WILLIAM E SCHMIDT FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM E SCHMIDT FOUNDATION INC (EIN 35-1884241)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-07-28
- IRS object ID
- 202142099349100514
- Schema version
- 2020v4.1
- 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
- Form 990-PF
- Schedule B
- 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 | 2021-07-28T13:55:34-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | 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 | 2021-07-22 | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRUDY J STOCK | PreparerPersonNm |
| PTIN | P00006120 | PTIN |
| Phone | 8124649161 | PhoneNum |
| Preparation | 2021-07-22 | 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 | 2020 | 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 | $42,757,859 | 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 | $58,774 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,889 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,889 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $777,752 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $777,752 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $313,719 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,417,588 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $313,719 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $290,214 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $290,214 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,444,348 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,385,574 | 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 | $59,136 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,515 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $50,621 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $92,950 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,200 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $91,750 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $17,864 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $100 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,100 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $2,100 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,051,549 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $113,233 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $938,316 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,223,599 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $125,048 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,080,787 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $696,490 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $696,490 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,920,089 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $125,048 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,777,277 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$475,741 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,260,526 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $310,738 | CashBOYAmt |
| Cash EOY | $205,012 | CashEOYAmt |
| Cash EOYFMV | $205,012 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $3,670 | AcctRcvblBOYAmt |
| Other Nts And Loans Rcvbl | $200,125 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $214,975 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $200,125 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $200,125 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $14,281,724 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,640,993 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,918,273 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $16,325,399 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $15,787,171 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $16,198,382 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $10,476 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,699 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $9,877 | LandBOYAmt |
| Land EOY | $7,777 | LandEOYAmt |
| Land EOYFMV | $7,777 | LandEOYFMVAmt |
| Other Assets BOY | $247,811 | OtherAssetsBOYAmt |
| Other Assets EOY | $76,690 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $228,290 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $31,394,194 | TotalAssetsBOYAmt |
| Total Assets EOY | $30,917,768 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $42,757,859 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $5,419 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,916 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $445 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $263 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $5,864 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,179 | 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 | $31,388,330 | RetainedEarningBOYAmt |
| Retained Earning EOY | $30,912,589 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,388,330 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $30,912,589 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $31,394,194 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $30,917,768 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,388,330 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$475,741 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $30,912,589 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $30,912,589 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| ISHARES CORE S&P MID CAP | P | 2019-01-01 | 2020-02-13 | $909,688 | $692,389 | $217,299 | $217,299 |
| ISHARES CORE S&P SMALL CAP | P | 2019-01-01 | 2020-02-13 | $602,600 | $460,630 | $141,970 | $141,970 |
| UNITED STATES TREAS NTS | P | 2019-01-01 | 2020-02-18 | $500,000 | $549,475 | -$49,475 | -$49,475 |
| INTERNATIONAL BUSINESS MACHS | P | 2019-01-01 | 2020-03-06 | $205,300 | $205,214 | $86 | $86 |
| UNITED STATES TREAS NTS | P | 2020-01-01 | 2020-03-31 | $500,000 | $501,211 | -$1,211 | -$1,211 |
| UNITED STATES TREAS NTS | P | 2019-01-01 | 2020-06-01 | $500,000 | $493,027 | $6,973 | $6,973 |
| US TREASURY NOTE | P | 2019-01-01 | 2020-07-31 | $300,000 | $300,035 | -$35 | -$35 |
| US TREASURY NOTE | P | 2019-01-01 | 2020-09-30 | $500,000 | $491,016 | $8,984 | $8,984 |
| WALMART STORES | P | 2019-01-01 | 2020-10-26 | $200,000 | $209,998 | -$9,998 | -$9,998 |
| VISA INC | P | 2019-01-01 | 2020-12-14 | $200,000 | $200,874 | -$874 | -$874 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $313,719 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $17,521 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $17,521 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $17,521 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,640 | 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 | $21,640 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,119 | OverpaymentAmt |
| Applied To ES Tax | $4,119 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | $36,823,207 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,605,743 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $252,716 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,681,666 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $40,681,666 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $610,225 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,071,441 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,003,572 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,003,572 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $17,521 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $17,521 | TotalTaxAmt |
| Distributable Before Adj | $1,986,051 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,986,051 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,986,051 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,777,277 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,777,277 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,777,277 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,986,051 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,291,248 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,777,277 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,291,248 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $486,029 | 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 | $1,500,022 | 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 COORDINATOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 PRESSER HALL 501 SOUTH | AddressLine1Txt |
| Address Line2 | PATTERSON AVE MIAMI UNIVERSITY | AddressLine2Txt |
| City | OXFORD | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45056 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5135293046 | 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 (33 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| CHIMES FOUNDATION INC | ||||||||
| 4815 SETON DR | BALTIMORE | MD | 21215 | NONE | PC | DISCRETIONARY GRANT | $10,000 | |
| CURREY INGRAM ACADEMY | ||||||||
| 6544 MURRAY LN | BRENTWOOD | TN | 37027 | NONE | PC | DONATION | $2,000 | |
| DAN SCISM COLLEGE SCHOLARSHIP FUND | ||||||||
| 601 PFEIFFER RD | EVANSVILLE | IN | 47711 | NONE | PC | SCHOLARSHIP SPONSOR | $30,000 | |
| EVANSVILLE PHILHARMONIC ORCHESTRA | ||||||||
| 401 SE SIXTH STREET SUITE 105 | EVANSVILLE | IN | 47713 | NONE | PC | GUEST ARTIST SPONSOR | $10,000 | |
| HELEN B GOODLIN FOUNDATION | ||||||||
| C/O HUA WANG TREASURER 13290 | SAN DIEGO | CA | 92129 | NONE | PC | CONTEST FUNDS | $9,200 | TRAILHEAD PLACE |
| LAUREL CIVIC ASSOCIATION INC | ||||||||
| 509 COLLINS ROAD P O BOX 511 | LAUREL | FL | 34272 | NONE | PC | UNRESTRICTED CONTRIBUTION | $135,000 | |
| MATTINGLY CHARITIES | ||||||||
| 2 CORPORATE DRIVE STE 923 | SHELTON | CT | 06484 | NONE | PC | GRANT | $30,000 | |
| 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 | $45,000 | |
| ST DAVID'S EPISCOPAL CHURCH | ||||||||
| 301 SE 1ST STREET | EVANSVILLE | IN | 47713 | NONE | PC | DONATION | $3,500 | |
| THE DREAM CENTER | ||||||||
| 16 W MORGAN AVE | EVANSVILLE | IN | 47710 | NONE | PC | DONATION | $25,000 | |
| TRANSFORMATION NASHVILLE | ||||||||
| 1319 RIVERWOOD DR | NASHVILLE | TN | 37216 | NONE | PC | DONATION | $30,000 | |
| US NAVY LEAGUE MEMPHIS COUNCIL | ||||||||
| 2095 EXETER RD | GERMANTOWN | TN | 38138 | NONE | PC | MILITARY FAMILY SUPPORT | $5,000 | |
| YMCA CAMP CARSON | ||||||||
| 2034 OUTER LAKE ROAD | PRINCETON | IN | 47670 | NONE | PC | MILITARY FAMILY SUPPORT | $39,000 | |
| 621 GALLERY | ||||||||
| 621 INDUSTRIAL DRIVE | TALLAHASSEE | FL | 32310 | NONE | PC | DONATION | $5,000 | |
| ALBION FELLOW BACON CENTER | ||||||||
| PO BOX 3164 | EVANSVILLE | IN | 47731 | NONE | PC | GRANT | $10,000 | |
| BALTIMORE-WASHINGTON CONFERENCE OF THE UMC | ||||||||
| 11711 E MARKET PLACE | FULTON | MD | 20759 | NONE | PC | 2020 COVID GRANT | $25,000 | |
| BUTLER UNIVERSITY | ||||||||
| 4600 SUNSET AVE | INDIANAPOLIS | IN | 46208 | NONE | PC | DONATION | $3,000 | |
| CHILDHOOD FOOD SOLUTIONS | ||||||||
| 2573 ST LEO PL | CINCINNATI | OH | 45225 | NONE | PC | COVID-19 GRANT | $2,500 | |
| CHIMES INTERNATIONAL LIMITED | ||||||||
| 4815 SETON DR | BALTIMORE | MD | 21215 | NONE | PC | DONATION | $15,000 | |
| GLEANERS FOOD BANK OF INDIANA INC | ||||||||
| 3737 WALDEMERE AVE | INDIANAPOLIS | IN | 46241 | NONE | PC | 2020 COVID GRANT | $10,000 | |
| GLOBAL INTERFAITH PARTNERSHIP | ||||||||
| 3808 N MERIDIAN ST | INDIANAPOLIS | IN | 46208 | NONE | PC | DONATION | $6,090 | |
| GRACE UNITED METHODIST CHURCH | ||||||||
| 3012 SOUTH TWYCKENHAM DRIVE | SOUTH BEND | IN | 46614 | NONE | PC | DONATION | $5,000 | |
| HABITAT FOR HUMANITY OF EVANSVILLE | ||||||||
| 560 E DIAMOND AVE | EVANSVILLE | IN | 47711 | NONE | PC | DONATION | $30,000 | |
| MATTHEW 25 INC | ||||||||
| 101 NW 1ST ST 215 | EVANSVILLE | IN | 47713 | NONE | PC | 2020 COVID GRANT | $10,000 | |
| METRO MINISTRIES INC | ||||||||
| 2560 VILLA AVE | INDIANAPOLIS | IN | 46203 | NONE | PC | COVID GRANT | $15,000 | |
| NORTH UNITED METHODIST CHURCH | ||||||||
| 4201 STRINGTOWN ROAD | EVANSVILLE | IN | 47711 | NONE | PC | DONATION | $13,000 | |
| PHILLIPS BROOKS HOUSE ASSOCIATION INC | ||||||||
| 1 HARVARD YARD | CAMBRIDGE | MA | 02138 | NONE | PC | DONATION | $1,200 | |
| ST LUKE'S COMMUNITY HOUSE | ||||||||
| 5601 NEW YORK AVE | NASHVILLE | TN | 37209 | NONE | PC | GRANT | $10,500 | |
| SUMMER STOCK STAGE | ||||||||
| PO BOX 55012 | INDIANAPOLIS | IN | 46205 | NONE | PC | DONATION | $4,000 | |
| TENNESSEE GOLF FOUNDATION | ||||||||
| 400 FRANKLIN ROAD | FRANKLIN | TN | 37069 | NONE | PC | SCHOLARSHIP | $120,000 | |
| THE CENTER FOR GREAT NEIGHBORHOODS | ||||||||
| 321 W 12TH STREET | COVINGTON | KY | 41011 | NONE | PC | COVID-19 GRANT | $2,500 | |
| TRANSFORMATION LIFE CENTER | ||||||||
| 395 FLOYD ACKERT ROAD | WEST PARK | NY | 12493 | NONE | PC | 2020 COVID GRANT | $10,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $696,490 | 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 | $3,889 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $777,752 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $290,214 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $313,719 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,385,574 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,385,574 | 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 |
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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWIN J INSLEY | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1904 RUXTON ROAD | AddressLine1Txt |
| City | RUXTON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $25,500 | 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 | $59,136 | Amt |
| Net Investment Income | $8,515 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $50,621 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | BONDS--STATEMENT ATTACHED | BondNm |
| EOY Book Value | $15,787,171 | EOYBookValueAmt |
| EOYFMV | $16,198,382 | 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 | $14,640,993 | EOYBookValueAmt |
| EOYFMV | $25,918,273 | 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 | $202,236 | $48,525 | $200,125 |
| WEBSITE | $44,976 | $27,566 | $27,566 |
| SECURITY DEPOSIT | $599 | $599 | $599 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $31 | $0 | $31 |
| DIRECTORS FEES | $48,000 | $9,600 | $38,400 |
| DUES | $1,750 | $0 | $1,750 |
| INSURANCE | $8,225 | $3,365 | $4,861 |
| INVESTMENT FEES | $95,431 | $95,431 | $0 |
| OFFICE SUPPLIES | $2,475 | $369 | $2,105 |
| POSTAGE | $8,479 | $64 | $8,415 |
| TRAVEL | $23,920 | $0 | $23,920 |
| ADVERTISING | $26,484 | $0 | $26,484 |
| MARKETING | $16,845 | $0 | $16,845 |
| AMORTIZATION | $17,410 | $4,352 | $13,058 |
| UTILITIES | $13,946 | $0 | $13,946 |
| WEBSITE | $22,943 | $52 | $22,891 |
| PAYROLL EXPENSES | $173,578 | $0 | $173,578 |
| COMPETITION EXPENSES | $206,982 | $0 | $206,982 |
| SCHOLARSHIP PAYMENTS | $376,450 | $0 | $376,450 |
| CONFERENCES | $8,600 | $0 | $8,600 |
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 | $290,214 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $290,214 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $290,214 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAXES WITHHELD | Desc |
| BOY Book Value | $445 | BOYBookValueAmt |
| EOY Book Value | $263 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $92,950 | Amt |
| Net Investment Income | $1,200 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $91,750 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ESTIMATED PAYMENTS | $17,764 | $0 | $0 |
| TAXES - OTHER | $100 | $0 | $100 |
Comments