SCHUMACHER FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SCHUMACHER FOUNDATION INC (EIN 47-4569930)
- Tax period
- 2016-04-01 to 2017-03-31
- Filed
- 2017-11-14
- IRS object ID
- 201743189349102514
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-14T16:15:08-05:00 | ReturnTs |
| Tax Period End | 2017-03-31 | 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 | 2016-04-01 | 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 | 2017-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROGER A INGLEY | PreparerPersonNm |
| PTIN | P01276427 | PTIN |
| Phone | 8636767981 | PhoneNum |
| Preparation | 2017-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 29DD6AC2A6FB3C2C8C3B1F38DC1FFD2E53143D3A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CF384214F99BCA49C4EE483DCA9FD812C0BFFCF7 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $117,089 | 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 |
| Dividends Rev And Expnss | $1,340 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,340 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,340 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $34,114 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $55,431 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $34,114 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $35,454 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $35,454 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,340 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $575 | AccountingFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $81 | TaxesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $656 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,256 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,600 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $31,198 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $35,454 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,340 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $11,050 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $63,325 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $63,325 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $37,715 | CorporateStockBOYAmt |
| Corporate Stock EOY | $16,638 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $53,764 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $48,765 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,963 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $117,089 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $48,765 | UnrestrictedBOYAmt |
| Unrestricted EOY | $79,963 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $48,765 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $79,963 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $48,765 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $79,963 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $48,765 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $31,198 | ExcessRevenueOverExpensesAmt |
| Subtotal | $79,963 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $79,963 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | 400SH ISHARES N AMERICAN TECH | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2007-01-12 | AcquiredDt |
| Sold | 2017-03-31 | SoldDt |
| Gross Sales Price | $55,431 | GrossSalesPriceAmt |
| Cost Or Other Basis | $21,317 | CostOrOtherBasisAmt |
| Gain Or Loss | $34,114 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $34,114 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $34,114 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Net Vl Noncharitable Assets Yr1 | $71,718 | NetVlNoncharitableAssetsYr1Amt |
| Net Vl Noncharitable Assets | $107,218 | NetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $355 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $355 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,600 | 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 | $355 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $355 | SubtotalAmt |
| Tax Based On Investment Income | $355 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $355 | 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 |
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 | $99,379 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,472 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $108,851 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $108,851 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,633 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $107,218 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,361 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,361 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $355 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $355 | TotalTaxAmt |
| Distributable Before Adj | $5,006 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,006 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,006 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,600 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,600 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $355 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,245 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,006 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,566 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,600 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,566 | AppliedToYear1Amt |
| Applied To Current Year | $34 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $4,972 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|---|
| SAMARITANS TOUCH CARE CENTER | |||||||||
| SAMARITANS TOUCH CARE CENTER | 3015 HERRING AVE | 3015 HERRING AVE | SEBRING | FL | 33870 | NONE | 501(C) | CHARITABLE SUPPORT | $1,800 |
| ARC- RIDGE AREA | |||||||||
| ARC- RIDGE AREA | 1502 QUEEN PALM AVE | 1502 QUEEN PALM AVE | SEBRING | FL | 33870 | NONE | 501(C) | CHARITABLE SUPPORT | $1,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,600 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,340 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,114 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $35,454 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $35,454 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCKS | StockNm |
| EOY Book Value | $16,638 | EOYBookValueAmt |
| EOYFMV | $53,764 | EOYFMVAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| FLORIDA ANNUAL CORPORATE FEE | $61 |
| EXCISE TAX | $20 |
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