Joseph J And Marie P Schedel Foundation
- Assets
- $5.0m
- Revenue
- $516.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Elmore, OH
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 34-6557721
Organization Overview
Joseph J And Marie P Schedel Foundation is located in Elmore, OH. The organization was established in 1964. 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. As of 12/2022, Joseph J And Marie P Schedel Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph J And Marie P Schedel 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 12/2022, Joseph J And Marie P Schedel Foundation generated $516.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $628.4k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATING THE SCHEDEL ARBORETUM & GARDENS, WHICH GIVES THE PUBLIC OPPORTUNITIES FOR THE STUDY AND APPRECIATION OF NATURE AND THE ARTS.
Describe the Organization's Program Activity:
THE SCHEDEL FOUNDATION'S MISSION STATEMENT INCLUDES PROVIDING UNIQUE OPPORTUNITIES FOR THE STUDY AND APPRECIATION OF NATURE AND THE ARTS. IN FURTHERANCE OF THAT MISSION, THE SCHEDEL ARBORETUM & GARDENS ANNUALLY IMPLEMENTS THE FOLLOWING PROGRAMS:-THE SCHEDEL SUMMER SCIENCE AND ART CAMPS - FOUR ONE-WEEK SESSIONS FOR STUDENTS IN ELEMENTARY AND MIDDLE SCHOOL. TOTAL OF 71 PARTICIPANTS.-ANNUAL WORKSHOP SERIES - APPROXIMATELY 22 NATURE AND ART THEMED WORKSHOPS AND SEMINARS CONDUCTED BY EXPERTS AND ARTISTS IN THE RESPECTIVE TOPICS.-GUIDED AND SELF-GUIDED TOURS - INDIVIDUALIZED TOURS DESCRIBING THE HISTORY OF THE SA&G, THE UNIQUE SPECIES OF TREES AND PLANTS ON THE GROUNDS, THE ANTIQUES AND ARTIFACTS, THE ART COLLECTIONS AND OPPORTUNITIES FOR SCIENTIFIC STUDY.-ROTATING ART EXHIBITS IN THE MCALEAR GALLERY PROVIDING OPPORTUNITIES FOR THE APPRECIATION OF THE ARTS INCLUDING THE WORKS OF LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL ARTISTS.-A UNIQUE VENUE FOR BUSINESS AND SOCIAL EVENTS OFFERING QUALITY OF LIFE FOR THE COMMUNITY.-WORLD CLASS COLLECTION AND DISPLAY OF UNIQUE BONSAI PLANTS.-ANNUAL DISPLAYS OF ANNUAL PLANTS IN A VARIETY OF GARDEN BEDS, INCLUDING THEMED BEDS, WITH PLANT NUMBERS TOTALING MORE THAN 10,000.-MAINTENANCE OF UNIQUE FEATURES DESIGNED TO PROVIDE AN UNUSUAL CUMULATIVE EXPERIENCE INCLUDING WATER FEATURES, INTERACTIVE FEATURES, DEMONSTRATIONS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Reilly Director | Trustee | 2 | $0 |
Reginald Noble Director | Trustee | 2 | $0 |
Allan O'neal Director | Trustee | 2 | $0 |
Dr William Horvath Director | Trustee | 2 | $0 |
Lane Williamson Director | Trustee | 2 | $0 |
Paul Toth Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,807 |
| Fundraising events | $106,173 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,172 |
| Total Program Service Revenue | $117,930 |
| Investment income | $18,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,317 |
| Net Gain/Loss on Asset Sales | $43,445 |
| Net Income from Fundraising Events | -$5,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,508 |
| Compensation of current officers, directors, key employees. | $54,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,187 |
| Pension plan accruals and contributions | $2,009 |
| Other employee benefits | $11,170 |
| Payroll taxes | $36,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,526 |
| Fees for services: Accounting | $6,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,885 |
| Fees for services: Other | $1,874 |
| Advertising and promotion | $19,677 |
| Office expenses | $12,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,431 |
| Travel | $12,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,464 |
| Insurance | $24,617 |
| All other expenses | $6,303 |
| Total functional expenses | $628,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,135 |
| Savings and temporary cash investments | $61,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,995,312 |
| Investments—publicly traded securities | $966,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $5,043,860 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $994,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,613 |
| Total liabilities | $997,050 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,046,810 |
| Total liabilities and net assets/fund balances | $5,043,860 |