Cody Schmit Scholarship Fund

Joseph Schmit Ttee
  • Ventura, IA
  • Tax-exempt since Jan. 2014
  • EIN: 27-6836215

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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

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 Dec.
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,292
Expenses
$8,513
Net Income
-$6,221
Net Assets
$61,828
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500
21.8%
Interest Revenue $1,532
66.8%
Dividends $260
11.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,513
100%
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 $61,828
Total Liabilities $0
Net Assets $61,828
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 9, 2026

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,111
Expenses
$11,512
Net Income
-$9,401
Net Assets
$68,049
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $850
40.3%
Interest Revenue $1,024
48.5%
Dividends $237
11.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,512
100%
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 $68,049
Total Liabilities $0
Net Assets $68,049
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,250
Expenses
$8,490
Net Income
-$7,240
Net Assets
$77,450
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,038
83.0%
Dividends $212
17.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,490
100%
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 $77,450
Total Liabilities $0
Net Assets $77,450
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,763
Expenses
$8,438
Net Income
-$6,675
Net Assets
$84,690
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $700
39.7%
Interest Revenue $871
49.4%
Dividends $192
10.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,438
100%
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 $84,690
Total Liabilities $0
Net Assets $84,690
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,624
Expenses
$11,399
Net Income
-$3,775
Net Assets
$91,365
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $680
8.9%
Interest Revenue $1,104
14.5%
Dividends $184
2.4%
Sales of Assets -$29
Other Income $5,685
74.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,399
100%
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 $91,365
Total Liabilities $0
Net Assets $91,365
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,411
Expenses
$7,363
Net Income
$15,048
Net Assets
$95,139
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,500
6.7%
Interest Revenue $1,134
5.1%
Dividends $211
0.9%
Sales of Assets $6,044
27.0%
Other Income $13,522
60.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,363
100%
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 $95,140
Total Liabilities $1
Net Assets $95,139
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 24, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,024
Expenses
$8,359
Net Income
$5,665
Net Assets
$80,091
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,428
24.4%
Interest Revenue $1,039
7.4%
Dividends $251
1.8%
Sales of Assets $0
Other Income $9,308
66.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,359
100%
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 $80,092
Total Liabilities $1
Net Assets $80,091
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,796
Expenses
$9,359
Net Income
$3,437
Net Assets
$74,427
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,127
24.4%
Interest Revenue $727
5.7%
Dividends $195
1.5%
Sales of Assets $0
Other Income $8,747
68.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,359
100%
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 $74,427
Total Liabilities $0
Net Assets $74,427
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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Document Links

990-PF
Filed on March 21, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,862
Expenses
$9,350
Net Income
$512
Net Assets
$70,990
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,325
33.7%
Interest Revenue $694
7.0%
Dividends $196
2.0%
Sales of Assets $1,769
17.9%
Other Income $3,878
39.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,350
100%
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 $70,990
Total Liabilities $0
Net Assets $70,990
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
+ View more people

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990-PF
Filed on March 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,911
Expenses
$8,500
Net Income
$1,411
Net Assets
$70,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,358
74.2%
Interest Revenue $746
7.5%
Dividends $184
1.9%
Sales of Assets -$71
Other Income $1,694
17.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,500
100%
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 $70,478
Total Liabilities $0
Net Assets $70,478
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
+ View more people

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990-PF
Filed on April 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,351
Expenses
$12,350
Net Income
-$999
Net Assets
$69,067
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,692
76.6%
Interest Revenue $855
7.5%
Dividends $161
1.4%
Sales of Assets $0
Other Income $1,643
14.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,350
100%
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 $69,067
Total Liabilities $0
Net Assets $69,067
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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990-PF
Filed on March 22, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,384
Expenses
$8,935
Net Income
$1,449
Net Assets
$70,066
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,717
83.9%
Interest Revenue $962
9.3%
Dividends $99
1.0%
Sales of Assets $0
Other Income $606
5.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,900
99.6%
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 $70,066
Total Liabilities $0
Net Assets $70,066
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
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990-PF
Filed on May 4, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,453
Expenses
$22,000
Net Income
$4,453
Net Assets
$68,617
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,356
92.1%
Interest Revenue $1,104
4.2%
Dividends $43
0.2%
Sales of Assets $0
Other Income $950
3.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,000
100%
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 $68,617
Total Liabilities $0
Net Assets $68,617
Compensation
Key Employees and Officers Compensation Other
Joseph Schmit (Trustee) $0 $0
Billie Schmit (Trustee) $0 $0
Jon Swenson (Trustee) $0 $0
Doug Doughan (Trustee) $0 $0
Karie Terhark (Trustee) $0 $0
+ View more people

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990-PF
Filed on Nov. 16, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,129
Expenses
$16,850
Net Income
-$2,721
Net Assets
$64,164
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,960
70.5%
Interest Revenue $1,216
8.6%
Dividends $0
Sales of Assets $0
Other Income $2,523
17.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,850
100%
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 $64,164
Total Liabilities $0
Net Assets $64,164

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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.

Which Organizations Are Here?

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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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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Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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