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William E Schmidt Foundation Inc

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: Educational Institutions and Related Activities / Specialized Education Institutions (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.52M (2024)

Expenses
$2.27M (2024)

Total Assets
$34.4M (2024)

Total Liabilities
$10.2k (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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,515,926
Expenses
$2,268,564
Net Income
$247,362
Net Assets
$34,379,349
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800
0.0%
Interest Revenue $2,975
0.1%
Dividends $749,901
29.8%
Sales of Assets $1,588,623
63.1%
Other Income $173,627
6.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,050,351
90.4%
Compensation of Officers* $84,750
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $34,389,588
Total Liabilities $10,239
Net Assets $34,379,349
Compensation
Key Employees and Officers Compensation Other
Christine Goerke Holloway (Board Member) $12,750 $0
Chester Schmidt (Chairman) $12,000 $0
Douglas Schmidt (Treasurer) $12,000 $0
J Michael Small (Secretary) $12,000 $0
Lisa Hamilton (President) $12,000 $0
Chester Schmidt Iv (Board Member) $12,000 $0
Janet Peterson (Board Member) $12,000 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,242,063
Expenses
$2,190,718
Net Income
$51,345
Net Assets
$34,131,987
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,950
0.2%
Dividends $786,940
35.1%
Sales of Assets $1,204,406
53.7%
Other Income $246,767
11.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,981,978
90.5%
Compensation of Officers* $56,000
2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $34,147,625
Total Liabilities $15,638
Net Assets $34,131,987
Compensation
Key Employees and Officers Compensation Other
Chester Schmidt (Chairman) $12,000 $0
Douglas Schmidt (Treasurer) $12,000 $0
J Michael Small (Secretary) $12,000 $0
Lisa Hamilton (President) $12,000 $0
Chester Schmidt Iv (Board Member) $4,000 $0
Janet Peterson (Board Member) $4,000 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,274,784
Expenses
$2,183,231
Net Income
$3,091,553
Net Assets
$34,080,642
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51,577
1.0%
Interest Revenue $4,896
0.1%
Dividends $723,340
13.7%
Sales of Assets $4,285,528
81.2%
Other Income $209,443
4.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,992,926
91.3%
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 $34,089,285
Total Liabilities $8,643
Net Assets $34,080,642
Compensation
Key Employees and Officers Compensation Other
Chester Schmidt (Chairman) $0 $0
Douglas Schmidt (Treasurer) $0 $0
J Michael Small (Secretary) $0 $0
Lisa Hamilton (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,147,673
Expenses
$2,071,173
Net Income
$76,500
Net Assets
$30,989,089
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $55,252
2.6%
Interest Revenue $5,758
0.3%
Dividends $738,796
34.4%
Sales of Assets $1,248,959
58.2%
Other Income $98,908
4.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,915,987
92.5%
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 $30,996,134
Total Liabilities $7,045
Net Assets $30,989,089
Compensation
Key Employees and Officers Compensation Other
Chester Schmidt (Chairman) $0 $0
Douglas Schmidt (Treasurer) $0 $0
J Michael Small (Secretary) $0 $0
Lisa Hamilton (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,444,348
Expenses
$1,920,089
Net Income
-$475,741
Net Assets
$30,912,589
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $58,774
4.1%
Interest Revenue $3,889
0.3%
Dividends $777,752
53.8%
Sales of Assets $313,719
21.7%
Other Income $290,214
20.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,777,277
92.6%
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 $30,917,768
Total Liabilities $5,179
Net Assets $30,912,589
Compensation
Key Employees and Officers Compensation Other
Chester Schmidt (Chairman) $0 $0
Douglas Schmidt (Treasurer) $0 $0
J Michael Small (Secretary) $0 $0
Lisa Hamilton (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,224,988
Expenses
$1,753,164
Net Income
-$528,176
Net Assets
$31,388,330
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $19,000
1.6%
Interest Revenue $30,231
2.5%
Dividends $757,141
61.8%
Sales of Assets $408,890
33.4%
Other Income $9,726
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,592,374
90.8%
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 $31,394,194
Total Liabilities $5,864
Net Assets $31,388,330

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,528,118
Expenses
$671,833
Net Income
$20,856,285
Net Assets
$28,960,485
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $21,597,671
> 100%
Interest Revenue $110,464
0.5%
Dividends $356,101
1.7%
Sales of Assets -$686,605
Other Income $150,487
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $576,535
85.8%
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 $28,960,485
Total Liabilities $0
Net Assets $28,960,485
Compensation
Key Employees and Officers Compensation Other
Chester Schmidt (Chairman) $0 $0
Stephen Schmidt (President) $0 $0
J Michael Small (Vp/Secretary) $0 $0
Douglas Schmidt (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,728,317
Expenses
$424,762
Net Income
$4,303,555
Net Assets
$8,162,111
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,507,495
95.3%
Interest Revenue $1,440
0.0%
Dividends $124,613
2.6%
Sales of Assets $94,215
2.0%
Other Income $554
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $393,960
92.7%
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 $8,162,111
Total Liabilities $0
Net Assets $8,162,111

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$288,820
Expenses
$256,925
Net Income
$31,895
Net Assets
$3,146,303
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $124,084
43.0%
Sales of Assets $163,044
56.5%
Other Income $1,692
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $230,177
89.6%
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 $3,146,303
Total Liabilities $0
Net Assets $3,146,303

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$316,122
Expenses
$312,650
Net Income
$3,472
Net Assets
$3,114,408
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,250
0.4%
Interest Revenue $0
Dividends $114,896
36.3%
Sales of Assets $196,164
62.1%
Other Income $3,812
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $277,450
88.7%
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 $3,114,408
Total Liabilities $0
Net Assets $3,114,408

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$274,583
Expenses
$252,550
Net Income
$22,033
Net Assets
$3,110,936
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $109,916
40.0%
Sales of Assets $158,991
57.9%
Other Income $5,676
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $209,825
83.1%
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 $3,110,936
Total Liabilities $0
Net Assets $3,110,936

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2004

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 Dec.
2003

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 Dec.
2002

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 Dec.
2001

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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