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SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period
2024-04-01 to 2025-03-31
Filed
2025-06-16
IRS object ID
202501679349100125
Schema version
2024v5.0
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)
Return2025-06-16T14:30:09-04:00ReturnTs
Tax Period End2025-03-31TaxPeriodEndDt

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 Begin2024-04-01TaxPeriodBeginDt

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
Signature2025-06-16SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROGER A INGLEYPreparerPersonNm
PTINP01276427PTIN
Phone8636767981PhoneNum
Preparation2025-06-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,024,892FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$56InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$56InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$56InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$58,804DividendsRevAndExpnssAmt
Dividends Net Invst Incm$58,804DividendsNetInvstIncmAmt
Dividends Adj Net Incm$58,804DividendsAdjNetIncmAmt
Total Rev And Expnss$158,860TotalRevAndExpnssAmt
Total Net Invst Incm$58,860TotalNetInvstIncmAmt
Total Adj Net Incm$58,860TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,075AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$472TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,697OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,697OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,244TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,697TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$42,244TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,697TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$116,616ExcessRevenueOverExpensesAmt
Net Investment Income$53,163NetInvestmentIncomeAmt
Adjusted Net Income$58,860AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$6,602SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$29,975SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$29,975SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$785,528CorporateStockBOYAmt
Corporate Stock EOY$890,804CorporateStockEOYAmt
Corporate Stock EOYFMV$994,917CorporateStockEOYFMVAmt
Total Assets BOY$792,130TotalAssetsBOYAmt
Total Assets EOY$920,779TotalAssetsEOYAmt
Total Assets EOYFMV$1,024,892TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$792,130NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$920,779NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$792,130TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$920,779TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$792,130TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$920,779TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$792,130TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$116,616ExcessRevenueOverExpensesAmt
Other Increases$12,033OtherIncreasesAmt
Subtotal$920,779SubtotalAmt
Tot Net Ast Or Fund Balances EOY$920,779TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$739InvestmentIncomeExciseTaxAmt
Subtotal$739SubtotalAmt
Tax Based On Investment Income$739TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$16EsPenaltyAmt
Tax Due$755TaxDueAmt

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$947,390AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,933AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$969,323TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$969,323AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,540CashDeemedCharitableAmt
Net Vl Noncharitable Assets$954,783NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,739MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,739MinimumInvestmentReturnAmt
Tax Based On Investment Income$739TaxBasedOnInvestmentIncomeAmt
Total Tax$739TotalTaxAmt
Distributable Before Adj$47,000DistributableBeforeAdjAmt
Distributable Before Ded$47,000DistributableBeforeDedAmt
Distributable As Adjusted$47,000DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,000ExpensesAndContributionsAmt
Qualifying Distributions$35,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,000DistributableAsAdjustedAmt
Undistributed Income PY$5,842UndistributedIncomePYAmt
Qualifying Distributions$35,000QualifyingDistributionsAmt
Applied To Year1$5,842AppliedToYear1Amt
Applied To Current Year$29,158AppliedToCurrentYearAmt
Undistributed Income CY$17,842UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 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
AG ANGELS
AG ANGELSPO BOX 8333PO BOX 8333SEBRINGFL338720123NONE501(C)(3)CHARITABLE SUPPORT$5,000
SAMARITANS TOUCH CENTER
SAMARTIAN TOUCH CENTER3015 HERRING AVE3015 HERRING AVESEBRINGFL33870NONE501(C)(3)CHARITABLE PURPOSE$5,000
NEW TESTAMENT CHURCH AND MISSION
NEW TESTAMENT CHURCH AND MISSION ADDRESS604 LEMON AVE604 LEMON AVESEBRINGFL33870NONE501(C)(3)CHARITABLE PURPOSE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$35,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$56ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$58,804ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$58,860ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$58,860TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,075Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CORPORATE STOCKS$35,068$87,633
EXCHANGE TRADED FUNDS$855,736$907,284

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKER FEES$5,697$5,697

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescADJUSTMENTDesc
Amt$12,033Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FLORIDA ANNUAL CORPORATE FEE$61
PRIOR YEAR EXCISE TAX$411

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