WILLIAM E SCHMIDT FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM E SCHMIDT FOUNDATION INC (EIN 35-1884241)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-14
- IRS object ID
- 202421359349101197
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T08:47:54-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 351346211 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HARDING SHYMANSKI & CO PSC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3677 | AddressLine1Txt |
| City | EVANSVILLE | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47735 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351884241 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM E SCHMIDT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 8124649161 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6783 | AddressLine1Txt |
| City | EVANSVILLE | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 477190783 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHESTER SCHMIDT | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 8124649161 | PhoneNum |
| Signature | 2024-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHESTER | PersonFirstNm |
| Person Last | SCHMIDT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELE R GRAHAM | PreparerPersonNm |
| PTIN | P00742467 | PTIN |
| Phone | 8124649161 | PhoneNum |
| Preparation | 2024-05-08 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $44,548,866 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,950 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,950 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $786,940 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $786,940 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,204,406 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,050,074 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,204,406 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $246,767 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $201,448 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,242,063 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,196,744 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $56,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $11,200 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $44,800 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $199,681 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $199,681 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $24,919 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $24,918 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $61,816 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,595 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $52,221 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $45,412 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $3,600 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $41,812 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $57,806 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $17,202 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,412 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $1,412 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,295,697 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $142,331 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,153,369 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,742,743 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $168,138 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,534,003 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $447,975 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $447,975 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,190,718 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $168,138 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,981,978 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $51,345 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,028,606 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $401,183 | CashBOYAmt |
| Cash EOY | $672,725 | CashEOYAmt |
| Cash EOYFMV | $672,725 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $114,230 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $146,275 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $114,230 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $114,230 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $17,266,532 | CorporateStockBOYAmt |
| Corporate Stock EOY | $16,173,924 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $26,447,662 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $16,200,493 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $17,119,684 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $17,247,187 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $10,476 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,305 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $4,583 | LandBOYAmt |
| Land EOY | $3,171 | LandEOYAmt |
| Land EOYFMV | $3,171 | LandEOYFMVAmt |
| Other Assets BOY | $70,219 | OtherAssetsBOYAmt |
| Other Assets EOY | $63,891 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $63,891 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $34,089,285 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,147,625 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $44,548,866 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $880 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $7,530 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $7,763 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $8,108 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $8,643 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,638 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $34,080,642 | RetainedEarningBOYAmt |
| Retained Earning EOY | $34,131,987 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $34,080,642 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,131,987 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $34,089,285 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $34,147,625 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $34,080,642 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $51,345 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $34,131,987 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $34,131,987 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (60 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| US TREASURY NOTE | P | 2022-01-01 | 2023-02-28 | $250,000 | $246,201 | $3,799 | $3,799 |
| UNITED STATES TREAS NTS | P | 2022-01-01 | 2023-05-01 | $500,000 | $504,356 | -$4,356 | -$4,356 |
| WALMART INC | P | 2022-01-01 | 2023-06-26 | $250,000 | $263,673 | -$13,673 | -$13,673 |
| UNITED STATES TREAS NTS | P | 2022-01-01 | 2023-06-30 | $500,000 | $471,856 | $28,144 | $28,144 |
| VANGUARD 500 INDEX FUND ADMIRAL | P | 2022-01-01 | 2023-07-24 | $2,400,000 | $1,103,279 | $1,296,721 | $1,296,721 |
| UNITED STATES TREAS NTS | P | 2022-01-01 | 2023-07-31 | $500,000 | $509,902 | -$9,902 | -$9,902 |
| PROCTER & GAMBLE CO | P | 2022-01-01 | 2023-08-15 | $250,000 | $263,908 | -$13,908 | -$13,908 |
| UNITED STATES TREAS NTS | P | 2022-01-01 | 2023-08-15 | $500,000 | $532,793 | -$32,793 | -$32,793 |
| US TREASURY NOTE | P | 2022-01-01 | 2023-10-02 | $500,000 | $519,082 | -$19,082 | -$19,082 |
| UNITED STATES TREAS NTS | P | 2023-01-01 | 2023-10-13 | $497,012 | $496,172 | $840 | $840 |
| US TREASURY NOTE | P | 2022-01-01 | 2023-10-31 | $250,000 | $250,068 | -$68 | -$68 |
| US TREASURY BILL | P | 2022-01-01 | 2023-11-30 | $477,665 | $477,665 | $0 | $0 |
| US TREASURY NOTE | P | 2022-01-01 | 2023-11-30 | $500,000 | $524,434 | -$24,434 | -$24,434 |
| MICROSOFT CORP NT | P | 2022-01-01 | 2023-12-15 | $250,000 | $254,683 | -$4,683 | -$4,683 |
| ADOBE SYSTEMS INCORPORATED COM | P | 2022-06-10 | 2023-06-08 | $1,000 | $896 | $104 | $104 |
| AIRBNB INC COM | P | 2022-11-17 | 2023-07-17 | $1,461 | $1,000 | $461 | $461 |
| ALPHABET INC CAP | P | 2022-04-20 | 2023-03-29 | $5,000 | $6,262 | -$1,262 | -$1,262 |
| BANK OF NEW YORK MELLON CORP | P | 2022-04-14 | 2023-03-17 | $16,410 | $18,500 | -$2,090 | -$2,090 |
| BLACKSTONE INC | P | 2023-04-13 | 2023-02-02 | $5,000 | $6,090 | -$1,090 | -$1,090 |
| CARMAX INC | P | 2022-10-07 | 2023-10-05 | $6,598 | $6,235 | $363 | $363 |
| INVESCO EXCHANGE TRADED FD | P | 2022-05-05 | 2023-02-02 | $1,000 | $930 | $70 | $70 |
| MATCH GROUP INC | P | 2022-08-03 | 2023-07-14 | $962 | $1,270 | -$308 | -$308 |
| META PLATFORMS INC | P | 2022-10-27 | 2023-01-20 | $1,395 | $1,011 | $384 | $384 |
| MITEK SYSTEMS INC | P | 2022-05-02 | 2023-03-20 | $14,329 | $17,425 | -$3,096 | -$3,096 |
| MORGAN STANLEY | P | 2022-06-30 | 2023-02-01 | $1,000 | $775 | $225 | $225 |
| PIONEER NATURAL RESOURCES | P | 2023-05-18 | 2023-11-02 | $12,239 | $10,103 | $2,136 | $2,136 |
| SPDR S&P 500 ETF | P | 2022-03-25 | 2023-02-01 | $105,997 | $124,996 | -$18,887 | -$18,887 |
| ADOBE INC | P | 2022-06-10 | 2023-07-13 | $6,464 | $4,793 | $1,671 | $1,671 |
| ALPHABET INC CAP | P | 2022-05-10 | 2023-11-14 | $19,009 | $18,169 | $840 | $840 |
| BLACKSTONE INC | P | 2022-05-09 | 2023-12-14 | $15,526 | $14,913 | $613 | $613 |
| EOG RESOURCES | P | 2022-04-25 | 2023-08-16 | $1,039 | $877 | $162 | $162 |
| HOME DEPOT INC | P | 2022-04-26 | 2023-12-04 | $7,383 | $6,905 | $478 | $478 |
| INVESCO EXCHANGE TRADED FD | P | 2022-05-05 | 2023-07-27 | $6,227 | $5,695 | $532 | $532 |
| META PLATFORMS INC | P | 2022-10-27 | 2023-11-14 | $33,590 | $10,107 | $23,483 | $23,483 |
| SPDR S&P 500 ETF | P | 2022-03-28 | 2023-12-14 | $119,301 | $120,566 | -$1,265 | -$1,265 |
| WORKDAY INC | P | 2022-08-26 | 2023-11-29 | $1,061 | $670 | $391 | $391 |
| CALL ABNB | P | 2023-11-28 | 2023-11-29 | $2,034 | $2,073 | -$39 | -$39 |
| CALL AN | P | 2023-04-20 | 2023-04-21 | $999 | $1,263 | -$264 | -$264 |
| CALL AN | P | 2023-11-02 | 2023-11-03 | $1,231 | $309 | $922 | $922 |
| CALL BX | P | 2023-01-25 | 2023-01-26 | $1,096 | $109 | $987 | $987 |
| CALL GOOGL | P | 2023-11-14 | 2023-11-05 | $1,528 | $3,276 | -$1,748 | -$1,748 |
| CALL HD | P | 2023-01-04 | 2023-01-05 | $2,301 | $2,091 | $210 | $210 |
| CALL HD | P | 2023-11-14 | 2023-11-15 | $2,375 | $639 | $1,736 | $1,736 |
| CALL KMX | P | 2023-03-20 | 2023-03-21 | $619 | $72 | $547 | $547 |
| CALL KMX | P | 2023-10-05 | 2023-10-06 | $577 | $90 | $487 | $487 |
| CALL META | P | 2023-11-14 | 2023-11-15 | $2,509 | $22,086 | -$19,577 | -$19,577 |
| CALL MTCH | P | 2023-11-02 | 2023-11-03 | $1,837 | $64 | $1,773 | $1,773 |
| CALL SPY | P | 2023-03-20 | 2023-03-21 | $2,786 | $2,685 | $101 | $101 |
| CALL SPY | P | 2023-02-28 | 2023-03-01 | $3,014 | $1,792 | $1,222 | $1,222 |
| CALL SPY | P | 2023-10-05 | 2023-10-06 | $1,917 | $1,707 | $210 | $210 |
| CALL SPY | P | 2023-10-30 | 2023-10-31 | $2,060 | $673 | $1,387 | $1,387 |
| CALL SPY | P | 2023-09-25 | 2023-09-26 | $2,286 | $1,397 | $889 | $889 |
| CALL UPS | P | 2023-11-02 | 2023-11-03 | $1,037 | $10 | $1,027 | $1,027 |
| CALL WDAY | P | 2023-11-14 | 2023-11-15 | $1,962 | $2,973 | -$1,011 | -$1,011 |
| CALL WSM | P | 2023-01-04 | 2023-01-05 | $1,626 | $163 | $1,463 | $1,463 |
| CALL WSM | P | 2023-05-18 | 2023-05-19 | $1,365 | $575 | $790 | $790 |
| PUT SPY | P | 2023-09-25 | 2023-09-26 | $2,356 | $477 | $1,879 | $1,879 |
| PUT SPY | P | 2023-02-27 | 2023-02-28 | $2,926 | $1,946 | $980 | $980 |
| CALL BX | P | 2023-11-14 | 2023-11-15 | $1,146 | $1,933 | -$787 | -$787 |
| CALL HD | P | 2023-11-14 | 2023-11-15 | $1,819 | $1,117 | $702 | $702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,204,406 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $28,198 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $28,198 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $28,198 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $7,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $1,234 | EsPenaltyAmt |
| Tax Due | $22,432 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | SCHMIDTCOMPETITION.ORG | WebsiteAddressTxt |
| Individual With Books | HARDING SHYMANSKI CO PSC | IndividualWithBooksNm |
| Phone | 8124649161 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 SE THIRD ST STE 500 | AddressLine1Txt |
| City | EVANSVILLE | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47708 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHESTER SCHMIDT | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | CHAIRMAN | 1.00 | $12,000 | $0 | $0 |
| DOUGLAS SCHMIDT | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | TREASURER | 1.00 | $12,000 | $0 | $0 |
| J MICHAEL SMALL | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | SECRETARY | 1.00 | $12,000 | $0 | $0 |
| LISA HAMILTON | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | PRESIDENT | 1.00 | $12,000 | $0 | $0 |
| CHESTER SCHMIDT IV | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | BOARD MEMBER | 1.00 | $4,000 | $0 | $0 |
| JANET PETERSON | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | BOARD MEMBER | 1.00 | $4,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $38,406,934 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,464,914 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $157,682 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $42,029,530 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $42,029,530 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $630,443 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $41,399,087 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,069,954 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,069,954 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $28,198 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $28,198 | TotalTaxAmt |
| Distributable Before Adj | $2,041,756 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,041,756 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,041,756 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,981,978 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,981,978 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,041,756 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,802,226 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,981,978 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,802,226 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $179,752 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,862,004 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | LINDA MCALISTER EXECUTIVE DIRECTOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 EAST 5TH STREET SUITE 406 | AddressLine1Txt |
| City | COVINGTON | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 41011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5137832583 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATION AND RULES ARE AVAILABLE FROM THE FOUNDATION WEBSITE: WWW.SCHMIDTCOMPETITION.ORG. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATION DEADLINES ARE DISCLOSED AND ANNUALLY ON THE FOUNDATION WEBSITE AND APPLICATION. | SubmissionDeadlinesTxt |
| Restrictions On Awards | HIGH SCHOOL SOPHOMORES, JUNIORS, OR SENIORS FROM AREAS WHERE COMPETITIONS ARE HELD WITH WRITTEN RECOMMENDATION BY CHORAL DIRECTOR OR VOCAL TEACHER. FOR INFORMATION CONTACT: SCHMIDTCOMPINFO@GMAIL.COM | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| BEA GADDY FAMILY CENTERS INC | |||||||
| 425 N CHESTER ST | BALTIMORE | MD | 21231 | PC | DONATION | $5,000 | |
| DAN SCISM COLLEGE SCHOLARSHIP FUND | |||||||
| 601 PFEIFFER RD | EVANSVILLE | IN | 47711 | PC | SCHOLARSHIP SPONSOR | $25,000 | |
| GRACE UNITED METHODIST CHURCH | |||||||
| 3012 S TWYCKENHAM DR | SOUTH BEND | IN | 46614 | PC | DONATION | $3,000 | |
| HELEN B GOODLIN FOUNDATION | |||||||
| C/O HUA WANG TREASURER 13290 | SAN DIEGO | CA | 92129 | PC | CONTEST FUNDS | $10,000 | TRAILHEAD PLACE |
| LAUREL CIVIC ASSOCIATION INC | |||||||
| 509 COLLINS ROAD P O BOX 511 | LAUREL | FL | 34272 | PC | UNRESTRICTED CONTRIBUTION | $33,750 | |
| MATTHEW 25 INC | |||||||
| 101 NW 1ST ST 215 | EVANSVILLE | IN | 47713 | PC | 2020 COVID GRANT | $2,500 | |
| MATTINGLY CHARITIES | |||||||
| 2 CORPORATE DRIVE STE 923 | SHELTON | CT | 06484 | PC | GRANT | $25,000 | |
| MIAMI UNIVERSITY | |||||||
| 501 E HIGH ST | OXFORD | OH | 45056 | PC | DONATION | $25,000 | |
| NASHVILLE ADULT LITERACY COUNCIL INC | |||||||
| 4805 PARK AVE | NASHVILLE | TN | 37209 | PC | DONATION | $250 | |
| NORTH UNITED METHODIST CHURCH | |||||||
| 4201 STRINGTOWN ROAD | EVANSVILLE | IN | 47711 | PC | DONATION | $3,000 | |
| SARASOTA MILITARY OFFICERS SCHOLARSHIP FUND INC | |||||||
| PO BOX 1016 | SARASOTA | FL | 34230 | PC | SCHOLARSHIP | $15,000 | |
| SARASOTA OPERA ASSOCIATION | |||||||
| 1 N PINEAPPLE AVE | SARASOTA | FL | 34236 | PC | YOUTH OPERA PLEDGE | $55,000 | |
| ST DAVID'S EPISCOPAL CHURCH | |||||||
| 6501 PENNYWELL DR | NASHVILLE | TN | 37205 | PC | DONATION | $1,000 | |
| ST LUKE'S COMMUNITY HOUSE | |||||||
| 5601 NEW YORK AVE | NASHVILLE | TN | 37209 | PC | GRANT | $500 | |
| TENNESSEE GOLF FOUNDATION | |||||||
| 400 FRANKLIN ROAD | FRANKLIN | TN | 37069 | PC | SCHOLARSHIP | $45,000 | |
| THE DREAM CENTER | |||||||
| 16 W MORGAN AVE | EVANSVILLE | IN | 47710 | PC | DONATION | $18,000 | |
| TRANSFORMATION LIFE CENTER | |||||||
| 395 FLOYD ACKERT ROAD | WEST PARK | NY | 12493 | PC | 2020 COVID GRANT | $2,500 | |
| TRANSFORMATION NASHVILLE | |||||||
| 1319 RIVERWOOD DR | NASHVILLE | TN | 37216 | PC | DONATION | $20,000 | |
| UNIVERSITY OF EVANSVILLE | |||||||
| 1800 LINCOLN AVE | EVANSVILLE | IN | 47722 | PC | DONATION | $23,100 | |
| YMCA CAMP CARSON | |||||||
| 2034 OUTER LAKE ROAD | PRINCETON | IN | 47670 | PC | MILITARY FAMILY SUPPORT | $37,500 | |
| SUMMER STOCK STAGE | |||||||
| PO BOX 55012 | INDIANAPOLIS | IN | 46205 | PC | DONATION | $4,000 | |
| BUTLER UNIVERSITY | |||||||
| 4600 SUNSET AVE | INDIANAPOLIS | IN | 46208 | PC | DONATION | $3,000 | |
| PHILLIPS BROOKS HOUSE ASSOCIATION | |||||||
| HARVARD YARD 1 | CAMBRIDGE | MA | 02138 | PC | DONATION | $1,000 | |
| THE LOYOLA SCHOOL | |||||||
| 801 ST PAUL ST | BALTIMORE | MD | 21202 | PC | DONATION | $1,500 | |
| HANDEL CHOIR OF BALTIMORE | |||||||
| 10 HERARD AVENUE SUITE 20 | LUTHERVILLETIMONIUM | MD | 21093 | PC | DONATION | $375 | |
| EVANSVILLE PHILHARMONIC ORCHESTRA | |||||||
| 20 NW 3RD ST 500 | EVANSVILLE | IN | 47708 | PC | DONATION | $30,000 | |
| UMOJA PARTNERSHIP INC | |||||||
| 1300 E 86TH ST | INDIANAPOLIS | IN | 46240 | PC | DONATION | $6,000 | |
| CHIMES INTERNATIONAL LIMITED | |||||||
| 4815 SEATON DRIVE | BALTIMORE | MD | 21215 | PC | DONATION | $6,750 | |
| MANATEE TECHNICAL COLLEGE | |||||||
| 6305 FL-70 | BRADENTON | FL | 34203 | PC | DONATION | $20,000 | |
| IRVINE UNITED METHODIST CHURCH | |||||||
| 243 MAIN ST | IRVINE | KY | 40336 | PC | DONATION | $1,000 | |
| CYSTIC FIBROSIS FOUNDATION | |||||||
| 4550 MONTGOMERY AVE SUITE 1100 N | BETHESDA | MD | 20814 | PC | DONATION | $250 | |
| NAVY LEAGUE MEMPHIS COUNCIL | |||||||
| 2095 EXESTER RD SUITE 80-377 | GERMANTOWN | TN | 38138 | PC | DONATION | $10,000 | |
| BALTIMORE CONCERT OPERA | |||||||
| 11 WEST MOUNT VERNON PLACE SUITE | BALTIMORE | MD | 21201 | PC | DONATION | $250 | 307 |
| MOTHER SETON ACADEMY | |||||||
| 2215 GREENMOUNT AVE | BALTIMORE | MD | 21218 | PC | DONATION | $125 | |
| STUDIO TENN THEATRE COMPANY | |||||||
| 230 FRANKLIN RD | FRANKLIN | TN | 37064 | PC | DONATION | $5,000 | |
| ADELANTE LATINA INC | |||||||
| 2907 W STRATHOMORE AVE | BALTIMORE | MD | 21209 | PC | DONATION | $125 | |
| TOWER HILL SCHOOL | |||||||
| 2813 W 17TH ST | WILMINGTON | DE | 19806 | PC | DONATION | $1,000 | |
| ARAPAHO UNITED METHODIST CHURCH | |||||||
| 1400 W ARAPAHO RD | RICHARDSON | TX | 75080 | PC | DONATION | $6,000 | |
| NETWORK OF COMMUNITY MINISTRIES | |||||||
| 1500 INTERNATIONAL PKWY STE 300 | RICHARDSON | TX | 75081 | PC | DONATION | $1,000 | |
| SYNERGY WESLEY FOUNDATION | |||||||
| 3000 NORTHSIDE BLVD 2-116 | RICHARDSON | TX | 75080 | PC | DONATION | $500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $447,975 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,950 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $786,940 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $201,448 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,204,406 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| APPLICANT FEES | $26,230 |
| BOARD MEMBERSHIP FEES | $700 |
| SCHMIDT SUMMER INSTITUTE | $18,389 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,196,744 | ExclusionAmt |
| Related Or Exempt Function Incm | $45,319 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,242,063 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11 | LineNumberTxt |
| Relationship Statement | INCOME RECEIVED IN RELATION TO EXEMPT PURPOSE OF THE FOUNDATION | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $61,816 | Amt |
| Net Investment Income | $9,595 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $52,221 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | BONDS | BondNm |
| EOY Book Value | $17,119,684 | EOYBookValueAmt |
| EOYFMV | $17,247,187 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | COMMON STOCKS | StockNm |
| EOY Book Value | $16,173,924 | EOYBookValueAmt |
| EOYFMV | $26,447,662 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN WES ENERGY RESOURCES, LLC | $63,814 | $61,153 | $61,153 |
| WEBSITE | $5,806 | $2,139 | $2,139 |
| SECURITY DEPOSIT | $599 | $599 | $599 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (18 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $794 | $0 | $794 |
| DUES | $959 | $0 | $959 |
| INSURANCE | $10,101 | $4,361 | $5,740 |
| INVESTMENT FEES | $131,049 | $131,049 | $0 |
| OFFICE SUPPLIES | $22,849 | $427 | $22,424 |
| POSTAGE | $9,545 | $0 | $9,545 |
| TRAVEL | $206,441 | $2,647 | $203,795 |
| ADVERTISING | $73,916 | $0 | $73,916 |
| MARKETING | $36,595 | $0 | $36,595 |
| AMORTIZATION | $3,667 | $3,667 | $0 |
| UTILITIES | $15,351 | $0 | $15,351 |
| WEBSITE | $18,682 | $180 | $18,502 |
| COMPETITION EXPENSES | $308,623 | $0 | $308,623 |
| SCHOLARSHIP PAYMENTS | $438,358 | $0 | $438,358 |
| CONFERENCES | $1,560 | $0 | $1,560 |
| GRANTS AWARDED | $14,132 | $0 | $14,132 |
| SCHMIDT VOCAL INSTITUTE | $2,475 | $0 | $2,475 |
| WILLIAM E. SCHMIDT YOUTH AWARDS | $600 | $0 | $600 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTY INCOME FROM WES ENERGY K-1 | $201,448 | $201,448 | $201,448 |
| APPLICANT FEES | $26,230 | $26,230 | |
| BOARD MEMBERSHIP FEES | $700 | $700 | |
| SCHMIDT SUMMER INSTITUTE | $18,389 | $18,389 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAXES WITHHELD | Desc |
| BOY Book Value | $7,763 | BOYBookValueAmt |
| EOY Book Value | $8,108 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $45,412 | Amt |
| Net Investment Income | $3,600 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $41,812 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ESTIMATED PAYMENTS | $40,604 | $0 | $0 |
| TAXES - OTHER | $1,926 | $0 | $1,926 |
| PAYROLL TAX | $15,276 | $0 | $15,276 |
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