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Arthur B Schultz Foundation

  • Lander, WY
  • Tax-exempt since June 1986
  • EIN: 95-3980014

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$244k (2024)

Expenses
$822k (2024)

Total Assets
$5.82M (2024)

Total Liabilities
$11.2k (2024)

Years with multiple filings
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
$244,149
Expenses
$821,680
Net Income
-$577,531
Net Assets
$5,812,959
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40,453
16.6%
Dividends $65,657
26.9%
Sales of Assets $52,422
21.5%
Other Income $85,617
35.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $519,688
63.2%
Compensation of Officers* $166,062
20.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,824,135
Total Liabilities $11,176
Net Assets $5,812,959
Compensation
Key Employees and Officers Compensation Other
Rachael Knapp Richards (Executive Dir.) $163,062 $67,601
Tale Finnanger (Chairman) $1,500 $0
Shanu Bashuna (Director) $1,500 $0
Erik Schultz (Treasurer) $0 $0
Preben Schultz (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 17, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$321,955
Expenses
$756,248
Net Income
-$434,293
Net Assets
$6,390,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $24,947
7.7%
Dividends $73,922
23.0%
Sales of Assets $169,732
52.7%
Other Income $53,354
16.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $535,321
70.8%
Compensation of Officers* $162,200
21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,402,599
Total Liabilities $12,113
Net Assets $6,390,486
Compensation
Key Employees and Officers Compensation Other
Rachael Richards (Executive Director And Secretary) $157,700 $29,231
Shanu Bashuna (Director) $3,000 $0
Tale Finnanger (Vice President Treasurer Director) $1,500 $0
Erik Schultz (Chairperson And Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 6, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$515,854
Expenses
$853,948
Net Income
-$338,094
Net Assets
$6,824,779
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,390
1.0%
Dividends $60,067
11.6%
Sales of Assets $359,221
69.6%
Other Income $91,176
17.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $674,439
79.0%
Compensation of Officers* $135,200
15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,861,610
Total Liabilities $36,831
Net Assets $6,824,779
Compensation
Key Employees and Officers Compensation Other
Rachael Richards (Executive Director And Secretary) $135,200 $23,352
Erik Schultz (Chairperson And Director) $0 $0
Tale Finnanger (Vice President Treasurer Director) $0 $0
Shanu Bashuna (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 6, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$314,011
Expenses
$639,565
Net Income
-$325,554
Net Assets
$7,162,876
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
15.9%
Interest Revenue $3,610
1.1%
Dividends $60,523
19.3%
Sales of Assets $113,263
36.1%
Other Income $86,615
27.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $490,603
76.7%
Compensation of Officers* $130,000
20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,176,005
Total Liabilities $13,129
Net Assets $7,162,876
Compensation
Key Employees and Officers Compensation Other
Rachael Richards (Executive Director And Secretary) $130,000 $18,115
Erik Schultz (Chairperson And Director) $0 $0
Tale Finnanger (Vice President Treasurer Director) $0 $0
Shanu Bashuna (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 4, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,037,281
Expenses
$523,747
Net Income
$2,513,534
Net Assets
$7,488,431
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,393,219
45.9%
Interest Revenue $3,980
0.1%
Dividends $50,644
1.7%
Sales of Assets $1,554,830
51.2%
Other Income $34,608
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $410,141
78.3%
Compensation of Officers* $90,883
17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,496,207
Total Liabilities $7,776
Net Assets $7,488,431
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director And Secretary) $90,883 $17,635
Arthur B Schultz (Chairman Emeritus) $0 $0
Erik Schultz (Chairperson And Director) $0 $0
Dave Straley (Vice President Treasurer Director) $0 $0
Jon Schultz (Director) $0 $0
Einar Christensen (Director) $0 $0
Mike Testa (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 14, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$868,212
Expenses
$350,660
Net Income
$517,552
Net Assets
$4,974,895
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,100,000
> 100%
Interest Revenue $2,625
0.3%
Dividends $86,259
9.9%
Sales of Assets $177,770
20.5%
Other Income $7,972
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $332,600
94.8%
Compensation of Officers* $95,667
27.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,977,878
Total Liabilities $2,983
Net Assets $4,974,895
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director And Secretary) $95,667 $16,163
Arthur B Schultz (Chairman Emeritus) $0 $0
Erik Schultz (Chairperson And Director) $0 $0
Dave Straley (Vice President Treasurer Director) $0 $0
Jon Schultz (Director) $0 $0
Einar Christensen (Director) $0 $0
Mike Testa (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on July 14, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,746,256
Expenses
$362,873
Net Income
$1,383,383
Net Assets
$4,428,614
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,565
1.1%
Dividends $66,873
3.8%
Sales of Assets $1,650,160
94.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $294,768
81.2%
Compensation of Officers* $84,000
23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,464,029
Total Liabilities $35,415
Net Assets $4,428,614
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director And Secretary) $84,000 $3,887
Arthur B Schultz (Chairman Emeritus) $0 $0
Erik Schultz (Chairperson And Director) $0 $0
Dave Straley (Vice President Treasurer Director) $0 $0
Jon Schultz (Director) $0 $0
Einar Christensen (Director) $0 $0
Mike Testa (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 14, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$141,493
Expenses
$377,855
Net Income
-$236,362
Net Assets
$3,075,569
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $83,505
59.0%
Sales of Assets $26,731
18.9%
Other Income $8,241
5.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $311,768
82.5%
Compensation of Officers* $70,000
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,079,572
Total Liabilities $4,003
Net Assets $3,075,569
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director And Secretary) $70,000 $4,386
Arthur B Schultz (Chairman Emeritus) $0 $0
Erik Schultz (Chairperson And Director) $0 $0
Dave Straley (Vice President Treasurer Director) $0 $0
Jon Schultz (Director) $0 $0
Einar Christensen (Director) $0 $0
Mike Testa (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,749
Expenses
$377,375
Net Income
-$274,626
Net Assets
$3,303,712
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $62,309
60.6%
Sales of Assets -$11,278
Other Income $28,584
27.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $201,317
53.3%
Compensation of Officers* $70,000
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,306,557
Total Liabilities $2,845
Net Assets $3,303,712
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director) $70,000 $0
Arthur B Schultz (Chairman) $0 $0
Erik Schultz (Chairman Of The Board) $0 $0
Dave Straley (Board Member) $0 $0
Jon Schultz (Board Member) $0 $0
Einar Christensen (Board Member) $0 $0
Mike Testa (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$734,408
Expenses
$347,322
Net Income
$387,086
Net Assets
$3,577,470
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000
0.3%
Interest Revenue $0
Dividends $131,074
17.8%
Sales of Assets $581,538
79.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $290,568
83.7%
Compensation of Officers* $64,167
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,609,313
Total Liabilities $31,843
Net Assets $3,577,470
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director) $64,167 $6,114
Arthur B Schultz (Chairman) $0 $0
Erik Schultz (Chairman Of The Board) $0 $1,074
Dave Straley (Board Member) $0 $0
Jon Schultz (Board Member) $0 $0
Einar Christensen (Board Member) $0 $0
Mike Testa (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 16, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$422,517
Expenses
$629,053
Net Income
-$206,536
Net Assets
$3,190,274
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,010
2.4%
Interest Revenue $0
Dividends $120,269
28.5%
Sales of Assets $269,501
63.8%
Other Income $909
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $571,510
90.9%
Compensation of Officers* $70,000
11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,224,289
Total Liabilities $34,015
Net Assets $3,190,274
Compensation
Key Employees and Officers Compensation Other
Rachel Richards (Executive Director) $70,000 $4,324
Arthur B Schultz (Chairman) $0 $0
Erik Schultz (Chairman Of The Board) $0 $10,383
Dave Straley (Board Member) $0 $0
Jon Schultz (Board Member) $0 $0
Einar Christensen (Board Member) $0 $0
Mike Testa (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 12, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$54,003
Expenses
$32,874
Net Income
$21,129
Net Assets
$3,397,792
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $44,061
81.6%
Sales of Assets $0
Other Income $2,539
4.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,085
88.5%
Compensation of Officers* $5,500
16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,432,937
Total Liabilities $35,145
Net Assets $3,397,792

Document Links

990-PF

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

PDF

Fiscal Year Ending Nov.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$479,491
Expenses
$609,991
Net Income
-$130,500
Net Assets
$3,376,663
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $216,665
45.2%
Interest Revenue $0
Dividends $95,830
20.0%
Sales of Assets $156,438
32.6%
Other Income $4,521
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $548,418
89.9%
Compensation of Officers* $70,555
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 $3,409,572
Total Liabilities $32,909
Net Assets $3,376,663

Document Links

990-PF
Filed on May 27, 2014

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

View Filing
PDF XML

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$583,336
Expenses
$628,334
Net Income
-$44,998
Net Assets
$3,507,762
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $117,061
20.1%
Interest Revenue $0
Dividends $90,928
15.6%
Sales of Assets $346,177
59.3%
Other Income $9,794
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $550,806
87.7%
Compensation of Officers* $94,372
15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,538,468
Total Liabilities $30,706
Net Assets $3,507,762

Document Links

990-PF

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

PDF

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$331,231
Expenses
$859,811
Net Income
-$528,580
Net Assets
$3,550,007
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $88,667
26.8%
Sales of Assets $204,277
61.7%
Other Income $21,684
6.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $778,297
90.5%
Compensation of Officers* $138,506
16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,593,964
Total Liabilities $43,957
Net Assets $3,550,007

Document Links

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Nov.
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

990-PF

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

PDF

Fiscal Year Ending Dec.
2000

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

990-PF

Primary tax return for a private foundation'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 »

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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.
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  • 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.

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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.

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