WILLIAM E SCHMIDT FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM E SCHMIDT FOUNDATION INC (EIN 35-1884241)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-12
- IRS object ID
- 202301329349103200
- Schema version
- 2022v5.0
- 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 | 2023-05-12T13:20:37-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 OF THE BOARD | PersonTitleTxt |
| Phone | 8124649161 | PhoneNum |
| Signature | 2023-05-10 | 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 | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELE R GRAHAM | PreparerPersonNm |
| PTIN | P00742467 | PTIN |
| Phone | 8124649161 | PhoneNum |
| Preparation | 2023-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | 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 | $39,884,338 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $51,577 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $4,896 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,896 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $723,340 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $723,340 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,285,528 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,485,237 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,285,528 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $209,443 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $209,443 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,274,784 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,223,207 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $96,586 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,773 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $87,813 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $27,900 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,200 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $26,700 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $117 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $117 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $46,833 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $279 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $1,481 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $1,481 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,515,189 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $132,299 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,382,892 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,688,106 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $143,753 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,497,801 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $495,125 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $495,125 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,183,231 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $143,753 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,992,926 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,091,553 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,079,454 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $239,473 | CashBOYAmt |
| Cash EOY | $401,183 | CashEOYAmt |
| Cash EOYFMV | $401,183 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $146,275 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $177,384 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $146,275 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $146,275 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $12,952,429 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,266,532 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $23,386,783 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $17,453,124 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $16,200,493 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $15,792,829 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $10,476 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,893 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $6,064 | LandBOYAmt |
| Land EOY | $4,583 | LandEOYAmt |
| Land EOYFMV | $4,583 | LandEOYFMVAmt |
| Other Assets BOY | $167,660 | OtherAssetsBOYAmt |
| Other Assets EOY | $70,219 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $152,685 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $30,996,134 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,089,285 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $39,884,338 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $691 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $880 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $6,354 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $7,763 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $7,045 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,643 | 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 | $30,989,089 | RetainedEarningBOYAmt |
| Retained Earning EOY | $34,080,642 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $30,989,089 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,080,642 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $30,996,134 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $34,089,285 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $30,989,089 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,091,553 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $34,080,642 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $34,080,642 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (38 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| UNITED STATES TREAS NTS | P | 2021-01-01 | 2022-01-31 | $250,000 | $239,824 | $10,176 | $10,176 |
| APPLE INC | P | 2021-01-01 | 2022-02-09 | $250,000 | $254,388 | -$4,388 | -$4,388 |
| JOHNSON & JOHNSON | P | 2021-01-01 | 2022-03-03 | $200,000 | $197,561 | $2,439 | $2,439 |
| UNITED STATES TREASURY NOTE | P | 2021-01-01 | 2022-03-31 | $250,000 | $241,016 | $8,984 | $8,984 |
| TOYOTA MOTOR CREDIT CORP | P | 2021-01-01 | 2022-04-12 | $200,000 | $203,747 | -$3,747 | -$3,747 |
| PEPSICO INC | P | 2021-01-01 | 2022-05-17 | $200,000 | $205,614 | -$5,614 | -$5,614 |
| UNITED STATES TREAS NTS | P | 2021-01-01 | 2022-05-31 | $500,000 | $496,816 | $3,184 | $3,184 |
| US T-NOTES | P | 2021-01-01 | 2022-08-01 | $500,000 | $504,375 | -$4,375 | -$4,375 |
| US TREASURY NT | P | 2021-01-01 | 2022-10-31 | $500,000 | $498,635 | $1,365 | $1,365 |
| UNITED STATES TREAS NTS | P | 2021-01-01 | 2022-11-30 | $500,000 | $505,469 | -$5,469 | -$5,469 |
| ALPHABET INC | P | 2022-04-20 | 2022-11-10 | $943 | $1,286 | $0 | $0 |
| BLACKSTONE INC | P | 2022-04-13 | 2022-10-04 | $6,668 | $7,789 | -$643 | -$643 |
| EOG RESOURCES INC | P | 2022-04-25 | 2022-09-01 | $13,007 | $11,831 | $1,176 | $1,176 |
| HOME DEPOT INC | P | 2022-04-26 | 2022-11-17 | $2,842 | $2,702 | $140 | $140 |
| INVESCO EXCHANGE TRADED | P | 2022-05-05 | 2022-11-10 | $2,310 | $2,354 | -$11 | -$11 |
| IRONSOURCE LTD | P | 2022-05-02 | 2022-07-28 | $18,641 | $18,500 | $141 | $141 |
| KLA CORP COM | P | 2022-05-02 | 2022-09-02 | $16,843 | $18,500 | -$1,657 | -$1,657 |
| MITEK SYSTEMS INC | P | 2022-05-02 | 2022-11-08 | $1,144 | $1,075 | $69 | $69 |
| MORGAN STANLEY COM | P | 2022-06-30 | 2022-09-02 | $1,000 | $862 | $138 | $138 |
| RXO INC COMMON STOCK | P | 2022-04-20 | 2022-11-04 | $10,538 | $12,723 | -$2,185 | -$2,185 |
| SPDR S&P500 ETF TRUST TRUST UNIT DEPOSIT | P | 2022-03-24 | 2022-04-13 | $434,590 | $491,860 | -$35,482 | -$35,482 |
| XPO INC | P | 2022-04-20 | 2022-12-22 | $25,553 | $25,132 | $421 | $421 |
| VANGUARD 500 INDEX ADMIRAL | P | 2015-09-11 | 2022-03-23 | $7,574,645 | $3,263,321 | $4,311,324 | $4,311,324 |
| CALL BX | P | 2022-08-18 | 2022-08-19 | $816 | $210 | $606 | $606 |
| CALL EOG | P | 2022-09-01 | 2022-09-02 | $1,389 | $670 | $719 | $719 |
| CALL MTCH | P | 2022-10-11 | 2022-10-12 | $1,987 | $197 | $1,790 | $1,790 |
| CALL SPY | P | 2022-09-23 | 2022-09-26 | $2,681 | $850 | $1,831 | $1,831 |
| CALL SPY | P | 2022-08-15 | 2022-08-16 | $2,313 | $2,870 | -$557 | -$557 |
| CALL SPY | P | 2022-06-30 | 2022-07-01 | $1,610 | $262 | $1,348 | $1,348 |
| CALL SPY | P | 2022-05-09 | 2022-05-10 | $1,850 | $931 | $919 | $919 |
| CALL SPY | P | 2022-09-01 | 2022-09-02 | $2,322 | $763 | $1,559 | $1,559 |
| CALL SPY | P | 2022-05-02 | 2022-05-03 | $1,656 | $563 | $1,093 | $1,093 |
| CALL SPY | P | 2022-06-21 | 2022-06-22 | $2,056 | $94 | $1,962 | $1,962 |
| CALL XPO | P | 2022-12-22 | 2022-12-23 | $999 | $901 | $98 | $98 |
| CALL XPO | P | 2022-12-22 | 2022-12-23 | $1,008 | $1,001 | $7 | $7 |
| CALL XPO | P | 2022-10-04 | 2022-10-05 | $2,277 | $1,291 | $986 | $986 |
| CALL XPO | P | 2022-09-06 | 2022-09-07 | $642 | $296 | $346 | $346 |
| PUT SPY | P | 2022-09-28 | 2022-09-29 | $2,907 | $6,072 | -$3,165 | -$3,165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,285,528 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $70,604 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $70,604 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $70,604 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $37,000 | 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 | $37,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $33,604 | 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 (4 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 | $0 | $0 | $0 |
| DOUGLAS SCHMIDT | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | TREASURER | 1.00 | $0 | $0 | $0 |
| J MICHAEL SMALL | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | SECRETARY | 1.00 | $0 | $0 | $0 |
| LISA HAMILTON | ||||||||
| PO BOX 6783 | EVANSVILLE | IN | 477190783 | PRESIDENT | 1.00 | $0 | $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 | $39,200,899 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,095,557 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $188,144 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $42,484,600 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $42,484,600 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $637,269 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $41,847,331 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,092,367 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,092,367 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $70,604 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $70,604 | TotalTaxAmt |
| Distributable Before Adj | $2,021,763 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,021,763 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,021,763 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,992,926 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,992,926 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,021,763 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,773,389 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,992,926 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,773,389 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $219,537 | 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 | $1,802,226 | 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 ATTACHED, ALSO 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 (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BEA GADDY FAMILY CENTERS INC | ||||||||
| 425 N CHESTER ST | BALTIMORE | MD | 21231 | NONE | PC | DONATION | $15,000 | |
| DAN SCISM COLLEGE SCHOLARSHIP FUND | ||||||||
| 601 PFEIFFER RD | EVANSVILLE | IN | 47711 | NONE | PC | SCHOLARSHIP SPONSOR | $30,000 | |
| HELEN B GOODLIN FOUNDATION | ||||||||
| C/O HUA WANG TREASURER 13290 | SAN DIEGO | CA | 92129 | NONE | PC | CONTEST FUNDS | $4,200 | TRAILHEAD PLACE |
| LAUREL CIVIC ASSOCIATION INC | ||||||||
| 509 COLLINS ROAD P O BOX 511 | LAUREL | FL | 34272 | NONE | PC | UNRESTRICTED CONTRIBUTION | $113,750 | |
| MATTHEW 25 INC | ||||||||
| 101 NW 1ST ST 215 | EVANSVILLE | IN | 47713 | NONE | PC | 2020 COVID GRANT | $2,750 | |
| MATTINGLY CHARITIES | ||||||||
| 2 CORPORATE DRIVE STE 923 | SHELTON | CT | 06484 | NONE | PC | GRANT | $25,000 | |
| MIAMI UNIVERSITY | ||||||||
| 501 E HIGH ST | OXFORD | OH | 45056 | NONE | PC | DONATION | $30,000 | |
| NASHVILLE ADULT LITERACY COUNCIL INC | ||||||||
| 4805 PARK AVE | NASHVILLE | TN | 37209 | NONE | PC | DONATION | $250 | |
| NORTH UNITED METHODIST CHURCH | ||||||||
| 4201 STRINGTOWN ROAD | EVANSVILLE | IN | 47711 | NONE | PC | DONATION | $10,000 | |
| SARASOTA MILITARY OFFICERS SCHOLARSHIP FUND INC | ||||||||
| PO BOX 1016 | SARASOTA | FL | 34230 | NONE | PC | SCHOLARSHIP | $25,000 | |
| SARASOTA OPERA ASSOCIATION | ||||||||
| 1 N PINEAPPLE AVE | SARASOTA | FL | 34236 | NONE | PC | YOUTH OPERA PLEDGE | $50,000 | |
| ST LUKE'S COMMUNITY HOUSE | ||||||||
| 5601 NEW YORK AVE | NASHVILLE | TN | 37209 | NONE | PC | GRANT | $500 | |
| TENNESSEE GOLF FOUNDATION | ||||||||
| 400 FRANKLIN ROAD | FRANKLIN | TN | 37069 | NONE | PC | SCHOLARSHIP | $60,000 | |
| THE DREAM CENTER | ||||||||
| 16 W MORGAN AVE | EVANSVILLE | IN | 47710 | NONE | PC | DONATION | $17,500 | |
| TRANSFORMATION LIFE CENTER | ||||||||
| 395 FLOYD ACKERT ROAD | WEST PARK | NY | 12493 | NONE | PC | 2020 COVID GRANT | $500 | |
| TRANSFORMATION NASHVILLE | ||||||||
| 1319 RIVERWOOD DR | NASHVILLE | TN | 37216 | NONE | PC | DONATION | $30,000 | |
| YMCA CAMP CARSON | ||||||||
| 2034 OUTER LAKE ROAD | PRINCETON | IN | 47670 | NONE | PC | MILITARY FAMILY SUPPORT | $42,500 | |
| UNIVERSITY OF EVANSVILLE | ||||||||
| 1800 LINCOLN AVE | EVANSVILLE | IN | 47722 | NONE | PC | DONATION | $28,300 | |
| FIRST BAPTIST CHURCH OF KELLER | ||||||||
| 225 KELLER PKWY | KELLER | TX | 76248 | NONE | PC | DONATION | $5,000 | |
| EPISCOPAL SCHOOL OF NASHVILLE | ||||||||
| 1310 ORDWAY PL | NASHVILLE | TN | 37206 | NONE | PC | DONATION | $250 | |
| GRACE UNITED METHODIST CHURCH | ||||||||
| 3012 S TWYCKENHAM DR | SOUTH BEND | IN | 46614 | NONE | PC | DONATION | $1,875 | |
| THE CENTER FOR LIVING & LEARNING | ||||||||
| 1979 OLD HILLSBORO RD | FRANKLIN | TN | 37064 | NONE | PC | DONATION | $250 | |
| ST DAVID'S EPISCOPAL CHURCH | ||||||||
| 6501 PENNYWELL DR | NASHVILLE | TN | 37205 | NONE | PC | DONATION | $2,500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $495,125 | 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 | $4,896 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $723,340 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $209,443 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,285,528 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,223,207 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,223,207 | TotalIncomeProducingActyAmt |
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 | $96,586 | Amt |
| Net Investment Income | $8,773 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $87,813 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | BONDS--STATEMENT ATTACHED | BondNm |
| EOY Book Value | $16,200,493 | EOYBookValueAmt |
| EOYFMV | $15,792,829 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | COMMON STOCKS--STATEMENT ATTACHED | StockNm |
| EOY Book Value | $17,266,532 | EOYBookValueAmt |
| EOYFMV | $23,386,783 | 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 | $147,433 | $63,814 | $146,280 |
| WEBSITE | $19,628 | $5,806 | $5,806 |
| SECURITY DEPOSIT | $599 | $599 | $599 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $959 | $0 | $959 |
| DIRECTORS FEES | $48,000 | $9,600 | $38,400 |
| DUES | $2,285 | $0 | $2,285 |
| INSURANCE | $8,858 | $4,155 | $4,703 |
| INVESTMENT FEES | $112,836 | $112,836 | $0 |
| OFFICE SUPPLIES | $25,091 | $1,197 | $23,896 |
| POSTAGE | $7,396 | $116 | $7,280 |
| TRAVEL | $165,071 | $548 | $164,523 |
| ADVERTISING | $52,357 | $0 | $52,357 |
| MARKETING | $27,931 | $0 | $27,931 |
| AMORTIZATION | $13,823 | $3,667 | $10,156 |
| UTILITIES | $15,753 | $0 | $15,753 |
| WEBSITE | $17,207 | $180 | $17,027 |
| PAYROLL EXPENSES | $211,209 | $0 | $211,209 |
| COMPETITION EXPENSES | $298,463 | $0 | $298,463 |
| SCHOLARSHIP PAYMENTS | $469,600 | $0 | $469,600 |
| CONFERENCES | $2,851 | $0 | $2,851 |
| PENALTIES | $10 | $0 | $10 |
| GRANTS AWARDED | $35,489 | $0 | $35,489 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTY INCOME FROM WES ENERGY K-1 | Desc |
| Revenue And Expenses Per Books | $209,443 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $209,443 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $209,443 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAXES WITHHELD | Desc |
| BOY Book Value | $6,354 | BOYBookValueAmt |
| EOY Book Value | $7,763 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $27,900 | Amt |
| Net Investment Income | $1,200 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $26,700 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ESTIMATED PAYMENTS | $46,554 | $0 | $0 |
| TAXES - OTHER | $279 | $0 | $279 |
Comments