Nonprofit · EIN 35-1884241
WILLIAM E SCHMIDT FOUNDATION INC
Tax-exempt · EVANSVILLE, IN 47719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $13,951,569 | $2,800,762 | $11,150,807 | $45,545,268 | $15,112 | $45,530,156 |
| December 31, 2024 | 990-PF | $2,515,926 | $2,268,564 | $247,362 | $34,389,588 | $10,239 | $34,379,349 |
| December 31, 2023 | 990-PF | $2,242,063 | $2,190,718 | $51,345 | $34,147,625 | $15,638 | $34,131,987 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,100
- Dividends
- $941,544
- Interest
- $2,089
- Net gain from sales of assets
- $12,932,164
- Other income
- $74,672
Expenses
- Grants and similar amounts paid
- $364,920
- Compensation of officers, directors and key employees
- $84,000
- Salaries, compensation and benefits (total)
- $253,026
- Disbursements for charitable purposes
- $2,389,988
- Excise tax on investment income
- $190,639
Balance sheet and other
- Total assets, start of year
- $34,389,588
- Total assets, end of year
- $45,545,268
- Total liabilities, end of year
- $15,112
- Net assets, end of year
- $45,530,156
- Fair market value of assets
- $52,786,587
- Qualifying distributions
- $2,389,988
- Net investment income
- $13,899,768
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHESTER SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | CHAIRMAN | 1 | $12,000 |
| DOUGLAS SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | TREASURER | 1 | $12,000 |
| J MICHAEL SMALL PO BOX 6783, EVANSVILLE, IN 477190783 | SECRETARY | 1 | $12,000 |
| ELIZABETH HAMILTON PO BOX 6783, EVANSVILLE, IN 477190783 | PRESIDENT | 1 | $12,000 |
| CHESTER SCHMIDT IV PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,000 |
| JANET PETERSON PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,000 |
| CHRISTINE GOERKE HOLLOWAY PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,000 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE GOERKE HOLLOWAY PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,750 |
| CHESTER SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | CHAIRMAN | 1 | $12,000 |
| DOUGLAS SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | TREASURER | 1 | $12,000 |
| J MICHAEL SMALL PO BOX 6783, EVANSVILLE, IN 477190783 | SECRETARY | 1 | $12,000 |
| LISA HAMILTON PO BOX 6783, EVANSVILLE, IN 477190783 | PRESIDENT | 1 | $12,000 |
| CHESTER SCHMIDT IV PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,000 |
| JANET PETERSON PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $12,000 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHESTER SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | CHAIRMAN | 1 | $12,000 |
| DOUGLAS SCHMIDT PO BOX 6783, EVANSVILLE, IN 477190783 | TREASURER | 1 | $12,000 |
| J MICHAEL SMALL PO BOX 6783, EVANSVILLE, IN 477190783 | SECRETARY | 1 | $12,000 |
| LISA HAMILTON PO BOX 6783, EVANSVILLE, IN 477190783 | PRESIDENT | 1 | $12,000 |
| CHESTER SCHMIDT IV PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $4,000 |
| JANET PETERSON PO BOX 6783, EVANSVILLE, IN 477190783 | BOARD MEMBER | 1 | $4,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 6783, EVANSVILLE, IN 47719-0783
- In care of
- % WILLIAM E SCHMIDT
- Signed the 990-PF
- CHESTER SCHMIDT, CHAIRMAN OF THE BOARD
- Phone
- (812) 464-9161
- Website
- SCHMIDTCOMPETITION.ORG
- Return prepared by
- HARDING SHYMANSKI & CO PSC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-1884241
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $45,545,268
- Income (IRS master file)
- $24,325,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $13,951,569 | $2,800,762 | $45,545,268 | IRS |
| 990-PF | December 2024 | $2,515,926 | $2,268,564 | $34,389,588 | IRS |
| 990-PF | December 2023 | $2,242,063 | $2,190,718 | $34,147,625 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1884241).
Questions about WILLIAM E SCHMIDT FOUNDATION INC
- What is the EIN of WILLIAM E SCHMIDT FOUNDATION INC?
- The employer identification number (EIN) of WILLIAM E SCHMIDT FOUNDATION INC is 35-1884241.
- Is WILLIAM E SCHMIDT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to WILLIAM E SCHMIDT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM E SCHMIDT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM E SCHMIDT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM E SCHMIDT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of WILLIAM E SCHMIDT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $12,000 (CHESTER SCHMIDT, CHAIRMAN).
- How much revenue does WILLIAM E SCHMIDT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $13,951,569, expenses of $2,800,762 and total assets of $45,545,268 at year end.
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