Us Venture-Schmidt Family Foundation Inc
- Assets
- $6.1m
- Revenue
- $4.9m
- Investments
- $5.1m
- Employees
- 0
- Location
- Appleton, WI
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 39-1540933
Organization Overview
Us Venture-Schmidt Family Foundation Inc is located in Appleton, WI. The organization was established in 1986. 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. Us Venture-Schmidt Family 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 12/2023, Us Venture-Schmidt Family Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 18.1% per year over the past 5 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.
Since 2020, Us Venture-Schmidt Family Foundation Inc has awarded 456 individual grants totaling $11,661,766. 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 |
|---|---|---|---|
Amber Simonds President | 1 | $0 | |
Dan Posanski Vice President | 1 | $0 | |
Sarah Johannsen Treasurer | 1 | $0 | |
Greg Bongers Board Member | 0.1 | $0 | |
Mike Bongers Board Member | 0.1 | $0 | |
Bill Kessenich Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $146,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,420 |
| Capital Gain Net Income | $109,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,855,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $873 |
| Total operating and administrative expenses | $34,322 |
| Contributions, gifts, grants paid | $4,325,315 |
| Total expenses and disbursements | $4,359,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,659 |
| Savings and temporary cash investments | $220,547 |
| 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 | $6,140,245 |
| 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, Us Venture-Schmidt Family Foundation Inc has awarded $4,325,315 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER CHICAGO PURPOSE: EDUCATION & SCHOLARSHIPS | $60,000 |
ACHIEVE BROWN COUNTY PURPOSE: EDUCATION & SCHOLARSHIPS | $30,000 |
ADVOCATES FOR CAMP ABLE PURPOSE: HEALTH & HUMAN SERVICES | $5,000 |
ALZHEIMER ASSOCIATION PURPOSE: HEALTH & HUMAN SERVICES | $25,750 |
ALS ASSOCIATION - WISCONSIN CHAPTER PURPOSE: HEALTH & HUMAN SERVICES | $15,000 |
APPLETON COMMUNITY MUSIC INC PURPOSE: ARTS/CULTURE | $10,000 |