Civic Intelligence

Schmidt Community Fund

990EZ • Fiscal year 2021 • EIN 82-4625051

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 07, 2022

Organization ProfileWWW.SCHMIDTCOMMUNITYFUND.ORG
522 E Front StreetTraverse City, MI 49686

(231) 929-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

28th percentile

-5.6%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

27th percentile

-9.2%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-31%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$132,221

Down $13,407 (-9.2%) from 2020

Net Assets

Down

$132,221

Down $6,254 (-4.5%) from 2020

Liabilities

Down

$0

Down $7,153 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin28th percentile

Revenue

Down

$112,499

Down $50,033 (-31%) from 2020

Expenses

Up

$118,753

Up $28,894 (+32%) from 2020

Net Income

Down

-$6,254

Down $78,927 (-109%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $72,863Liabilities 2019: $7,061Net Assets 2019: $65,8022019Assets 2020: $145,628Liabilities 2020: $7,153Net Assets 2020: $138,4752020Assets 2021: $132,221Liabilities 2021: $0Net Assets 2021: $132,2212021Assets 2022: $124,317Liabilities 2022: $500Net Assets 2022: $123,8172022Assets 2023: $110,108Liabilities 2023: $0Net Assets 2023: $110,1082023Assets 2024: $128,346Liabilities 2024: $0Net Assets 2024: $128,3462024

Highlighted filing

2021

Assets$132,221
Liabilities$0
Net Assets$132,221
Open 2021 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $68,572Expenses 2019: $2,770Net Income 2019: $65,8022019Revenue 2020: $162,532Expenses 2020: $89,859Net Income 2020: $72,6732020Revenue 2021: $112,499Expenses 2021: $118,753Net Income 2021: -$6,2542021Revenue 2022: $134,227Expenses 2022: $142,631Net Income 2022: -$8,4042022Revenue 2023: $96,841Expenses 2023: $110,550Net Income 2023: -$13,7092023Revenue 2024: $83,955Expenses 2024: $65,717Net Income 2024: $18,2382024

Highlighted filing

2021

Revenue$112,499
Expenses$118,753
Net Income-$6,254
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 7, 2022
Return Version
2021v4.2
Gross Receipts
$154,529
Mission and Program Overview

Mission

To invest in people, programs and initiatives in the communities in which we live and serve that further the lifework of the schmidt family and the purpose of the schmidt community fund where together, we can do more.

Program Services

DescriptionGrantsExpenses
SCHMIDT COMMUNITY FUND PROVIDES EDUCATIONAL SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND OTHER CHARITABLE ORGANIZATIONS CHOSEN BY THE SELECTION COMMITTEE. THIS AID IS AVAILABLE TO PUBLIC SCHOOL STUDENTS BASED ON SCHOLASTIC PERFORMANCE AND NEED DUE TO FINANCIAL HARDSHIP, AND OTHER ORGANIZATIONS IN SUPPORT OF THE NEEDY.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL SCHMIDTPresident-$0--
KEN SCHMIDTVice-President-$0--
TOM GRAYSecretary/Treasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Toys for Tots Auction$67,009$34,089$9,110$24,979
Total Events$67,009$34,089$42,030$-7,941
Filing and Contact Details

Filer

Filer Name
Schmidt Community Fund
EIN
82-4625051
Phone
2319292300
Address
522 E FRONT STREET, TRAVERSE CITY, MI 49686

Signing Officer

Name
Michael Schmidt
Title
President
Phone
2319292300
Signed
2022-10-07
Discuss with paid preparer
Yes

Preparer

Firm
Dgn LLC
Address
PO BOX 947, TRAVERSE CITY, MI 49685-0947
Preparer
Shelly Ashmore CPA
Phone
2319461722
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: charitable. Grantee name: various . Grantee address: various various, mi 49686. Grantee relationship: supported organizations. Property description: cash- none in excess of $5,000. Date of gift: various. Amount given: 118,713. Total included on form 990-ez, line 10: 118,713.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fees. Amount: 40.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 7,153. End of year amount: 0.”

Raw XML Appendix158 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL SCHMIDT
IRS990EZ/BooksInCareOfDetail/PhoneNum02319292300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0522 E FRONT STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TRAVERSE CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049686
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0145628
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0132221
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0120440
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-6254
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0132221
IRS990EZ/FundraisingGrossIncomeAmt034089
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0118713
IRS990EZ/GrossReceiptsAmt0154529
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0138475
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0132221
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0138475
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0132221
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL SCHMIDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEN SCHMIDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TOM GRAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt040
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO INVEST IN PEOPLE, PROGRAMS AND INITIATIVES IN THE COMMUNITIES IN WHICH WE LIVE AND SERVE THAT FURTHER THE LIFEWORK OF THE SCHMIDT FAMILY AND THE PURPOSE OF THE SCHMIDT COMMUNITY FUND WHERE TOGETHER, WE CAN DO MORE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHMIDT COMMUNITY FUND PROVIDES EDUCATIONAL SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND OTHER CHARITABLE ORGANIZATIONS CHOSEN BY THE SELECTION COMMITTEE. THIS AID IS AVAILABLE TO PUBLIC SCHOOL STUDENTS BASED ON SCHOLASTIC PERFORMANCE AND NEED DUE TO FINANCIAL HARDSHIP, AND OTHER ORGANIZATIONS IN SUPPORT OF THE NEEDY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt042030
IRS990EZ/SpecialEventsNetIncomeLossAmt0-7941
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt07153
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0118753
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0112499
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SCHMIDTCOMMUNITYFUND.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0120440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0147820
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt078102
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0346362
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0346362
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0120440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0147820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt078102
IRS990ScheduleA/Total509Grp/TotalAmt0346362
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0120440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0147820
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt078102
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0346362
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt032920
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt032920
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042030
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TOYS FOR TOTS AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt067009
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067009
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034089
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-7941
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt032920
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt032920
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09110
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: VARIOUS . GRANTEE ADDRESS: VARIOUS VARIOUS, MI 49686. GRANTEE RELATIONSHIP: SUPPORTED ORGANIZATIONS. PROPERTY DESCRIPTION: CASH- NONE IN EXCESS OF $5,000. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 118,713. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 118,713.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK FEES. AMOUNT: 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 7,153. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SCHMIDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02319292300
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHMIDT COMMUNITY FUND
ReturnHeader/Filer/BusinessNameControlTxt0SCHM
ReturnHeader/Filer/EIN0824625051
ReturnHeader/Filer/PhoneNum02319292300
ReturnHeader/Filer/USAddress/AddressLine1Txt0522 E FRONT STREET
ReturnHeader/Filer/USAddress/CityNm0TRAVERSE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049686
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202349670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DGN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 947
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TRAVERSE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0496850947
ReturnHeader/PreparerPersonGrp/PhoneNum02319461722
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLY ASHMORE CPA
ReturnHeader/ReturnTs02022-11-04T14:19:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHMIDT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,221
Liabilities
$0
Net assets
$132,221
Revenue
$112,499
Expenses
$118,753
Net income
-$6,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.84$0.66$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.97$1.11$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.24$1.34$1.43$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$1.12$1.19$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.07$1.38$1.63$0.90$0.73
2019Detailed filing. Detailed filing data is available for this year.$0.73$0.07$0.66$0.69$0.03$0.66
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00