William E Schmidt Foundation Inc
- Assets
- $34.1m
- Revenue
- $5.3m
- Investments
- $33.5m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 35-1884241
Organization Overview
William E Schmidt Foundation Inc is located in Evansville, IN. The organization was established in 1993. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William E Schmidt Foundation Inc 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, William E Schmidt Foundation Inc generated $5.3m 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 (24.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William E Schmidt Foundation Inc has awarded 112 individual grants totaling $2,187,148. 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 |
|---|---|---|---|
Chester Schmidt Chairman | 1 | $0 | |
Douglas Schmidt Treasurer | 1 | $0 | |
J Michael Small Secretary | 1 | $0 | |
Lisa Hamilton President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,577 |
| Interest on Savings | $4,896 |
| Dividends & Interest | $723,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,285,528 |
| Capital Gain Net Income | $4,285,528 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $209,443 |
| Total Revenue | $5,274,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $117 |
| Taxes | $46,833 |
| Depreciation | $1,481 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,515,189 |
| Total operating and administrative expenses | $1,688,106 |
| Contributions, gifts, grants paid | $495,125 |
| Total expenses and disbursements | $2,183,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,183 |
| 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 | $146,275 |
| 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 | $4,583 |
| Other assets | $70,219 |
| Total assets | $34,089,285 |
| Accounts payable and accrued expenses | $880 |
| 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 | $7,763 |
| Total liabilities | $8,643 |
Grants Awarded
Over the last fiscal year, William E Schmidt Foundation Inc has awarded $495,125 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BEA GADDY FAMILY CENTERS INC PURPOSE: DONATION | $15,000 |
DAN SCISM COLLEGE SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP SPONSOR | $30,000 |
HELEN B GOODLIN FOUNDATION PURPOSE: CONTEST FUNDS | $4,200 |
LAUREL CIVIC ASSOCIATION INC PURPOSE: UNRESTRICTED CONTRIBUTION | $113,750 |
MATTHEW 25 INC PURPOSE: 2020 COVID GRANT | $2,750 |
MATTINGLY CHARITIES PURPOSE: GRANT | $25,000 |