Schumacher Foundation
- Assets
- $3.0m
- Revenue
- $655.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 31-6022954
Organization Overview
Schumacher Foundation is located in Columbus, OH. The organization was established in 0000. 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. Schumacher 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, Schumacher Foundation generated $655.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $624.1k during the year ending 12/2023. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Schumacher Foundation has awarded 74 individual grants totaling $2,018,181. 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 |
|---|---|---|---|
Carter H Finnell Trustee | 4 | $26,306 | |
Hunter Finnell Trustee | 4 | $26,306 | |
Lesley Blanchard Trustee | 16 | $26,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,485 |
| Interest on Savings | $18,638 |
| Dividends & Interest | $106,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $393,525 |
| Capital Gain Net Income | $393,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $655,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,930 |
| Total operating and administrative expenses | $107,149 |
| Contributions, gifts, grants paid | $517,000 |
| Total expenses and disbursements | $624,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,610 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,996,468 |
| 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, Schumacher Foundation has awarded $517,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY LIBRARAY PURPOSE: LIBRARY JONES FLEXIBLE LEARNING SPACE TO HELP COMPLETE NEW EVENT PRESENTAITON SPACE MOODY LIBRARY | $80,000 |
COLUMBUS MUSEUM OF ART ANNUAL FUND PURPOSE: ANNUAL FUND GIFT - ART AND EDUCATION SUPPORT | $35,000 |
COLUMBUS FOUNDATION REED AVE CENTER PURPOSE: ASSIST EDUCATION PROGRAMS | $20,000 |
COLUMBUS ZOO AND AQUARIUM PURPOSE: EDUCATION DEPARTMENT GIFT | $135,000 |
DISTRICT SCHOOL BOARD ONTARIO NORTH EAST PURPOSE: SCHUMACHER CHRISTMAS GIFT FUND - EDUCATION SUPPORT | $5,000 |
FIRST CONGREGATIONAL CHURCH PURPOSE: MARY SCHUMACHER FUND - RELIGIOUS | $17,500 |