WERNER W AND CHRISTINE C SCHULZE PRIVATE FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WERNER W AND CHRISTINE C SCHULZE PRIVATE FOUNDATION (EIN 04-3666360)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-15
- IRS object ID
- 202511359349101846
- Schema version
- 2024v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T08:57:49-07:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 880326073 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ken R Ashworth & Associates | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1057 Whitney Ranch Drive Suite 350 | AddressLine1Txt |
| City | Henderson | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043666360 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Werner W Schulze and Christine Schulze | BusinessNameLine1Txt |
| Business Name Line2 | Private Foundation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WERN | BusinessNameControlTxt |
| Phone | 7028939500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1057 Whitney Ranch Drive 350 | AddressLine1Txt |
| City | Henderson | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89014 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ken Ashworth | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2025-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lynna Hodgin | PreparerPersonNm |
| PTIN | P01604563 | PTIN |
| Phone | 7028939500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | 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 Net Invst Incm | $10 | InterestOnSavNetInvstIncmAmt |
| Dividends Net Invst Incm | $22,000 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $19,202 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $35,535 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $19,202 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $19,202 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $41,212 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $1,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $18,480 | LegalFeesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $2,049 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $85 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $85 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $21,614 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,085 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $34,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $34,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $56,214 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,085 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $34,600 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$37,012 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $40,127 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $13,883 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $14,295 | SavAndTempCashInvstEOYAmt |
| Corporate Stock BOY | $637,232 | CorporateStockBOYAmt |
| Corporate Stock EOY | $664,417 | CorporateStockEOYAmt |
| Total Assets BOY | $651,115 | TotalAssetsBOYAmt |
| Total Assets EOY | $678,712 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $651,115 | CapitalStockBOYAmt |
| Capital Stock EOY | $678,712 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $651,115 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $678,712 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $651,115 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $678,712 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $651,115 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$37,012 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,609 | OtherIncreasesAmt |
| Subtotal | $678,712 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $678,712 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 33 BOEING. CO | P | 2011-02-14 | 2024-11-21 | $4,570 | $2,427 | $2,143 | $2,143 |
| 85 CONSTELLATION ENERGY CORP | P | 2011-02-14 | 2024-11-21 | $19,592 | $3,199 | $16,393 | $16,393 |
| 485 INTEL CORP | P | 2011-02-14 | 2024-11-21 | $11,373 | $10,707 | $666 | $666 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $19,202 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $558 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $558 | SubtotalAmt |
| Tax Based On Investment Income | $558 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $32 | EsPenaltyAmt |
| Tax Due | $590 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ken Ashworth | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7028939500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1057 Whitney Ranch 350 | AddressLine1Txt |
| City | Henderson | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Elizabeth Stratemeyer | ||||||
| c/o Ken R Ashworth Assoc | Henderson | NV | 89014 | President | 0.00 | $1,000 |
| Ken Ashworth | ||||||
| 1057 Whitney Ranch Dr Ste 350 | Henderson | NV | 89014 | Director | 0.00 | $0 |
| Lynna Hodgin | ||||||
| c/o Ken R Ashworth Assoc | Henderson | NV | 89014 | Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $683,562 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $20,451 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $704,013 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $704,013 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $10,560 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $693,453 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $34,673 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $34,673 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $558 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $558 | TotalTaxAmt |
| Distributable Before Adj | $34,115 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $34,115 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $34,115 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $34,600 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $34,600 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $34,115 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $18,950 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,244 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $1,002 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,023 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $22,219 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $34,600 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $34,115 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $485 | RemainingDistriFromCorpusAmt |
| Total Corpus | $22,704 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $18,950 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,754 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,244 | ExcessFromYear4Amt |
| Excess From Year2 | $1,002 | ExcessFromYear2Amt |
| Excess From Year1 | $1,023 | ExcessFromYear1Amt |
| Excess From Current Year | $485 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Recipient Foundation StatusRecipientFoundationStatusTxt |
|---|---|---|---|---|---|---|---|
| The American Red Cross | |||||||
| 444 E Warm Springs Rd Ste 110 | Las Vegas | NV | 89119 | Charity | Support disaster relief for families | $2,500 | |
| Marines Toys For Tots | |||||||
| 18251 Quantico Gateway Dr | Triangle | VA | 22172 | charity | Social Welfare | $2,000 | |
| Safe Nest | |||||||
| 2915 W Charleston Ste 12 | Las Vegas | NV | 89102 | charity | Care and support of abused women and children | $10,000 | |
| Ronald McDonald House - LV | |||||||
| 2323 Potosi St | Las Vegas | NV | 89146 | charity | Support the children and families facing medical challenges | $6,000 | |
| Catholic Charities of Southern NV | |||||||
| 1501 Las Vegas Blvd North | Las Vegas | NV | 89101 | charity | Social Assistance for the disadvantaged | $5,000 | |
| Nevada Childhood Cancer Foundation | |||||||
| 3711 East Sunset Rd | Las Vegas | NV | 89120 | charity | Medical Research and services for critcally ill children | $4,000 | 501(c) 3 |
| Spread The Word Nevada | |||||||
| 1065 American Pacific Dr 160 | Henderson | NV | 89074 | charity | Promote literacy and teach Nevada's children to read | $3,000 | 501 (c) 3 |
| Noah's Animal House | |||||||
| 1 W Owens Ave | North Las Vegas | NV | 89030 | charity | Shelter for the animals belonging to battered women and children to keep the family unit together | $2,100 | 501(c)3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $34,600 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $19,202 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $19,202 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,202 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $18,480 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Fedex reimbursement | $35 | $35 |
| License Fee | $50 | $50 |
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