Art And Mary Schmuckal Family Foundation
- Assets
- $7.0m
- Revenue
- $626.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 38-3498264
Organization Overview
Art And Mary Schmuckal Family Foundation is located in Traverse City, MI. The organization was established in 1999. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art And Mary Schmuckal Family 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 06/2022, Art And Mary Schmuckal Family Foundation generated $626.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $460.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Art And Mary Schmuckal Family Foundation has awarded 216 individual grants totaling $2,911,450. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara F Benson President | 0 | $0 | |
Jacob Richardson Director | 0 | $0 | |
Paul M Schmuckal Treasurer | 0 | $0 | |
Patrick J Wilson Asst. Secretary | 0 | $0 | |
Kevin P Schmuckal Director | 0 | $0 | |
Andrew Benson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $181 |
| Dividends & Interest | $119,735 |
| Net Rental Income | $80,949 |
| Net Gain on Sale of Assets | $371,660 |
| Capital Gain Net Income | $371,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,331 |
| Total Revenue | $626,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,800 |
| Depreciation | $19,528 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,496 |
| Total operating and administrative expenses | $74,631 |
| Contributions, gifts, grants paid | $385,900 |
| Total expenses and disbursements | $460,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,385 |
| Savings and temporary cash investments | $161,588 |
| 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 | $427,035 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,171,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,643 |
| Total assets | $6,957,541 |
| 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 | $2,259 |
| Total liabilities | $2,259 |
Grants Awarded
Over the last fiscal year, Art And Mary Schmuckal Family Foundation has awarded $385,900 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Traverse City, MI PURPOSE: SECOND PAYMENT OF A 5-YEAR MULTI-YEAR AWARD | $100,000 |
Traverse City, MI PURPOSE: FOURTH PAYMENT OF 5-YEAR MULTI-YEAR AWARD | $65,000 |
ST MARY'S OF HANNAH PURPOSE: FOR THE MILLION-DOLLAR ENDOWMENT CAMPAIGN | $50,000 |
HABITAT FOR HUMANITY GRAND TRAVERSE REGION PURPOSE: CATALYZING CAPITAL TO START BUILDING THE 1ST HOUSE OF WHAT WILL BE 14 TOTAL AT THE INNOVATIVE NEW WAVES CHURCH DEVELOPMENT IN LEELANAU COUTNY | $20,000 |
Traverse City, MI PURPOSE: TOWARDS THE PURCHASE OF A FORD TRANSIT | $20,000 |
Traverse City, MI PURPOSE: FUND PROJECT THAT ADDS A TOTAL OF 11-18 IN-SCHOOL SUPPORT GROUPS OVER THE NEXT 2 YEARS TARGETING THE MOST DISADVANTAGED YOUTH AND HOLISTICALLY SERVE THE NEEDS OF BEREAVED STUDENTS BY PROVIDING SUMMER GRIEF SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Jewish Federation Of Cleveland Cleveland, OH | $589,585,655 | $113,020,772 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |