Evelyn D Schmidt Charitable Tr
- Assets
- $5.3m
- Revenue
- $41.6k
- Investments
- $5.0m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 35-7033142
Organization Overview
Evelyn D Schmidt Charitable Tr is located in Durham, NC. The organization was established in 2014. 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. Evelyn D Schmidt Charitable Tr 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, Evelyn D Schmidt Charitable Tr generated $41.6k 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 (46.0%) each year. All expenses for the organization totaled $288.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Evelyn D Schmidt Charitable Tr has awarded 76 individual grants totaling $884,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 19 PUBLIC CHARITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,680 |
| Dividends & Interest | $107,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$86,548 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,400 |
| Other employee salaries and wages | $7,684 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,315 |
| Printing and publications | $0 |
| Other expenses | $48,869 |
| Total operating and administrative expenses | $138,370 |
| Contributions, gifts, grants paid | $149,600 |
| Total expenses and disbursements | $287,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,325 |
| 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 | $5,273,153 |
| 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, Evelyn D Schmidt Charitable Tr has awarded $149,600 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
MEALS ON WHEELS ON DURHAM INC PURPOSE: GENERAL SUPPORT | $10,000 |
JOHN AVERY BOYS AND GIRLS CLUB PURPOSE: GENERAL SUPPORT | $10,000 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN RED CROSSS PURPOSE: GENERAL SUPPORT | $10,000 |
DURHAM STRIDERS YOUTH ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
DURHAM LITERACY CENTER PURPOSE: GENERAL SUPPORT | $10,000 |