Nonprofit · EIN 35-2284008
OLIN B AND DESTA SCHWAB FOUNDATION INC
Tax-exempt · FORT WAYNE, IN 46807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $161,179 | $219,367 | -$58,188 | $3,440,568 | $0 | $3,440,568 |
| June 30, 2024 | 990-PF | $336,987 | $241,021 | $95,966 | $3,498,756 | $0 | $3,498,756 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $93,447
- Net gain from sales of assets
- $67,732
Expenses
- Grants and similar amounts paid
- $186,000
- Disbursements for charitable purposes
- $211,540
- Excise tax on investment income
- $2,132
Balance sheet and other
- Total assets, start of year
- $3,498,756
- Total assets, end of year
- $3,440,568
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,440,568
- Fair market value of assets
- $4,118,564
- Qualifying distributions
- $211,540
- Net investment income
- $161,179
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE MARTIN 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | PRESIDENT | 0.5 | $0 |
| KELLI PACKNETT 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | VICE PRESIDE | 0.5 | $0 |
| MICHAEL EARLS 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | TREASURER | 0.5 | $0 |
| SHERRY GRATE 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | SECRETARY | 0.5 | $0 |
| MARK BOYD 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| SUE EHINGER 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| HEATHER HERRON 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| M JAMES JOHNSTON 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| DAN MICHAEL 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| AMOS NORMAN 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| TODD ROBERTS 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
| GARY SHEARER 2810 BEAVER AVENUE, FORT WAYNE, IN 46807 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE MARTIN 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | PRESIDENT | 0.5 | $0 |
| KELLI PACKNETT 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | VICE PRESIDE | 0.5 | $0 |
| MICHAEL EARLS 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | TREASURER | 0.5 | $0 |
| SUE EHINGER 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
| SHERRY GRATE 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | SECRETARY | 0.5 | $0 |
| HEATHER HERRON 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
| M JAMES JOHNSTON 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
| AMOS NORMAN 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
| TODD ROBERTS 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
| GARY SHEARER 6526 CONSTITUTION DRIVE, FORT WAYNE, IN 46804 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2810 BEAVER AVE, FORT WAYNE, IN 46807-1532
- In care of
- % M JAMES JOHNSTON
- Signed the 990-PF
- MICHAEL EARLS, TREASURER
- Phone
- (260) 602-7986
- Website
- SCHWABFOUNDATION.COM
- Return prepared by
- DULIN WARD & DEWALD INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-2284008
- 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
- 2007
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,440,568
- Income (IRS master file)
- $295,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $161,179 | $219,367 | $3,440,568 | XML |
| 990-PF | June 2024 | $336,987 | $241,021 | $3,498,756 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | 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 35-2284008).
Questions about OLIN B AND DESTA SCHWAB FOUNDATION INC
- What is the EIN of OLIN B AND DESTA SCHWAB FOUNDATION INC?
- The employer identification number (EIN) of OLIN B AND DESTA SCHWAB FOUNDATION INC is 35-2284008.
- Is OLIN B AND DESTA SCHWAB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to OLIN B AND DESTA SCHWAB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OLIN B AND DESTA SCHWAB FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OLIN B AND DESTA SCHWAB FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLIN B AND DESTA SCHWAB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of OLIN B AND DESTA SCHWAB FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does OLIN B AND DESTA SCHWAB FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $161,179, expenses of $219,367 and total assets of $3,440,568 at year end.
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