Louis H And Mary C Schutte Charitable Tr
- Assets
- $388.2k
- Revenue
- $27.7k
- Investments
- $387.8k
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 37-6348238
Organization Overview
Louis H And Mary C Schutte Charitable Tr is located in Quincy, IL. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis H And Mary C Schutte 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 12/2021, Louis H And Mary C Schutte Charitable Tr generated $27.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $27.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis H And Mary C Schutte Charitable Tr has awarded 42 individual grants totaling $148,921. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $14,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,449 |
| Capital Gain Net Income | $13,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,042 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $5,913 |
| Contributions, gifts, grants paid | $21,933 |
| Total expenses and disbursements | $27,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $418 |
| 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 | $387,830 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $388,248 |
| 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, Louis H And Mary C Schutte Charitable Tr has awarded $21,933 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS ADAMS COUNTY PURPOSE: CHARITABLE | $3,656 |
Quincy, IL PURPOSE: CHARITABLE | $3,656 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: CHARITABLE | $3,656 |
QUINCY FAMILY YMCA PURPOSE: CHARITABLE | $3,655 |
THE SALVATION ARMY PURPOSE: CHARITABLE | $3,655 |
SALEM EVANGELICAL CHURCH PURPOSE: RELIGIOUS | $3,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |
Chicago White Sox Charities Inc Chicago, IL | $4,778,883 | $3,310,890 |
Emerson Directors & Officers Charitable Tr Po Box Chic, IL | $2,873,134 | $770,284 |
Invest For Kids Inc Chicago, IL | $849,493 | $1,726,967 |