Marvin And Virgina Schmid Foundation
- Assets
- $28.1m
- Revenue
- $2.7m
- Investments
- $26.2m
- Employees
- 0
- Location
- Bellevue, NE
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 47-0800637
Organization Overview
Marvin And Virgina Schmid Foundation is located in Bellevue, NE. The organization was established in 1996. 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. Marvin And Virgina Schmid 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, Marvin And Virgina Schmid Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Rogers Davis Director | 20 | $50,000 | |
Heidi Wilson Secretary | 0 | $0 | |
Chris Davis Director | 0 | $0 | |
Mary Schmid Norton Director | 0 | $0 | |
Paige Norton Director | 0 | $0 | |
Eric Schmid Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $854,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,876,974 |
| Capital Gain Net Income | $1,876,974 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $2,731,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,825 |
| Interest | $0 |
| Taxes | $7,581 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $301,177 |
| Total operating and administrative expenses | $400,422 |
| Contributions, gifts, grants paid | $1,864,450 |
| Total expenses and disbursements | $2,264,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,920,435 |
| 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 | $13,286,593 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,131,628 |
| Accounts payable and accrued expenses | $3,428 |
| 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 | $3,428 |
Grants Awarded
Over the last fiscal year, Marvin And Virgina Schmid Foundation has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: GENERAL | $15,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: GENERAL | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Harry J Lloyd Charitable Trust Overland Park, KS | $0 | $292,469 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Marvin And Virgina Schmid Foundation Bellevue, NE | $28,131,628 | $2,731,281 |