Schmid Foundation Inc
- Assets
- $32.5k
- Revenue
- $55.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Garden, FL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1498473
Organization Overview
Schmid Foundation Inc is located in Winter Garden, FL. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Schmid 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, Schmid Foundation Inc generated $55.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $43.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Schmid Foundation Inc has awarded 108 individual grants totaling $241,370. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATIONAL SUPPORT PROVIDED TO CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Schmid President | 1 | $0 | |
George M Schmid VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,831 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,233 |
| Total operating and administrative expenses | $34,233 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $43,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,508 |
| 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 | $32,508 |
| 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 | $55,681 |
| Total liabilities | $55,681 |
Grants Awarded
Over the last fiscal year, Schmid Foundation Inc has awarded $9,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $5,000 |
Minneola, FL PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $2,000 |
LAKE COUNTY TEEN SPORT FISHING ASSO PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $1,000 |
Memphis, TN PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $500 |
LAKE MINNEOLA HIGH SCHOOL BASEBALL PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $500 |
THE LAKESIDE CHURCH PURPOSE: ASSIST IN ACCOMPLISHING PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
Traveling Press Fund Inc St Petersburg, FL | $4,958,687 | $2,719,949 |