Schmidt Family Star Foundation
Schmidt Family Star Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 208553555 · St George, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $122K |
| Program Spending | 75% |
| Net Assets | $339K |
| Transparency Score | 90/100 |
Is Schmidt Family Star Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Schmidt Family Star Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schmidt Family Star Foundation
Schmidt Family Star Foundation (EIN: 208553555) is a nonprofit organization based in St George, UT, classified under NTEE code T20. The organization reported total revenue of $116K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schmidt Family Star Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schmidt Family Star Foundation 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 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $122K |
| Surplus / Deficit | +$40K |
| Total Assets | $339K |
| Total Liabilities | $1 |
| Net Assets | $339K |
| Operating Margin | 24.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.5 months |
Financial Health Grade: A
In 2023, Schmidt Family Star Foundation reported a surplus of $40K with revenue exceeding expenses, holds 33.5 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), Schmidt Family Star Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | -21.5% | +13.5% |
| 2022 | +14999900.0% | — | -1.6% |
| 2021 | -100.0% | -100.0% | +0.0% |
| 2020 | -56.5% | -14.3% | +0.1% |
| 2019 | +196.0% | +50.0% | +32890.4% |
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 Schmidt Family Star Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Schmidt Family Star Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for donor confidence and 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 Schmidt Family Star Foundation's IRS 990 filings:
- Highly fluctuating annual revenue, making long-term financial planning potentially challenging (e.g., $592,000 in 2019 vs. $1 in 2021).
Strengths
The following positive indicators were identified for Schmidt Family Star Foundation:
- Consistent 0% officer compensation across all filings, maximizing funds for mission.
- Strong and growing asset base, reaching $339,201 in 2023.
- Minimal liabilities ($1 across all recent filings), indicating excellent financial solvency.
- Healthy program spending ratio (75% of expenses in 2023).
Frequently Asked Questions about Schmidt Family Star Foundation
Is Schmidt Family Star Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Schmidt Family Star Foundation (EIN: 208553555) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Schmidt Family Star Foundation spend its money?
Schmidt Family Star Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Schmidt Family Star Foundation tax-deductible?
Schmidt Family Star Foundation is registered as a tax-exempt nonprofit (EIN: 208553555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Schmidt Family Star Foundation's spending goes to programs?
Schmidt Family Star Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Schmidt Family Star Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Schmidt Family Star 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 Schmidt Family Star Foundation located?
Schmidt Family Star Foundation is headquartered in St George, Utah and files with the IRS under EIN 208553555. It is classified under NTEE code T20.
How many years of IRS 990 filings does Schmidt Family Star Foundation have?
Schmidt Family Star 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 $116K in total revenue.
Is Schmidt Family Star Foundation a good charity?
Based on the financial data, the Schmidt Family Star Foundation appears to be a good charity. It maintains strong assets ($339,201 in 2023), has minimal liabilities ($1), and consistently reports 0% officer compensation, indicating efficient use of funds for its mission.
How does the organization manage its expenses?
The organization generally manages its expenses well, with total expenses often below or close to total revenue. For example, in 2023, expenses were $121,635 against $162,000 in revenue, resulting in a surplus. A significant portion of expenses (75%) is directed towards program services.
What is the trend in the organization's assets?
The organization's assets have shown significant growth over time, from $3,282 in 2011 to $339,201 in 2023, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Schmidt Family Star Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schmidt Family Star Foundation's revenue has grown by 1372.7%, moving from $11K to $162K. Total assets increased by 10235.2% over the same period, from $3K to $339K. Total functional expenses rose by 753.5%, from $14K to $122K. In its most recent filing year (2023), Schmidt Family Star Foundation reported a surplus of $40K, with revenue exceeding expenses. The organization holds $1 in liabilities against $339K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $339K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $122K | $339K | $1 | — | View 990 |
| 2022 | $150K | $155K | $299K | $1 | — | View 990 |
| 2021 | $1 | $0 | $304K | $1 | — | View 990 |
| 2020 | $257K | $257K | $304K | $1 | — | View 990 |
| 2019 | $592K | $300K | $304K | $1 | — | — |
| 2015 | $200K | $200K | $920 | $1 | — | View 990 |
| 2014 | $280K | $270K | $920 | $1 | — | View 990 |
| 2013 | $277K | $288K | $6K | $15K | — | View 990 |
| 2012 | $121K | $121K | $3K | $1 | — | View 990 |
| 2011 | $11K | $14K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $122K, and assets of $339K (revenue +8.0% year-over-year).
- 2022: Revenue of $150K, expenses of $155K, and assets of $299K (revenue +14999900.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $304K (revenue -100.0% year-over-year).
- 2020: Revenue of $257K, expenses of $257K, and assets of $304K (revenue -56.5% year-over-year).
- 2019: Revenue of $592K, expenses of $300K, and assets of $304K (revenue +196.0% year-over-year).
- 2015: Revenue of $200K, expenses of $200K, and assets of $920 (revenue -28.6% year-over-year).
- 2014: Revenue of $280K, expenses of $270K, and assets of $920 (revenue +1.3% year-over-year).
- 2013: Revenue of $277K, expenses of $288K, and assets of $6K (revenue +129.2% year-over-year).
- 2012: Revenue of $121K, expenses of $121K, and assets of $3K (revenue +996.6% year-over-year).
- 2011: Revenue of $11K, expenses of $14K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schmidt Family Star Foundation:
Data Sources and Methodology
This transparency report for Schmidt Family Star 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.