Anthony A Schmidt Family Foundation
Anthony A Schmidt Family Foundation consistently spends more than its annual revenue, relying on its substantial asset base.
EIN: 113831025 · Lawrence, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $394K |
| Total Expenses | $108K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Anthony A Schmidt Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anthony A Schmidt Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anthony A Schmidt Family Foundation
Anthony A Schmidt Family Foundation (EIN: 113831025) is a nonprofit organization based in Lawrence, KS, classified under NTEE code T20. The organization reported total revenue of $394K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anthony A Schmidt Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anthony A Schmidt Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $108K |
| Surplus / Deficit | $-68,707 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -176.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.0 months |
Financial Health Grade: B
In 2023, Anthony A Schmidt Family Foundation reported a deficit of $69K with expenses exceeding revenue, holds 158.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Anthony A Schmidt Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1660.2% | +14.1% | -22.8% |
| 2022 | -99.4% | +0.8% | -4.8% |
| 2021 | +1037.6% | +6.1% | +17.7% |
| 2020 | -38.1% | -4.8% | -3.2% |
| 2019 | +5.3% | +7.1% | +46.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anthony A Schmidt Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Anthony A Schmidt Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Anthony A Schmidt Family Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue in most recent periods (e.g., 202311: Revenue $38,848, Expenses $107,555)
- Significant volatility in annual revenue, making long-term financial planning potentially challenging without a stable funding stream.
Strengths
The following positive indicators were identified for Anthony A Schmidt Family Foundation:
- Strong asset base providing financial stability (e.g., $1,476,897 latest assets)
- No reported officer compensation, indicating efficient use of funds for mission-related activities
- Low liabilities, demonstrating sound financial management (consistently $1 or $0)
- Consistent IRS 990 filing history, indicating good transparency and compliance
Frequently Asked Questions about Anthony A Schmidt Family Foundation
Is Anthony A Schmidt Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Anthony A Schmidt Family Foundation (EIN: 113831025) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Anthony A Schmidt Family Foundation spend its money?
Anthony A Schmidt Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anthony A Schmidt Family Foundation tax-deductible?
Anthony A Schmidt Family Foundation is registered as a tax-exempt nonprofit (EIN: 113831025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Anthony A Schmidt Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Anthony A Schmidt Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Anthony A Schmidt Family Foundation located?
Anthony A Schmidt Family Foundation is headquartered in Lawrence, Kansas and files with the IRS under EIN 113831025. It is classified under NTEE code T20.
How many years of IRS 990 filings does Anthony A Schmidt Family Foundation have?
Anthony A Schmidt Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $394K in total revenue.
How does the foundation sustain its operations given consistent revenue deficits?
The foundation sustains its operations by drawing from its substantial asset base, which was $1,416,540 in 202311, significantly higher than its annual expenses.
What are the primary sources of the foundation's revenue, given its volatility?
The provided data does not detail specific revenue sources, but the significant fluctuations (e.g., $383,691 in 202111 vs. $2,207 in 202211) suggest reliance on investment returns, grants, or large, infrequent donations rather than consistent operational income.
What specific programs does the foundation fund or operate?
The NTEE code T20 indicates 'Foundations, Grantmaking & Giving Services', suggesting it primarily operates as a grantmaking entity. Specific program details are not available in the provided summary data.
Filing History
IRS 990 filing history for Anthony A Schmidt Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anthony A Schmidt Family Foundation's revenue has declined by 86.4%, moving from $286K to $39K. Total assets increased by 35.9% over the same period, from $1.0M to $1.4M. Total functional expenses rose by 263.8%, from $30K to $108K. In its most recent filing year (2023), Anthony A Schmidt Family Foundation reported a deficit of $69K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $108K | $1.4M | $1 | — | View 990 |
| 2022 | $2K | $94K | $1.8M | $1 | — | View 990 |
| 2021 | $384K | $94K | $1.9M | $1 | — | — |
| 2020 | $34K | $88K | $1.6M | $1 | — | — |
| 2019 | $54K | $93K | $1.7M | $1 | — | View 990 |
| 2015 | $52K | $87K | $1.2M | $1 | — | View 990 |
| 2014 | $134K | $82K | $1.2M | $1 | — | View 990 |
| 2013 | $142K | $84K | $1.1M | $1 | — | View 990 |
| 2012 | $102K | $61K | $1.1M | $0 | — | View 990 |
| 2011 | $286K | $30K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $108K, and assets of $1.4M (revenue +1660.2% year-over-year).
- 2022: Revenue of $2K, expenses of $94K, and assets of $1.8M (revenue -99.4% year-over-year).
- 2021: Revenue of $384K, expenses of $94K, and assets of $1.9M (revenue +1037.6% year-over-year).
- 2020: Revenue of $34K, expenses of $88K, and assets of $1.6M (revenue -38.1% year-over-year).
- 2019: Revenue of $54K, expenses of $93K, and assets of $1.7M (revenue +5.3% year-over-year).
- 2015: Revenue of $52K, expenses of $87K, and assets of $1.2M (revenue -61.3% year-over-year).
- 2014: Revenue of $134K, expenses of $82K, and assets of $1.2M (revenue -6.1% year-over-year).
- 2013: Revenue of $142K, expenses of $84K, and assets of $1.1M (revenue +39.2% year-over-year).
- 2012: Revenue of $102K, expenses of $61K, and assets of $1.1M (revenue -64.2% year-over-year).
- 2011: Revenue of $286K, expenses of $30K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anthony A Schmidt Family Foundation:
Data Sources and Methodology
This transparency report for Anthony A Schmidt Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.