SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period: 2018-04-01 to 2019-03-31
Filed: 2019-08-05
IRS object ID: 201912179349100351
Schema version: 2018v3.1
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
Accounting Fees Schedule
Investments Corp Stock Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-08-05T07:03:48-05:00	ReturnTs
Tax Period End	2019-03-31	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	2018-04-01	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	2019-08-05	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROGER A INGLEY	PreparerPersonNm
PTIN	P01276427	PTIN
Phone	8636767981	PhoneNum
Preparation	2019-08-05	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	64.88.174.3	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-08-05	IPDt
IP Tm	07:03:48	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	72C1B5CCF24A52FA03E5818FAACE990E9489BA91	AtSubmissionCreationDeviceId
At Submission Filing Device Id	72C1B5CCF24A52FA03E5818FAACE990E9489BA91	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-03-31 21:24:44Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$111,068	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 Rev And Expnss	$45	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$45	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$45	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$4,804	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$4,804	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$4,804	DividendsAdjNetIncmAmt
Total Rev And Expnss	$4,849	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,849	TotalNetInvstIncmAmt
Total Adj Net Incm	$4,849	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$575	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$484	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$404	TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,059	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$404	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,700	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,700	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$6,759	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$404	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,700	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,910	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,445	NetInvestmentIncomeAmt
Adjusted Net Income	$4,849	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$20,011	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$18,302	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$18,302	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$55,845	CorporateStockBOYAmt
Corporate Stock EOY	$55,781	CorporateStockEOYAmt
Corporate Stock EOYFMV	$92,766	CorporateStockEOYFMVAmt
Total Assets BOY	$75,856	TotalAssetsBOYAmt
Total Assets EOY	$74,083	TotalAssetsEOYAmt
Total Assets EOYFMV	$111,068	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$75,856	UnrestrictedBOYAmt
Unrestricted EOY	$74,083	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$75,856	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$74,083	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$75,856	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$74,083	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$75,856	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,910	ExcessRevenueOverExpensesAmt
Other Increases	$137	OtherIncreasesAmt
Subtotal	$74,083	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$74,083	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$4,981	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$114,261	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.043593	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$3,245	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$107,218	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.030265	DistributionYr2Rt
Net Vl Noncharitable Assets Yr3	$71,718	NetVlNoncharitableAssetsYr3Amt
Total Distribution	0.073858	TotalDistributionRt
Average Distribution	0.036929	AverageDistributionRt
Net Vl Noncharitable Assets	$111,295	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$4,110	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$44	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$4,154	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$5,700	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$44	InvestmentIncomeExciseTaxAmt
Subtotal	$44	SubtotalAmt
Tax Based On Investment Income	$44	TaxBasedOnInvestmentIncomeAmt
Tax Due	$44	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 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	$93,834	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$19,156	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$112,990	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$112,990	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,695	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$111,295	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,565	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,565	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$44	TaxBasedOnInvestmentIncomeAmt
Total Tax	$44	TotalTaxAmt
Distributable Before Adj	$5,521	DistributableBeforeAdjAmt
Distributable Before Ded	$5,521	DistributableBeforeDedAmt
Distributable As Adjusted	$5,521	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,700	ExpensesAndContributionsAmt
Qualifying Distributions	$5,700	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$44	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$5,656	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,521	DistributableAsAdjustedAmt
Undistributed Income PY	$5,666	UndistributedIncomePYAmt
Qualifying Distributions	$5,700	QualifyingDistributionsAmt
Applied To Year1	$5,666	AppliedToYear1Amt
Applied To Current Year	$34	AppliedToCurrentYearAmt
Undistributed Income CY	$5,487	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
LITTLE LAMBS
S EUCALYPTUS ST	SEBRING	FL	33870	NONE	501(C)	CHARITABLE SUPPORT	$1,900
NEW TESTAMENT CHURCH
604 LEMON AVE	SENBRING	FL	33870	NONE	501(C)	CHARITABLE SUPPORT	$1,900
HIGHLANDS COUNTY BAR FOUNDATION
246 N COMMERCE AVE	SEBRING	FL	33870	NONE	501(C)	CHARITABLE SUPPORT	$1,900

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,700	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$45	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4,804	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,849	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,849	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$575	Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
CORPORATE STOCKS	$16,398	$50,634
EXCHANGE TRADED FUNDS	$39,383	$42,132

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	ADJUSTMENT TO UNREALIZED GAINS	Desc
Amt	$137	Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
FLORIDA ANNUAL CORPORATE FEE	$61
EXCISE TAX	$19
FOREIGN TAXES	$404	$404

SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2018

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

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

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

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

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

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

Comments