Matt Schmidt Faith Foundation Inc
- Assets
- $2.1m
- Revenue
- $390.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-2194703
Organization Overview
Matt Schmidt Faith Foundation Inc is located in Green Bay, WI. The organization was established in 2017. 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. Matt Schmidt Faith 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 12/2021, Matt Schmidt Faith Foundation Inc generated $390.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.6%) each year. All expenses for the organization totaled $151.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Matt Schmidt Faith Foundation Inc has awarded 26 individual grants totaling $872,572. 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 |
|---|---|---|---|
Karl Schmidt Treasurer & Director | 1 | $0 | |
Andrew Schmidt Co-President & Director | 1 | $0 | |
Karen Schmidt Secretary & Director | 1 | $0 | |
Sarah Schmidt Co-President & Director | 1 | $0 | |
William Plummer Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $320,887 |
| Capital Gain Net Income | $323,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $390,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,701 |
| Total operating and administrative expenses | $21,170 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $151,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,674 |
| Savings and temporary cash investments | $21,197 |
| 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 | $2,110,306 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Matt Schmidt Faith Foundation Inc has awarded $130,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRIAN LAVIOLETTE SCHOLARSHIP FOUNDATION PURPOSE: ENDOW A SCHOLARSHIP FOR STUDENTS | $50,000 |
SYBLE HOPP SCHOOL PURPOSE: SYBLE HOPP SCHOOL CAPITAL CAMPAIGN - SCHOOL ADDITION/RENOVATION | $50,000 |
YOUNG LIFE PURPOSE: CHRISTIAN OUTREACH TO CHILDREN AND YOUNG ADULTS | $15,000 |
CRU PURPOSE: STUDENT INTERN SPONSORSHIP | $5,000 |
Appleton, WI PURPOSE: 2020 LIFEFEST | $5,000 |
BIG BROTHERS BIG SISTERS OF NW WI PURPOSE: YOUTH MENTORING PROGRAMS | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Matt Schmidt Faith Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Easter Foundation Inc De Pere, WI PURPOSE: TO FUND CHARITABLE OBJECTIVES OF THE ORGANIZATION | $2,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |