Schmidgall Family Foundation
- Assets
- $2.5m
- Revenue
- $189.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Walland, TN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4243630
Organization Overview
Schmidgall Family Foundation is located in Walland, TN. 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. Schmidgall Family 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, Schmidgall Family Foundation generated $189.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $132.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Schmidgall Family Foundation has awarded 47 individual grants totaling $946,272. 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 |
|---|---|---|---|
Sarah N Schmidgall Pres./sec./d | 0 | $0 | |
Matthew M Schmidgall Trea./vp/dir | 0 | $0 | |
Amy N Crutchfield Nieves Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $73,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,171 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $281 |
| Total operating and administrative expenses | $7,633 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $132,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,119 |
| Savings and temporary cash investments | $39,438 |
| 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 | $2,525,304 |
| Accounts payable and accrued expenses | $37 |
| 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 | $37 |
Grants Awarded
Over the last fiscal year, Schmidgall Family Foundation has awarded $125,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR SUCCESS FOR HIGH NEED PURPOSE: HIGH NEED SCHOOLS PROGRAM | $18,000 |
GIRL TALK INC PURPOSE: CHILDREN SUPPORT SERVICES | $10,000 |
THE CONSERVATION FOUNDATION PURPOSE: MIGHTY ACORNS-CHILDHOOD EDUC | $5,000 |
OLIVE TREE EARLY LEARNING ACADEMY PURPOSE: SUPPLEMENTAL CHILDHOOD EDUCATION | $40,000 |
THE RESTORATION HOUSE OF EAST PURPOSE: SUPPORTIVE TRANSITIONAL HOUSING | $12,000 |
T ROWE PRICE PROGRAM FOR CHARITABLE PURPOSE: EARLY CHILDHOOD EDUCATION | $40,000 |