Nonprofit · EIN 91-1746414
SCHULTZ FAMILY FOUNDATION
Tax-exempt · SEATTLE, WA 98103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $27,378,344 | $24,983,454 | $2,394,890 | $355,214,490 | $21,436 | $355,193,054 |
| December 31, 2023 | 990-PF | $11,660,132 | $19,618,861 | -$7,958,729 | $375,194,129 | $37,126 | $375,157,003 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $9,144,441
- Interest
- $2,355,791
- Net gain from sales of assets
- $15,675,893
- Other income
- $202,219
Expenses
- Grants and similar amounts paid
- $12,144,851
- Compensation of officers, directors and key employees
- $640,953
- Salaries, compensation and benefits (total)
- $6,587,159
- Disbursements for charitable purposes
- $24,512,116
- Excise tax on investment income
- $376,636
Balance sheet and other
- Total assets, start of year
- $375,194,129
- Total assets, end of year
- $355,214,490
- Total liabilities, end of year
- $21,436
- Net assets, end of year
- $355,193,054
- Fair market value of assets
- $355,214,490
- Qualifying distributions
- $24,512,116
- Net investment income
- $27,168,073
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIE GROARK 1329 N 47TH ST 31817, SEATTLE, WA 98103 | MANAGING DIRECTOR, P Highest-paid employee | 40 | $457,805 | $45,695 |
| VIVEK VARMA 1329 N 47TH ST 31817, SEATTLE, WA 98103 | VICE CHAIR | 35 | $427,812 | $58,113 |
| RAJIV CHANDRASEKARAN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | MANAGING DIRECTOR, P Highest-paid employee | 40 | $414,923 | $62,077 |
| JUDITH DUBIN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | HEAD OF CONTENT Highest-paid employee | 40 | $228,904 | $43,096 |
| RENEE RYAN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | COO & GEN. COUNSEL | 20 | $213,141 | $14,359 |
| MARTHA HARTMAN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | SOCIAL IMPACT ENTREP Highest-paid employee | 40 | $191,249 | $23,963 |
| KRIS GODDARD 1329 N 47TH ST 31817, SEATTLE, WA 98103 | PROGRAM OFFICER Highest-paid employee | 40 | $150,373 | $41,777 |
| SHERI KERSCH-SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 25 | $0 | $0 |
| HOWARD SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 10 | $0 | $0 |
| ADDISON SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 3 | $0 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TYRA MARIANI 1329 N 47TH ST 31817, SEATTLE, WA 98103 | PRESIDENT (THRU 09/2023) | 38 | $529,678 | $36,365 |
| DAVID HINSON 1329 N 47TH ST 31817, SEATTLE, WA 98103 | MANAGING DIRECTOR Highest-paid employee | 38 | $384,992 | $42,405 |
| ZACK HUTSON 1329 N 47TH ST 31817, SEATTLE, WA 98103 | CHIEF COMMUNICATIONS Highest-paid employee | 28 | $267,750 | $26,640 |
| NWANDO OBELE 1329 N 47TH ST 31817, SEATTLE, WA 98103 | CHIEF LEARNING & IMP Highest-paid employee | 38 | $265,050 | $37,630 |
| MARIE GROARK 1329 N 47TH ST 31817, SEATTLE, WA 98103 | MANAGING DIRECTOR Highest-paid employee | 38 | $261,250 | $26,282 |
| RENEE RYAN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | COO & GEN. COUNSEL | 20 | $237,930 | $13,689 |
| RAJIV CHANDRASEKARAN 1329 N 47TH ST 31817, SEATTLE, WA 98103 | MANAGING DIRECTOR Highest-paid employee | 30 | $223,125 | $31,260 |
| SHERI KERSCH-SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 25 | $0 | $0 |
| HOWARD SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 5 | $0 | $0 |
| ADDISON SCHULTZ 1329 N 47TH ST 31817, SEATTLE, WA 98103 | TRUSTEE | 3 | $0 | $0 |
| VIVEK VARMA 1329 N 47TH ST 31817, SEATTLE, WA 98103 | VICE CHAIR | 25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1329 N 47TH ST UNIT 31817, SEATTLE, WA 98103-6889
- In care of
- % ALISON GREEN COO
- Signed the 990-PF
- RENEE RYAN, COO & GEN. COUNSEL
- Phone
- (206) 492-5420
- Return prepared by
- GRANT THORNTON ADVISORS 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 | Not 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
- 91-1746414
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $355,214,490
- Income (IRS master file)
- $39,743,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $27,378,344 | $24,983,454 | $355,214,490 | IRS |
| 990-PF | December 2023 | $11,660,132 | $19,618,861 | $375,194,129 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | June 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 91-1746414).
Questions about SCHULTZ FAMILY FOUNDATION
- What is the EIN of SCHULTZ FAMILY FOUNDATION?
- The employer identification number (EIN) of SCHULTZ FAMILY FOUNDATION is 91-1746414.
- Is SCHULTZ FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to SCHULTZ FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SCHULTZ FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SCHULTZ FAMILY FOUNDATION 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 SCHULTZ FAMILY FOUNDATION 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 SCHULTZ FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization, the highest $457,805 (MARIE GROARK, MANAGING DIRECTOR, P).
- How much revenue does SCHULTZ FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,378,344, expenses of $24,983,454 and total assets of $355,214,490 at year end.
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