Schemel Family Foundation Inc
Schemel Family Foundation shows highly volatile revenue and assets, with no officer compensation reported.
EIN: 208007821 · Lantana, FL · NTEE: T22 · Updated: 2026-03-28
Is Schemel Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schemel Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schemel Family Foundation Inc
Schemel Family Foundation Inc (EIN: 208007821) is a nonprofit organization based in Lantana, FL, classified under NTEE code T22. The organization reported total revenue of $802K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schemel Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schemel Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $511K |
| Surplus / Deficit | +$91K |
| Total Assets | $109K |
| Total Liabilities | $1 |
| Net Assets | $109K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Schemel Family Foundation Inc reported a surplus of $91K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Schemel Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +836843.1% | -41.3% | +465.7% |
| 2022 | -100.0% | +19.5% | -97.8% |
| 2021 | -39.4% | -34.9% | +43.7% |
| 2020 | +26.9% | -12.7% | +361.1% |
| 2019 | +62.5% | +55.7% | +128.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Schemel Family Foundation Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Schemel Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation, which is highly favorable for donor perception.
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 Schemel Family Foundation Inc's IRS 990 filings:
- Extreme revenue volatility (e.g., $1,000,052 in 2021 to $72 in 2022)
- Significant fluctuations in asset levels year-over-year (e.g., $890,581 in 2021 to $19,328 in 2022)
- Lack of detailed expense breakdown to assess program vs. administrative spending efficiency
Strengths
The following positive indicators were identified for Schemel Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries
- Low liabilities across most filing periods, suggesting good financial management of debt
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting
Frequently Asked Questions about Schemel Family Foundation Inc
Is Schemel Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Schemel Family Foundation Inc (EIN: 208007821) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Schemel Family Foundation Inc spend its money?
Schemel Family Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schemel Family Foundation Inc tax-deductible?
Schemel Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208007821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the extreme revenue drop to $72 in 2022?
The provided data does not specify the reason for the drastic decrease in revenue from over $1 million in prior years to just $72 in 2022. This would require reviewing the full IRS Form 990 for that period to understand the source of income and any unusual events.
How does the foundation manage its assets given the significant fluctuations?
Asset values have varied greatly, from $890,581 in 2021 to $19,328 in 2022, then to $109,332 in 2023. This suggests either significant grantmaking activity that depletes assets or highly volatile investment performance. Further details on investment strategies and grant distributions would be needed.
What is the primary source of the foundation's revenue?
The NTEE code T22 (Private Grantmaking Foundations) suggests revenue likely comes from investment income, contributions from founding family members, or other private sources. The provided data does not break down revenue sources.
What are the specific programs or grants funded by the foundation?
The provided financial summary does not detail the specific programs or grants made by the foundation. As a grantmaking foundation, its 'program' spending would primarily be the grants it distributes.
Filing History
IRS 990 filing history for Schemel Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schemel Family Foundation Inc's revenue has grown by 300.7%, moving from $150K to $603K. Total assets increased by 157.3% over the same period, from $42K to $109K. Total functional expenses rose by 34%, from $382K to $511K. In its most recent filing year (2023), Schemel Family Foundation Inc reported a surplus of $91K, with revenue exceeding expenses. The organization holds $1 in liabilities against $109K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $511K | $109K | $1 | — | — |
| 2022 | $72 | $871K | $19K | $1K | — | View 990 |
| 2021 | $1.0M | $729K | $891K | $1K | — | View 990 |
| 2020 | $1.7M | $1.1M | $620K | $1K | — | View 990 |
| 2019 | $1.3M | $1.3M | $134K | $1 | — | View 990 |
| 2015 | $800K | $824K | $59K | $0 | — | View 990 |
| 2014 | $1.2M | $1.2M | $83K | $0 | — | View 990 |
| 2013 | $500K | $466K | $59K | $0 | — | View 990 |
| 2012 | $700K | $719K | $24K | $0 | — | View 990 |
| 2011 | $150K | $382K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $511K, and assets of $109K (revenue +836843.1% year-over-year).
- 2022: Revenue of $72, expenses of $871K, and assets of $19K (revenue -100.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $729K, and assets of $891K (revenue -39.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.1M, and assets of $620K (revenue +26.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $134K (revenue +62.5% year-over-year).
- 2015: Revenue of $800K, expenses of $824K, and assets of $59K (revenue -33.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $83K (revenue +140.0% year-over-year).
- 2013: Revenue of $500K, expenses of $466K, and assets of $59K (revenue -28.6% year-over-year).
- 2012: Revenue of $700K, expenses of $719K, and assets of $24K (revenue +365.6% year-over-year).
- 2011: Revenue of $150K, expenses of $382K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schemel Family Foundation Inc:
Data Sources and Methodology
This transparency report for Schemel Family Foundation Inc 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.