Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 12-01-2018 , and ending 11-30-2019
Name of foundation
ROBERT E AND PATRICIA SCHMIDT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1011 W 27TH ST F-3 NO F-2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HAYS, KS67601
A Employer identification number

48-1077463
B Telephone number (see instructions)

(785) 625-1772
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$42,484,056J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 6,693,362
2 Check bullet.............
3 Interest on savings and temporary cash investments 402,239 402,239  
4 Dividends and interest from securities... 607,078 607,078  
5a Gross rents............ 179,284 179,284  
b Net rental income or (loss) 136,746
6a Net gain or (loss) from sale of assets not on line 10 -94,003
b Gross sales price for all assets on line 6a 3,678,507
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 9,345
b Less: Cost of goods sold.... 5,821
c Gross profit or (loss) (attach schedule)..... 3,524  
11 Other income (attach schedule)....... Click to see attachment 504,728 515,843  
12 Total. Add lines 1 through 11........ 8,296,212 1,704,444  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 188,000 188,000   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 77,111 77,111   0
c Other professional fees (attach schedule).... Click to see attachment 88,602 88,602   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 48,949 339   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 86,888 86,888  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 96,793 96,793   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 586,343 537,733   0
25 Contributions, gifts, grants paid....... 1,272,085 1,272,085
26 Total expenses and disbursements. Add lines 24 and 25 1,858,428 537,733   1,272,085
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,437,784
b Net investment income (if negative, enter -0-) 1,166,711
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,058,790 2,860,724 2,860,724
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet6,800,000
Less: allowance for doubtful accounts bullet0 7,600,000 6,800,000 6,800,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,461,352 Click to see attachment13,768,654 16,475,247
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,787,521
Less: accumulated depreciation (attach schedule) bullet589,845 1,193,564 Click to see attachment1,197,676 993,790
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,701,896 Click to see attachment7,442,809 7,442,809
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,527,963 Click to see attachment7,911,486 Click to see attachment7,911,486
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,543,565 39,981,349 42,484,056
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 33,543,565 39,981,349
30 Total net assets or fund balances (see instructions)..... 33,543,565 39,981,349
31 Total liabilities and net assets/fund balances (see instructions). 33,543,565 39,981,349
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
33,543,565
2
Enter amount from Part I, line 27a .....................
2
6,437,784
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
39,981,349
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
39,981,349
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF SECURITIES P    
b WRITE OFF OF SECURITIES P    
c WRITE OFF OF ASSETS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,672,563   3,728,994 -56,431
b 5,944     5,944
c     43,516 -43,516
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -56,431
b       5,944
c       -43,516
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -94,003
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 520,133 33,469,654 0.015540
2016 429,334 14,947,053 0.028724
2015 493,109 12,115,584 0.040700
2014 472,754 6,812,085 0.069399
2013 447,027 7,044,824 0.063455
2
Total of line 1, column (d) .....................
2
0.217818
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.043564
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
41,143,772
5
Multiply line 4 by line 3......................
5
1,792,387
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,667
7
Add lines 5 and 6........................
7
1,804,054
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,272,085
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 23,334
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 23,334
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 23,334
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 42,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 42,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,666
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet18,666 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletANN GASCHLER Telephone no.bullet (785) 625-1772

    Located atbullet1011 W 27TH ST F-3HAYSKS ZIP+4bullet67601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GARY SHORMAN TRUSTEE/PRESIDENT
    3.00     		52,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    JOSEPH W JETER TRUSTEE
    1.00     		34,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    RANDY WALKER TRUSTEE
    1.00     		34,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    KURT DAVID TRUSTEE
    1.00     		34,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    KEN BRAUN RETIRED AS OF 113019 TRUSTEE
    1.00     		34,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    15,063,048
    b
    Average of monthly cash balances.......................
    1b
    3,559,194
    c
    Fair market value of all other assets (see instructions)................
    1c
    23,148,085
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,770,327
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    41,770,327
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    626,555
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,143,772
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,057,189
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,057,189
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    23,334
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,334
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,033,855
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,033,855
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,033,855
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,272,085
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,272,085
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,272,085
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,033,855
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,268,754
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,272,085
    a Applied to 2017, but not more than line 2a 1,268,754
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 3,331
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		2,030,524
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GARY SHORMAN PRESIDENT
    PO BOX 916
    HAYS,KS67601
    (785) 625-1772
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING REQUESTS AND SUPPORTING MATERIALS AVAILABLE.
    cAny submission deadlines:
    THE BOARD OF DIRECTORS MEET QUARTERLY AND REVIEW APPLICATIONS AT THAT TIME.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE ROBERT E. AND PATRICIA A. SCHMIDT FOUNDATION WAS ESTABLISHED AND IS DEDICATED TO THE PRIMARY PREMISE OF IMPROVING THE QUALITY OF LIFE IN THE COMMUNITY OF HAYS AND ELLIS COUNTY. THIS COMMITMENT SECONDARILY EXTENDS TO THOSE COMMUNITIES WHERE THE SCHMIDT FAMILY HAS OPERATED FARMS AND RANCHES AND OTHER BUSINESS ENTERPRISES IN THE BROADCASTING AND BROADBAND FIELDS. THIS ENHANCEMENT WILL MAINLY BE SUPPORTED IN THESE FOUR AREAS: EDUCATION, HEALTHCARE, THE ARTS, AND ECONOMIC DEVELOPMENT. AFTER THESE NEEDS ARE MET, CONSIDERATION THEN CAN BE GIVEN TO PROJECTS OF MERIT IN THE STATE OF KANSAS AND THE NEEDS IN THE FIELDS OF BROADCASTING AND BROADBAND. NATIONAL AND INTERNATIONAL DISASTERS WILL ALSO BE GIVEN CONSIDERATION AS THEY MIGHT OCCUR.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BIG BROTHERSBIG SISTERS
    1301 PINE
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    BOY SCOUTS OF AMERICA
    644 SOUTH OHIO
    SALINA,KS674020912     		NONE PC CORONADO AREA COUNCIL 2,500
    CANCER COUNCIL OF ELLIS COUNTY
    701 RILEY
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    CATHOLIC CHARITIES OF NORTHERN KS
    PO BOX 1366
    SALINA,KS674021366     		NONE PC SOLAR PROJECT - PLEDGE 3 OF 3 3,333
    CENTER FOR LIFE EXPERIENCE
    205 E 7TH ST SUITE 251
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    CENTER FOR LIFE EXPERIENCE
    205 E 7TH SUITE 251
    HAYS,KS67601     		NONE PC GROWTH AND SERVICES 15,000
    CITY OF HAYS
    PO BOX 490
    HAYS,KS67601     		NONE PC PLEDGE 10 OF 10 - FULFILLS PLEDGE 25,000
    CLAY CO HOSPITAL FOUNDATION
    PO BOX 512
    CLAY CENTER,KS67432     		NONE PC BUILDING FOR A HEALTHY FUTURE CAMPAIGN - PLEDGE 3 OF 5,000
    COMMUNITY ASSISTANCE CENTER
    208 EAST 12TH
    HAYS,KS67601     		NONE PC BUILDING REPAIRS 15,955
    COMMUNITY ASSISTANCE CENTER
    208 EAST 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    COURTNEY-SPALDING CHAPTER
    401 SAINT ANTHONY
    SAINT PETER,KS67650     		NONE PC AT. SOCIETY OF THE DAUGHTERS OF THE AMERICAN REVOLUTION. ATTN: DIANA CROUC 6,744
    DEVELOPMENTAL SERVICES OF NW KANSAS
    PO BOX 310
    HAYS,KS67601     		NONE PC PLEDGE 3 OF 5 25,000
    DREAM INC
    2818 VINE
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    DSNWK
    PO BOX 310
    HAYS,KS67601     		NONE PC REMODEL OF GROUP HOME AT 1547 310TH AVE., VICTORIA 50,000
    EISENHOWER FOUNDATION
    PO BOX 295
    ABILENE,KS67410     		NONE PC CLOUD MANAGED SECURITY & WIRELESS OUTRIGHT PURCHASE - EAGLE COMMUNICATIONS 30,000
    EISENHOWER FOUNDATION
    PO BOX 295
    ABILENE,KS67410     		NONE PC DWIGHT D. EISENHOWER: A LEGACY OF LEADERSHIP CAMPAIGN - PLEDGE IN FULL 10,000
    ELLIS COUNTY 4-H
    601 MAIN ST
    HAYS,KS67601     		NONE PC SCHOLARSHIP & DEVELOPMENT FUND - PLEDGE 4 OF 5 2,000
    ELLIS COUNTY DEVELOPMENT CORP
    2700 VINE ST
    HAYS,KS67601     		NONE PC GROW HAYS 25,000
    ELLIS COUNTY HISTORICAL SOCIETY
    100 W 7TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 1,000
    EMPLOYEE OWNERSHIP FOUNDATION
    1200 18TH ST NW SUITE 1125
    WASHINGTON,DC20036     		NONE PC ESOP FOUNDATION FOUNDERS CHALLENGE 20,000
    FHSU ENDOWMENT ASSOCIATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC SCHOLARSHIP FUND 15,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC LEWIS FIELD VIDEO BOARD - PLEDGE 2 OF 5 32,500
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC FRIENDS OF ENCORE SERIES - SPONSORSHIP OF 2 SHOWS 5,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC ART EDUCATION BUILDING - PATRICIA A. SCHMIDT GALLERY LOBBY 50,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC ATHLETIC DIRECTORS SPECIAL FUND 10,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC FHSU POLICE - SAFE RIDE 10,909
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC PLEDGE FOR NAMING RIGHTS NEW ARTS CENTER (1 OF 10) 300,000
    FIRST CALL FOR HELP OF ELLIS COUNTY
    607 EAST 13TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    FIRST CARE CLINIC
    105 W 13TH
    HAYS,KS67601     		NONE PC RENOVATION & EXPANSION PROJECT - PLEDGE 1 OF 3 100,000
    GIRL SCOUTS OF KS HEARTLAND
    2707 VINE SUITE 8
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 2,500
    HAYS AREA CHILDREN'S CENTER
    94 LEWIS DRIVE
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 2,000
    HAYS ARTS COUNCIL
    112 EAST 11TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    HAYSMED FOUNDATION
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC BEYOND MEDICINE CAMPAIGN - PLEDGE 8 OF 10 50,000
    HIGH PLAINS MENTAL HEALTH CENTER
    208 E 7TH
    HAYS,KS67601     		NONE PC AGRIBUSINESS MENTAL HEALTH INITIATIVE 25,000
    HOLY FAMILY ELEMENTARY
    1800 MILNER
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    HOSPICE OF HAYS
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    KANSAS DAV THRIFT STORE INC
    729 DELAWARE ST
    LEAVENWORTH,KS66048     		NONE PC NEW VAN PURCHASE - HAYS (DISABLED AMERICAN VETERANS) 10,000
    KS ASSOC OF BROADCASTERS FOUNDATION
    214 SW 6TH SUITE 300
    TOPEKA,KS66603     		NONE PC GENERAL OPERATIONS 5,000
    KS COUNCIL FOR ECONOMIC EDUCATION
    1845 FAIRMOUNT ST WSU CAMPUS BOX
    203
    WICHITA,KS67260     		NONE PC GENERAL OPERATIONS 500
    KS STATE HISTORICAL SOCIETY INC
    6425 SW 6TH AVE
    TOPEKA,KS666151099     		NONE PC RE & PA SCHMIDT ENDOWED OPERATIONS FUND FOR FH HISTORICAL SITE - PLEDGE 2 20,000
    LOCUST GROVE VILLAGE
    701 W 6TH
    LACROSSE,KS67548     		NONE PC COMMITMENT TO THE FUTURE CAMPAIGN 50,000
    MARY ELIZABETH FOUNDATION
    PO BOX 132
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 5,000
    NAMI HAYS
    205 E 7TH SUITE 251
    HAYS,KS67601     		NONE PC SUPPORT FOR ANNUAL CONFERENCE & TRAINING 10,000
    NCK TECHNICAL COLLEGE ENDOWMENT
    2205 WHEATLAND
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    NEBRASKA RED CROSS
    705 NELSON DR
    OFFUTT AFV,NE68113     		NONE PC AID FOR FLOODING 10,000
    NEW IMAGES MINISTRIES INC
    PO BOX 71
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 1,000
    SMOKY HILLS PUBLIC TELEVISION
    PO BOX 9
    BUNKER HILL,KS67626     		NONE PC GENERAL OPERATIONS 5,000
    ST JOSEPH'S CATHOLIC CHURCH
    210 W 13TH
    HAYS,KS67601     		NONE PC DEMOLITION OF PROPERTY - PLEDGE 5 OF 5 - FULFILLS PLEDGE 60,000
    ST JOE MO AGRICULTURAL EXPO CENTER
    224 N 7TH ST
    ST JOSEPH,MO64501     		NONE PC AGRI-BUSINESS EXPO CENTER - PLEDGE 4 OF 5 25,000
    TMP-MARIAN ACE AUCTION
    1701 HALL ST
    HAYS,KS67601     		NONE PC PENNY DONOR 2019 ACE AUCTION 2,600
    TMP-MARIAN
    1701 HALL
    HAYS,KS67601     		NONE PC CENTER FOR ADVANCEMENT 25,000
    UNITED WAY OF ELLIS COUNTY
    205 E 7TH 111
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    UNITED WAY OF ELLIS COUNTY
    205 E 7TH SUITE 111 PO BOX 367
    HAYS,KS67601     		NONE PC CONTRIBUTION TO REACH GOAL 53,544
    VALLEY HOPE FOUNDATION
    PO BOX 59
    NORTON,KS67654     		NONE PC GENERAL OPERATIONS 50,000
    Total .................................bullet 3a 1,272,085
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 402,239  
    4 Dividends and interest from securities....     14 607,078  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 136,746  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -94,003  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 211110 3,524      
    11 Other revenue:
    aTRICO FUND II     		    18 167,722  
    bTRICO FUND II 900001 679      
    cCOACHMAN ENERGY II, LLC     18 -411  
    dCOACHMAN ENERGY II, LLC 900001 -1,713      
    eNORCAP DIVERSIFIED PREMIUM FUND     18 164,501  
    fNORCAP EQUITY PLUS FUND     18 179,548  
    gNORCAP EQUITY PLUS FUND 900001 501      
    hQR INC. LLC     18 21,507  
    iQR INC. LLC 310000 -4,450      
    jGELLAS 722100 584      
    kGELLAS     18 -139  
    lSWAMP ANGEL ENGERY, LLC     18 1  
    mSWAMP ANGEL ENGERY, LLC 900001 -54      
    nCONESTOGA ENERGY HOLDINGS     18 -90  
    oCONESTOGA ENERGY HOLDINGS 900001 56      
    pTRUDE FUND II, LLC     18 -11,899  
    qTRUDE FUND II, LLC 900001 -4,429      
    rTRUDE FUND III, LLC     18 -4,897  
    sTRUDE FUND III, LLC 900001 -2,289      
    12 Subtotal. Add columns (b), (d), and (e).. -7,591 1,567,903 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,560,312
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    7 INVESTMENTS IN LOCAL PARTNERSHIPS TO PROVIDE REVENUES FOR THE ADVANCEMENT OF THE FOUNDATION'S PURPOSE
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
     
    Employer identification number

    48-1077463
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
          		Employer identification number
    48-1077463
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ROBERT E SCHMIDT ESTATE  
    1011 WEST 27TH SUITE F-2
     
    HAYS, KS67601

    		$ 6,693,362


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
          		Employer identification number

    48-1077463
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CONTRIBUTIONS OF STOCKS, RETIREMENT, AND INVESTMENT ACCOUNTS AS OF DATE OF DEATH. $ 6,693,362 2018-12-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
          		Employer identification number

    48-1077463
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 77,111 77,111   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    GELLA'S RESTAURANT BUILDING 2012-09-14 1,001,273 404,544 SL 15.000000000000 66,752 0    
    COMEAU DOWNTOWN RENTAL BUILDING 2013-03-28 677,198 95,835 SL 39.000000000000 17,364 0    
    ORANGE PEELER ROAD GRADER 2017-08-08 1,000 143 SL 7.000000000000 143 0    
    JOHN DEERE BLACK BLADE 2017-08-08 200 29 SL 7.000000000000 29 0    
    MARTY J 2300 LAWN MOWER 2017-08-08 7,500 1,071 SL 7.000000000000 1,071 0    
    MARTY J 1800 LAWN MOWER 2017-08-08 2,500 357 SL 7.000000000000 357 0    
    STIHL CHAINSAW 2017-08-08 150 21 SL 7.000000000000 21 0    
    STIHL CHAINSAW 2017-08-08 250 36 SL 7.000000000000 36 0    
    HONDA 4CYCLE WEEDEATER 2017-08-08 100 14 SL 7.000000000000 14 0    
    RYOBI 4CYCLE WEEDEATER ATTACHMENTS 2017-08-08 250 36 SL 7.000000000000 36 0    
    PUSH HONDA WEEDEATER 2017-08-08 200 29 SL 7.000000000000 29 0    
    LOG SPLITTER 2017-08-08 1,500 214 SL 7.000000000000 214 0    
    TREE CUTTER/SKID STEER 2017-08-08 2,500 357 SL 7.000000000000 357 0    
    FIREPLACE INSERT 2017-08-08 1,500 214 SL 7.000000000000 214 0    
    GOLF CART 2017-08-08 300 43 SL 7.000000000000 43 0    
    CARRIAGE 2017-08-08 100 14 SL 7.000000000000 14 0    
    121 E 11TH, HAYS 2019-10-18 91,000   SL 39.000000000000 194 0    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EDWARD JONES 5,517,608 5,843,467
    RAYMOND JAMES CORPORATE STOCKS 8,251,046 10,631,780

    TY 2018 InvestmentsLandSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    GELLA'S RESTAURANT BUILDING 1,001,273 471,296 529,977  
    COMEAU DOWNTOWN RENTAL BUILDING 677,198 113,199 563,999  
    ORANGE PEELER ROAD GRADER 1,000 286 714  
    JOHN DEERE BLACK BLADE 200 58 142  
    MARTY J 2300 LAWN MOWER 7,500 2,142 5,358  
    MARTY J 1800 LAWN MOWER 2,500 714 1,786  
    STIHL CHAINSAW 150 42 108  
    STIHL CHAINSAW 250 72 178  
    HONDA 4CYCLE WEEDEATER 100 28 72  
    RYOBI 4CYCLE WEEDEATER ATTACHMENTS 250 72 178  
    PUSH HONDA WEEDEATER 200 58 142  
    LOG SPLITTER 1,500 428 1,072  
    TREE CUTTER/SKID STEER 2,500 714 1,786  
    FIREPLACE INSERT 1,500 428 1,072  
    GOLF CART 300 86 214  
    CARRIAGE 100 28 72  
    121 E 11TH, HAYS 91,000 194 90,806  

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORCAP DIVERSIFIED PREMIUM FUNDS AT COST 1,000,156 1,000,156
    NORCAP EQUITY PLUS FUND AT COST 1,326,234 1,326,234
    COACHMAN ENERGY II, LLC AT COST 9,186 9,186
    QR, INC. AT COST 772,358 772,358
    GELLA'S AT COST 141,436 141,436
    BANK OF HAYS (155 SHARES) AT COST 1,626,095 1,626,095
    TRUDE FUND II, LLC AT COST 94,672 94,672
    TRICO FUND II, LLC AT COST 344,567 344,567
    TRUDE FUND III, LLC AT COST 55,314 55,314
    IONICS LIFE SCIENCE LIMITED AT COST 1,000,000 1,000,000
    US ALLIANCE CORP AT COST 14,000 14,000
    AGRAMARKE QUALITY GRAINS INC AT COST 48,000 48,000
    CONESTOGA ENERGY HOLDINGS, LLLC AT COST 279,553 279,553
    THERIO, LLC AT COST 461,538 461,538
    WESTERN PLAINS ENERY, LLC AT COST 269,700 269,700

    TY 2018 OtherAssetsSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FARM LAND (CRP RENTED AND LEASED FOR OIL) 2,746,397 2,746,397 2,746,397
    FARM LAND (RUSSELL COUNTY LAND & IMPROVEMENTS) 931,703 931,703 931,703
    FARM LAND (RUSSELL COUNTY LAND - "DUMLER" GROUND) 752,900 752,900 752,900
    FARM LAND (KIOWA COUNTY, COLORADO FARM LAND) 97,790 97,790 97,790
    MIDWEST ENERGY CAPITAL CREDITS 293 4,186 4,186
    MINERAL INTERESTS (KIOWA COUNTY, COLORADO) 4,142 4,142 4,142
    LIGHTHOUSE ELECTRIC CAPITAL CREDITS 4,008 3,144 3,144
    TRICO FUND II, LLC -7,534 0 0
    GET 'ER DONE, LLC -1,736 0 0
    ELLIS COUNTY, KS MINERAL INTERESTS 0 44,504 44,504
    ROOKS COUNTY, KS MINERAL INTERESTS 0 2,592 2,592
    TREGO COUNTY, KS MINERAL INTERESTS 0 159,000 159,000
    SWEET WATER RANCH LAND 0 2,299,019 2,299,019
    DREIILNG TRUST LAND 0 866,162 866,162
    SWAMP ANGEL ENERGY, LLC 0 -53 -53


    TY 2018 OtherExpensesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 54,255 54,255   0
    FARM EXPENSES 42,538 42,538   0


    TY 2018 OtherIncomeSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TRICO FUND II 167,722 167,722 167,722
    TRICO FUND II 679   679
    COACHMAN ENERGY II, LLC -411 -411 -411
    COACHMAN ENERGY II, LLC -1,713   -1,713
    NORCAP DIVERSIFIED PREMIUM FUND 164,501 164,501 164,501
    NORCAP EQUITY PLUS FUND 179,548 179,548 179,548
    NORCAP EQUITY PLUS FUND 501   501
    QR INC. LLC 21,507 21,507 21,507
    QR INC. LLC -4,450   -4,450
    GELLAS 584   584
    GELLAS -139 -139 -139
    SWAMP ANGEL ENGERY, LLC 1 1 1
    SWAMP ANGEL ENGERY, LLC -54   -54
    CONESTOGA ENERGY HOLDINGS -90 -90 -90
    CONESTOGA ENERGY HOLDINGS 56   56
    TRUDE FUND II, LLC -11,899 -11,899 -11,899
    TRUDE FUND II, LLC -4,429   -4,429
    TRUDE FUND III, LLC -4,897 -4,897 -4,897
    TRUDE FUND III, LLC -2,289   -2,289


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE FEES 88,602 88,602   0


    TY 2018 TaxesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATION
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX FOR F/Y 11.30.18 6,610 0   0
    ESTIMATED INCOME TAXES FOR F/Y 11.30.19 42,000 0   0
    FOREIGN WITHHOLDING 339 339   0