Schowalter Foundation Inc
- Assets
- $10.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- North Newton, KS
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 48-0623544
Organization Overview
Schowalter Foundation Inc is located in North Newton, KS. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Schowalter 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 12/2022, Schowalter Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $426.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (43.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP FURTHER THE PROGRAMS/MISSION OF EVERENCE FOUNDATION PRIMARILY IN SUPPORT OF CHURCHES, AGENCIES, COLLEGES, AND OTHER CHARITIES ASSOCIATED WITH THE MENNONITE CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE SOLELY & EXCLUSIVELY AS A CHARITABLE ORGANIZATION, AND TO HELP MAINTAIN AND FURTHER THE PROGRAMS & MISSION OF EVERENCE FOUNDATION OF GOSHEN, IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlan Yoder President | Officer | 30 | $77,447 |
Anthony Swartzendruber Board Treasurer | OfficerTrustee | 2 | $0 |
Marty Lehman Board Secretary | OfficerTrustee | 2 | $0 |
Heber Ramer Board Chair | OfficerTrustee | 2 | $0 |
William Hartman III Board Member | Trustee | 1 | $0 |
Delbert Becker Board Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21 |
| Total Program Service Revenue | $0 |
| Investment income | $140,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $425,523 |
| Net Rental Income | $605,442 |
| Net Gain/Loss on Asset Sales | $229,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,400,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,447 |
| Compensation of current officers, directors, key employees. | $77,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,925 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $1,957 |
| Fees for services: Accounting | $5,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,372 |
| Fees for services: Other | $853 |
| Advertising and promotion | $0 |
| Office expenses | $1,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,069 |
| Travel | $432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,495 |
| All other expenses | $2,221 |
| Total functional expenses | $426,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,565 |
| Savings and temporary cash investments | $173,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $174,143 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,768,819 |
| Investments—publicly traded securities | $8,021,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,285 |
| Total assets | $10,243,811 |
| Accounts payable and accrued expenses | $76,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,211 |
| Net assets without donor restrictions | $10,167,600 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,243,811 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Schowalter Foundation Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |