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L Florence Schmidt 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
$93.2k (2024)

Expenses
$219k (2024)

Total Assets
$1.57M (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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$93,236
Expenses
$219,278
Net Income
-$126,042
Net Assets
$1,566,989
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $53,177
57.0%
Sales of Assets $35,904
38.5%
Other Income $4,155
4.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $194,017
88.5%
Compensation of Officers* $26,324
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,566,989
Total Liabilities $0
Net Assets $1,566,989
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $26,324 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,166
Expenses
$216,620
Net Income
-$119,454
Net Assets
$1,691,881
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $51,904
53.4%
Sales of Assets $43,644
44.9%
Other Income $1,618
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $192,624
88.9%
Compensation of Officers* $25,987
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,691,881
Total Liabilities $0
Net Assets $1,691,881
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $25,987 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$85,403
Expenses
$285,897
Net Income
-$200,494
Net Assets
$1,811,354
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $57,355
67.2%
Sales of Assets $7,929
9.3%
Other Income $20,119
23.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $254,499
89.0%
Compensation of Officers* $28,839
10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,811,354
Total Liabilities $0
Net Assets $1,811,354
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $28,839 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$237,112
Expenses
$281,000
Net Income
-$43,888
Net Assets
$1,997,739
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $53,035
22.4%
Sales of Assets $177,305
74.8%
Other Income $6,772
2.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $251,103
89.4%
Compensation of Officers* $32,620
11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,997,739
Total Liabilities $0
Net Assets $1,997,739
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $32,620 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,568
Expenses
$279,013
Net Income
-$214,445
Net Assets
$2,041,010
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $52,131
80.7%
Sales of Assets $4,428
6.9%
Other Income $8,009
12.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250,881
89.9%
Compensation of Officers* $30,595
11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,041,011
Total Liabilities $1
Net Assets $2,041,010
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $30,595 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,885
Expenses
$277,493
Net Income
-$175,608
Net Assets
$2,254,330
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $66,125
64.9%
Sales of Assets $27,178
26.7%
Other Income $8,582
8.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $234,477
84.5%
Compensation of Officers* $31,555
11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,254,331
Total Liabilities $1
Net Assets $2,254,330
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank N A (Trustee) $31,555 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$793,721
Expenses
$409,874
Net Income
$383,847
Net Assets
$2,431,730
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $55,271
7.0%
Sales of Assets $738,173
93.0%
Other Income $277
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $377,357
92.1%
Compensation of Officers* $38,017
9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,431,730
Total Liabilities $0
Net Assets $2,431,730
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $38,017 $0

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
$71,607
Expenses
$373,412
Net Income
-$301,805
Net Assets
$2,519,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $67,465
94.2%
Sales of Assets $3,620
5.1%
Other Income $522
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $337,796
90.5%
Compensation of Officers* $40,654
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,519,908
Total Liabilities $0
Net Assets $2,519,908

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$178,336
Expenses
$395,379
Net Income
-$217,043
Net Assets
$2,803,524
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $87,920
49.3%
Sales of Assets $81,160
45.5%
Other Income $9,256
5.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $361,719
91.5%
Compensation of Officers* $43,295
11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,803,524
Total Liabilities $0
Net Assets $2,803,524

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,733
Expenses
$396,553
Net Income
-$398,286
Net Assets
$3,037,844
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $92,373
Sales of Assets $0
Other Income $4,561
Notable Expenses Percent of Total Expenses
Charitable Disbursements $359,523
90.7%
Compensation of Officers* $40,536
10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,037,844
Total Liabilities $0
Net Assets $3,037,844

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,098
Expenses
$388,270
Net Income
-$213,172
Net Assets
$3,445,937
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $109,271
62.4%
Sales of Assets $65,415
37.4%
Other Income $412
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $355,264
91.5%
Compensation of Officers* $35,543
9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,445,937
Total Liabilities $0
Net Assets $3,445,937

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$188,747
Expenses
$427,168
Net Income
-$238,421
Net Assets
$3,653,953
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $148,135
78.5%
Sales of Assets $40,612
21.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $398,896
93.4%
Compensation of Officers* $32,428
7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,653,953
Total Liabilities $0
Net Assets $3,653,953

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

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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