Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
WILLIAM E SCHMIDT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 6783
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EVANSVILLE, IN477190783
A Employer identification number

35-1884241
B Telephone number (see instructions)

(812) 464-9161
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,548,866J 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 right arrow.............
3 Interest on savings and temporary cash investments 3,950 3,950  
4 Dividends and interest from securities... 786,940 786,940  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,204,406
b Gross sales price for all assets on line 6a 8,050,074
7 Capital gain net income (from Part IV, line 2)... 1,204,406
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
246,767 201,448  
12 Total. Add lines 1 through 11........ 2,242,063 2,196,744  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,000 11,200   44,800
14 Other employee salaries and wages...... 199,681 0   199,681
15 Pension plans, employee benefits....... 24,919 0   24,918
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
61,816 9,595   52,221
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
45,412 3,600   41,812
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
57,806 0   17,202
19 Depreciation (attach schedule) and depletion... 1,412 1,412  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,295,697 142,331   1,153,369
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,742,743 168,138   1,534,003
25 Contributions, gifts, grants paid....... 447,975 447,975
26 Total expenses and disbursements. Add lines 24 and 25 2,190,718 168,138   1,981,978
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 51,345
b Net investment income (if negative, enter -0-) 2,028,606
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 401,183 672,725 672,725
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow114,230
Less: allowance for doubtful accounts right arrow0 146,275 114,230 114,230
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)....... 17,266,532 Click to see attachment
List of Attached Documents:
// Content
16,173,924 		26,447,662
c Investments—corporate bonds (attach schedule)....... 16,200,493 Click to see attachment
List of Attached Documents:
// Content
17,119,684 		17,247,187
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow10,476
Less: accumulated depreciation (attach schedule) right arrow7,305 4,583 3,171 3,171
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
70,219 		Click to see attachment
List of Attached Documents:
// Content
63,891 		Click to see attachment
List of Attached Documents:
// Content
63,891
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,089,285 34,147,625 44,548,866
Liabilities 17 Accounts payable and accrued expenses.......... 880 7,530
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
7,763 		Click to see attachment
List of Attached Documents:
// Content
8,108
23 Total liabilities (add lines 17 through 22)......... 8,643 15,638
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 34,080,642 34,131,987
29 Total net assets or fund balances (see instructions)..... 34,080,642 34,131,987
30 Total liabilities and net assets/fund balances (see instructions). 34,089,285 34,147,625
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
34,080,642
2
Enter amount from Part I, line 27a .....................
2
51,345
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,131,987
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
34,131,987
Form 990-PF (2023)
Form 990-PF (2023)
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 US TREASURY NOTE P 2022-01-01 2023-02-28
b UNITED STATES TREAS NTS P 2022-01-01 2023-05-01
c WALMART INC P 2022-01-01 2023-06-26
d UNITED STATES TREAS NTS P 2022-01-01 2023-06-30
e VANGUARD 500 INDEX FUND ADMIRAL P 2022-01-01 2023-07-24
UNITED STATES TREAS NTS P 2022-01-01 2023-07-31
PROCTER & GAMBLE CO P 2022-01-01 2023-08-15
UNITED STATES TREAS NTS P 2022-01-01 2023-08-15
US TREASURY NOTE P 2022-01-01 2023-10-02
UNITED STATES TREAS NTS P 2023-01-01 2023-10-13
US TREASURY NOTE P 2022-01-01 2023-10-31
US TREASURY BILL P 2022-01-01 2023-11-30
US TREASURY NOTE P 2022-01-01 2023-11-30
MICROSOFT CORP NT P 2022-01-01 2023-12-15
ADOBE SYSTEMS INCORPORATED COM P 2022-06-10 2023-06-08
AIRBNB INC COM P 2022-11-17 2023-07-17
ALPHABET INC CAP P 2022-04-20 2023-03-29
BANK OF NEW YORK MELLON CORP P 2022-04-14 2023-03-17
BLACKSTONE INC P 2023-04-13 2023-02-02
CARMAX INC P 2022-10-07 2023-10-05
INVESCO EXCHANGE TRADED FD P 2022-05-05 2023-02-02
MATCH GROUP INC P 2022-08-03 2023-07-14
META PLATFORMS INC P 2022-10-27 2023-01-20
MITEK SYSTEMS INC P 2022-05-02 2023-03-20
MORGAN STANLEY P 2022-06-30 2023-02-01
PIONEER NATURAL RESOURCES P 2023-05-18 2023-11-02
SPDR S&P 500 ETF P 2022-03-25 2023-02-01
ADOBE INC P 2022-06-10 2023-07-13
ALPHABET INC CAP P 2022-05-10 2023-11-14
BLACKSTONE INC P 2022-05-09 2023-12-14
EOG RESOURCES P 2022-04-25 2023-08-16
HOME DEPOT INC P 2022-04-26 2023-12-04
INVESCO EXCHANGE TRADED FD P 2022-05-05 2023-07-27
META PLATFORMS INC P 2022-10-27 2023-11-14
SPDR S&P 500 ETF P 2022-03-28 2023-12-14
WORKDAY INC P 2022-08-26 2023-11-29
CALL ABNB P 2023-11-28 2023-11-29
CALL AN P 2023-04-20 2023-04-21
CALL AN P 2023-11-02 2023-11-03
CALL BX P 2023-01-25 2023-01-26
CALL GOOGL P 2023-11-14 2023-11-05
CALL HD P 2023-01-04 2023-01-05
CALL HD P 2023-11-14 2023-11-15
CALL KMX P 2023-03-20 2023-03-21
CALL KMX P 2023-10-05 2023-10-06
CALL META P 2023-11-14 2023-11-15
CALL MTCH P 2023-11-02 2023-11-03
CALL SPY P 2023-03-20 2023-03-21
CALL SPY P 2023-02-28 2023-03-01
CALL SPY P 2023-10-05 2023-10-06
CALL SPY P 2023-10-30 2023-10-31
CALL SPY P 2023-09-25 2023-09-26
CALL UPS P 2023-11-02 2023-11-03
CALL WDAY P 2023-11-14 2023-11-15
CALL WSM P 2023-01-04 2023-01-05
CALL WSM P 2023-05-18 2023-05-19
PUT SPY P 2023-09-25 2023-09-26
PUT SPY P 2023-02-27 2023-02-28
CALL BX P 2023-11-14 2023-11-15
CALL HD P 2023-11-14 2023-11-15
(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 250,000   246,201 3,799
b 500,000   504,356 -4,356
c 250,000   263,673 -13,673
d 500,000   471,856 28,144
e 2,400,000   1,103,279 1,296,721
500,000   509,902 -9,902
250,000   263,908 -13,908
500,000   532,793 -32,793
500,000   519,082 -19,082
497,012   496,172 840
250,000   250,068 -68
477,665   477,665 0
500,000   524,434 -24,434
250,000   254,683 -4,683
1,000   896 104
1,461   1,000 461
5,000   6,262 -1,262
16,410   18,500 -2,090
5,000   6,090 -1,090
6,598   6,235 363
1,000   930 70
962   1,270 -308
1,395   1,011 384
14,329   17,425 -3,096
1,000   775 225
12,239   10,103 2,136
105,997   124,996 -18,887
6,464   4,793 1,671
19,009   18,169 840
15,526   14,913 613
1,039   877 162
7,383   6,905 478
6,227   5,695 532
33,590   10,107 23,483
119,301   120,566 -1,265
1,061   670 391
2,034   2,073 -39
999   1,263 -264
1,231   309 922
1,096   109 987
1,528   3,276 -1,748
2,301   2,091 210
2,375   639 1,736
619   72 547
577   90 487
2,509   22,086 -19,577
1,837   64 1,773
2,786   2,685 101
3,014   1,792 1,222
1,917   1,707 210
2,060   673 1,387
2,286   1,397 889
1,037   10 1,027
1,962   2,973 -1,011
1,626   163 1,463
1,365   575 790
2,356   477 1,879
2,926   1,946 980
1,146   1,933 -787
1,819   1,117 702
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       3,799
b       -4,356
c       -13,673
d       28,144
e       1,296,721
      -9,902
      -13,908
      -32,793
      -19,082
      840
      -68
      0
      -24,434
      -4,683
      104
      461
      -1,262
      -2,090
      -1,090
      363
      70
      -308
      384
      -3,096
      225
      2,136
      -18,887
      1,671
      840
      613
      162
      478
      532
      23,483
      -1,265
      391
      -39
      -264
      922
      987
      -1,748
      210
      1,736
      547
      487
      -19,577
      1,773
      101
      1,222
      210
      1,387
      889
      1,027
      -1,011
      1,463
      790
      1,879
      980
      -787
      702
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 1,204,406
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
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 right arrow 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) 1 28,198
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 28,198
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 28,198
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,000
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 7,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1,234
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 22,432
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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:
round bullet By language in the governing instrument, or
round bullet 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
Yes
 
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)
right arrowIN
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowSCHMIDTCOMPETITION.ORG
14
The books are in care ofright arrowHARDING SHYMANSKI CO PSC Telephone no.right arrow (812) 464-9161

Located atright arrow21 SE THIRD ST STE 500EVANSVILLEIN ZIP+4right arrow47708
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
CHESTER SCHMIDT CHAIRMAN
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
DOUGLAS SCHMIDT TREASURER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
J MICHAEL SMALL SECRETARY
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
LISA HAMILTON PRESIDENT
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
CHESTER SCHMIDT IV BOARD MEMBER
1.00 		4,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
JANET PETERSON BOARD MEMBER
1.00 		4,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
38,406,934
b
Average of monthly cash balances.......................
1b
3,464,914
c
Fair market value of all other assets (see instructions)................
1c
157,682
d
Total (add lines 1a, b, and c).........................
1d
42,029,530
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
42,029,530
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
630,443
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,399,087
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,069,954
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
2,069,954
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,198
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,198
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,041,756
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,041,756
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
2,041,756
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
1,981,978
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
1,981,978
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,041,756
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,802,226
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,981,978
a Applied to 2022, but not more than line 2a 1,802,226
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 2023 distributable amount..... 179,752
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,862,004
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LINDA MCALISTER EXECUTIVE DIRECTOR
6 EAST 5TH STREET SUITE 406
COVINGTON,KY41011
(513) 783-2583
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION AND RULES ARE AVAILABLE FROM THE FOUNDATION WEBSITE: WWW.SCHMIDTCOMPETITION.ORG.
cAny submission deadlines:
APPLICATION DEADLINES ARE DISCLOSED AND ANNUALLY ON THE FOUNDATION WEBSITE AND APPLICATION.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HIGH SCHOOL SOPHOMORES, JUNIORS, OR SENIORS FROM AREAS WHERE COMPETITIONS ARE HELD WITH WRITTEN RECOMMENDATION BY CHORAL DIRECTOR OR VOCAL TEACHER. FOR INFORMATION CONTACT: SCHMIDTCOMPINFO@GMAIL.COM
Form 990-PF (2023)
Form 990-PF (2023)
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

BEA GADDY FAMILY CENTERS INC

425 N CHESTER ST
BALTIMORE,MD21231 		  PC DONATION 5,000

DAN SCISM COLLEGE SCHOLARSHIP FUND

601 PFEIFFER RD
EVANSVILLE,IN47711 		  PC SCHOLARSHIP SPONSOR 25,000

GRACE UNITED METHODIST CHURCH

3012 S TWYCKENHAM DR
SOUTH BEND,IN46614 		  PC DONATION 3,000

HELEN B GOODLIN FOUNDATION

C/O HUA WANG TREASURER 13290
TRAILHEAD PLACE
SAN DIEGO,CA92129 		  PC CONTEST FUNDS 10,000

LAUREL CIVIC ASSOCIATION INC

509 COLLINS ROAD P O BOX 511
LAUREL,FL34272 		  PC UNRESTRICTED CONTRIBUTION 33,750

MATTHEW 25 INC

101 NW 1ST ST 215
EVANSVILLE,IN47713 		  PC 2020 COVID GRANT 2,500

MATTINGLY CHARITIES

2 CORPORATE DRIVE STE 923
SHELTON,CT06484 		  PC GRANT 25,000

MIAMI UNIVERSITY

501 E HIGH ST
OXFORD,OH45056 		  PC DONATION 25,000

NASHVILLE ADULT LITERACY COUNCIL INC

4805 PARK AVE
NASHVILLE,TN37209 		  PC DONATION 250

NORTH UNITED METHODIST CHURCH

4201 STRINGTOWN ROAD
EVANSVILLE,IN47711 		  PC DONATION 3,000

SARASOTA MILITARY OFFICERS SCHOLARSHIP FUND INC

PO BOX 1016
SARASOTA,FL34230 		  PC SCHOLARSHIP 15,000

SARASOTA OPERA ASSOCIATION

1 N PINEAPPLE AVE
SARASOTA,FL34236 		  PC YOUTH OPERA PLEDGE 55,000

ST DAVID'S EPISCOPAL CHURCH

6501 PENNYWELL DR
NASHVILLE,TN37205 		  PC DONATION 1,000

ST LUKE'S COMMUNITY HOUSE

5601 NEW YORK AVE
NASHVILLE,TN37209 		  PC GRANT 500

TENNESSEE GOLF FOUNDATION

400 FRANKLIN ROAD
FRANKLIN,TN37069 		  PC SCHOLARSHIP 45,000

THE DREAM CENTER

16 W MORGAN AVE
EVANSVILLE,IN47710 		  PC DONATION 18,000

TRANSFORMATION LIFE CENTER

395 FLOYD ACKERT ROAD
WEST PARK,NY12493 		  PC 2020 COVID GRANT 2,500

TRANSFORMATION NASHVILLE

1319 RIVERWOOD DR
NASHVILLE,TN37216 		  PC DONATION 20,000

UNIVERSITY OF EVANSVILLE

1800 LINCOLN AVE
EVANSVILLE,IN47722 		  PC DONATION 23,100

YMCA CAMP CARSON

2034 OUTER LAKE ROAD
PRINCETON,IN47670 		  PC MILITARY FAMILY SUPPORT 37,500

SUMMER STOCK STAGE

PO BOX 55012
INDIANAPOLIS,IN46205 		  PC DONATION 4,000

BUTLER UNIVERSITY

4600 SUNSET AVE
INDIANAPOLIS,IN46208 		  PC DONATION 3,000

PHILLIPS BROOKS HOUSE ASSOCIATION

HARVARD YARD 1
CAMBRIDGE,MA02138 		  PC DONATION 1,000

THE LOYOLA SCHOOL

801 ST PAUL ST
BALTIMORE,MD21202 		  PC DONATION 1,500

HANDEL CHOIR OF BALTIMORE

10 HERARD AVENUE SUITE 20
LUTHERVILLETIMONIUM,MD21093 		  PC DONATION 375

EVANSVILLE PHILHARMONIC ORCHESTRA

20 NW 3RD ST 500
EVANSVILLE,IN47708 		  PC DONATION 30,000

UMOJA PARTNERSHIP INC

1300 E 86TH ST
INDIANAPOLIS,IN46240 		  PC DONATION 6,000

CHIMES INTERNATIONAL LIMITED

4815 SEATON DRIVE
BALTIMORE,MD21215 		  PC DONATION 6,750

MANATEE TECHNICAL COLLEGE

6305 FL-70
BRADENTON,FL34203 		  PC DONATION 20,000

IRVINE UNITED METHODIST CHURCH

243 MAIN ST
IRVINE,KY40336 		  PC DONATION 1,000

CYSTIC FIBROSIS FOUNDATION

4550 MONTGOMERY AVE SUITE 1100 N
BETHESDA,MD20814 		  PC DONATION 250

NAVY LEAGUE MEMPHIS COUNCIL

2095 EXESTER RD SUITE 80-377
GERMANTOWN,TN38138 		  PC DONATION 10,000

BALTIMORE CONCERT OPERA

11 WEST MOUNT VERNON PLACE SUITE
307
BALTIMORE,MD21201 		  PC DONATION 250

MOTHER SETON ACADEMY

2215 GREENMOUNT AVE
BALTIMORE,MD21218 		  PC DONATION 125

STUDIO TENN THEATRE COMPANY

230 FRANKLIN RD
FRANKLIN,TN37064 		  PC DONATION 5,000

ADELANTE LATINA INC

2907 W STRATHOMORE AVE
BALTIMORE,MD21209 		  PC DONATION 125

TOWER HILL SCHOOL

2813 W 17TH ST
WILMINGTON,DE19806 		  PC DONATION 1,000

ARAPAHO UNITED METHODIST CHURCH

1400 W ARAPAHO RD
RICHARDSON,TX75080 		  PC DONATION 6,000

NETWORK OF COMMUNITY MINISTRIES

1500 INTERNATIONAL PKWY STE 300
RICHARDSON,TX75081 		  PC DONATION 1,000

SYNERGY WESLEY FOUNDATION

3000 NORTHSIDE BLVD 2-116
RICHARDSON,TX75080 		  PC DONATION 500
Total .................................right arrow 3a 447,975
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 3,950  
4 Dividends and interest from securities ....     14 786,940  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 201,448  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,204,406  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aAPPLICANT FEES 		        26,230
bBOARD MEMBERSHIP FEES         700
cSCHMIDT SUMMER INSTITUTE         18,389
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,196,744 45,319
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,242,063
(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.)
11 INCOME RECEIVED IN RELATION TO EXEMPT PURPOSE OF THE FOUNDATION
Form 990-PF (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 61,816 9,595   52,221

TY 2023 InvestmentsCorpBondsSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 17,119,684 17,247,187

TY 2023 InvestmentsCorpStockSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCKS 16,173,924 26,447,662

TY 2023 OtherAssetsSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT IN WES ENERGY RESOURCES, LLC 63,814 61,153 61,153
WEBSITE 5,806 2,139 2,139
SECURITY DEPOSIT 599 599 599


TY 2023 OtherExpensesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 794 0   794
DUES 959 0   959
INSURANCE 10,101 4,361   5,740
INVESTMENT FEES 131,049 131,049   0
OFFICE SUPPLIES 22,849 427   22,424
POSTAGE 9,545 0   9,545
TRAVEL 206,441 2,647   203,795
ADVERTISING 73,916 0   73,916
MARKETING 36,595 0   36,595
AMORTIZATION 3,667 3,667   0
UTILITIES 15,351 0   15,351
WEBSITE 18,682 180   18,502
COMPETITION EXPENSES 308,623 0   308,623
SCHOLARSHIP PAYMENTS 438,358 0   438,358
CONFERENCES 1,560 0   1,560
GRANTS AWARDED 14,132 0   14,132
SCHMIDT VOCAL INSTITUTE 2,475 0   2,475
WILLIAM E. SCHMIDT YOUTH AWARDS 600 0   600


TY 2023 OtherIncomeSchedule2
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME FROM WES ENERGY K-1 201,448 201,448 201,448
APPLICANT FEES 26,230   26,230
BOARD MEMBERSHIP FEES 700   700
SCHMIDT SUMMER INSTITUTE 18,389   18,389


TY 2023 OtherLiabilitiesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Beginning of Year - Book Value End of Year - Book Value
TAXES WITHHELD 7,763 8,108


TY 2023 OtherProfessionalFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 45,412 3,600   41,812


TY 2023 TaxesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED PAYMENTS 40,604 0   0
TAXES - OTHER 1,926 0   1,926
PAYROLL TAX 15,276 0   15,276