Grace M Schulte Foundation
Only null% goes to programs Strong reserves Growing revenue
Grace M Schulte Foundation is a 501(c)(3) organization based in Saint Paul, Minnesota, registered in 1995, with $161,856 in FY2024 revenue. CharityIndex grades it C+.
Po Box 64193, Saint Paul, MN, 55164 EIN 47-6199193 Since 1995
Revenue (FY2024)
$162K
▲ 25.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$76K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Grace M Schulte Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating258 mo reserves · +53% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace M Schulte Foundation: 258 mo reserves · +53% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Grace M Schulte Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace M Schulte Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 64193, Saint Paul, MN, 55164
- City
- Saint Paul
- State
- Minnesota
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $165K (FY2013) to $162K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.6M
Operating margin
53.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$0
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $161,856▲25.2% | $75,743▼33.5% | $1,631,044▲5.6% | $1,631,044▲5.6% | 990PF |
| 2023 | $129,288▼18.0% | $113,979▲3.2% | $1,544,938▲1.0% | $1,544,938▲1.0% | 990PF |
| 2022 | $157,602▲125% | $110,490▼19.9% | $1,529,674▲3.2% | $1,529,674▲3.2% | 990PF |
| 2021 | $70,150▼60.7% | $137,994▲42.3% | $1,482,561▼4.4% | $1,482,561▼4.4% | 990PF |
| 2020 | $178,663▲61.3% | $96,963▼6.5% | $1,550,418▲5.6% | $1,550,418▲5.6% | 990PF |
| 2019 | $110,787▲152% | $103,707▼7.0% | $1,468,717▲0.5% | $1,468,717▲0.5% | 990PF |
| 2018 | $43,890▼67.0% | $111,475▲19.3% | $1,461,628▼4.4% | $1,461,628▼4.4% | 990PF |
| 2017 | $132,846▲73.3% | $93,421▼7.1% | $1,529,258▲2.6% | $1,529,258▲2.6% | 990PF |
| 2016 | $76,659▼26.8% | $100,542▼5.1% | $1,489,828▼1.6% | $1,489,828▼1.6% | 990PF |
| 2015 | $104,660▼36.6% | $105,972▲21.7% | $1,513,711▼2.1% | $1,513,711▼2.1% | 990PF |
| 2013 | $165,137 | $87,073▼20.3% | $1,545,572▲5.3% | $1,545,572▲5.3% | 990PF |
| 2012 | — | $109,264▲46.3% | $1,467,508▲3.0% | $1,467,508▲3.0% | 990PF |
| 2011 | — | $74,689▼32.6% | $1,425,157▼1.9% | $1,425,157▼1.9% | 990PF |
| 2010 | — | $110,766 | $1,453,246 | $1,453,246 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Grace M Schulte Foundation a legitimate nonprofit?
- Yes. Grace M Schulte Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-6199193, based in Saint Paul, Minnesota. Donations are tax-deductible.
- What is Grace M Schulte Foundation's EIN?
- Grace M Schulte Foundation's Employer Identification Number (EIN) is 47-6199193.
- How much revenue does Grace M Schulte Foundation report?
- Grace M Schulte Foundation reported $161,856 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Grace M Schulte Foundation have?
- CharityIndex grades Grace M Schulte Foundation C+, based on financial health (reserves and operating margin).
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Data for Grace M Schulte Foundation (EIN 47-6199193) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.