Schmidt Family Foundation Inc

Sarasota, FL
Tax-exempt since Jan. 1997
EIN: 61-0921414

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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.

Category: Arts, Culture and Humanities / History Museums (NTEE)

Donations to this organization are tax deductible.

Revenue

$452k (2024)

Expenses

$512k (2024)

Total Assets

$4.65M (2024)

Total Liabilities

$0 (2024)

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

Revenue

$452,411

Expenses

$512,200

Net Income

-$59,789

Net Assets

$4,647,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$147,422	32.6%
Sales of Assets	$304,989	67.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$496,350	96.9%
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	$4,647,496
Total Liabilities	$0
Net Assets	$4,647,496

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on May 27, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$139,191

Expenses

$200,100

Net Income

-$60,909

Net Assets

$4,707,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$134,796	96.8%
Sales of Assets	$4,395	3.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,800	90.9%
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	$4,707,285
Total Liabilities	$0
Net Assets	$4,707,285

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on May 16, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$121,015

Expenses

$395,000

Net Income

-$273,985

Net Assets

$4,768,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$90,886	75.1%
Sales of Assets	$30,129	24.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$378,250	95.8%
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	$4,768,194
Total Liabilities	$0
Net Assets	$4,768,194

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$107,118

Expenses

$319,507

Net Income

-$212,389

Net Assets

$5,042,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$40,827	38.1%
Sales of Assets	$66,291	61.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,278	94.3%
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	$5,042,179
Total Liabilities	$0
Net Assets	$5,042,179

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$181,718

Expenses

$315,625

Net Income

-$133,907

Net Assets

$5,254,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$146,945	80.9%
Sales of Assets	$34,773	19.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,250	94.2%
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	$5,254,568
Total Liabilities	$1
Net Assets	$5,254,567

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$140,755

Expenses

$305,668

Net Income

-$164,913

Net Assets

$5,388,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$111,132	79.0%
Sales of Assets	$29,623	21.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$288,365	94.3%
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	$5,388,475
Total Liabilities	$1
Net Assets	$5,388,474

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Sept. 3, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$166,696

Expenses

$320,250

Net Income

-$153,554

Net Assets

$5,553,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$140,323	84.2%
Sales of Assets	$26,373	15.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,875	94.3%
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	$5,553,388
Total Liabilities	$0
Net Assets	$5,553,388

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on July 25, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$128,954

Expenses

$350,654

Net Income

-$221,700

Net Assets

$5,747,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$102,112	79.2%
Sales of Assets	$26,842	20.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$326,000	93.0%
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	$5,747,258
Total Liabilities	$0
Net Assets	$5,747,258

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Aug. 14, 2018

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

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$124,497

Expenses

$497,194

Net Income

-$372,697

Net Assets

$5,968,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$99,197	79.7%
Sales of Assets	$25,300	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$480,000	96.5%
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	$5,968,958
Total Liabilities	$0
Net Assets	$5,968,958

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on May 12, 2017

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

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$160,681

Expenses

$1,074,186

Net Income

-$913,505

Net Assets

$6,341,655

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$118,912	74.0%
Sales of Assets	$41,769	26.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,048,850	97.6%
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	$6,341,655
Total Liabilities	$0
Net Assets	$6,341,655

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$149,803

Expenses

$411,511

Net Income

-$261,708

Net Assets

$7,255,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$128,563	85.8%
Sales of Assets	$21,240	14.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$386,000	93.8%
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	$7,255,160
Total Liabilities	$0
Net Assets	$7,255,160

Compensation

Key Employees and Officers	Compensation	Other
Janet B Schmidt (President)	$0	$0
Lawrence Schmidt (Secretary Treasurer)	$0	$0

990-PF

Filed on Nov. 16, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$527,200

Expenses

$658,364

Net Income

-$131,164

Net Assets

$7,516,868

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$108,120	20.5%
Sales of Assets	$46,030	8.7%
Other Income	$373,050	70.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$393,075	59.7%
Compensation of Officers*	$187,000	28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,516,868
Total Liabilities	$0
Net Assets	$7,516,868

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$5,924,884

Expenses

$712,864

Net Income

$5,212,020

Net Assets

$7,840,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,924,884	100%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$493,669	69.3%

Assets/Debt
Total Assets	$7,840,608
Total Liabilities	$0
Net Assets	$7,840,608

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,444,721

Expenses

$693,395

Net Income

$751,326

Net Assets

$2,738,588

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44	0.0%
Program Services	$10,015	0.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,069	0.1%
Net Fundraising	$0
Sales of Assets	$1,285,900	89.0%
Net Inventory Sales	$146,314	10.1%
Other Revenue	$379	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$361,273	52.1%

Assets/Debt
Total Assets	$2,738,588
Total Liabilities	$0
Net Assets	$2,738,588

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.

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Updated January 26, 2026

Schmidt Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $452k (2024)

Expenses $512k (2024)

Total Assets $4.65M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$452k (2024)

Expenses

$512k (2024)

Total Assets

$4.65M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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