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
John and Julie Schmidt Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

84-3036130
B Telephone number (see instructions)

(800) 839-1754
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$13,136,821J 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) 8,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 193,546 193,546  
4 Dividends and interest from securities... 109,730 109,730  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,288
b Gross sales price for all assets on line 6a 2,019,856
7 Capital gain net income (from Part IV, line 2)... 316,072
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).......      
12 Total. Add lines 1 through 11........ 8,326,564 619,348  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
22,424 22,424    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,200      
19 Depreciation (attach schedule) and depletion...      
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
17,054     17,054
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,678 22,424   17,054
25 Contributions, gifts, grants paid....... 1,842,210 1,842,210
26 Total expenses and disbursements. Add lines 24 and 25 1,882,888 22,424   1,859,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,443,676
b Net investment income (if negative, enter -0-) 596,924
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.............      
2 Savings and temporary cash investments......... 2,536,391 3,685,643 3,685,643
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 54,354 Click to see attachment
List of Attached Documents:
// Content
343,304 		346,072
b Investments—corporate stock (attach schedule)....... 2,429,856 Click to see attachment
List of Attached Documents:
// Content
6,174,632 		7,148,736
c Investments—corporate bonds (attach schedule)....... 729,482 Click to see attachment
List of Attached Documents:
// Content
1,990,180 		1,956,370
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,750,083 12,193,759 13,136,821
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,750,083 12,193,759
29 Total net assets or fund balances (see instructions)..... 5,750,083 12,193,759
30 Total liabilities and net assets/fund balances (see instructions). 5,750,083 12,193,759
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
5,750,083
2
Enter amount from Part I, line 27a .....................
2
6,443,676
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,193,759
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,193,759
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 Publicly-traded Securities      
b
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 2,019,856   1,703,784 316,072
b
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       316,072
b
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 2 316,072
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 8,297
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  
3 Add lines 1 and 2........................... 3 8,297
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,297
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,155
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,200
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,355
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 58
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow58 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
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 arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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)
 
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
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
Greg Groggel VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Soyona Rafatjah VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Julie A Schaller-Schmidt Co- Pres, Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Chelsea Schmidt VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Daniel Schmidt VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
John A Schmidt Dir, Co- Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Luke Schmidt VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Samuel Schmidt VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Zachary Schmidt VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
5,654,590
b
Average of monthly cash balances.......................
1b
3,873,311
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,527,901
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
9,527,901
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
142,919
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,384,982
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
469,249
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
469,249
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,297
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,297
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
460,952
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
460,952
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
460,952
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
1,859,264
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,859,264
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 7 460,952
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 173,893
d From 2021...... 218,902
e From 2022...... 247,845
f Total of lines 3a through e ........ 640,640
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,859,264
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 460,952
e Remaining amount distributed out of corpus 1,398,312
5 Excess distributions carryover applied to 2023.    
(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 2,038,952
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,038,952
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 173,893
c Excess from 2021.... 218,902
d Excess from 2022.... 247,845
e Excess from 2023.... 1,398,312
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).)
John A Schmidt
Julie A Schaller-Schmidt
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

BASIC NEEDS GIVING PARTNERSHIP INC

340 N BROADWAY STE 400
GREEN BAY,WI54303 		N/A PC General & Unrestricted 50,000

BASIC NEEDS GIVING PARTNERSHIP INC

340 N BROADWAY STE 400
GREEN BAY,WI54303 		N/A PC US Venture Open 10,000

BOYS & GIRLS CLUB FOX VALLEY INC

160 S BADGER AVE
APPLETON,WI54914 		N/A PC Capital Campaign Pledge 20,000

BOYS & GIRLS CLUB FOX VALLEY INC

160 S BADGER AVE
APPLETON,WI54914 		N/A PC Charitable Event 15,150

COMMUNITY BENEFIT TREE INC

W1734 KEN DALE DR
KAUKAUNA,WI54130 		N/A PC Charitable Event 1,000

COTS INC

819 S W AVE
APPLETON,WI54915 		N/A PC General & Unrestricted 25,000

CYSTIC FIBROSIS FOUNDATION

400 S COLORADO BLVD STE 840
DENVER,CO80246 		N/A PC Charitable Event 5,000

FIRST CONGREGATIONAL UNITED CHURCH OF CHRIST

724 E SOUTH RIVER ST
APPLETON,WI54915 		N/A PC General & Unrestricted 100,000

FOX CITIES PERFORMING ARTS CENTER INC

400 W COLLEGE AVE
APPLETON,WI54911 		N/A PC Charitable Event 10,060

FOX VALLEY LITERACY COUNCIL INC

130 E FRANKLIN ST
APPLETON,WI54911 		N/A PC General & Unrestricted 5,000

FRIENDS OF APPLETON LIBRARY INCORPORATED

PO BOX 1971
APPLETON,WI54912 		N/A PC Building Beyond Words Capital Campaign 200,000

GREATER GREEN BAY COMMUNITY FOUNDATION INC

400 S WASHINGTON ST
GREEN BAY,WI54301 		N/A PC General & Unrestricted 7,500

HARBOR HOUSE DOMESTIC ABUSE PROGRAMS INC

720 W 5TH ST
APPLETON,WI54914 		N/A PC General & Unrestricted 5,000

KENYA WORKS INC

PO BOX 1572
APPLETON,WI54912 		N/A PC General & Unrestricted 50,000

MUSIC THAT MATTERS INC

PO BOX 2577
APPLETON,WI54912 		N/A PC General & Unrestricted 25,000

NORTHEAST WISCONSIN LAND TRUST INC

14 TRI PARK WAY STE 1
APPLETON,WI54914 		N/A PC General & Unrestricted 10,000

PILLARS INC

605 E HANCOCK ST
APPLETON,WI54911 		N/A PC General & Unrestricted 7,500

RIVERVIEW GARDENS INC

1101 S ONEIDA ST
APPLETON,WI54915 		N/A PC General & Unrestricted 55,000

SOAR FOX CITIES INC

211 E FRANKLIN ST SUITE A
APPLETON,WI54911 		N/A PC General & Unrestricted 5,000

STOP THE ADDICTION FATALITY EPIDEMIC - SAFE - PROJ

3118 WASHINGTON BLVD BOX 101734
ARLINGTON,VA22201 		N/A PC General & Unrestricted 5,000

TROUT MUSEUM OF ART INC

111 COLLEGE AVE
APPLETON,WI54911 		N/A PC Capital Campaign for New Museum 50,000

TROUT MUSEUM OF ART INC

111 COLLEGE AVE
APPLETON,WI54911 		N/A PC Charitable Event 10,000

UNITED WAY FOX CITIES INC

1455 MIDWAY RD
MENASHA,WI54952 		N/A PC US Venture's United Way campaign 1,000

VICTORY COMMUNITY DEVELOPMENT CENTRE (VICODEC)

PO BOX 2768
NAIROBI,NAIROBI MUNICIPAL00200
KE 		N/A PC General & Unrestricted 50,000

VICTORY COMMUNITY DEVELOPMENT CENTRE (VICODEC)

PO BOX 2768
NAIROBI,NAIROBI MUNICIPAL00200
KE 		N/A PC to purchase a property for all of the Kenya Works foundational programs; shelter works, ending period poverty, human rights/empowerment forums and education 1,120,000
Total .................................right arrow 3a 1,842,210
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 193,546  
4 Dividends and interest from securities ....     14 109,730  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 23,288  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   326,564  
13Total. Add line 12, columns (b), (d), and (e)..................
13
326,564
(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.)
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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
John and Julie Schmidt Family Foundation
 
Employer identification number

84-3036130
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
John and Julie Schmidt Family Foundation
  		Employer identification number
84-3036130
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Schmidt John A
212 N Green Bay Rd
 
Appleton, WI54911

$ 8,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
John and Julie Schmidt Family Foundation
  		Employer identification number

84-3036130
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
John and Julie Schmidt Family Foundation
  		Employer identification number

84-3036130
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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TY 2023 DepreciationSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
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

TY 2023 InvestmentsCorpBondsSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Name of Bond End of Year Book Value End of Year Fair Market Value
AGILENT TECHNOLOGIES INC NT - 94,212 95,528
ALABAMA PWR CO - 2.800% - 04/0 37,919 34,000
AMEREN CORP NOTE - 1.950% - 03 90,450 91,583
BOEING CO NOTE CALL - 2.800% - 31,649 29,847
CADENCE DESIGN SYSTEM INC NOTE 39,793 34,681
CAMPBELL SOUP CO NOTE CALL MAK 97,840 98,005
CANADIAN PAC RY CO - 3.700% - 96,277 97,413
CARLISLE 3.75% 12/01/2027 - 3. 93,532 95,809
CMS ENERGY CO - 3.875% - 03/01 44,185 39,866
DOVER CORP - 3.150% - 11/15/20 96,157 96,714
DTE ENERGY CO - 1.050% - 06/01 60,263 61,257
GOOGLE INC - 3.375% - 02/25/20 21,555 19,932
HUBBELL INC - 3.350% - 03/01/2 44,828 38,743
JPMORGAN CHASE BK N A CD - 5.0 99,586 99,985
JPMORGAN CHASE BK N A CD 0.600 48,836 45,129
LABORATORY CORP OF AMER - 3.60 39,169 34,405
MORGAN STANLEY BK CD - 5.400% 100,043 101,020
MORGAN STANLEY PRIVATE BK NATL 100,000 100,894
NETAPP INC - 3.300% - 09/29/20 98,297 98,258
NEWTEK BK NATL ASSN MIAMI FLA 199,999 201,643
QUEST DIAGNOSTICS INC NT - 3.5 62,805 63,571
RAYTHEON TECHNOLOGIES CORP - 3 37,330 38,047
ROPER TECHNOLOGIES INC - 1.000 18,324 18,694
SANTANDER BK NATL ASSN CD - 5. 100,000 100,136
SHERWIN WILLIAMS CO NOTE CALL 30,242 26,262
VALSPAR CORP NOTE CALL MAKE WH 27,203 24,360
VERIZON COMMUNICATIONS - 3.500 43,968 39,394
VERIZON COMMUNICATIONS INC - 4 56,978 59,161
XYLEM INC - 3.250% - 11/01/202 38,912 38,533
ZOETIS INC - 4.500% - 11/13/20 39,828 33,500

TY 2023 InvestmentsCorpStockSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Name of Stock End of Year Book Value End of Year Fair Market Value
3-D SYSTEMS CORP. DEL 5,847 6,833
3M CO 19,362 19,459
8X8 INC 5,743 5,572
AAON, INC 8,963 10,624
ABBOTT LABS 30,735 31,494
ABBVIE INC 51,827 59,588
ABERCROMBIE & FITCH 6,160 9,263
ACCENTURE PLC 35,748 40,431
ADOBE SYSTEMS, INC 17,407 22,671
ADVANCED MICRO DEVICES INC 10,801 17,542
AGILENT TECHNOLOGIES INC 6 6
AIRBNB 8,170 8,441
ALKERMES 7,890 7,712
ALLETE INC 4,910 5,503
ALLOGENE THERAPEUTICS INC 5,223 7,200
ALPHABET INC CL A 175,442 222,246
ALPHABET INC CL C 10,058 12,684
ALTAIR ENGINEERING ORD SHS CLA 6,631 8,078
ALTRIA GROUP INC 16,689 15,441
AMAZON COM 190,972 214,539
AMERICAN ELECTRIC POWER INC 27,054 23,651
AMERICAN EXPRESS CO 19,007 23,737
AMERIPRISE FINANCIAL INC 12,970 18,772
AMGEN INC 30,665 34,251
AMPHASTAR PHARMACEUTICALS INC 6,618 7,546
ANSYS INC 8,030 9,435
APPLE INC 250,824 322,532
APPLIED IDNS TECH 12,727 14,553
APPLIED MATERIALS INC 65,163 78,681
ARCOSA INC 7,324 8,106
ARISTA NETWORKS 8,419 12,011
ARROW FINANCIAL CORPORATION 12,950 14,249
ARTISAN PARTNERS ASSET MANAGEM 7,661 8,840
ARVINAS ORD SHS 7,201 15,435
ASSOCIATED BANC CORP PFD E - 5 50,993 38,475
ASSURANT INC 6,302 6,460
AT&T, INC 22,533 20,589
ATKORE INTERNATIONAL GROUP INC 4,101 4,800
AUTOMATIC DATA PROCESSING INC 8,441 8,495
AVIS BUDGET GROUP INC 3,983 3,359
AXCELIS TECHNOLOGIES INC 7,567 5,706
BADGER METER, INC 8,842 9,131
BANK NEW YORK MELLON CORP COM 19,573 19,682
BANK OF AMERICA CORP 36,270 40,079
BELLRING BRANDS, INC 10,961 15,022
BERKLEY W R CP 6,009 6,405
BJ'S WHLSL CLUB INC 17,474 17,398
BLACKLINE INC 4,719 5,307
BLACKROCK INC 49,891 58,109
BOSTON PPTYS INC 4,330 4,772
BRISTOL-MYERS SQUIBB CO 5 5
BROADCOM INC 52,172 89,585
BUILDERS FIRST SOURCE INC 13,852 17,028
C H ROBINSON WORLDWIDE INC 70 64
CACI INTL INC 11,521 12,631
CACTUS, INC. CLASS A 5,952 5,790
CADENCE DESIGN SYSTEMS INC 24,802 40,583
CAPITAL GROUP INTERNATIONAL FO 157,763 167,090
CARDINAL HEALTH INC 8,498 8,366
CASEY'S GENERAL STORES, INC 8,498 9,355
CATERPILLAR INC 72,493 93,913
CDW CORP 82 103
CELANESE CORPORATION 13,312 17,391
CENCORA INC 8,615 9,078
CHEVRON CORP 72,912 83,602
CHS INC - PFD CLASS B 60,196 57,512
CHURCH & DWIGHT 8,614 8,545
CINTAS CRP 14,661 20,128
CISCO SYSTEMS INC 44,374 43,201
CITIGROUP INC 11,939 11,261
CITIZENS FINANCIAL GROUP, INC 6,844 8,341
CITY HOLDING COMPANY 8,266 9,790
COLGATE-PALMOLIVE COMPANY 19 20
COLONY BANKCORP, INC. 9,284 12,142
COMCAST CORP 36,412 32,896
COMMERCIAL METALS 10 11
CONOCOPHILLIPS 60,889 75,150
CONSOLIDATED WATER CO. LTD. 3,577 4,379
COPART INC 3,921 4,214
COSTCO WHOLESALE CORPORATION 28,356 40,753
COURSERA 5,328 6,237
CROWDSTRIKE HOLDINGS, INC 6,006 11,234
CROWN CASTLE INTL 17,355 14,638
CSX CORP 25,595 26,644
CVS CAREMARK CORP 77 89
DANAHER CORP 27,553 30,199
DANIMER SCIENTIFIC INC 5,698 2,998
DARDEN RESTAURANTS INC 82 82
DATADOG INC 7,000 8,254
DEERE CO 341 362
DEVON ENERGY CORPORATION 43 32
DIMENSIONAL INTERNATIONAL VAL 182,946 191,778
DOCUSIGN INC 8,920 9,393
DOW INC 36,039 35,125
DREAM FINDERS HOMES INC 4,165 5,436
E.L.F. BEAUTY, INC. 8,440 10,248
EASTMAN CHEMICAL CO 16,648 16,157
ECOLAB INC 9,249 10,551
ELI LILLY & CO 63,447 94,219
EMCOR GROUP INC 19,838 23,334
EMERSON ELECTRIC CO 14,537 16,253
ENCOMPASS HEALTH CORPORATION 8,591 8,158
ENCORE WIRE CORP 1 1
ENERGY FUELS INC 10,736 9,692
ENERGY RECOVERY INC 6,303 4,974
EOG RESOURCES INC 23 24
EQUITY COMMONWEALTH 9,115 8,947
EQUITY LIFESTYLE PRP 42 44
EVERGY, INC. 17,160 14,964
EXACT SCIENCES CORPORATION 3,973 3,329
EXTRA SPACE STORAGE 155 183
EXXON MOBIL CORP 42,886 56,366
F&G ANNUITIES & LIFE INC 3 7
FA INTERNATIONAL GROWTH FUND - 163,649 174,978
FABRINET INC 5,913 7,042
FERGUSON PLC 7,142 8,302
FIDELITY MSCI INFORMATION TECH 120 136
FIDELITY NATIONAL FINANCIAL IN 9,952 12,770
FIFTH THIRD BANCORP 21,372 25,106
FISERV, INC 8,975 10,627
FLUOR CORP 5,908 6,463
FLYWIRE CORP 3,468 2,570
FORD MOTOR COMPANY 26,237 22,505
FULTON FIN CORP 13,399 13,036
GALLAGHER ARTHUR J & CO 41,030 52,771
GAMING AND LEISURE PROPERTIES, 10,106 10,297
GATX CORP INC 8,468 8,445
GEN DYNAMICS CP 29,383 38,034
GENERAL MOTORS 19 18
GILEAD SCIENCES INC 28,446 32,300
GRAINGER W W INC 40 42
GRAPHIC PACKAGING CORP COM STK 8,369 8,749
GREEN BRICK PARTNERS INC 4,427 4,519
HAEMONETICS CP 5,342 5,302
HARTFORD FINANCIALSERVICES GRO 14,331 17,435
HCA INC 18 20
HCC INS HLDGS INC 7,286 9,957
HEALTH CATALYST ORD SHS 5,499 4,750
HEALTHEQUITY INC 8,400 8,155
HEALTHPEAK PROPERTIES INC 17,529 17,718
HEALTHSTREAM INC 4,140 4,684
HERC HOLDINGS, INC 14 19
HERON THERAPEAUTICS INC 3,450 3,395
HILTON WORLDWIDE HOLDINGS, INC 8,811 10,197
HOLOGIC, INC 3,691 3,501
HOME DEPOT INC 93,553 103,800
HOMESTREET INC 4,096 6,159
HONEYWELL INTL 16,197 17,082
HUNTINGTON BANCSHARES INC 10,745 11,454
ICF INTERNATIONAL, INC 6,074 6,307
INSPERITY INC 21 25
INSPIRE MEDICAL SYSTEMS 9,576 7,934
INSTALLED BUILDING PRODUCTS IN 6,065 8,059
INSULET CORPORATION 15,420 18,443
INTEL CORP 11,830 14,545
INTER PARFUMS INC 6,180 6,503
INTERDIGITAL COMMUNICATIONS CO 10 13
INTERNATIONAL BUSINESS MACHINE 17,576 20,648
INTERNATIONAL GAME TECHNOLOGY 5,856 5,204
INTERNATIONAL PAPER CO 9 10
INTRA CELLULAR THERAPIES INC 4,480 5,944
INTUIT 34,781 44,063
INTUITIVE SURGICAL 11,925 14,169
ISHARE SP SMALL CAP 600 INDEX 20 22
ISHARES SHORT MATURITY BOND ET 205 206
JABIL CIRCUIT INC 13,204 15,972
JACK IN THE BOX INC 11 14
JACOBS SOLUTIONS INC 15,349 15,083
JANUS INTERNATIONAL GROUP INC 12,485 15,360
JANUX THERAPEUTICS 4,257 3,992
JOHNSON & JOHNSON 66,408 65,584
JOHNSON CONTROLS INTERNATIONAL 18,925 17,165
JP MORGAN CHASE 79,898 97,851
KARAT PACKAGING INC 6,447 7,142
KB HOME 4,482 5,397
KENNAMETAL INC 17 18
KEYCORP 17 23
KINDER MORGAN INC 20,111 22,440
KORN FERRY INTL 6 7
KRAFT HEINZ CO 7,178 7,283
KRATOS DEFENSE & SECURITY SOLU 1,826 2,110
LABORATORY CORP AMER HLDGS 9,393 11,049
LADDER CAPITAL CORP 8 10
LAMAR ADVERTISING CO CL A REIT 19,468 20,573
LAMB WESTON HOLDINGS INC 15 14
LEMONADE ORD SHS 7,733 7,823
LINDSAY CORP 6,690 7,134
LOCKHEED MARTIN CORP 19,691 22,500
LOWES COMPANIES INC 25 26
LULULEMON ATHLETICA INC 12,668 16,873
M.D.C. HLDGS 5,629 6,688
M/I HOMES, INC 4,583 7,025
MANHATTAN ASSOCIATES INC 29,127 32,729
MARATHON OIL CORP COM 10,966 11,987
MARRIOTT INTERNATIONAL INC. CL 27,275 34,030
MARSH AND MCLENNAN COMPANIES I 20,240 24,961
MASTERCARD INC 26,810 30,471
MATADOR RESOURCES COMPANY 9,652 9,652
MATSON INC 5,373 6,596
MAXIMUS INC 23 23
MCDONALD'S CORP 56,077 58,782
MCGRATH RENTCORP 5,058 6,255
MCKESSON CORP 209 212
MEDPACE HOLDINGS, INC 6,527 7,970
MEDTRONIC PLC 24,402 20,613
MERCK & CO INC 35,070 39,806
MESA LABORATORIES 11,781 11,839
META PLATFORMS INC 137,619 169,193
METLIFE INC 45,356 53,022
MGM RESORTS INTERNATIONAL 8,662 9,606
MICROCHIP TECHNOLOGY INC 8,587 8,733
MICROSOFT CORP 285,442 397,379
MID-AMERICA APT COMMUNITIES IN 9,473 9,609
MOLINA HEALTHCARE 11,324 12,646
MONDELEZ INTERNATIONAL INC 13,219 13,724
MONGODB INC CL A 25,578 33,935
MOODYS CORP 11,918 15,449
MSA SAFETY INCORPORATED 17,720 17,637
MURPHY USA INC 12,776 13,567
NETFLIX INC 27,837 36,029
NEW PROVIDENCE ACQUISITION COR 4,244 7,224
NEXTERA ENERGY, INC 11,874 10,385
NIKE INC-CL B 11,252 10,476
NVIDIA CORP 103,562 195,855
OMEGA THERAPEUTICS 3,900 5,307
ONE LIBERTY PROP 4 5
OPENDOOR TECHNOLOGIES 4,574 5,667
OPTION CARE HEALTH INC 6,292 6,502
ORACLE CORP 30,753 28,867
ORGANON & CO 3 2
OTIS WORLDWIDE CORP 3 3
OWENS CORNING 7,529 8,194
PACCAR INC 8,467 10,025
PAGERDUTY ORD SHS 6,130 6,274
PALO ALTO NETWORKS INC 14,790 21,821
PAR PETE CORP 6,879 8,111
PARKER HANNIFIN CP 17,446 19,413
PATTERSON COMPANIES INC COM 5 6
PAYONEER GLOBAL INC COM 4,905 4,288
PEOPLES FINANCIAL SERVICES COR 5,896 5,941
PEPSICO INC 64,810 62,024
PERDOCEO EDUCATION 7,000 7,895
PERFORMANCE FOOD GROUP COMPANY 6,110 6,984
PERIMETER SOLUTIONS ORD SHS 5,598 5,515
PFIZER INC 38,181 29,214
PHILIP MORRIS INTL 32,690 33,998
PNC FINANCIAL GROUP INC 26,255 29,920
PORTLAND GEN ELEC 5,505 5,324
PREFERRED BANK 6,853 8,356
PREMIER FINANCIAL 6,225 7,134
PROCTER GAMBLE CO 101,425 101,571
PROGYNY ORD SHS 5,574 5,577
PROLOGIS 35,392 42,341
PRUDENTIAL FINCL INC 32,381 38,678
PUBLIC SVC ENTERPRISE GROUP IN 18,052 18,798
PULTE GROUP INC 9,036 14,863
PURE STORAGE INC 7,897 9,379
QUAKER CHEMICAL CORP 13,807 16,051
QUALCOMM INC 24,205 31,361
QUALYS INC COM 6,057 8,047
RAYTHEON TECHNOLOGIES CORP 37 38
REPUBLIC SVCS INC 14,383 18,814
RIGEL PHARMACEUTICALS NEW 2,971 2,820
ROCKWELL AUTOMATION INC 7,755 8,560
ROSS STORES, INC 8,822 9,986
ROYAL CARRIBEAN CRUISE 11,716 14,244
RPM INTERNATIONAL INC 8,780 8,707
SALESFORCE.COM 8,689 10,262
SANGAMO BIOSCIENCES INC 1,933 1,810
SCHLUMBERGER LTD 8,596 7,579
SERVICE NOW 19,815 26,847
SIMPSON MANUFACTURING CO INC 10,533 14,287
SITIO ROYALTIES CORP 9 10
SM ENERGY COMPANY 10,034 9,852
SMARTSHEET INC 3,435 4,017
SOUTHERN CO 40,051 43,704
SOUTHERN COPPER CORP 34 42
SPHERE ENTERTAINMENT CO 5,846 6,079
SPS COMMERCE, INC 5,950 6,397
STARBUCKS CORP COM 7,972 7,201
STERLING CONSTRUCTION COMPANY 13,297 17,498
STONECO LTD 4,839 6,527
STRIDE ORD SHS 6,533 8,609
STRYKER CORPORATION 11,100 12,768
SUPER MICRO COMPUTER INC 10,519 11,086
SYNOPSYS, INC 23,430 32,954
SYSCO CORP 101 100
T-MOBILE US INC 13,904 16,256
TARGET CORPORATION 8,883 8,972
TEREX CORP 7,356 7,273
TESLA MOTORS INC 104,288 113,804
TETRA TECH INC 11,217 11,792
TEXAS INSTRUMENTS INC 21,294 21,473
THE COCA-COLA CO 38,441 39,892
THE HERSHEY COMPANY 29,072 24,588
THERMO FISHER SCIENTIFIC INC 14,221 14,910
TJX COMPANIES INC 23,096 25,894
TORO CO 5 5
TRANE TECHNOLOGIES PLC 18,966 21,463
TRUIST FINANCIAL CORPORATION 9,874 11,362
TWO HARBORS INVESTMENT CORP 4,394 4,646
UBER 16,771 23,704
UFP INDUSTRIES 9 11
UNITED PARCEL SERVICE 13,763 12,936
UNITEDHEALTH GROUP INC 56,832 69,697
URBAN OUTFITTERS, INC 5,431 5,817
US BANCORP 27,333 28,539
USD ROCKY BRANDS INC 5,770 6,066
UTZ BRANDS 4,729 5,099
VANGUARD HIGH DIV YIELD 26 28
VERALTO CORPORATION 90 82
VERIZON COMMUNICATIONS 37,993 35,978
VERTIV CL A 7,302 9,899
VIRGIN GALACTIC HOLDINGS 5,233 5,694
VISA INC 15,961 18,336
W. P. CAREY INC 16,617 16,885
WABASH NATIONAL CORP 8 9
WAL-MART STORES INC 50,910 53,157
WATTS WATER TECHNOLOGIES INC 9,137 10,235
WAYFAIR INC 8,957 8,515
WEATHERFORD INTL 5,824 7,044
WEST PHARMA SVCS INC 12 12
WINGSTOP INC 5,574 7,453
WINTRUST FINANCIAL CORPORATION 5,757 6,472
ZIMMER BIOMET HOLDINGS 7,273 6,706

TY 2023 InvestmentsGovtObligationsSch
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
US Government Securities - End of Year Book Value:

343,304
US Government Securities - End of Year Fair Market Value:

346,072
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 LiquidationExplanationStmt
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Statement:
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,842,210. This amount represents 25% or more of the Foundation's net assets of $5,755,397 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


TY 2023 OtherExpensesSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 16,962     16,962
Postage/Delivery Service 67     67
State or Local Filing Fees 25     25


TY 2023 OtherProfessionalFeesSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 22,424 22,424    


TY 2023 TaxesSchedule
Name:
John and Julie Schmidt Family Foundation
EIN:
84-3036130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 1,100      
990-PF Extension for 2022 100