Robert E And Patricia A Schmidt Foundation
- Assets
- $0.0
- Revenue
- $26.3m
- Investments
- $31.3m
- Employees
- 0
- Location
- Hays, KS
- Founding
- 10/1990
- Data as of
- 11/2020
- EIN
- 48-1077463
Organization Overview
Robert E And Patricia A Schmidt Foundation is located in Hays, KS. The organization was established in 1990. 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. Robert E And Patricia A Schmidt 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 11/2020, Robert E And Patricia A Schmidt Foundation generated $26.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 73.5% each year . All expenses for the organization totaled $2.8m during the year ending 11/2020. While expenses have increased by 28.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert E And Patricia A Schmidt Foundation has awarded 433 individual grants totaling $11,149,140. 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 |
|---|---|---|---|
Gary Shorman Trustee/president | 10 | $79,000 | |
Joseph W Jeter Trustee | 5 | $49,000 | |
Kurt David Trustee | 5 | $49,000 | |
Randy Walker Trustee | 5 | $49,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,958,658 |
| Interest on Savings | $276,436 |
| Dividends & Interest | $857,499 |
| Profit on Inventory Sales | $115,284 |
| Other Income | -$818,969 |
| Total Revenue | $26,330,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $154,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $89,027 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $766,023 |
| Contributions, gifts, grants paid | $2,034,571 |
| Total expenses and disbursements | $2,800,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,608,903 |
| Other assets | $7,911,425 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert E And Patricia A Schmidt Foundation has awarded $3,602,800 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
FHSU FOUNDATION PURPOSE: FOOTBALL FACILITY | $500,000 |
FHSU FOUNDATION PURPOSE: FOOTBALL FACILITY | $500,000 |
FHSU FOUNDATION PURPOSE: SCHMIDT FOUNDATION SCHOLARS - 2023 PLEDGE | $300,000 |
Olathe, KS PURPOSE: CAMBER MENTAL HEALTH (1 OF 4) | $250,000 |
FHSU FOUNDATION PURPOSE: CENTER FOR ART & DESIGN (4 OF 10) | $250,000 |
DSNWK PURPOSE: PLEDGE IN FULL | $170,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
E L And Thelma Gaylord Foundation Oklahoma City, OK | $0 | $13,309,432 |