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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$49,529,693J 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) 800
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,975 2,975  
4 Dividends and interest from securities... 749,901 749,901  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,588,623
b Gross sales price for all assets on line 6a 9,119,215
7 Capital gain net income (from Part IV, line 2)... 1,588,623
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
173,627 124,661  
12 Total. Add lines 1 through 11........ 2,515,926 2,466,160  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,750 17,200   67,550
14 Other employee salaries and wages...... 213,388 0   213,388
15 Pension plans, employee benefits....... 27,479 0   27,479
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,334 1,179   155
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
61,880 10,477   51,403
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
68,248 1,000   67,248
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
57,181 24   16,806
19 Depreciation (attach schedule) and depletion... 1,377 1,377  
20 Occupancy.............. 8,450 0   8,450
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,331,811 146,605   1,185,206
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,855,898 177,862   1,637,685
25 Contributions, gifts, grants paid....... 412,666 412,666
26 Total expenses and disbursements. Add lines 24 and 25 2,268,564 177,862   2,050,351
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 247,362
b Net investment income (if negative, enter -0-) 2,288,298
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 672,725 342,147 342,147
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 arrow81,205
Less: allowance for doubtful accounts right arrow0 114,230 81,205 81,205
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)....... 16,173,924 Click to see attachment
List of Attached Documents:
// Content
14,392,808 		29,120,603
c Investments—corporate bonds (attach schedule)....... 17,119,684 Click to see attachment
List of Attached Documents:
// Content
19,514,063 		19,926,373
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 arrow8,681 3,171 1,795 1,795
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
63,891 		Click to see attachment
List of Attached Documents:
// Content
57,570 		Click to see attachment
List of Attached Documents:
// Content
57,570
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,147,625 34,389,588 49,529,693
Liabilities 17 Accounts payable and accrued expenses.......... 7,530 8,427
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
8,108 		Click to see attachment
List of Attached Documents:
// Content
1,812
23 Total liabilities (add lines 17 through 22)......... 15,638 10,239
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 34,131,987 34,379,349
29 Total net assets or fund balances (see instructions)..... 34,131,987 34,379,349
30 Total liabilities and net assets/fund balances (see instructions). 34,147,625 34,389,588
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
34,131,987
2
Enter amount from Part I, line 27a .....................
2
247,362
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,379,349
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
34,379,349
Form 990-PF (2024)
Form 990-PF (2024)
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 UNITED STATES TREASURY NOTE P 2023-01-01 2024-01-02
b UNITED STATES TREASURY NOTE P 2023-01-01 2024-01-31
c CHEVRON CORP P 2023-01-01 2024-03-04
d UNITED STATES TREASURY NOTE P 2023-01-01 2024-04-30
e UNITED STATES TREASURY NOTE P 2023-01-01 2024-05-15
US BANCORP MEDIUM TERM NOTE P 2023-01-01 2024-07-30
UNITED STATES TREASURY NOTE P 2023-01-01 2024-08-01
UNITED STATES TREASURY BILLS P 2023-01-01 2024-08-15
UNITED STATES TREASURY NOTE P 2023-01-01 2024-08-15
UNITED STATES TREASURY NOTE P 2023-01-01 2024-09-30
ALPHABET INC CAP STOCK P 2024-01-31 2024-03-07
CHEWY INC P 2023-10-10 2024-07-01
CROWSTRIKE HOLDINGS INC P 2024-08-05 2024-08-29
CROWSTRIKE HOLDINGS INC P 2024-08-05 2024-11-07
DELL TECHNOLOGIES INC P 2024-08-12 2024-08-29
DELL TECHNOLOGIES INC P 2024-08-12 2024-11-11
DELL TECHNOLOGIES INC P 2024-08-12 2024-11-11
EOG RESOURCES INC P 2023-03-24 2024-03-07
ISHARES CORE S&P 500 P 2024-07-16 2024-07-16
PAYCOM SOFTWARE INC P 2023-08-04 2024-06-06
PAYCOM SOFTWARE INC P 2024-05-02 2024-06-06
UNITED PARCEL SERVICE INC P 2023-09-21 2024-05-28
UNITED PARCEL SERVICE INC P 2023-11-03 2024-05-28
UNITEDHEALTH GROUP INC P 2023-06-20 2024-03-07
VISTA OUTDOOR INC P 2023-05-23 2024-04-01
ADOBE INC P 2022-06-10 2024-06-05
ALPAHBET INC CAP STOCK P 2022-05-10 2024-03-07
ALPAHBET INC CAP STOCK P 2022-10-11 2024-03-07
AUTONATION INC P 2022-10-07 2024-07-16
AUTONATION INC P 2022-10-07 2024-09-19
BLACKSTONE INC P 2022-05-09 2024-07-22
BLACKSTONE INC P 2022-05-09 2024-07-23
BLACKSTONE INC P 2022-05-09 2024-09-12
BLACKSTONE INC P 2022-05-09 2024-09-16
BLACKSTONE INC P 2022-05-09 2024-09-19
BLACKSTONE INC P 2022-05-09 2024-11-11
BLACKSTONE INC P 2022-05-09 2024-11-19
BLACKSTONE INC P 2022-05-09 2024-11-25
BLACKSTONE INC P 2022-09-23 2024-11-25
CHEWY INC P 2023-10-10 2024-11-19
EOG RESOURCES INC P 2022-04-25 2024-03-07
EOG RESOURCES INC P 2022-12-09 2024-03-07
HOME DEPOT INC P 2022-04-26 2024-02-07
HOME DEPOT INC P 2022-04-26 2024-11-25
INVESCO EXCHANGE TRADED FD TR S&P500 P 2022-12-22 2024-06-12
INVESCO EXCHANGE TRADED FD TR S&P500 P 2022-12-30 2024-06-12
INVESCO EXCHANGE TRADED FD TR S&P500 P 2023-01-04 2024-06-12
INVESCO EXCHANGE TRADED FD TR S&P500 P 2023-03-17 2024-06-12
ISHARES CORE S&P 500ETF P 2023-09-25 2024-12-04
ISHARES RUSSELL SM MID CAP INDEX P 2020-02-12 2024-09-30
KINDER MORGAN INC P 2022-06-16 2024-03-07
MATCH GROUP INC P 2022-08-03 2024-08-29
MATCH GROUP INC P 2022-08-03 2024-12-19
MATCH GROUP INC P 2023-04-12 2024-12-19
SPDR S&P 500 ETF P 2022-03-28 2024-01-29
SPDR S&P 500 ETF P 2022-03-28 2024-02-02
SPDR S&P 500 ETF P 2022-03-28 2024-02-12
SPDR S&P 500 ETF P 2022-03-28 2024-02-26
SPDR S&P 500 ETF P 2022-03-28 2024-04-04
UNITED PARCEL SERVICE INC P 2023-04-25 2024-05-28
UNITED STATES TREASURY SER P 2021-02-16 2024-10-31
UNITED STATES TREASURY SER P 2021-08-26 2024-12-31
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-09-30
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-10-14
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-11-06
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-11-07
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-11-08
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-11-26
VANGUARD 500 INDEX ADMIRAL P 2015-09-11 2024-11-29
WILLIAMS SONOMA INC P 2022-05-18 2024-03-07
CALL BX P 2024-02-29 2024-03-01
CALL BX P 2024-03-07 2024-03-08
CALL CHWY P 2024-11-19 2024-11-20
CALL GOOGL P 2024-03-07 2024-03-08
CALL MTCH P 2024-06-05 2024-06-06
CALL PAYC P 2024-06-06 2024-06-07
CALL PAYC P 2024-06-06 2024-06-07
CALL SPY P 2024-02-07 2024-02-08
CALL SPY P 2024-06-12 2024-06-13
CALL SPY P 2024-10-01 2024-10-02
CALL WDAY P 2024-06-05 2024-06-06
CALL WSM P 2024-03-07 2024-03-08
(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 200,000   212,633 -12,633
b 500,000   539,863 -39,863
c 250,000   249,673 327
d 500,000   484,102 15,898
e 250,000   244,424 5,576
300,000   321,465 -21,465
493,301   493,301 0
246,723   246,723 0
500,000   494,199 5,801
500,000   516,387 -16,387
2,692   2,832 -140
2,588   1,859 729
2,781   2,167 614
3,248   2,167 1,081
2,244   1,928 316
4,148   2,892 1,256
2,043   1,446 597
1,146   1,000 146
5,673   4,352 1,321
14,511   29,061 -14,550
14,511   16,542 -2,031
1,367   1,555 -188
1,640   1,716 -76
11,944   11,711 233
13,032   9,756 3,276
13,796   11,811 1,985
14,650   12,606 2,044
17,667   12,916 4,751
1,819   1,006 813
1,776   1,006 770
1,401   949 452
1,433   949 484
2,937   1,889 1,048
1,532   945 587
2,397   1,417 980
3,645   1,880 1,765
2,787   1,410 1,377
236   114 122
3,674   1,485 2,189
32,780   18,590 14,190
6,285   5,824 461
971   1,000 -29
3,634   3,002 632
5,137   3,603 1,534
40,296   34,000 6,296
1,183   1,000 183
115,932   100,000 15,932
8,290   6,956 1,334
54,842   39,166 15,676
1,715,625   1,362,224 353,401
18,580   16,118 2,462
1,118   1,905 -787
7,773   15,875 -8,102
12,436   14,003 -1,567
9,779   9,098 681
4,946   4,549 397
7,518   6,824 694
254,025   227,455 26,570
10,470   9,098 1,372
15,036   19,566 -4,530
500,000   500,000 0
500,000   500,000 0
1,199,970   414,871 785,099
49,970   16,991 32,979
249,970   83,926 166,044
99,970   33,322 66,648
99,970   33,190 66,780
49,970   16,510 33,460
99,970   32,956 67,014
24,845   10,927 13,918
590   1,701 -1,111
1,049   922 127
3,923   10,707 -6,784
1,121   1,921 -800
2,172   493 1,679
2,831   1,707 1,124
2,912   100 2,812
1,485   5,162 -3,677
2,737   5,222 -2,485
2,437   4,398 -1,961
1,861   302 1,559
1,464   11,271 -9,807
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       -12,633
b       -39,863
c       327
d       15,898
e       5,576
      -21,465
      0
      0
      5,801
      -16,387
      -140
      729
      614
      1,081
      316
      1,256
      597
      146
      1,321
      -14,550
      -2,031
      -188
      -76
      233
      3,276
      1,985
      2,044
      4,751
      813
      770
      452
      484
      1,048
      587
      980
      1,765
      1,377
      122
      2,189
      14,190
      461
      -29
      632
      1,534
      6,296
      183
      15,932
      1,334
      15,676
      353,401
      2,462
      -787
      -8,102
      -1,567
      681
      397
      694
      26,570
      1,372
      -4,530
      0
      0
      785,099
      32,979
      166,044
      66,648
      66,780
      33,460
      67,014
      13,918
      -1,111
      127
      -6,784
      -800
      1,679
      1,124
      2,812
      -3,677
      -2,485
      -1,961
      1,559
      -9,807
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 1,588,623
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 31,807
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 31,807
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 31,807
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 16,200
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 16,200
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
8 428
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 16,035
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
JANET PETERSON BOARD MEMBER
1.00 		12,000 0 0
PO BOX 6783
EVANSVILLE,IN477190783
CHRISTINE GOERKE HOLLOWAY BOARD MEMBER
1.00 		12,750 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 (2024)
Form 990-PF (2024)
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 (2024)
Form 990-PF (2024)
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
43,901,682
b
Average of monthly cash balances.......................
1b
3,475,008
c
Fair market value of all other assets (see instructions)................
1c
129,729
d
Total (add lines 1a, b, and c).........................
1d
47,506,419
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
47,506,419
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
712,596
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
46,793,823
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,339,691
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
2,339,691
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
31,807
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,807
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,307,884
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,307,884
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
2,307,884
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
2,050,351
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
2,050,351
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,307,884
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,862,004
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,050,351
a Applied to 2023, but not more than line 2a 1,862,004
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 2024 distributable amount..... 188,347
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		2,119,537
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ARAPAHO UNITED METHODIST CHURCH

1400 W ARAPAHO RD
RICHARDSON,TX75080 		  PC DONATION 5,000

BEA GADDY FAMILY CENTERS INC

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

BUTLER UNIVERSITY

4600 SUNSET AVE
INDIANAPOLIS,IN46208 		  PC DONATION 2,000

DAN SCISM COLLEGE SCHOLARSHIP FUND

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

DREAM CENTER EVANSVILLE

1516 N MAIN ST
EVANSVILLE,IN47711 		  PC DONATION 15,000

EVANSVILLE PHILHARMONIC ORCHESTRA

20 NW 3RD ST 500
EVANSVILLE,IN47708 		  PC DONATION 10,000

EPISCOPAL SCHOOL OF NASHVILLE

1310 ORDWAY PL
NASHVILLE,TN37206 		  PC DONATION 1,250

GRACE UNITED METHODIST CHURCH

3012 S TWYCKENHAM DR
SOUTH BEND,IN46614 		  PC DONATION 1,000

GREAT LAKES CHAMBER MUSIC FESTIVAL

24901 NORTHWESTERN HIGHWAY SUITE
312
SOUTHFIELD,MI48075 		  PC DONATION 3,000

HELEN B GOODLIN FOUNDATION

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

MANATEE TECHNICAL COLLEGE

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

MATTHEW 25 INC

101 NW 1ST ST 215
EVANSVILLE,IN47713 		  PC DONATION 500

MATTINGLY CHARITIES

2 CORPORATE DRIVE STE 923
SHELTON,CT06484 		  PC GRANT 8,000

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

NAVY LEAGUE MEMPHIS COUNCIL

2095 EXESTER RD SUITE 80-377
GERMANTOWN,TN38138 		  PC DONATION 5,000

NETWORK OF COMMUNITY MINISTRIES

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

NORTH UNITED METHODIST CHURCH

4201 STRINGTOWN ROAD
EVANSVILLE,IN47711 		  PC DONATION 2,000

OPERA ON TAP

190 OCEAN PARKWAY 3
BROOKLYN,NY11218 		  PC DONATION 5,000

PALM BEACH ATLANTIC UNIVERSITY

901 S FLAGLER DR
WEST PALM BEACH,FL33401 		  PC DONATION 5,000

SARASOTA OPERA ASSOCIATION

1 N PINEAPPLE AVE
SARASOTA,FL34236 		  PC YOUTH OPERA PLEDGE 105,000

ST DAVID'S EPISCOPAL CHURCH

6501 PENNYWELL DR
NASHVILLE,TN37205 		  PC DONATION 516

ST LUKE'S COMMUNITY HOUSE

5601 NEW YORK AVE
NASHVILLE,TN37209 		  PC GRANT 250

STUDIO TENN THEATRE COMPANY

230 FRANKLIN RD
FRANKLIN,TN37064 		  PC DONATION 9,000

SUMMER STOCK STAGE

PO BOX 55012
INDIANAPOLIS,IN46205 		  PC DONATION 1,000

SYNERGY WESLEY FOUNDATION

3000 NORTHSIDE BLVD 2-116
RICHARDSON,TX75080 		  PC DONATION 500

TENNESSEE GOLF FOUNDATION

400 FRANKLIN ROAD
FRANKLIN,TN37069 		  PC SCHOLARSHIP 40,000

TRANSFORMATION LIFE CENTER

395 FLOYD ACKERT ROAD
WEST PARK,NY12493 		  PC DONATION 400

TRINITY UNITED METHODIST CHURCH

216 SE 3RD ST
EVANSVILLE,IN47713 		  PC DONATION 20,000

TRANSFORMATION NASHVILLE

1319 RIVERWOOD DR
NASHVILLE,TN37216 		  PC DONATION 20,000

UMOJA PARTNERSHIP INC

1300 E 86TH ST
INDIANAPOLIS,IN46240 		  PC DONATION 3,000

UNITED METHODIST COMMITTEE ON RELIEF

458 PONCE DE LEON AVENEUE NE
BUILDING A SUITE 1
ATLANTA,GA30308 		  PC DONATION 1,000

UNIVERSITY OF EVANSVILLE

1800 LINCOLN AVE
EVANSVILLE,IN47722 		  PC DONATION 25,000

YMCA CAMP CARSON

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

YMCA OF METROPOLITAN DALLAS

146 TOWN CENTER BLVD
COPPELL,TX75019 		  PC DONATION 500
Total .................................right arrow 3a 412,666
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2,975  
4 Dividends and interest from securities ....     14 749,901  
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 .....     15 124,661  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,588,623  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aAPPLICANT FEES 		        26,676
bBOARD MEMBERSHIP FEES         900
cSCHMIDT SUMMER INSTITUTE         21,390
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,466,160 48,966
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,515,126
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
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 Phone no.
Form 990-PF (2024)
Additional Data


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 61,880 10,477   51,403

TY 2024 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 19,514,063 19,926,373

TY 2024 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 14,392,808 29,120,603

TY 2024 LegalFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 1,334 1,179   155


TY 2024 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 61,153 56,971 56,971
WEBSITE 2,139 0 0
SECURITY DEPOSIT 599 599 599


TY 2024 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 257 0   257
DUES 3,892 0   3,892
INSURANCE 9,681 3,925   5,756
INVESTMENT FEES 139,324 139,324   0
OFFICE SUPPLIES 13,795 707   13,088
POSTAGE 10,546 0   10,546
TRAVEL 174,304 2,221   172,083
ADVERTISING 66,027 0   66,027
MARKETING 15,786 0   15,786
AMORTIZATION 2,139 428   1,711
UTILITIES 8,417 0   8,417
WEBSITE 18,563 0   18,563
COMPETITION EXPENSES 352,487 0   352,487
SCHOLARSHIP PAYMENTS 472,500 0   472,500
CONFERENCES 4,680 0   4,680
SCHMIDT VOCAL INSTITUTE 35,867 0   35,867
GRANTS AWARDED 2,836 0   2,836
REGISTRATIONS 350 0   350
CONTINUING PORFESSIONAL EDUCATION 338 0   338
INTEREST EXPENSE 22 0   22


TY 2024 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-1 124,661 124,661 124,661
APPLICANT FEES 26,676   26,676
BOARD MEMBERSHIP FEES 900   900
SCHMIDT SUMMER INSTITUTE 21,390   21,390


TY 2024 OtherLiabilitiesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Description Beginning of Year - Book Value End of Year - Book Value
TAXES WITHHELD 8,108 1,812


TY 2024 OtherProfessionalFeesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 26,691 1,000   25,691
IT FEES 7,344 0   7,344
PROFESSIONAL FEES 34,213 0   34,213


TY 2024 TaxesSchedule
Name:
WILLIAM E SCHMIDT FOUNDATION INC
EIN:
35-1884241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED PAYMENTS 16,200 0   0
TAX DUE WITH PRIOR YEAR RETURN 22,432 0   0
TAXES - OTHER 506 24   482
PAYROLL TAX 16,324 0   16,324
PENALTIES 1,719 0   0