Joseph J Schott Foundation

Mt Pleasant, SC
Tax-exempt since Dec. 1961
EIN: 34-6513748

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$781k (2023)

Expenses

$851k (2023)

Total Assets

$7.39M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$781,470

Expenses

$850,604

Net Income

-$69,134

Net Assets

$7,386,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35,905	4.6%
Dividends	$294,054	37.6%
Sales of Assets	$151,134	19.3%
Other Income	$300,377	38.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$551,736	64.9%
Compensation of Officers*	$154,729	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,386,578
Total Liabilities	$0
Net Assets	$7,386,578

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$42,000	$0
William Dunne Saal (President)	$42,000	$0
R Gregory Schott (Secretary)	$42,000	$0

990-PF

Filed on Feb. 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$336,469

Expenses

$527,970

Net Income

-$191,501

Net Assets

$9,953,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,006	0.3%
Dividends	$212,490	63.2%
Sales of Assets	$122,973	36.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$464,346	87.9%
Compensation of Officers*	$108,000	20.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,953,433
Total Liabilities	$0
Net Assets	$9,953,433

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$36,000	$0
William Dunne Saal (President)	$36,000	$0
R Gregory Schott (Secretary)	$36,000	$0

990-PF

Filed on Jan. 29, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$592,183

Expenses

$631,138

Net Income

-$38,955

Net Assets

$10,129,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.0%
Dividends	$209,795	35.4%
Sales of Assets	$382,347	64.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$548,705	86.9%
Compensation of Officers*	$99,134	15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,129,137
Total Liabilities	$0
Net Assets	$10,129,137

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$36,000	$0
William Dunne Saal (President)	$36,000	$0
R Gregory Schott (Secretary)	$36,000	$0

990-PF

Filed on Feb. 7, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

-$81,778

Expenses

$614,749

Net Income

-$696,527

Net Assets

$10,071,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$701
Dividends	$232,243
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$563,938	91.7%
Compensation of Officers*	$108,000	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,071,906
Total Liabilities	$1
Net Assets	$10,071,905

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$36,000	$0
William Dunne Saal (President)	$36,000	$0
R Gregory Schott (Secretary)	$36,000	$0

990-PF

Filed on Nov. 9, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$392,581

Expenses

$636,431

Net Income

-$243,850

Net Assets

$10,766,696

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,488	1.4%
Dividends	$200,895	51.2%
Sales of Assets	$186,198	47.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$591,468	92.9%
Compensation of Officers*	$96,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,766,697
Total Liabilities	$1
Net Assets	$10,766,696

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$32,000	$0
William Dunne Saal (President)	$32,000	$0
R Gregory Schott (Secretary)	$32,000	$0

990-PF

Filed on Nov. 6, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$3,428,169

Expenses

$670,188

Net Income

$2,757,981

Net Assets

$10,607,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,836	0.1%
Dividends	$244,150	7.1%
Sales of Assets	$3,181,183	92.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$597,380	89.1%
Compensation of Officers*	$96,000	14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,607,144
Total Liabilities	$0
Net Assets	$10,607,144

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$32,000	$0
William Dunne Saal (President)	$32,000	$0
R Gregory Schott (Secretary)	$32,000	$0

990-PF

Filed on Nov. 12, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$461,802

Expenses

$589,796

Net Income

-$127,994

Net Assets

$7,776,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$639	0.1%
Dividends	$288,522	62.5%
Sales of Assets	$172,641	37.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$507,390	86.0%
Compensation of Officers*	$96,000	16.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,776,712
Total Liabilities	$0
Net Assets	$7,776,712

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President/Treasurer)	$32,000	$0
William Dunne Saal (President)	$32,000	$0
R Gregory Schott (Secretary)	$32,000	$0

990-PF

Filed on Aug. 28, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$471,428

Expenses

$594,141

Net Income

-$122,713

Net Assets

$7,464,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$80	0.0%
Dividends	$252,587	53.6%
Sales of Assets	$197,138	41.8%
Other Income	$21,623	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$532,366	89.6%
Compensation of Officers*	$90,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,464,966
Total Liabilities	$0
Net Assets	$7,464,966

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth S Saal (Vice President)	$30,000	$0
William Dunne Saal (President)	$30,000	$0
R Gregory Schott (Secretary/Treasurer)	$30,000	$0

990-PF

Filed on May 12, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$875,232

Expenses

$6,096,201

Net Income

-$5,220,969

Net Assets

$8,067,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$123	0.0%
Dividends	$307,179	35.1%
Sales of Assets	$563,509	64.4%
Other Income	$4,421	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$767,178	12.6%
Compensation of Officers*	$81,666	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,067,956
Total Liabilities	$0
Net Assets	$8,067,956

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$434,363

Expenses

$796,361

Net Income

-$361,998

Net Assets

$12,531,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$133	0.0%
Dividends	$330,773	76.2%
Sales of Assets	$99,073	22.8%
Other Income	$4,384	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$655,370	82.3%
Compensation of Officers*	$82,286	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,531,880
Total Liabilities	$0
Net Assets	$12,531,880

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,386,388

Expenses

$782,914

Net Income

$603,474

Net Assets

$12,893,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$457	0.0%
Dividends	$326,575	23.6%
Sales of Assets	$1,059,356	76.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$687,488	87.8%
Compensation of Officers*	$76,078	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,893,878
Total Liabilities	$0
Net Assets	$12,893,878

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$397,338

Expenses

$470,321

Net Income

-$72,983

Net Assets

$12,290,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,437	4.9%
Dividends	$397,958	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$412,365	87.7%
Compensation of Officers*	$52,846	11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,290,404
Total Liabilities	$0
Net Assets	$12,290,404

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$451,470

Expenses

$714,077

Net Income

-$262,607

Net Assets

$12,363,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65,136	14.4%
Dividends	$294,607	65.3%
Sales of Assets	$91,727	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$671,379	94.0%
Compensation of Officers*	$69,208	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,363,387
Total Liabilities	$0
Net Assets	$12,363,387

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

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Joseph J Schott Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $781k (2023)

Expenses $851k (2023)

Total Assets $7.39M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$781k (2023)

Expenses

$851k (2023)

Total Assets

$7.39M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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