Paul Schultz & Ruth Schultz Foundation Inc
- Assets
- $5.1m
- Revenue
- $235.4k
- Investments
- $5.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1997
- Data as of
- 08/2023
- EIN
- 39-1890044
Organization Overview
Paul Schultz & Ruth Schultz Foundation Inc is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Paul Schultz & Ruth Schultz 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 08/2023, Paul Schultz & Ruth Schultz Foundation Inc generated $235.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 69.8% each year . All expenses for the organization totaled $339.8k during the year ending 08/2023. While expenses have increased by 25.0% per year over the past 4 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, Paul Schultz & Ruth Schultz Foundation Inc has awarded 53 individual grants totaling $561,411. 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 |
|---|---|---|---|
Karla Kieffer President | 1 | $0 | |
Kevin Kieffer Vice President | 1 | $0 | |
Kevin Kieffer Treasurer | 1 | $0 | |
Melissa Kampmann Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,917 |
| Capital Gain Net Income | $68,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $45,641 |
| Contributions, gifts, grants paid | $294,136 |
| Total expenses and disbursements | $339,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $5,131,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,131,701 |
| 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, Paul Schultz & Ruth Schultz Foundation Inc has awarded $294,136 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
MASTER GARDENERS PURPOSE: PROGRAM SUPPORT | $1,725 |
HAGAR HOUSE PURPOSE: PROGRAM SUPPORT | $9,000 |
SAINT MICHAELS CATHOLIC CHURCH PURPOSE: PROGRAM SUPPORT | $75,000 |
NEW BEGINNINGS FOR REFUGEES PURPOSE: PROGRAM SUPPORT | $12,000 |
MARATHON COUNTY HISTORICAL SOCIETY PURPOSE: PROGRAM SUPPORT | $1,500 |
WISCONSIN AUTOMOTIVE & TRUCK EDUCATION PURPOSE: PROGRAM SUPPORT | $3,000 |