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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 12-01-2021 , and ending 11-30-2022
Name of foundation
ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
 
Number and street (or P.O. box number if mail is not delivered to street address)1011 W 27TH ST F-2 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$73,311,253J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 244,405 244,405  
4 Dividends and interest from securities... 1,300,117 1,300,117  
5a Gross rents............ 285,207 285,207  
b Net rental income or (loss) 134,524
6a Net gain or (loss) from sale of assets not on line 10 1,463,148
b Gross sales price for all assets on line 6a 31,562,586
7 Capital gain net income (from Part IV, line 2)... 1,463,148
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 1,117,668
b Less: Cost of goods sold.... 487,360
c Gross profit or (loss) (attach schedule)..... 630,308  
11 Other income (attach schedule)....... Click to see attachment 256,712 39,046  
12 Total. Add lines 1 through 11........ 4,179,897 3,331,923  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 226,000 226,000   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 148,411 119,851   0
c Other professional fees (attach schedule).... Click to see attachment 225,805 225,805   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,414 16,414   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 91,760 91,760  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 266,138 266,138   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 974,528 945,968   0
25 Contributions, gifts, grants paid....... 3,602,800 3,602,800
26 Total expenses and disbursements. Add lines 24 and 25 4,577,328 945,968   3,602,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -397,431
b Net investment income (if negative, enter -0-) 2,385,955
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 10,322,049 6,366,157 6,366,157
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) bullet4,400,000
Less: allowance for doubtful accounts bullet0 5,200,000 4,400,000 4,400,000
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)....... 32,550,496 Click to see attachment36,288,956 45,017,734
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,517,871
Less: accumulated depreciation (attach schedule) bullet853,243 1,019,622 Click to see attachment1,664,628 2,504,400
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,638,781 Click to see attachment5,559,984 6,557,030
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,911,443 Click to see attachment7,911,119 Click to see attachment8,465,932
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 62,642,391 62,190,844 73,311,253
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 62,642,391 62,190,844
29 Total net assets or fund balances (see instructions)..... 62,642,391 62,190,844
30 Total liabilities and net assets/fund balances (see instructions). 62,642,391 62,190,844
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
62,642,391
2
Enter amount from Part I, line 27a .....................
2
-397,431
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
62,244,960
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
54,116
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
62,190,844
Form 990-PF (2021)
Form 990-PF (2021)
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
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 31,561,124   30,099,438 1,461,686
b 1,462     1,462
c
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       1,461,686
b       1,462
c
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 1,463,148
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 33,165
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 33,165
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 34,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 34,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 17
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 10 818
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet818 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
     
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    10.00     		79,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    JOSEPH W JETER TRUSTEE
    5.00     		49,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    RANDY WALKER TRUSTEE
    5.00     		49,000 0 0
    1011 WEST 27TH F-3
    HAYS,KS67601
    KURT DAVID TRUSTEE
    5.00     		49,000 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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    46,158,585
    b
    Average of monthly cash balances.......................
    1b
    11,425,694
    c
    Fair market value of all other assets (see instructions)................
    1c
    21,931,904
    d
    Total (add lines 1a, b, and c).........................
    1d
    79,516,183
    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
    79,516,183
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,192,743
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    78,323,440
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,916,172
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    3,916,172
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    33,165
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    63,448
    c
    Add lines 2a and 2b............................
    2c
    96,613
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,819,559
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,819,559
    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 XII, line 1 ...
    7
    3,819,559
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,819,559
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,586,678
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,602,800
    a Applied to 2020, but not more than line 2a 3,586,678
    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 2021 distributable amount..... 16,122
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		3,803,437
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ABILENE & SMOKY VALLEY
    PO BOX 744
    ABILENE,KS67410     		NONE PC RAILROAD ASSOCIATION 30,000
    AD ASTRA MUSIC FESTIVAL
    PO BOX 176
    RUSSELL,KS67665     		NONE PC GENERAL OPERATIONS 5,000
    ALLIANCE RECREATION CENTER
    PO BOX 602
    ALLIANCE,NE69301     		NONE PC GENERAL OPERATIONS 15,000
    ALLIED ARTS COUNCIL OF ST JOSEPH MO
    118 S 8TH ST
    ST JOSEPH,MO64501     		NONE PC GENERAL OPERATIONS 10,000
    AMERICAN RED CROSS
    707 N MAIN
    WICHITA,KS67203     		NONE PC GENERAL OPERATIONS 20,000
    AMERICAN RED CROSS
    707 N MAIN
    WICHITA,KS67203     		NONE PC HURRICAN IAN AID 25,000
    BARTON COMMUNITY COLLEGE FOUNDATION
    245 NE 30 RD
    GREAT BEND,KS67530     		NONE PC GENERAL OPERATIONS 50,000
    BE ABLE INC
    1320 HOUSTON ST
    MANHATTAN,KS66502     		NONE PC GENERAL OPERATIONS 1,000
    BIG BROTHERS BIG SISTERS
    1200 MAINSUITE 102
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    CAMP QUALITY NWMO
    1325 VILLAGE DR
    ST JOSEPH,MO64506     		NONE PC KIDS WITH CANCER 1,000
    CANCER COUNCIL OF ELLIS COUNTY
    701 RILEY
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    CASA OF THE HIGH PLAINS
    107 W 13TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 1,000
    CATHOLIC CHARITIES OF NORTHERN KS
    PO BOX 1366
    SALINA,KS67402     		NONE PC GENERAL OPERATIONS 30,000
    CENTER FOR LIFE EXPERIENCE
    103 C EAST 27TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 30,000
    CHADRON COMMUNITY FOUNDATION
    PO BOX 447
    CHADRON,NE69337     		NONE PC GENERAL OPERATIONS 1,200
    CHADRON STATE FOUNDATION
    PO BOX 1210
    CHADRON,NE69337     		NONE PC GENERAL OPERATIONS 50,000
    COMM FOUND OF NORTHWEST MISSOURI
    1006 W ST MAARTENS DR STE B
    ST JOSEPH,MO64506     		NONE PC CHRISTMAS FOR KIDS TOY DRIVE 1,500
    COMMUNITY ASSISTANCE CENTER
    208 EAST 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    COMMUNITY ASSISTANCE CENTER
    208 EAST 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    CPRF OF KANSAS INC
    PO BOX 8217
    WICHITA,KS67208     		NONE PC GENERAL OPERATIONS 20,000
    CREATIVITY UNLIMITED ARTS COUNCIL
    416 N JEFFERS
    NORTH PLATTE,NE69101     		NONE PC PRAIRIE ARTS CENTER 1,000
    DREAM INC
    2818 VINE ST
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    DSNWK
    PO BOX 310
    HAYS,KS67601     		NONE PC PLEDGE IN FULL 170,000
    DSNWK
    PO BOX 310
    HAYS,KS67601     		NONE PC A NIGHT OF INSPIRATION 2,500
    EISENHOWER FOUNDATION
    PO BOX 295
    ABILENE,KS67410     		NONE PC GENERAL OPERATIONS 30,000
    ELLIS CO DEVELOPMENT CORP
    2700 VINE ST
    HAYS,KS67601     		NONE PC GROW HAYS 25,000
    ELLIS CO HISTORICAL SOCIETY
    1011 W 27TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    EMPLOYEE OWNERSHIP FOUNDATION
    1200 18TH ST NW SUITE 125
    WASHINGTON,DC20036     		NONE PC FOUNDERS CHALLENGE (4 OF 5) 20,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC GEN. SCHOLARSHIPS $15,000; ENCORE $10,000; ATHLETIC DIRECTOR FUND $10,000 35,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC SHOTGUN TEAM/KELLOGG TRAINING CENTER 20,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC CENTER FOR ART & DESIGN (4 OF 10) 250,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC FOOTBALL FACILITY 500,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC SCHMIDT FOUNDATION SCHOLARS - 2023 PLEDGE 300,000
    FHSU FOUNDATION
    PO BOX 1060
    HAYS,KS67601     		NONE PC FOOTBALL FACILITY 500,000
    FRIENDS OF SUNSET ZOO INC
    2333 OAK ST
    MANHATTAN,KS66502     		NONE PC GENERAL OPERATIONS 5,000
    GOLDEN BELT HUMANE SOCIETY
    151 S HWY 281
    GREAT BEND,KS67530     		NONE PC GENERAL OPERATIONS 1,000
    GREAT BEND RECREATION COMMISSION
    1214 STONE ST
    GREAT BEND,KS67530     		NONE PC FOUNDATION 50,000
    GROW HAYS INC
    219 W 10TH ST
    HAYS,KS67601     		NONE PC IMAGINE ELLIS CO. PROJECT 50,000
    HAYS ARTS COUNCIL
    112 EAST 11TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    HAYS MED FOUNDATION
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 400
    HAYS MED FOUNDATION
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    HAYS MED FOUNDATION
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC BREAST CENTER NURSE NAVIGATOR 40,000
    HAYS PUBLIC LIBRARY
    1205 MAIN
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    HAYS REC COMMISSION FOUNDATION
    1105 CANTERBURY DR
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 12,000
    HAYS SENIOR CENTER
    PO BOX 483
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 2,500
    HIGH PLAINS MENTAL HEALTH CENTER
    208 EAST 7TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 50,000
    HOPE-ESPERANZA
    5258 E STATE FARM RD
    NORTH PLATTE,NE69101     		NONE PC GENERAL OPERATIONS 10,000
    HOSPICE OF HAYS
    2220 CANTERBURY DR
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    HUTCHINSON COMM COLLEGE
    1300 NORTH PLUM
    HUTCHINSON,KS67501     		NONE PC ENDOWMENT ASSOCIATION 50,000
    IMMACULATE HEART OF MARY PARISH
    1805 VINE
    HAYS,KS67601     		NONE PC UNIFY, BEAUTIFY, GLORIFY 1,000
    KANSAS ST HISTORICAL SOCIETY
    6425 SW 6TH AVE
    TOPEKA,KS666151099     		NONE PC FORT HAYS HISTORICAL SITE 20,000
    KANSAS ST UNIVERSITY FOUNDATION
    1800 KIMBALL AVE SUITE 200
    MANHATTAN,KS66502     		NONE PC GENERAL OPERATIONS 50,000
    KANSAS WESLEYAN UNIVERSITY
    100 EAST CLAFLIN AVE
    SALINA,KS67401     		NONE PC GENERAL OPERATIONS 50,000
    KEITH COUNTY AREA DEVELOPMENT
    PO BOX 478
    OGALLALA,NE69153     		NONE PC GENERAL OPERATIONS 25,000
    KIDS WITH COURAGE
    PO BOX 7034
    LEES SUMMIT,MO640647034     		NONE PC GENERAL OPERATIONS 1,000
    KVC FOUNDATION
    21350 W 153RD ST
    OLATHE,KS66061     		NONE PC CAMBER MENTAL HEALTH (1 OF 4) 250,000
    MAIZE HIGH SCHOOL BOOSTER CLUB
    11600 W 45TH ST NORTH
    MAIZE,KS67601     		NONE PC GENERAL OPERATIONS 1,000
    MANHATTAN COMMUNITY FOUNDATION
    555 POYNTZ
    MANHATTAN,KS66502     		NONE PC GENERAL OPERATIONS 50,000
    MISSOURI WESTERN STATE
    4525 DOWNS DR SPRATT 110
    ST JOE,MO64507     		NONE PC UNIVERISTY FOUNDATION 50,000
    NAFB FOUNDATION
    1100 PLATTE FALLS RD
    PLATTE CITY,MO64079     		NONE PC GENERAL OPERATIONS 10,000
    NAMI HAYS
    103 EAST 27TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    NATIONAL CHILD SAFETY COUNCIL
    105 W 12TH
    HAYS,KS67601     		NONE PC CHILD SAFETY & DRUG PROGRAM 500
    NCK TECHNICAL COLLEGE
    2205 WHEATLAND AVE
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 50,000
    NORTH PLATTE AREA HABITAT FOR HUMANITY
    PO BOX 1785
    NORTH PLATTE,NE69103     		NONE PC GENERAL OPERATIONS 1,000
    NORTH PLATTE CHAMBER AMBASSODORS
    502 S DEWEY ST
    NORTH PLATTE,NE69101     		NONE PC GENERAL OPERATIONS 30,000
    NORTH PLATTE COMM COLLEGE FOUNDATION
    601 W STATE FARM RD
    NORTH PLATEE,NE69101     		NONE PC GENERAL OPERATIONS 50,000
    OPTIONS DOMESTIC & SEXUAL VIOLENCE
    2716 PLAZA AVE
    HAYS,KS67544     		NONE PC OUTREACH PROJECT 30,000
    OPTIONS DOMESTIC & SEXUAL VIOLENCE
    2716 PLAZA AVE
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 10,000
    RAILROAD MUSEUM OF ELLIS KANSAS
    PO BOX 82
    ELLIS,KS67637     		NONE PC GENERAL OPERATIONS 10,000
    RUSH CO MEMORIAL HOSPITAL FOUNDATIN
    PO BOX 520
    LA CROSSE,KS67548     		NONE PC INTERMEDIATE SWING BED PROJECT 65,000
    SALINA CHAMBER FOUNDATION
    120 W ASH
    SALINA,KS67401     		NONE PC GENERAL OPERATIONS 50,000
    ST JDC CHARITABLE FUND
    3003 FREDERICK AVE
    ST JOSEPH,MO64506     		NONE PC GENERAL OPERATIONS 40,000
    SYMPHONY IN THE FLINT HILLS
    PO BOX 370
    COTTONWOOD FALLS,KS66845     		NONE PC GENERAL OPERATIONS 25,000
    TMP-MARIAN
    1701 HALL STREET
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 25,000
    TMP-MARIAN
    1701 HALL
    HAYS,KS67601     		NONE PC ACE PENNY DONATION 2,700
    TMP-MARIAN
    1701 HALL
    HAYS,KS67601     		NONE PC KEN BRAUN MEMORIAL 1,000
    UNITED WAY OF ELLIS COUNTY
    205 E 7TH 111
    HAYS,KS67601     		NONE PC TARDEADA - COMMUNITY LATE FEST 2,000
    UNITED WAY OF ELLIS COUNTY
    205 E 7TH 111
    HAYS,KS67601     		NONE PC WONDER WOMEN 5,000
    UNITED WAY OF ELLIS COUNTY
    205 E 7TH 111
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 25,000
    UNITED WAY OF RENO COUNTY
    924 NORTH MAIN
    HUTCHINSON,KS67501     		NONE PC GENERAL OPERATIONS 50,000
    USD 388 EDUCATION FOUNDATION
    PO BOX 257
    ELLIS,KS67637     		NONE PC CARING FOR KIDS 3,000
    USD 489 FOUNDATION
    323 W 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 20,000
    USD 489 FOUNDATION
    323 W 12TH
    HAYS,KS67601     		NONE PC WESTSIDE ALTERNATIVE SCHOOL LUNCH PROGRAM 11,000
    USD 489 FOUNDATION
    323 W 12TH
    HAYS,KS67601     		NONE PC HAYS HIGH HALL OF FAME SCHOLARSHIP 10,000
    USD 489 FOUNDATION
    323 W 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 1,000
    USD 489 FOUNDATION
    323 W 12TH
    HAYS,KS67601     		NONE PC GENERAL OPERATIONS 1,500
    VOICE OF THE MARTYRS
    1815 SE BISON RD
    BARTLESVILLE,OK74006     		NONE PC DWAINE SHORMAN MEMORIAL 1,000
    Total .................................bullet 3a 3,602,800
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 244,405  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 134,524  
    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 1,463,148  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 211110 630,308      
    11 Other revenue:
    aTRICO FUND II     		900001     2,280  
    bNORCAP DIVERSIFIED PREMIUM FUND     18    
    cNORCAP EQUITY PLUS FUND     18    
    dGELLAS       648  
    eCONESTOGA ENERGY HOLDINGS 900001     51,706  
    fTRUDE FUND II, LLC 900001     -14,605  
    gTRUDE FUND III, LLC 900001     -2,043  
    hCAPITAL CREDITS       531  
    iBT OIL 900001     5,987  
    jWESTERN PLAINS ENERGY 900001     73,838  
    kTHERIO, LLC 900001     -117  
    lSALE OF 121 E 11TH       6,845  
    mSALE OF UBIT ASSETS 900001   18 99,972  
    nROYALTIES       31,670  
    12 Subtotal. Add columns (b), (d), and (e) .. 630,308 3,398,906 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,029,214
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 148,411 119,851   0

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

    TY 2021 DepreciationSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    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 1,001,273 604,800 SL 15.000000000000 66,752 0    
    COMEAU DOWNTOWN RENTAL BUILDING 2013-03-28 677,198 147,927 SL 39.000000000000 17,364 0    
    ORANGE PEELER ROAD GRADER 2017-08-08 1,000 572 SL 7.000000000000 143 0    
    JOHN DEERE BLACK BLADE 2017-08-08 200 116 SL 7.000000000000 29 0    
    MARTY J 2300 LAWN MOWER 2017-08-08 7,500 4,284 SL 7.000000000000 1,071 0    
    MARTY J 1800 LAWN MOWER 2017-08-08 2,500 1,428 SL 7.000000000000 357 0    
    STIHL CHAINSAW 2017-08-08 150 84 SL 7.000000000000 21 0    
    STIHL CHAINSAW 2017-08-08 250 144 SL 7.000000000000 36 0    
    HONDA 4CYCLE WEEDEATER 2017-08-08 100 56 SL 7.000000000000 14 0    
    RYOBI 4CYCLE WEEDEATER ATTACHMENTS 2017-08-08 250 144 SL 7.000000000000 36 0    
    PUSH HONDA WEEDEATER 2017-08-08 200 116 SL 7.000000000000 29 0    
    LOG SPLITTER 2017-08-08 1,500 856 SL 7.000000000000 214 0    
    TREE CUTTER/SKID STEER 2017-08-08 2,500 1,428 SL 7.000000000000 357 0    
    FIREPLACE INSERT 2017-08-08 1,500 856 SL 7.000000000000 214 0    
    GOLF CART 2017-08-08 300 172 SL 7.000000000000 43 0    
    CARRIAGE 2017-08-08 100 56 SL 7.000000000000 14 0    
    121 E 11TH, HAYS 2019-10-18 91,000 4,860 SL 39.000000000000 1,556 0    
    1011 W 27TH ST - FOUNDATION OFFICE BUILDING 2022-09-30 821,350   SL 39.000000000000 3,510 0    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EDWARD JONES 5,409,329 5,719,661
    RAYMOND JAMES CORPORATE STOCKS 30,879,627 39,298,073

    TY 2021 InvestmentsLandSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    GELLA'S RESTAURANT BUILDING 1,001,273 671,552 329,721  
    COMEAU DOWNTOWN RENTAL BUILDING 677,198 165,291 511,907  
    ORANGE PEELER ROAD GRADER 1,000 715 285  
    JOHN DEERE BLACK BLADE 200 145 55  
    MARTY J 2300 LAWN MOWER 7,500 5,355 2,145  
    MARTY J 1800 LAWN MOWER 2,500 1,785 715  
    STIHL CHAINSAW 150 105 45  
    STIHL CHAINSAW 250 180 70  
    HONDA 4CYCLE WEEDEATER 100 70 30  
    RYOBI 4CYCLE WEEDEATER ATTACHMENTS 250 180 70  
    PUSH HONDA WEEDEATER 200 145 55  
    LOG SPLITTER 1,500 1,070 430  
    TREE CUTTER/SKID STEER 2,500 1,785 715  
    FIREPLACE INSERT 1,500 1,070 430  
    GOLF CART 300 215 85  
    CARRIAGE 100 70 30  
    1011 W 27TH ST - FOUNDATION OFFICE BUILDING 821,350 3,510 817,840  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GELLA'S AT COST 142,095 142,095
    BANK OF HAYS (155 SHARES) AT COST 1,626,095 1,626,095
    TRUDE FUND II, LLC AT COST 70,387 70,387
    TRICO FUND II, LLC AT COST 317,687 317,687
    TRUDE FUND III, LLC AT COST 48,283 48,283
    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 258,300 258,300
    THERIO, LLC AT COST 461,067 461,067
    WESTERN PLAINS ENERY, LLC AT COST 261,203 261,203
    BT OIL, LLC AT COST 229,698 229,698
    RESPAS AT COST 1,083,169 2,080,215

    TY 2021 OtherAssetsSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    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 3,301,210
    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 4,186 4,186 4,186
    MINERAL INTERESTS (KIOWA COUNTY, COLORADO) 4,187 4,242 4,242
    LIGHTHOUSE ELECTRIC CAPITAL CREDITS 3,003 2,624 2,624
    ELLIS COUNTY, KS MINERAL INTERESTS 44,504 44,504 44,504
    ROOKS COUNTY, KS MINERAL INTERESTS 2,592 2,592 2,592
    TREGO COUNTY, KS MINERAL INTERESTS 159,000 159,000 159,000
    SWEET WATER RANCH LAND 2,299,019 2,299,019 2,299,019
    DREIILNG TRUST LAND 866,162 866,162 866,162


    TY 2021 OtherDecreasesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Description Amount
    INCOME TAX EXPENSE 54,116


    TY 2021 OtherExpensesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 131,869 131,869   0
    FARM EXPENSES 134,269 134,269   0


    TY 2021 OtherIncomeSchedule2
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TRICO FUND II 2,280   2,280
    GELLAS 648   648
    CONESTOGA ENERGY HOLDINGS 51,706   51,706
    TRUDE FUND II, LLC -14,605   -14,605
    TRUDE FUND III, LLC -2,043   -2,043
    CAPITAL CREDITS 531 531 531
    BT OIL 5,987   5,987
    WESTERN PLAINS ENERGY 73,838   73,838
    THERIO, LLC -117   -117
    SALE OF 121 E 11TH 6,845 6,845 6,845
    SALE OF UBIT ASSETS 99,972   99,972
    ROYALTIES 31,670 31,670 31,670


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKERAGE FEES 225,805 225,805   0


    TY 2021 TaxesSchedule
    Name:
    ROBERT E AND PATRICIA SCHMIDT FOUNDATIO
    EIN:
    48-1077463
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 16,414 16,414   0