William A Schmidt & Teresa Elliott Schmidt Charitable Foundat
- Assets
- $569.6k
- Revenue
- $61.9k
- Investments
- $560.4k
- Employees
- 0
- Location
- Rancho Mirage, CA
- Founding
- 02/2012
- Data as of
- 11/2023
- EIN
- 45-3802754
Organization Overview
William A Schmidt & Teresa Elliott Schmidt Charitable Foundat is located in Rancho Mirage, CA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. William A Schmidt & Teresa Elliott Schmidt Charitable Foundat 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 11/2023, William A Schmidt & Teresa Elliott Schmidt Charitable Foundat generated $61.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $80.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William A Schmidt & Teresa Elliott Schmidt Charitable Foundat has awarded 292 individual grants totaling $603,592. 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 |
|---|---|---|---|
Wiiliam A Schmidt President | 0 | $0 | |
Teresa Elliot Schmidt Secretary | 0 | $0 | |
Bradley Schmidt Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $3,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,349 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,265 |
| Contributions, gifts, grants paid | $77,698 |
| Total expenses and disbursements | $79,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,220 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $569,573 |
| 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, William A Schmidt & Teresa Elliott Schmidt Charitable Foundat has awarded $77,698 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS-MAUI RELIEF FUND PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $500 |
BARBARA SINATRA CHILDERN'S CENTER PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $1,000 |
CANCER SUPPORT COMMUNITY PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $33,395 |
COACHELLA VALLEY RESCUE MISSION PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $4,350 |
DOCTORS WITHOUT BORDERS PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $250 |
FIND FOOD BANK PURPOSE: DONATE CASH TO SUPPORT CHARITABLE ORGANIZATION'S MISSION. | $2,400 |