William C Schumacher Family Foundation
EIN: 823932028 · Lafayette, LA · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.3M |
| Net Assets | $22.4M |
Is William C Schumacher Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About William C Schumacher Family Foundation
William C Schumacher Family Foundation (EIN: 823932028) is a nonprofit organization based in Lafayette, LA, classified under NTEE code T11. The organization reported total revenue of $4.5M and total assets of $23.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William C Schumacher Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William C Schumacher Family Foundation is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -22.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-1,318,138 |
| Total Assets | $22.4M |
| Net Assets | $22.4M |
| Operating Margin | -44.5% |
| Months of Reserves | 62.8 months |
Financial Health Grade: B
In 2023, William C Schumacher Family Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 62.8 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), William C Schumacher Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +65.2% | +0.3% |
| 2022 | +15.2% | +1.9% | -23.6% |
| 2021 | -26.3% | -10.7% | +24.6% |
| 2020 | -77.5% | +2.7% | +9.9% |
| 2019 | +5.9% | +17766.1% | +104.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for William C Schumacher Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates William C Schumacher Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
Frequently Asked Questions about William C Schumacher Family Foundation
Is William C Schumacher Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William C Schumacher Family Foundation (EIN: 823932028) insufficient data. 0 red flags identified, 0 strengths noted.
How does William C Schumacher Family Foundation spend its money?
Detailed spending breakdown data is not yet available for William C Schumacher Family Foundation. Check back for updated IRS 990 analysis.
Are donations to William C Schumacher Family Foundation tax-deductible?
William C Schumacher Family Foundation is registered as a tax-exempt nonprofit (EIN: 823932028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is William C Schumacher Family Foundation located?
William C Schumacher Family Foundation is headquartered in Lafayette, Louisiana and files with the IRS under EIN 823932028. It is classified under NTEE code T11.
How many years of IRS 990 filings does William C Schumacher Family Foundation have?
William C Schumacher Family Foundation has 6 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 $4.5M in total revenue.
Filing History
IRS 990 filing history for William C Schumacher Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), William C Schumacher Family Foundation's revenue has declined by 72.2%, moving from $10.7M to $3.0M. Total assets increased by 115% over the same period, from $10.4M to $22.4M. Total functional expenses rose by 27490.8%, from $16K to $4.3M. In its most recent filing year (2023), William C Schumacher Family Foundation reported a deficit of $1.3M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $4.3M | $22.4M | $0 | — | View 990 |
| 2022 | $2.2M | $2.6M | $22.4M | $0 | — | View 990 |
| 2021 | $1.9M | $2.5M | $29.3M | $382 | — | View 990 |
| 2020 | $2.5M | $2.8M | $23.5M | $0 | — | View 990 |
| 2019 | $11.3M | $2.8M | $21.4M | $0 | — | View 990 |
| 2018 | $10.7M | $16K | $10.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $4.3M, and assets of $22.4M (revenue +37.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.6M, and assets of $22.4M (revenue +15.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.5M, and assets of $29.3M (revenue -26.3% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.8M, and assets of $23.5M (revenue -77.5% year-over-year).
- 2019: Revenue of $11.3M, expenses of $2.8M, and assets of $21.4M (revenue +5.9% year-over-year).
- 2018: Revenue of $10.7M, expenses of $16K, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William C Schumacher Family Foundation:
Data Sources and Methodology
This transparency report for William C Schumacher 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.