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SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period
2023-04-01 to 2024-03-31
Filed
2024-11-26
IRS object ID
202403319349100610
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-26T13:57:29-05:00ReturnTs
Tax Period End2024-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN590673514PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BUNTING TRIPP & INGLEY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1230 EAST TILLMAN AVENUEAddressLine1Txt
CityLAKE WALESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338533714ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474569930EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SCHUMACHER FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSCHUBusinessNameControlTxt
Phone8633855149PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1299AddressLine1Txt
CitySEBRINGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338711299ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL SCHUMACHERPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8633855149PhoneNum
Signature2024-11-26SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROGER A INGLEYPreparerPersonNm
PTINP01276427PTIN
Phone8636767981PhoneNum
Preparation2024-11-26PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$890,869FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$702,223ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2,628InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,628InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,628InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$28,639DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,639DividendsNetInvstIncmAmt
Dividends Adj Net Incm$28,639DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$4,973NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$338,729GrossSalesPriceAmt
Total Rev And Expnss$738,463TotalRevAndExpnssAmt
Total Net Invst Incm$31,267TotalNetInvstIncmAmt
Total Adj Net Incm$31,267TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$850AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$160TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$2,961OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,961OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,971TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,961TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$28,971TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,961TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$709,492ExcessRevenueOverExpensesAmt
Net Investment Income$28,306NetInvestmentIncomeAmt
Adjusted Net Income$31,267AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$9,411SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,602SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,602SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$81,123CorporateStockBOYAmt
Corporate Stock EOY$785,528CorporateStockEOYAmt
Corporate Stock EOYFMV$884,267CorporateStockEOYFMVAmt
Total Assets BOY$90,534TotalAssetsBOYAmt
Total Assets EOY$792,130TotalAssetsEOYAmt
Total Assets EOYFMV$890,869TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$90,534NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$792,130NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$90,534TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$792,130TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$90,534TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$792,130TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$90,534TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$709,492ExcessRevenueOverExpensesAmt
Subtotal$800,026SubtotalAmt
Other Decreases$7,896OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$792,130TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$393InvestmentIncomeExciseTaxAmt
Subtotal$393SubtotalAmt
Tax Based On Investment Income$393TaxBasedOnInvestmentIncomeAmt
Tax Due$393TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDANIEL M SCHUMACHERIndividualWithBooksNm
Phone8633855149PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1299AddressLine1Txt
CitySEBRINGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338711299ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR1.00$0$0$0
DANIEL SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR1.00$0$0$0
EDWARD KOCH
PO BOX 1965SEBRINGFL33870DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$586,297AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$49,319AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$635,616TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$635,616AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,534CashDeemedCharitableAmt
Net Vl Noncharitable Assets$626,082NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,304MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,304MinimumInvestmentReturnAmt
Tax Based On Investment Income$393TaxBasedOnInvestmentIncomeAmt
Total Tax$393TotalTaxAmt
Distributable Before Adj$30,911DistributableBeforeAdjAmt
Distributable Before Ded$30,911DistributableBeforeDedAmt
Distributable As Adjusted$30,911DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,000ExpensesAndContributionsAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,911DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$69ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$69TotalExcessDistributionCyovAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt
Applied To Current Year$25,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$69ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$69ExcessDistributionCyovAppCYAmt
Undistributed Income CY$5,842UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HIGHLANDS COUNTY YOUTH FOR CHRIST
HIGHLANDS COUNTY YOUTH FOR CHRISTPO BOX 1526PO BOX 1526SEBRINGFL33871NONE501(C)(3)CHARITABLE SUPPORT$10,000
RIDGE AREA ARC
RIDGE AREA ARC4352 INDEPENDENCE ST4352 INDEPENDENCE STAVON PARKFL33825NONE501(C)(3)CHARITABLE SUPPORT$10,000
SEBRING MEALS ON WHEELS
SEBRING MEALS ON WHEELS3011 KENILWORTH BLVD3011 KENILWORTH BLVDSEBRINGFL33870NONE501(C)(3)CHARITABLE SUPPORT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,628ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$28,639ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,973RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$31,267ExclusionAmt
Related Or Exempt Function Incm$4,973RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,240TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonCHARLES R SCHUMACHERContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1299AddressLine1Txt
CitySEBRINGCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338711299ZIPCd
FieldValueIRS element (for citing)
Total Contributions$702,223TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$850Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
CHINA PETROLIUM & CHEMICAL CP2003-06PURCHASE2023-05$18,308$7,221$11,087
PETROCHINA CO LTD2003-06PURCHASE2023-05$10,540$9,177$1,363
ZIM INTEGRATED SHIPPING SERVICE2022-02PURCHASE2023-08$1,225$7,445-$6,220
SEE ATTACHED STATEMENT2023-07PURCHASE2023-08$167,203$169,734-$2,531
PIONEER MLTI AST2023-08PURCHASE2023-12$10,000$9,990$10
PIONEER MLTI ASTPURCHASE2024-02$121,466$120,966$500
SPDR PORTFOLIO DEV WORPURCHASE2024-03$9,987$9,223$764

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CORPORATE STOCKS$25,638$78,274
EXCHANGE TRADED FUNDS$759,890$805,993

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$7,896Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKER FEES$2,961$2,961

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FLORIDA ANNUAL CORPORATE FEE$61
PRIOR YEAR EXCISE TAX$99

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