Henry C Schulte & Virginia M Schulte Foundation
- Assets
- $1.2m
- Revenue
- $63.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Ballwin, MO
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 74-2882225
Organization Overview
Henry C Schulte & Virginia M Schulte Foundation is located in Ballwin, MO. The organization was established in 1998. 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. Henry C Schulte & Virginia M Schulte 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, Henry C Schulte & Virginia M Schulte Foundation generated $63.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $86.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Henry C Schulte & Virginia M Schulte Foundation has awarded 89 individual grants totaling $699,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CARRIES OUT ITS CHARITABLE PURPOSES BY MAKING SUBSTANTIAL CONTRIBUTIONS TO OTHER QUALIFIED EXEMPT ORGANIZATIONS; DURING 2023, MAJOR SUPPORT WAS TO:
BROWNSVILLE COMMUNITY FELLOWSHIP CHURCH ($1,000), SISTERS OF THE INCARNATE WORK ($8,000), FRANCISCANS FOR THE WORLD ($15,000), CANCER RESEARCH INSTITUTE ($1,000), ST. CECILIA CATHOLIC CHURCH ($8,000),HOLY INFANT CATHOLIC CHURCH ($1,000), ST. ALBAN ROE CATHOLIC CHURCH ($10,000), ST. ALBAN ROE CATHOLIC SCHOOL ($20,000), KENRICK GLENNON SEMINARY ($5,000), AND INTERNATIONAL MYELOMA FOUNDATION ($1,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stephen Randall Jr Chairman And President | 5 | $0 | |
Barbara D Randall Secretary/treasurer | 5 | $13,200 | |
Roger A Boulware Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,889 |
| Dividends & Interest | $50,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$287 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,470 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $86,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,017 |
| Savings and temporary cash investments | $12,640 |
| 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 | $1,246,245 |
| 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 | $505 |
| Total liabilities | $505 |
Grants Awarded
Over the last fiscal year, Henry C Schulte & Virginia M Schulte Foundation has awarded $70,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL MYELOMA FOUNDATION PURPOSE: RESEARCH | $1,000 |
CANCER RESEARCH INSTITUTE PURPOSE: RESEARCH | $1,000 |
BROWNSVILLE COMMUNITY FELLOWSHIP CHURCH PURPOSE: MINISTRIES | $1,000 |
FRANCISCANS OF THE WORLD PURPOSE: MINISTRIES | $15,000 |
HOLY INFANT CATHOLIC CHURCH PURPOSE: MINISTRIES | $1,000 |
KENRICK GLENNON SEMINARY PURPOSE: MINISTRIES | $5,000 |