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SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period
2020-04-01 to 2021-03-31
Filed
2021-07-22
IRS object ID
202142039349100319
Schema version
2020v4.0
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)
Return2021-07-22T15:02:43-05:00ReturnTs
Tax Period End2021-03-31TaxPeriodEndDt

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 Begin2020-04-01TaxPeriodBeginDt

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)
PersonCHARLES R SCHUMACHERPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8633855149PhoneNum
Signature2021-07-22SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLES RPersonFirstNm
Person LastSCHUMACHERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROGER A INGLEYPreparerPersonNm
PTINP01276427PTIN
Phone8636767981PhoneNum
Preparation2021-07-22PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$105,163FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$7,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,273DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,273DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,273DividendsAdjNetIncmAmt
Total Rev And Expnss$10,775TotalRevAndExpnssAmt
Total Net Invst Incm$3,275TotalNetInvstIncmAmt
Total Adj Net Incm$3,275TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$97TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$28OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$28OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$775TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$28TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,075TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$28TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,700ExcessRevenueOverExpensesAmt
Net Investment Income$3,247NetInvestmentIncomeAmt
Adjusted Net Income$3,275AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$15,469SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$15,997SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$15,997SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$55,781CorporateStockBOYAmt
Corporate Stock EOY$58,953CorporateStockEOYAmt
Corporate Stock EOYFMV$89,166CorporateStockEOYFMVAmt
Total Assets BOY$71,250TotalAssetsBOYAmt
Total Assets EOY$74,950TotalAssetsEOYAmt
Total Assets EOYFMV$105,163TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$71,250NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$74,950NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$71,250TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$74,950TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$71,250TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$74,950TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$71,250TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,700ExcessRevenueOverExpensesAmt
Subtotal$74,950SubtotalAmt
Tot Net Ast Or Fund Balances EOY$74,950TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$45InvestmentIncomeExciseTaxAmt
Subtotal$45SubtotalAmt
Tax Based On Investment Income$45TaxBasedOnInvestmentIncomeAmt
Tax Due$45TaxDueAmt

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
CHARLES R SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR1.00$0$0$0
DAVID SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR1.00$0$0$0
DANIEL SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR1.00$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$76,716AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,733AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$92,449TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$92,449AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,387CashDeemedCharitableAmt
Net Vl Noncharitable Assets$91,062NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,553MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,553MinimumInvestmentReturnAmt
Tax Based On Investment Income$45TaxBasedOnInvestmentIncomeAmt
Total Tax$45TotalTaxAmt
Distributable Before Adj$4,508DistributableBeforeAdjAmt
Distributable Before Ded$4,508DistributableBeforeDedAmt
Distributable As Adjusted$4,508DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,300ExpensesAndContributionsAmt
Qualifying Distributions$6,300QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,300AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,508DistributableAsAdjustedAmt
Undistributed Income PY$4,149UndistributedIncomePYAmt
Qualifying Distributions$6,300QualifyingDistributionsAmt
Applied To Year1$4,149AppliedToYear1Amt
Applied To Current Year$2,151AppliedToCurrentYearAmt
Undistributed Income CY$2,357UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SAMARITAN'S TOUCH CARE CENTER
3015 HERRING AVENUESEBRINGFL33870NONE501(C)CHARITABLE SUPPORT$2,100
RIDGE AREA ARC
4352 INDEPENDENCE STREETAVON PARKFL33825NONE501(C)CHARITABLE SUPPORT$2,100
AG ANGELS INC
320 KITE AVENUESEBRINGFL33870NONE501(C)CHARITABLE SUPPORT$2,100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,273ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,275ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,275TotalIncomeProducingActyAmt

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$7,500TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$650Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CORPORATE STOCKS$19,570$36,046
EXCHANGE TRADED FUNDS$39,383$53,120

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKER FEES$28$28

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FLORIDA ANNUAL CORPORATE FEE$61
PRIOR YEAR EXCISE TAX$36

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