Nonprofit · EIN 47-0800637
MARVIN AND VIRGINA SCHMID FOUNDATION
Tax-exempt · OMAHA, NE 68154
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,794,040 | $2,344,645 | $449,395 | $28,618,044 | $3,426 | $28,614,618 |
| December 31, 2024 | 990-PF | $2,804,811 | $2,183,288 | $621,523 | $28,187,427 | $3,426 | $28,184,001 |
| December 31, 2023 | 990-PF | $1,731,206 | $2,188,923 | -$457,717 | $27,558,147 | $3,426 | $27,554,721 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $952,905
- Net gain from sales of assets
- $1,841,135
Expenses
- Grants and similar amounts paid
- $1,866,549
- Compensation of officers, directors and key employees
- $75,000
- Disbursements for charitable purposes
- $1,866,549
- Excise tax on investment income
- $32,845
Balance sheet and other
- Total assets, start of year
- $28,187,427
- Total assets, end of year
- $28,618,044
- Total liabilities, end of year
- $3,426
- Net assets, end of year
- $28,614,618
- Fair market value of assets
- $40,590,427
- Qualifying distributions
- $1,866,549
- Net investment income
- $2,794,040
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 |
|---|---|---|---|
| MARTHA ROGERS DAVIS 909 VANNORNAM PLACE 909 VANNORNAM, PLACE, BELLEVUE, NE 68005 | DIRECTOR/PRESIDENT | 20 | $50,000 |
| PAIGE NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68061 | DIRECTOR | 0 | $5,000 |
| ERIC SCHMID 19225 SW 41ST STREET 19225 SW 41ST, STREET, MIRAMAR, FL 33029 | DIRECTOR | 0 | $5,000 |
| MARY SCHMID NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68601 | DIRECTOR | 0 | $5,000 |
| HEIDI WILSON PO BOX 2598, SILVERTHORNE, CO 80498 | SECRETARY | 0 | $5,000 |
| CHRIS DAVIS 28851 FONDA RD 28851 FONDA RD, FIRTH, NE 68358 | DIRECTOR/VICE PRES | 0 | $5,000 |
| MICHAEL SULLIVAN 1500 WOODMEN TOWER 1500 WOODMEN, TOWER, OMAHA, NE 68112 | DIRECTOR | 0 | $0 |
| STEVEN WADE 14010 FNB PARKWAY SUITE 200 14010, FNB PARKWAY SUITE 200, OMAHA, NE 68154 | TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA ROGERS DAVIS 909 VANNORNAM PLACE 909 VANNORNAM, PLACE, BELLEVUE, NE 68005 | DIRECTOR/PRESIDENT | 20 | $50,000 |
| PAIGE NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68061 | DIRECTOR | 0 | $5,000 |
| ERIC SCHMID 19225 SW 41ST STREET 19225 SW 41ST, STREET, MIRAMAR, FL 33029 | DIRECTOR | 0 | $5,000 |
| MARY SCHMID NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68601 | DIRECTOR | 0 | $5,000 |
| HEIDI WILSON PO BOX 2598, SILVERTHORNE, CO 80498 | SECRETARY | 0 | $5,000 |
| CHRIS DAVIS 28851 FONDA RD 28851 FONDA RD, FIRTH, NE 68358 | DIRECTOR/VICE PRES | 0 | $5,000 |
| MICHAEL SULLIVAN 1500 WOODMEN TOWER 1500 WOODMEN, TOWER, OMAHA, NE 68112 | DIRECTOR | 0 | $0 |
| STEVEN WADE 14010 FNB PARKWAY SUITE 200 14010, FNB PARKWAY SUITE 200, OMAHA, NE 68154 | TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA ROGERS DAVIS 909 VANNORNAM PLACE 909 VANNORNAM, PLACE, BELLEVUE, NE 68005 | DIRECTOR/PRESIDENT | 20 | $50,000 |
| PAIGE NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68061 | DIRECTOR | 0 | $5,000 |
| ERIC SCHMID 19225 SW 41ST STREET 19225 SW 41ST, STREET, MIRAMAR, FL 33029 | DIRECTOR | 0 | $5,000 |
| MARY SCHMID NORTON 35 COTTONWOOD DRIVE 35 COTTONWOOD, DRIVE, COLUMBUS, NE 68601 | DIRECTOR | 0 | $5,000 |
| HEIDI WILSON PO BOX 2598, SILVERTHORNE, CO 80498 | SECRETARY | 0 | $5,000 |
| CHRIS DAVIS 28851 FONDA RD 28851 FONDA RD, FIRTH, NE 68358 | DIRECTOR/VICE PRES | 0 | $5,000 |
| MICHAEL SULLIVAN 1500 WOODMEN TOWER 1500 WOODMEN, TOWER, OMAHA, NE 68112 | DIRECTOR | 0 | $0 |
| BROOKE SMITHBERG 14010 FNB PARKWAY SUITE 200 14010, FNB PARKWAY SUITE 200, OMAHA, NE 68154 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 14010 FNB PKWY STE 200, OMAHA, NE 68154-5235
- In care of
- % FIRST NATIONAL BANK OF OMAHA
- Signed the 990-PF
- MARTHA DAVIS, DIRECTOR/PRESIDENT
- Phone
- (402) 397-1999
- Return prepared by
- AVIOR TAX & ACCOUNTING LLC
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
- 47-0800637
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $28,618,044
- Income (IRS master file)
- $7,649,298
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,794,040 | $2,344,645 | $28,618,044 | IRS |
| 990-PF | December 2024 | $2,804,811 | $2,183,288 | $28,187,427 | IRS |
| 990-PF | December 2023 | $1,731,206 | $2,188,923 | $27,558,147 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 47-0800637).
Questions about MARVIN AND VIRGINA SCHMID FOUNDATION
- What is the EIN of MARVIN AND VIRGINA SCHMID FOUNDATION?
- The employer identification number (EIN) of MARVIN AND VIRGINA SCHMID FOUNDATION is 47-0800637.
- Is MARVIN AND VIRGINA SCHMID FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to MARVIN AND VIRGINA SCHMID FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARVIN AND VIRGINA SCHMID FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARVIN AND VIRGINA SCHMID FOUNDATION 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 MARVIN AND VIRGINA SCHMID FOUNDATION 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 MARVIN AND VIRGINA SCHMID FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 6 received compensation from the organization, the highest $50,000 (MARTHA ROGERS DAVIS, DIRECTOR/PRESIDENT).
- How much revenue does MARVIN AND VIRGINA SCHMID FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,794,040, expenses of $2,344,645 and total assets of $28,618,044 at year end.
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All nonprofits in OMAHA · Nebraska · Philanthropy, voluntarism and grantmaking foundations