Wheless Foundation

Paul B Schmidt Ttee

Shreveport, LA
Tax-exempt since Jan. 1947
EIN: 72-6017724

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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

$903k (2025)

Expenses

$806k (2025)

Total Assets

$10.8M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2011 to 2025

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 Oct.
2025

Revenue

$902,714

Expenses

$806,109

Net Income

$96,605

Net Assets

$10,811,865

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$145,131	16.1%
Dividends	$181,014	20.1%
Sales of Assets	$533,506	59.1%
Other Income	$43,063	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$689,134	85.5%
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	$10,811,865
Total Liabilities	$0
Net Assets	$10,811,865

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Dec. 9, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Oct.
2024

Revenue

$1,037,332

Expenses

$713,353

Net Income

$323,979

Net Assets

$10,709,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$98,271	9.5%
Dividends	$199,359	19.2%
Sales of Assets	$680,360	65.6%
Other Income	$59,342	5.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$614,114	86.1%
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	$10,709,251
Total Liabilities	$0
Net Assets	$10,709,251

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Feb. 10, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Oct.
2023

Revenue

$535,917

Expenses

$698,442

Net Income

-$162,525

Net Assets

$10,376,371

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$93,319	17.4%
Dividends	$145,026	27.1%
Sales of Assets	$231,595	43.2%
Other Income	$65,977	12.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$605,034	86.6%
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	$10,376,371
Total Liabilities	$0
Net Assets	$10,376,371

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on March 4, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2022

Revenue

$779,502

Expenses

$734,445

Net Income

$45,057

Net Assets

$10,528,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$88,911	11.4%
Dividends	$177,049	22.7%
Sales of Assets	$418,161	53.6%
Other Income	$95,381	12.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$627,162	85.4%
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	$10,528,999
Total Liabilities	$0
Net Assets	$10,528,999

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on March 9, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2021

Revenue

$905,881

Expenses

$600,431

Net Income

$305,450

Net Assets

$10,470,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$84,616	9.3%
Dividends	$142,055	15.7%
Sales of Assets	$611,717	67.5%
Other Income	$67,493	7.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$504,453	84.0%
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	$10,470,450
Total Liabilities	$0
Net Assets	$10,470,450

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Feb. 22, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2020

Revenue

$416,434

Expenses

$650,866

Net Income

-$234,432

Net Assets

$10,155,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$85,593	20.6%
Dividends	$151,116	36.3%
Sales of Assets	$118,780	28.5%
Other Income	$60,945	14.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$539,879	82.9%
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	$10,155,173
Total Liabilities	$1
Net Assets	$10,155,172

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on March 4, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2019

Revenue

$1,023,906

Expenses

$403,077

Net Income

$620,829

Net Assets

$10,380,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55,237	5.4%
Dividends	$164,688	16.1%
Sales of Assets	$706,807	69.0%
Other Income	$97,174	9.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$316,196	78.4%
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	$10,380,744
Total Liabilities	$1
Net Assets	$10,380,743

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on March 3, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2018

Revenue

$412,911

Expenses

$655,676

Net Income

-$242,765

Net Assets

$9,745,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,482	3.0%
Dividends	$211,117	51.1%
Sales of Assets	$82,443	20.0%
Other Income	$106,869	25.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$476,375	72.7%
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	$9,745,393
Total Liabilities	$0
Net Assets	$9,745,393

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Dec. 18, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Oct.
2016

Revenue

$390,070

Expenses

$567,609

Net Income

-$177,539

Net Assets

$5,044,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$108	0.0%
Dividends	$275,856	70.7%
Sales of Assets	$22,573	5.8%
Other Income	$91,533	23.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$507,002	89.3%
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	$5,044,395
Total Liabilities	$0
Net Assets	$5,044,395

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Feb. 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2015

Revenue

$695,120

Expenses

$542,051

Net Income

$153,069

Net Assets

$5,208,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$106	0.0%
Dividends	$251,779	36.2%
Sales of Assets	$279,517	40.2%
Other Income	$163,718	23.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$467,199	86.2%
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	$5,208,179
Total Liabilities	$0
Net Assets	$5,208,179

Compensation

Key Employees and Officers	Compensation	Other
Elise W Schmidt (Board Of Con)	$0	$0
James E Devan (Board Of Con)	$0	$0
Tracey E Hogan (Board Of Con)	$0	$0
W Hobson Hogan (Board Of Con)	$0	$0

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990-PF

Filed on Feb. 19, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2014

Revenue

$539,894

Expenses

$507,284

Net Income

$32,610

Net Assets

$5,030,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54	0.0%
Dividends	$228,722	42.4%
Sales of Assets	$40,237	7.5%
Other Income	$270,881	50.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$381,706	75.2%
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	$5,030,618
Total Liabilities	$0
Net Assets	$5,030,618

990-PF

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

PDF

Fiscal Year Ending Oct.
2013

Revenue

$1,126,834

Expenses

$458,091

Net Income

$668,743

Net Assets

$4,957,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$56	0.0%
Dividends	$197,275	17.5%
Sales of Assets	$660,968	58.7%
Other Income	$268,535	23.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$351,219	76.7%
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	$4,957,823
Total Liabilities	$0
Net Assets	$4,957,823

990-PF

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

PDF

Fiscal Year Ending Oct.
2012

Revenue

$634,823

Expenses

$419,817

Net Income

$215,006

Net Assets

$4,248,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$98	0.0%
Dividends	$177,466	28.0%
Sales of Assets	$212,350	33.5%
Other Income	$244,909	38.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$326,846	77.9%
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	$4,248,117
Total Liabilities	$0
Net Assets	$4,248,117

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$422,540

Expenses

$381,949

Net Income

$40,591

Net Assets

$3,996,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$115	0.0%
Dividends	$163,799	38.8%
Sales of Assets	$53,821	12.7%
Other Income	$204,805	48.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$302,317	79.2%
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	$3,996,375
Total Liabilities	$0
Net Assets	$3,996,375

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

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Updated January 26, 2026

Wheless Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $903k (2025)

Expenses $806k (2025)

Total Assets $10.8M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Oct. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Revenue

$903k (2025)

Expenses

$806k (2025)

Total Assets

$10.8M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Oct.
2025

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001