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Louis And Melba Schott Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$89k (2024)

Expenses
$153k (2024)

Total Assets
$1.64M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,035
Expenses
$153,475
Net Income
-$64,440
Net Assets
$1,644,072
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $44,740
50.2%
Sales of Assets $44,295
49.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $105,486
68.7%
Compensation of Officers* $30,537
19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,644,072
Total Liabilities $0
Net Assets $1,644,072
Compensation
Key Employees and Officers Compensation Other
Fifth Third Bank N A (Trustee) $30,537 $0

Document Links

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$797,573
Expenses
$117,377
Net Income
$680,196
Net Assets
$1,708,516
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $38,567
4.8%
Sales of Assets $758,439
95.1%
Other Income $567
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,661
80.6%
Compensation of Officers* $25,822
22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,708,516
Total Liabilities $0
Net Assets $1,708,516
Compensation
Key Employees and Officers Compensation Other
Fifth Third Bank N A (Trustee) $25,822 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$95,078
Expenses
$117,431
Net Income
-$22,353
Net Assets
$1,028,321
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $52,905
55.6%
Sales of Assets $41,511
43.7%
Other Income $662
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,937
73.2%
Compensation of Officers* $26,008
22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,028,321
Total Liabilities $0
Net Assets $1,028,321
Compensation
Key Employees and Officers Compensation Other
Fifth Third Bank N A (Trustee) $26,008 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,777
Expenses
$97,799
Net Income
$59,978
Net Assets
$1,050,674
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $38,159
24.2%
Sales of Assets $118,438
75.1%
Other Income $1,180
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,599
73.2%
Compensation of Officers* $24,802
25.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,050,674
Total Liabilities $0
Net Assets $1,050,674
Compensation
Key Employees and Officers Compensation Other
Fifth Third Bank N A (Trustee) $24,802 $0
Elizabeth W Laplante (Advisor To Trustee) $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$4,573
Expenses
$117,479
Net Income
-$122,052
Net Assets
$980,688
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $42,426
Sales of Assets $0
Other Income $1,752
Notable Expenses Percent of Total Expenses
Charitable Disbursements $92,717
78.9%
Compensation of Officers* $22,663
19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $980,689
Total Liabilities $1
Net Assets $980,688
Compensation
Key Employees and Officers Compensation Other
Fifth Third Bank N A (Trustee) $22,413 $0
Elizabeth W Laplante (Advisor To Trustee) $250 $0

Document Links

Fiscal Year Ending Sept.
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,839
Expenses
$111,301
Net Income
-$45,462
Net Assets
$1,220,277
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $41,521
63.1%
Sales of Assets $23,347
35.5%
Other Income $969
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,422
77.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,220,277
Total Liabilities $0
Net Assets $1,220,277

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,735
Expenses
$109,900
Net Income
-$68,165
Net Assets
$1,270,738
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $40,488
97.0%
Sales of Assets $652
1.6%
Other Income $594
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,396
76.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,270,738
Total Liabilities $0
Net Assets $1,270,738

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,981
Expenses
$113,790
Net Income
-$23,809
Net Assets
$1,338,901
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $40,526
45.0%
Sales of Assets $49,069
54.5%
Other Income $385
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,334
75.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,338,901
Total Liabilities $0
Net Assets $1,338,901

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$120,251
Expenses
$98,813
Net Income
$21,438
Net Assets
$1,363,359
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $34,672
28.8%
Sales of Assets $85,579
71.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,080
74.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,363,359
Total Liabilities $0
Net Assets $1,363,359

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,488
Expenses
$101,955
Net Income
-$50,467
Net Assets
$1,342,133
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $36,922
71.7%
Sales of Assets $14,565
28.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $77,341
75.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,342,133
Total Liabilities $0
Net Assets $1,342,133

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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