Schumann Foundation
Schumann Foundation shows volatile revenue but consistent asset growth and no officer compensation.
EIN: 206263167 · N Chesterfld, VA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $446K |
| Total Expenses | $30K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $3.6M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Schumann Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Schumann Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Schumann Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $107K and expenses of $30K.
Revenue and Expenses
Schumann Foundation reported $107K in revenue and $30K in expenses, a surplus of $77K.
Executive Compensation
Top officer compensation appears as $3.5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Schumann Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $24K (80%) |
Across stored filings, Schumann Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Philanthropy context |
Trust Check
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Request a concise report for Schumann Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Schumann Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schumann Foundation
Schumann Foundation (EIN: 206263167) is a nonprofit organization based in N Chesterfld, VA, classified under NTEE code T22. The organization reported total revenue of $446K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schumann Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schumann Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $30K |
| Surplus / Deficit | +$77K |
| Total Assets | $3.6M |
| Total Liabilities | $1 |
| Net Assets | $3.6M |
| Operating Margin | 71.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1428.6 months |
Financial Health Grade: A
In 2023, Schumann Foundation reported a surplus of $77K with revenue exceeding expenses, holds 1428.6 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), Schumann Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -395.0% | -58.0% | +60.2% |
| 2019 | -144.5% | +318.3% | -26.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Schumann Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Schumann Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Schumann Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly commendable for a foundation of its size with assets reaching over $3.5 million.
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 Schumann Foundation's IRS 990 filings:
- Highly volatile and sometimes negative revenue figures, indicating potential instability or reliance on unpredictable income streams.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making it difficult to assess spending efficiency.
- Significant revenue decline in some years (e.g., -46,445 in 201911) while expenses remained substantial ($112,981 in 201911).
Strengths
The following positive indicators were identified for Schumann Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication to mission over executive pay.
- Minimal liabilities reported across all filings, suggesting sound financial management and low debt burden.
- Significant growth in assets over time, from $442,030 in 201111 to $3,560,087 in 202311, demonstrating long-term financial accumulation.
- Low reported expenses relative to assets in most years, suggesting a lean operational structure.
Frequently Asked Questions about Schumann Foundation
Is Schumann Foundation a legitimate charity?
Schumann Foundation (EIN: 206263167) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $446K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Schumann Foundation spend its money?
Schumann Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Schumann Foundation tax-deductible?
Schumann Foundation is registered as a tax-exempt nonprofit (EIN: 206263167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Schumann Foundation CEO make?
Schumann Foundation's highest-compensated officer earns $3.5 annually. The organization reported $446K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Schumann Foundation's spending goes to programs?
Schumann Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Schumann Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Schumann Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Schumann Foundation located?
Schumann Foundation is headquartered in N Chesterfld, Virginia and files with the IRS under EIN 206263167. It is classified under NTEE code T22.
How many years of IRS 990 filings does Schumann Foundation have?
Schumann 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 $446K in total revenue.
What is the primary source of the Schumann Foundation's revenue, given the significant fluctuations and negative figures in some years?
The provided data does not specify the revenue sources. The extreme volatility, including negative revenue years (e.g., -21,814 in 202211, -11,276 in 202011), suggests that revenue might be heavily reliant on investment performance, asset sales, or other non-operating income, rather than consistent donations or grants.
How does the Schumann Foundation manage to grow its assets significantly despite inconsistent and sometimes negative revenue?
Asset growth from $442,030 in 201111 to $3,560,087 in 202311, alongside volatile revenue, implies that the foundation likely benefits from substantial investment gains, capital contributions not classified as operating revenue, or a strategy of retaining rather than spending a large portion of its income.
What are the specific program activities and their associated costs for the Schumann Foundation?
The provided IRS 990 summary data does not detail specific program activities or their costs. Without this information, it's challenging to assess the direct impact and efficiency of the foundation's programmatic spending.
Filing History
IRS 990 filing history for Schumann Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Schumann Foundation's revenue has declined by 5.8%, moving from $113K to $107K. Total assets increased by 705.4% over the same period, from $442K to $3.6M. Total functional expenses fell by 43%, from $52K to $30K. In its most recent filing year (2023), Schumann Foundation reported a surplus of $77K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $30K | $3.6M | $1 | — | — |
| 2022 | $-21,814 | $2K | $616K | $1 | — | View 990 |
| 2021 | $7K | $5K | $385K | $1 | — | View 990 |
| 2020 | $-11,276 | $2K | $382K | $1 | — | View 990 |
| 2019 | $-46,445 | $113K | $395K | $1 | — | View 990 |
| 2015 | $104K | $27K | $535K | $1 | — | View 990 |
| 2014 | $48K | $3K | $457K | $1 | — | View 990 |
| 2013 | $3K | $2K | $410K | $1 | — | View 990 |
| 2012 | $69K | $102K | $409K | $1 | — | View 990 |
| 2011 | $113K | $52K | $442K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $30K, and assets of $3.6M.
- 2022: Revenue of $-21,814, expenses of $2K, and assets of $616K (revenue -395.0% year-over-year).
- 2021: Revenue of $7K, expenses of $5K, and assets of $385K.
- 2020: Revenue of $-11,276, expenses of $2K, and assets of $382K.
- 2019: Revenue of $-46,445, expenses of $113K, and assets of $395K (revenue -144.5% year-over-year).
- 2015: Revenue of $104K, expenses of $27K, and assets of $535K (revenue +118.4% year-over-year).
- 2014: Revenue of $48K, expenses of $3K, and assets of $457K (revenue +1552.1% year-over-year).
- 2013: Revenue of $3K, expenses of $2K, and assets of $410K (revenue -95.8% year-over-year).
- 2012: Revenue of $69K, expenses of $102K, and assets of $409K (revenue -39.0% year-over-year).
- 2011: Revenue of $113K, expenses of $52K, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schumann Foundation:
Data Sources and Methodology
This transparency report for Schumann 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.