William J & Barbara A Schmidt Family Foundation Inc
- Assets
- $9.8m
- Revenue
- $613.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Appleton, WI
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 39-1869271
Organization Overview
William J & Barbara A Schmidt Family Foundation Inc is located in Appleton, WI. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William J & Barbara A 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 12/2021, William J & Barbara A Schmidt Family Foundation Inc generated $613.8k 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 (8.6%) each year. All expenses for the organization totaled $396.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William J & Barbara A Schmidt Family Foundation Inc has awarded 192 individual grants totaling $6,362,714. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED APPROXIMATELY 28 GRANTS TO 23 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Benz Treasurer And Director | OfficerTrustee | 1 | $0 |
Sarah Schmidt Vice President/secretary | OfficerTrustee | 1 | $0 |
Barbara Schmidt President And Director | OfficerTrustee | 1 | $0 |
Stephen Kuper Director | Trustee | 0.5 | $0 |
Marne Keller-Krikava Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,820 |
| Noncash contributions included in lines 1a–1f | $207,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,820 |
| Total Program Service Revenue | $0 |
| Investment income | $75,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $361,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,760 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,957 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $396,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,799,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,799,606 |
| Accounts payable and accrued expenses | $405 |
| Grants payable | $89,012 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,417 |
| Net assets without donor restrictions | $9,710,189 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,799,606 |
Grants Awarded
Over the last fiscal year, William J & Barbara A Schmidt Family Foundation Inc has awarded $333,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Appleton, WI PURPOSE: PHILANTHROPY | $61,000 |
Chicago, IL PURPOSE: JOB TRAINING | $40,000 |
Chicago, IL PURPOSE: SPECIALTY HOSPITALS | $35,000 |
New York, NY PURPOSE: SPECIFICALLY NAMED DISEASES | $25,000 |
Evanston, IL PURPOSE: SCHOLARSHIPS | $25,000 |
Appleton, WI PURPOSE: HOMELESS SHELTERS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William J & Barbara A Schmidt Family Foundation Inc has recieved totaling $48,580.
| Awarding Organization | Amount |
|---|---|
Community Foundation For The Fox Valley Region Inc Appleton, WI PURPOSE: PHILANTHROPY | $48,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mankato Rehabilitation Center Inc Mankato, MN | $28,388,137 | $99,959,255 |
The Thresholds Chicago, IL | $94,634,488 | $99,875,195 |
Goodwill Industries Of Southeastern Wisconsin Inc Milwaukee, WI | $193,592,595 | $82,804,954 |
Goodwill Industries Of Kentucky Inc Louisville, KY | $178,094,287 | $90,756,692 |
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Alphapointe Kansas City, MO | $66,593,380 | $65,983,959 |
Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund Indianapolis, IN | $154,194,573 | $61,829,945 |
Goodwill Industries Of Central Ohio Inc Columbus, OH | $26,248,903 | $59,867,109 |
Brotherhood Of Locomotive Engineers And Trainmen Independence, OH | $27,698,550 | $51,476,707 |
Illinois Agricultural Association Bloomington, IL | $66,126,421 | $53,830,805 |
United Brotherhood Of Carpenters & Joiners Of America Greenwood, IN | $122,593,290 | $51,465,869 |
Goodwill Easter Seals Miami Valley Dayton, OH | $85,565,204 | $56,204,309 |