Victor E And Caroline E Schutte Foundation
- Assets
- $13.2m
- Revenue
- $1.0m
- Investments
- $12.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 43-1661684
Organization Overview
Victor E And Caroline E Schutte Foundation is located in Dallas, TX. The organization was established in 1994. 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. Victor E And Caroline E Schutte 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 12/2023, Victor E And Caroline E Schutte Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 4.4% 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, Victor E And Caroline E Schutte Foundation has awarded 44 individual grants totaling $3,130,000. 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 |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $96,150 | |
Stinson Leonard Street Llp Co-Trustee | 1 | $71,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $493,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $526,990 |
| Capital Gain Net Income | $526,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,020,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,916 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39 |
| Total operating and administrative expenses | $235,726 |
| Contributions, gifts, grants paid | $810,000 |
| Total expenses and disbursements | $1,045,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,049,689 |
| 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 | $12,129,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,179,470 |
| 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, Victor E And Caroline E Schutte Foundation has awarded $810,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA - PURPOSE: URBAN YOUTH LEADERSHIP LAB | $100,000 |
KANSAS CITY REPERTORY THEATRE PURPOSE: EXPANSION OF LIGHTING | $30,000 |
ROTARY CLUB YOUTH CAMP PURPOSE: RENOVATION OF | $25,000 |
KCPT- PUBLIC TELEVISON 19 INC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
THANK YOU WALT DISNEY INC PURPOSE: MO DEVELOPMENT FINANCE | $100,000 |
THE RABBIT HOLE PURPOSE: FACILITY RENOVATIONS | $20,000 |