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Nonprofit · EIN 82-0497599

LEE W SCHMIDT SCHOLARSHIP TRUST FUND

Tax-exempt · TWIN FALLS, ID 83301

Financials

$38K$37K2023$50K$45K2024
Revenue Expenses · by fiscal year end
Financials of LEE W SCHMIDT SCHOLARSHIP TRUST FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$50,116$45,198$4,918$529,400$0$529,400
December 31, 2023990-PF$37,951$36,675$1,276$524,482$0$524,482
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$26,054
Interest
$5,265
Net gain from sales of assets
$18,797

Expenses

Grants and similar amounts paid
$36,750
Compensation of officers, directors and key employees
$6,300
Disbursements for charitable purposes
$36,750
Excise tax on investment income
$579

Balance sheet and other

Total assets, start of year
$524,482
Total assets, end of year
$529,400
Total liabilities, end of year
$0
Net assets, end of year
$529,400
Qualifying distributions
$36,750
Net investment income
$50,116

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
RAY STROLBERG
2134 JULIE LANE, TWIN FALLS, ID 83301
Trustee0$5,000
TIFFANY UNGER
3575 E 3750 N, KIMBERLY, ID 83314
Trustee0$325
MEL HENRY
3363 E 3500 N, KIMBERLY, ID 83341
Trustee0$325
SAUNDRA STROLBERG
2134 JULIE LANE, TWIN FALLS, ID 83301
Trustee0$325
KATHLEEN SHEWMAKER
3351 EAST 3400 NORTH, KIMBERLY, ID 83341
Trustee0$325
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
RAY STROLBERG
2134 JULIE LANE, TWIN FALLS, ID 83301
Trustee0$5,000
JANET COONTS
648 BUCHANAN STREET, TWIN FALLS, ID 83301
Trustee0$325
DAN SHOEMAKER
3528 EAST 3600 NORTH, KIMBERLY, ID 83341
Trustee0$325
MEL HENRY
3363 E 3500 N, KIMBERLY, ID 83341
Trustee0$325
SAUNDRA STROLBERG
2134 JULIE LANE, TWIN FALLS, ID 83301
Trustee0$325
KATHLEEN SHEWMAKER
3351 EAST 3400 NORTH, KIMBERLY, ID 83341
Trustee0$325

Address and contacts

Address (IRS master file)
C/O HATCH CO 225 CANYON CREST DR 10, TWIN FALLS, ID 83301-0000
In care of
% HATCH & CO
Signed the 990-PF
RAY STROLBERG, Trustee
Phone
(208) 733-6400
Return prepared by
HATCH & COMPANY PLLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
82-0497599
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
1998
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$529,400
Income (IRS master file)
$73,076

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$50,116$45,198$529,400XML
990-PFDecember 2023$37,951$36,675$524,482XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 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 82-0497599).

Questions about LEE W SCHMIDT SCHOLARSHIP TRUST FUND

What is the EIN of LEE W SCHMIDT SCHOLARSHIP TRUST FUND?
The employer identification number (EIN) of LEE W SCHMIDT SCHOLARSHIP TRUST FUND is 82-0497599.
Is LEE W SCHMIDT SCHOLARSHIP TRUST FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to LEE W SCHMIDT SCHOLARSHIP TRUST FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LEE W SCHMIDT SCHOLARSHIP TRUST FUND file?
Form 990-PF. Private foundations file every year.
When is the next return of LEE W SCHMIDT SCHOLARSHIP TRUST FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEE W SCHMIDT SCHOLARSHIP TRUST FUND last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of LEE W SCHMIDT SCHOLARSHIP TRUST FUND?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $5,000 (RAY STROLBERG, Trustee).
How much revenue does LEE W SCHMIDT SCHOLARSHIP TRUST FUND have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $50,116, expenses of $45,198 and total assets of $529,400 at year end.

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