Rear Admiral O Douglas And Marie Coughlin Schumann Foundation
- Assets
- $3.3m
- Revenue
- $244.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Rio Rancho, NM
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2497691
Organization Overview
Rear Admiral O Douglas And Marie Coughlin Schumann Foundation is located in Rio Rancho, NM. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rear Admiral O Douglas And Marie Coughlin Schumann 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 12/2021, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation generated $244.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $254.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation has awarded 247 individual grants totaling $673,511. 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
SCHOLARSHIPS FOR SECONDARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Heil Treasurer | 2 | $0 | |
Tim Sheahan President | 2 | $0 | |
Tonna Burgos Director | 1 | $0 | |
Gregg Hull Director | 1 | $0 | |
Deacon David Little Director | 1 | $0 | |
Emily Watson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,755 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,521 |
| Capital Gain Net Income | $180,521 |
| Net ST Capital Gain | $15,116 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $244,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,990 |
| Total operating and administrative expenses | $49,441 |
| Contributions, gifts, grants paid | $205,100 |
| Total expenses and disbursements | $254,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,468 |
| 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 | $3,093,248 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,269,716 |
| 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, Rear Admiral O Douglas And Marie Coughlin Schumann Foundation has awarded $205,100 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
RIO RANCHO PUBLIC SCHOOLS PURPOSE: CONTRIBUTION | $10,000 |
EMMANUELLE OBENG PURPOSE: SCHOLARSHIP | $5,000 |
JENNA ARD PURPOSE: SCHOLARSHIP | $4,500 |
VALERIE PRIETO PURPOSE: SCHOLARSHIP | $4,000 |
ZACHARY VALLEJOS PURPOSE: SCHOLARSHIP | $4,000 |
BETHANY GRUENIG PURPOSE: SCHOLARSHIP | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |