SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period: 2021-04-01 to 2022-03-31
Filed: 2022-07-15
IRS object ID: 202241969349100914
Schema version: 2021v4.0
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
Schedule B
Accounting Fees Schedule
Investments Corp Stock Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-07-15T16:12:39-05:00	ReturnTs
Tax Period End	2022-03-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	590673514	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BUNTING TRIPP & INGLEY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	230 EAST TILLMAN AVENUE	AddressLine1Txt
City	LAKE WALES	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	338533714	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-04-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	474569930	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE SCHUMACHER FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SCHU	BusinessNameControlTxt
Phone	8633855149	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1299	AddressLine1Txt
City	SEBRING	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	338711299	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHARLES R SCHUMACHER	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	8633855149	PhoneNum
Signature	2022-07-15	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CHARLES R	PersonFirstNm
Person Last	SCHUMACHER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROGER A INGLEY	PreparerPersonNm
PTIN	P01276427	PTIN
Phone	8636767981	PhoneNum
Preparation	2022-07-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$123,619	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	$10,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$2	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$2	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$2	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$3,777	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$3,777	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$3,777	DividendsAdjNetIncmAmt
Total Rev And Expnss	$13,779	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,779	TotalNetInvstIncmAmt
Total Adj Net Incm	$3,779	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$775	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$119	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$28	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$28	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$922	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$28	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$6,600	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$6,600	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$7,522	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$28	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$6,600	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$6,257	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,751	NetInvestmentIncomeAmt
Adjusted Net Income	$3,779	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$15,997	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$14,809	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$14,809	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$58,953	CorporateStockBOYAmt
Corporate Stock EOY	$66,398	CorporateStockEOYAmt
Corporate Stock EOYFMV	$108,810	CorporateStockEOYFMVAmt
Total Assets BOY	$74,950	TotalAssetsBOYAmt
Total Assets EOY	$81,207	TotalAssetsEOYAmt
Total Assets EOYFMV	$123,619	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$74,950	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$81,207	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$74,950	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$81,207	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$74,950	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$81,207	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$74,950	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$6,257	ExcessRevenueOverExpensesAmt
Subtotal	$81,207	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$81,207	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$52	InvestmentIncomeExciseTaxAmt
Subtotal	$52	SubtotalAmt
Tax Based On Investment Income	$52	TaxBasedOnInvestmentIncomeAmt
Tax Due	$52	TaxDueAmt

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
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
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
Individual With Books	DANIEL M SCHUMACHER	IndividualWithBooksNm
Phone	8633855149	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1299	AddressLine1Txt
City	SEBRING	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	338711299	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
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	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
CHARLES R SCHUMACHER
PO BOX 1299	SEBRING	FL	338711299	DIRECTOR	1.00	$0	$0	$0
DAVID SCHUMACHER
PO BOX 1299	SEBRING	FL	338711299	DIRECTOR	1.00	$0	$0	$0
DANIEL SCHUMACHER
PO BOX 1299	SEBRING	FL	338711299	DIRECTOR	1.00	$0	$0	$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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$98,988	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$15,403	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$114,391	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$114,391	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,716	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$112,675	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,634	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,634	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$52	TaxBasedOnInvestmentIncomeAmt
Total Tax	$52	TotalTaxAmt
Distributable Before Adj	$5,582	DistributableBeforeAdjAmt
Distributable Before Ded	$5,582	DistributableBeforeDedAmt
Distributable As Adjusted	$5,582	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$6,600	ExpensesAndContributionsAmt
Qualifying Distributions	$6,600	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,582	DistributableAsAdjustedAmt
Undistributed Income PY	$2,357	UndistributedIncomePYAmt
Qualifying Distributions	$6,600	QualifyingDistributionsAmt
Applied To Year1	$2,357	AppliedToYear1Amt
Applied To Current Year	$4,243	AppliedToCurrentYearAmt
Undistributed Income CY	$1,339	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CHAMPION FOR CHILDREN FOUNDATION
419 E CENTER STREET	SEBRING	FL	33870	NONE	501(C)3	CHARITABLE SUPPORT	$2,200
LITTLE LAMBS INC
710 S EUCALYPTUS STREET	SEBRING	FL	33870	NONE	501(C)3	CHARITABLE SUPPORT	$2,200
CHILDRENS MUSEUM OF HIGHLANDS
219 N/ RIDGEWOOD DRIVE	SEBRING	FL	33870	NONE	501(C)3	CHARITABLE SUPPORT	$2,200

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$6,600	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,777	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$3,779	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,779	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	CHARLES R SCHUMACHER	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1299	AddressLine1Txt
City	SEBRING	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	338711299	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$10,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$775	Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
CORPORATE STOCKS	$27,015	$48,046
EXCHANGE TRADED FUNDS	$39,383	$60,764

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKER FEES	$28	$28

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
FLORIDA ANNUAL CORPORATE FEE	$61
PRIOR YEAR EXCISE TAX	$58

SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2021

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

Comments