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SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
SCHUMACHER FOUNDATION INC (EIN 47-4569930)
Tax period
2017-04-01 to 2018-03-31
Filed
2018-05-23
IRS object ID
201821439349100322
Schema version
2017v2.3
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)
Return2018-05-23T16:11:03-04:00ReturnTs
Tax Period End2018-03-31TaxPeriodEndDt

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 Begin2017-04-01TaxPeriodBeginDt

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
Signature2018-05-23SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROGER A INGLEYPreparerPersonNm
PTINP01276427PTIN
Phone8636767981PhoneNum
Preparation2018-05-23PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$114,912FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$2,093DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,093DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,093DividendsAdjNetIncmAmt
Total Rev And Expnss$2,093TotalRevAndExpnssAmt
Total Net Invst Incm$2,093TotalNetInvstIncmAmt
Total Adj Net Incm$2,093TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$580AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$620TaxesRevAndExpnssAmt
Taxes Net Invst Incm$204TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,200TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$204TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,200TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$204TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,107ExcessRevenueOverExpensesAmt
Net Investment Income$1,889NetInvestmentIncomeAmt
Adjusted Net Income$2,093AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$63,325SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,011SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,011SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$53,764CorporateStockBOYAmt
Corporate Stock EOY$94,901CorporateStockEOYAmt
Corporate Stock EOYFMV$94,901CorporateStockEOYFMVAmt
Total Assets BOY$117,089TotalAssetsBOYAmt
Total Assets EOY$114,912TotalAssetsEOYAmt
Total Assets EOYFMV$114,912TotalAssetsEOYFMVAmt
Other Liabilities BOY$37,126OtherLiabilitiesBOYAmt
Other Liabilities EOY$39,056OtherLiabilitiesEOYAmt
Total Liabilities BOY$37,126TotalLiabilitiesBOYAmt
Total Liabilities EOY$39,056TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$79,963UnrestrictedBOYAmt
Unrestricted EOY$75,856UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$79,963TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$75,856TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$117,089TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$114,912TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$79,963TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,107ExcessRevenueOverExpensesAmt
Subtotal$75,856SubtotalAmt
Tot Net Ast Or Fund Balances EOY$75,856TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$3,245AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$107,218NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.030265DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$71,718NetVlNoncharitableAssetsYr2Amt
Total Distribution0.030265TotalDistributionRt
Average Distribution0.030265AverageDistributionRt
Net Vl Noncharitable Assets$114,261NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,458AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$19NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$3,477AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$19InvestmentIncomeExciseTaxAmt
Subtotal$19SubtotalAmt
Tax Based On Investment Income$19TaxBasedOnInvestmentIncomeAmt
Tax Due$19TaxDueAmt

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 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

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 1299SEBRINGFL338711299DIRECTOR000.00$0$0$0
DAVID SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR000.00$0$0$0
DANIEL SCHUMACHER
PO BOX 1299SEBRINGFL338711299DIRECTOR000.00$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$74,333AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,668AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$116,001TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$116,001AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,740CashDeemedCharitableAmt
Net Vl Noncharitable Assets$114,261NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,713MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,713MinimumInvestmentReturnAmt
Tax Based On Investment Income$19TaxBasedOnInvestmentIncomeAmt
Total Tax$19TotalTaxAmt
Distributable Before Adj$5,694DistributableBeforeAdjAmt
Distributable Before Ded$5,694DistributableBeforeDedAmt
Distributable As Adjusted$5,694DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,000ExpensesAndContributionsAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$19PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$4,981AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,694DistributableAsAdjustedAmt
Undistributed Income PY$4,972UndistributedIncomePYAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Applied To Year1$4,972AppliedToYear1Amt
Applied To Current Year$28AppliedToCurrentYearAmt
Undistributed Income CY$5,666UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SEBRING HISTRICAL SOCIETY
SEBRING HISTORICAL SOCIETY321 W CENTER AVE321 W CENTER AVESEBRINGFL33870NONE501(C)CHARITABLE SUPPORT$1,700
SEBRING MEALS ON WHEELS
SEBRING MEALS ON WHEELS3011 KENILWORTH BLVD3011 KENILWORTH BLVDSEBRINGFL33870NONE501(C)CHARITABLE SUPPORT$1,600
CHAMPION FOR CHILDREN FOUNDATION
CHAMPION FOR CHILDREN FOUNDATION419 E CENTER AVE419 E CENTER AVESEBRINGFL33870NONE501(C)CHARITABLE SUPPORT$1,700
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,093ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,093ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,093TotalIncomeProducingActyAmt

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$580Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
CORPORATE STOCKS$55,429$55,429
EXCHANGE TRADED FUNDS$39,472$39,472

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINSDesc
BOY Book Value$37,126BOYBookValueAmt
EOY Book Value$39,056EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FLORIDA ANNUAL CORPORATE FEE$61
EXCISE TAX$355
FOREIGN TAXES$204$204

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