Skip to content
ProPublica Donate
ProPublica Donate

Otto Schoitz Foundation

  • Waterloo, IA
  • Tax-exempt since Aug. 2018
  • EIN: 81-1949053

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: Health — General and Rehabilitative / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$5.59M (2024)

Expenses
$5.29M (2024)

Total Assets
$70.1M (2024)

Total Liabilities
$3.81M (2024)

Source: Form 990 tax filings from 2016 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 Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,594,893
Expenses
$5,289,420
Net Income
$305,473
Net Assets
$66,252,563
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,425,000
25.5%
Interest Revenue $0
Dividends $2,763,517
49.4%
Sales of Assets $1,406,376
25.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,794,637
71.7%
Compensation of Officers* $151,167
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,066,615
Total Liabilities $3,814,052
Net Assets $66,252,563
Compensation
Key Employees and Officers Compensation Other
Michele Panicucci (Executive Director (Thru September 24)) $151,167 $4,535
Catherine Showalter (Grant Coordinator) $81,775 $2,453
Blake Hollis (Chair) $0 $0
Rhonda Mcrina (Vice Chair) $0 $0
Mike Mallaro (Immediate Past Chair) $0 $0
Christine Kemp (Treasurer) $0 $0
Andrew Miehe (Secretary) $0 $0
Robert Greenwood (Director) $0 $0
Renee Christoffer (Director) $0 $0
James Corye Johnson (Director) $0 $0
Eric Locke (Director) $0 $0
Karin Rowe (Director) $0 $0
Meagan Miller (Director) $0 $0
David Harris (Director (Partial Year)) $0 $0
Camille Hogan (Director (Partial Year)) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 23, 2025

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

View Filing
XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,173,025
Expenses
$3,055,079
Net Income
-$1,882,054
Net Assets
$58,209,070
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,464,592
> 100%
Sales of Assets -$291,567
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,763,504
> 100%
Compensation of Officers* $145,874
4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $60,720,167
Total Liabilities $2,511,097
Net Assets $58,209,070
Compensation
Key Employees and Officers Compensation Other
Michele Panicucci (Executive Director) $145,874 $4,376
Catherine Showalter (Grant Coordinator) $75,000 $2,250
Mike Mallaro (Chair) $0 $0
Rhonda Mcrina (Vice Chair) $0 $0
Eric Locke (Immediate Past Chair) $0 $0
Blake Hollis (Treasurer) $0 $0
Karin Rowe (Secretary) $0 $0
Robert Greenwood (Director) $0 $0
David Harris (Director) $0 $0
Camille Hogan (Director) $0 $0
Christine Kemp (Director) $0 $0
Andy Miehe (Director) $0 $0
Meagan Miller (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 9, 2024

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,584,223
Expenses
$5,151,130
Net Income
-$1,566,907
Net Assets
$53,875,409
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
27.9%
Interest Revenue $0
Dividends $2,325,629
64.9%
Sales of Assets $258,594
7.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,908,128
75.9%
Compensation of Officers* $128,368
2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $57,256,021
Total Liabilities $3,380,612
Net Assets $53,875,409
Compensation
Key Employees and Officers Compensation Other
Michele Panicucci (Executive Director) $128,368 $3,851
Catherine Showalter (Grant Coordinator) $69,667 $2,090
Rudy Jones (Vice Chair) $0 $0
Eric Locke (Chair) $0 $0
Camille Hogan (Immediate Past Chair) $0 $0
Mike Mallaro (Treasurer) $0 $0
Karin Rowe (Secretary) $0 $0
Hugh Field (Director) $0 $0
Will Frost (Director) $0 $0
Blake Hollis (Director) $0 $0
Rhonda Mcrina (Director) $0 $0
Andy Miehe (Director) $0 $0
Becky Mudd (Director) $0 $0
Doug Stanford (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 16, 2023

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

View Filing
XML

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,915,755
Expenses
$2,432,605
Net Income
$10,483,150
Net Assets
$65,872,041
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $859,814
6.7%
Sales of Assets $12,055,941
93.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,471,401
> 100%
Compensation of Officers* $121,540
5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $68,331,413
Total Liabilities $2,459,372
Net Assets $65,872,041
Compensation
Key Employees and Officers Compensation Other
Michele Panicucci (Executive Director) $121,540 $3,646
Camille Hogan (Chair) $0 $0
Eric Locke (Vice Chair) $0 $0
Mike Mallaro (Treasurer) $0 $0
Rudy Jones (Secretary) $0 $0
Will Frost (Director) $0 $0
Hugh Field (Director) $0 $0
Becky Mudd (Director) $0 $0
Karen Rowe (Director) $0 $0
Robert Petersen (Director) $0 $0
Douglas Stanford (Director) $0 $0
Catherine Young (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 12, 2022

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

View Filing
XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,651,275
Expenses
$2,602,726
Net Income
-$951,451
Net Assets
$57,435,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,651,275
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $126,691
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $54,114
2.1%
Assets/Debt
Total Assets $60,079,015
Total Liabilities $2,643,091
Net Assets $57,435,924
Compensation
Key Employees and Officers Compensation Related Other
Michele Panicucci (Executve Director) $102,544 $0 $24,146
Dennis Clark (Director) $0 $0 $0
Hugh Field (Director) $0 $0 $0
Becky Mudd (Director) $0 $0 $0
Donna Nelson (Director) $0 $0 $0
Robert Petersen (Director) $0 $0 $0
Douglas Stanford (Director) $0 $0 $0
Catherine Young (Director) $0 $0 $0
Camille Hogan (Chair) $0 $0 $0
Eric Locke (Vice Chair) $0 $0 $0
Mike Mallaro (Treasurer) $0 $0 $0
Rudy Jones (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 10, 2020

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,889,291
Expenses
$3,136,339
Net Income
-$1,247,048
Net Assets
$56,718,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $571,489
30.2%
Program Services $0
Investment Income $1,317,802
69.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $125,950
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $39,277
1.3%
Assets/Debt
Total Assets $59,448,561
Total Liabilities $2,729,840
Net Assets $56,718,721
Compensation
Key Employees and Officers Compensation Related Other
Michele Panicucci (Executve Director) $101,655 $0 $21,345
Dennis Clark (Director) $0 $0 $0
Hugh Field (Director) $0 $0 $0
Becky Mudd (Director) $0 $0 $0
Donna Nelson (Director) $0 $0 $0
Robert Petersen (Director) $0 $0 $0
Douglas Stanford (Director) $0 $0 $0
Catherine Young (Director) $0 $0 $0
Camille Hogan (Chairman) $0 $0 $0
Eric Locke (Vice Chairman) $0 $0 $0
Mike Mallaro (Treasurer) $0 $0 $0
Rudy Jones (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 11, 2020

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,643,476
Expenses
$2,789,822
Net Income
-$1,146,346
Net Assets
$57,838,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $200,000
12.2%
Program Services $0
Investment Income $1,443,476
87.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,054
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $59,218,701
Total Liabilities $1,379,738
Net Assets $57,838,963
Compensation
Key Employees and Officers Compensation Related Other
Michele Panicucci (Executve Director) $73,751 $0 $0
Camille Hogan (Chairman) $0 $0 $0
Eric Locke (Vice Chairman) $0 $0 $0
Mike Mallaro (Treasurer) $0 $0 $0
Rudy Jones (Secretary) $0 $0 $0
Dennis Clark (Director) $0 $0 $0
Hugh Field (Director) $0 $0 $0
Becky Mudd (Director) $0 $0 $0
Donna Nelson (Director) $0 $0 $0
Robert Petersen (Director) $0 $0 $0
Douglas Stanford (Director) $0 $0 $0
Catherine Young (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 4, 2019

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,227,041
Expenses
$231,132
Net Income
$995,909
Net Assets
$57,261,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,154
11.7%
Program Services $0
Investment Income $1,082,887
88.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,084
23.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,268,662
Total Liabilities $7,003
Net Assets $57,261,659
Compensation
Key Employees and Officers Compensation Related Other
Dennis Clark (Chairman) $0 $0 $0
Camille Hogan (Vice Chair) $0 $0 $0
Mike Mallaro (Treasurer) $0 $0 $0
Eric Locke (Secretary) $0 $0 $0
Hugh Field (Director) $0 $0 $0
Rudy Jones (Director) $0 $0 $0
Becky Mudd (Director) $0 $0 $0
Donna Nelson (Director) $0 $0 $0
Robert Petersen (Director) $0 $0 $0
Douglas Stanford (Director) $0 $0 $0
Catherine Young (Director) $0 $0 $0
Michele Panicucci (Executve Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 13, 2018

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

View Filing
XML

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,489,001
Expenses
$15,464
Net Income
$51,473,537
Net Assets
$51,792,172
Notable Sources of Revenue Percent of Total Revenue
Contributions $51,308,690
99.6%
Program Services $0
Investment Income $180,311
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,792,226
Total Liabilities $54
Net Assets $51,792,172

Document Links

990

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

PDF

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated