Geoffrey Schmidt Foundation

Geoffrey Schmidt Foundation consistently operates at a deficit, drawing down assets to cover expenses.

EIN: 203820154 · Ivins, UT · Updated: 2026-03-28

$375KRevenue

$1.3MAssets

35/100Mission Score (Poor)

Is Geoffrey Schmidt Foundation Legit?

Significant Concerns

GoodFiling Consistency

Below AverageSpending Efficiency

ModerateTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Geoffrey Schmidt Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About Geoffrey Schmidt Foundation

Geoffrey Schmidt Foundation (EIN: 203820154) is a nonprofit organization based in Ivins, UT. The organization reported total revenue of $375K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geoffrey Schmidt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Geoffrey Schmidt Foundation exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2023, the organization reported revenue of $57,400 but incurred expenses of $155,376, resulting in a substantial deficit. This pattern is not isolated, as evidenced by the 2021 period where revenue was $23,735 against expenses of $145,957. While the organization maintains a healthy asset base of $1,344,734 in 2023, this consistent operational deficit suggests that it is drawing down its assets to cover expenses, which is unsustainable long-term. The absence of officer compensation across all reported periods indicates a potential reliance on volunteer leadership or that compensation is not reported in this category, which could be a positive for donor confidence regarding executive pay, but doesn't address the core financial imbalance.

The foundation's financial health appears to be deteriorating, with assets steadily declining from $2,147,232 in 2011 to $1,344,734 in 2023. This decline directly correlates with the consistent operational losses. The organization's spending efficiency is questionable given the large and persistent gap between revenue and expenses. Without a breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency, but the overall financial trajectory is a significant concern. The lack of reported liabilities (often $0 or $1) across all filings suggests a clean balance sheet in that regard, but the fundamental issue remains the inability to cover operational costs through incoming revenue.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Geoffrey Schmidt Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 30%
programs: 60%
fundraising: 10%

According to IRS 990 filings, Geoffrey Schmidt Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is not categorized under 'Officer Comp' in these specific filings. This indicates a positive aspect regarding the allocation of funds away from high executive salaries.

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 Geoffrey Schmidt Foundation's IRS 990 filings:

Consistent and significant operational deficits (e.g., $97,976 deficit in 2023).
Steady decline in total assets over the past decade (from $2.1M in 2011 to $1.3M in 2023).
Revenue consistently insufficient to cover expenses across all reported periods.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.

Strengths

The following positive indicators were identified for Geoffrey Schmidt Foundation:

No reported officer compensation, suggesting funds are not being used for executive salaries.
Maintains a substantial asset base ($1.3M in 2023) despite operational deficits.
Very low reported liabilities across all periods.

Frequently Asked Questions about Geoffrey Schmidt Foundation

Is Geoffrey Schmidt Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Geoffrey Schmidt Foundation (EIN: 203820154) significant concerns. Mission Score: 35/100. 4 red flags identified, 3 strengths noted.

How does Geoffrey Schmidt Foundation spend its money?

Geoffrey Schmidt Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Geoffrey Schmidt Foundation tax-deductible?

Geoffrey Schmidt Foundation is registered as a tax-exempt nonprofit (EIN: 203820154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does the Geoffrey Schmidt Foundation plan to address its consistent operational deficits?

The filings consistently show expenses far exceeding revenue (e.g., $155,376 expenses vs. $57,400 revenue in 2023), indicating an unsustainable financial model that relies on drawing down assets.

What are the specific program activities and their associated costs?

The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess the impact and efficiency of program spending.

Why have the organization's assets declined significantly over the past decade?

Assets have decreased from $2,147,232 in 2011 to $1,344,734 in 2023, likely due to the organization consistently spending more than it earns, thereby liquidating assets to cover operational costs.

Filing History

IRS 990 filing history for Geoffrey Schmidt Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Geoffrey Schmidt Foundation's revenue has grown by 213.1%, moving from $18K to $57K. Total assets decreased by 37.4% over the same period, from $2.1M to $1.3M. Total functional expenses fell by 19.1%, from $192K to $155K. In its most recent filing year (2023), Geoffrey Schmidt Foundation reported a deficit of $98K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$57K	$155K	$1.3M	$1	—	View 990
2022	$24K	$25K	$1.4M	$1	—	View 990
2021	$24K	$146K	$1.4M	$1	—	View 990
2020	$59K	$142K	$1.6M	$1	—	View 990
2019	$18K	$66K	$1.6M	$1	—	View 990
2015	$9K	$47K	$1.7M	$0	—	View 990
2014	$15K	$114K	$1.8M	$0	—	View 990
2013	$-54,189	$121K	$1.9M	$0	—	—
2012	$25K	$232K	$2.1M	$0	—	View 990
2011	$18K	$192K	$2.1M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $57K, expenses of $155K, and assets of $1.3M (revenue +136.4% year-over-year).
2022: Revenue of $24K, expenses of $25K, and assets of $1.4M (revenue +2.3% year-over-year).
2021: Revenue of $24K, expenses of $146K, and assets of $1.4M (revenue -59.8% year-over-year).
2020: Revenue of $59K, expenses of $142K, and assets of $1.6M (revenue +226.0% year-over-year).
2019: Revenue of $18K, expenses of $66K, and assets of $1.6M (revenue +111.4% year-over-year).
2015: Revenue of $9K, expenses of $47K, and assets of $1.7M (revenue -42.1% year-over-year).
2014: Revenue of $15K, expenses of $114K, and assets of $1.8M.
2013: Revenue of $-54,189, expenses of $121K, and assets of $1.9M (revenue -315.2% year-over-year).
2012: Revenue of $25K, expenses of $232K, and assets of $2.1M (revenue +37.3% year-over-year).
2011: Revenue of $18K, expenses of $192K, and assets of $2.1M.

Data Sources and Methodology

This transparency report for Geoffrey Schmidt 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.