Civic Intelligence

Schmidt Community Fund

990EZ • Fiscal year 2024 • EIN 82-4625051

Jan 01, 2024 to Dec 31, 2024 • Filed on May 08, 2025

402 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.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-13%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$128,346

Up $18,238 (+17%) from 2023

Net Assets

Up

$128,346

Up $18,238 (+17%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Down

$83,955

Down $12,886 (-13%) from 2023

Expenses

Down

$65,717

Down $44,833 (-41%) from 2023

Net Income

Up

$18,238

Up $31,947 (+233%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$128,346
Liabilities$0
Net Assets$128,346

Operations Trend

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

2024

Revenue$83,955
Expenses$65,717
Net Income$18,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$83,955
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

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL SCHMIDTPresident-$0--
STEVE BELLTreasurer-$0--
CARRIE SKOMPSecretary-$0--
TOM GRAYMember-$0--
TRACY BACIGALUPIMember-$0--
SHAWN SCHMIDTMember-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Michael Schmidt
Title
President
Phone
2319292300
Signed
2025-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Dgn LLC
Address
PO BOX 947, TRAVERSE CITY, MI 49685-0947
Preparer
Shelly a 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. Amount given: 55,657.

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

Activity classification: charitable. Grantee name: rainbow babies and children's hospital. Grantee address: 2101 adelbert rd cleveland, oh 44106. Grantee relationship: supported organization. Property description: cash. Amount given: 5,000.

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

Activity classification: charitable. Grantee name: cleveland kids book bank. Grantee address: 3635 perkins ave #1e cleveland, oh 44114. Grantee relationship: supported organization. Property description: cash. Amount given: 5,000. Total included on form 990-ez, line 10: 65,657.

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

Description: bank fees. Amount: 60.

Raw XML Appendix166 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/PersonNm0CARRIE SKOMP
IRS990EZ/BooksInCareOfDetail/PhoneNum02319292300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0402 E FRONT STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TRAVERSE CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049686
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0110108
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0128346
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt083955
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt018238
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0110108
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0128346
IRS990EZ/GrantsAndSimilarAmountsPaidAmt065657
IRS990EZ/GrossReceiptsAmt083955
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0110108
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0128346
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0110108
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0128346
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL SCHMIDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVE BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CARRIE SKOMP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TOM GRAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TRACY BACIGALUPI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SHAWN SCHMIDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt060
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/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065717
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt083955
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SCHMIDTCOMMUNITYFUND.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt091507
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0118442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0120440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0147820
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0562164
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0562164
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt083955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt091507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0118442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0120440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0147820
IRS990ScheduleA/Total509Grp/TotalAmt0562164
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt083955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt091507
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0118442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0120440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0147820
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0562164
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. AMOUNT GIVEN: 55,657.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: RAINBOW BABIES AND CHILDREN'S HOSPITAL. GRANTEE ADDRESS: 2101 ADELBERT RD CLEVELAND, OH 44106. GRANTEE RELATIONSHIP: SUPPORTED ORGANIZATION. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: CHARITABLE. GRANTEE NAME: CLEVELAND KIDS BOOK BANK. GRANTEE ADDRESS: 3635 PERKINS AVE #1E CLEVELAND, OH 44114. GRANTEE RELATIONSHIP: SUPPORTED ORGANIZATION. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 5,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 65,657.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: BANK FEES. AMOUNT: 60.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SCHMIDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02319292300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHMIDT COMMUNITY FUND
ReturnHeader/Filer/BusinessNameControlTxt0SCHM
ReturnHeader/Filer/EIN0824625051
ReturnHeader/Filer/PhoneNum02319292300
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 E FRONT STREET
ReturnHeader/Filer/USAddress/CityNm0TRAVERSE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049686
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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/PreparationDt02025-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLY A ASHMORE CPA
ReturnHeader/ReturnTs02025-05-12T12:36:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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