GIFT | $26,000 |
FULTON COUNTY SPORTSMAN INC PURPOSE: UNRESTRICTED GIFT | $3,000 |