Schultz Family Foundation
- Assets
- $463.5m
- Revenue
- $158.8m
- Investments
- $449.8m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 91-1746414
Organization Overview
Schultz Family Foundation is located in Seattle, WA. 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. Schultz Family 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, Schultz Family Foundation generated $158.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 66.6% each year . All expenses for the organization totaled $24.8m during the year ending 12/2021. While expenses have increased by 37.6% per year over the past 5 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 2020, Schultz Family Foundation has awarded 340 individual grants totaling $51,181,242. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED EFFORTS TO SUPPORT YOUTH TRANSITION TO ADULTHOOD INCLUDING A YOUTH SERVICE INITIATIVE ESTABLISHED TO RESPOND TO NATIONAL NEEDS BROUGHT ON BY THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie L Groark Program Director | 40 | $159,910 | |
Alison U Green Chief Operations Off | 40 | $149,150 | |
Ellen H Gardner Senior Program Offic | 40 | $115,207 | |
Joshua T Beerman Office Manager | 40 | $57,128 | |
Patricia D Horoho Trustee | 3 | $50,000 | |
Sheri Kersch-Schultz Trustee | 25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Common Group | 12/30/21 | $165,585 |
Your Part-time Controller Llc | 12/30/21 | $104,755 |
New Impact | 12/30/21 | $125,000 |
Sisgi Group | 12/30/21 | $88,093 |
Fiona Shue-pui Yung | 12/30/21 | $90,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,905,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,080,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,821,806 |
| Capital Gain Net Income | $129,821,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,807,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $618,177 |
| Pension plans, employee benefits | $141,994 |
| Interest | $0 |
| Taxes | $525,000 |
| Depreciation | $10,212 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,237 |
| Printing and publications | $22,375 |
| Other expenses | $623,311 |
| Total operating and administrative expenses | $2,801,171 |
| Contributions, gifts, grants paid | $22,023,766 |
| Total expenses and disbursements | $24,824,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,146,006 |
| 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 | $52,818 |
| Other assets | $500,062 |
| Total assets | $463,519,339 |
| Accounts payable and accrued expenses | $7,640 |
| 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 | $7,640 |
Grants Awarded
Over the last fiscal year, Schultz Family Foundation has awarded $22,023,766 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: FURTHER CHARITABLE GOALS | $2,000,000 |
WASHINGTON SERVICE CORPS PURPOSE: FURTHER CHARITABLE GOALS | $1,058,317 |
Fort Myers, FL PURPOSE: FURTHER CHARITABLE GOALS | $1,000,000 |
Alpharetta, GA PURPOSE: FURTHER CHARITABLE GOALS | $1,000,000 |
Boston, MA PURPOSE: FURTHER CHARITABLE GOALS | $850,000 |
IMENTOR PURPOSE: FURTHER CHARITABLE GOALS | $750,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Schultz Family Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Karen Mayers Gamoran Foundation Seattle, WA PURPOSE: COVID 19 RESPONSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |