William J & Barbara A Schmidt Family Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 336,830 | 1,036,843 | −700,013 | 78.2 | 0% |
| 2021 | 613,843 | 396,722 | 217,121 | 293.7 | 0% |
| 2022 | 409,024 | 1,400,779 | −991,755 | 55.5 | 0% |
| 2023 | 794,033 | 854,276 | −60,243 | 98.9 | 0% |
In its most recent public year (2023), this organization spent $60,243 more than it brought in. Its reserves stood at about 98.9 months of spending, up from 78.2 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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