Robert E and Patricia A Schmidt Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Robert E and Patricia A Schmidt Foundation is a 501(c)(3) organization based in Hays, Kansas, registered in 1990, with $6,248,615 in FY2024 revenue. CharityIndex grades it C+.
1011 W 27th St F-2, Hays, KS, 67601 EIN 48-1077463 Since 1990
Revenue (FY2024)
$6.2M
▼ 12.3% vs prior year
Expenses (FY2024)
$4.7M
Net assets
$65.6M
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 Robert E and Patricia A Schmidt 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 rating166 mo reserves · +24% 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 Robert E and Patricia A Schmidt Foundation: 166 mo reserves · +24% 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 Robert E and Patricia A Schmidt 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 Robert E and Patricia A Schmidt Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $6.5M (FY2016) to $6.2M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $25KNet assets $65.6M
Operating margin
24.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$65.6M
Total liabilities
$25K
Net assets
$65.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,248,615▼12.3% | $4,731,744▲5.1% | $65,565,589▲2.2% | $65,590,589▲2.2% | 990PF |
| 2023 | $7,121,017▲64.9% | $4,500,345▼3.9% | $64,153,631▲4.0% | $64,178,631▲4.1% | 990PF |
| 2022 | $4,318,117▲3.3% | $4,684,524▲2.3% | $61,657,273▼0.9% | $61,657,273▼0.9% | 990PF |
| 2021 | $4,179,897▲31.1% | $4,577,328▲12.0% | $62,190,844▼0.7% | $62,190,844▼0.7% | 990PF |
| 2020 | $3,187,235▼87.9% | $4,087,655▲46.0% | $62,642,391▼1.4% | $62,642,391▼1.4% | 990PF |
| 2019 | $26,330,056▲217% | $2,800,594▲50.7% | $63,510,811▲58.9% | $63,510,811▲58.9% | 990PF |
| 2018 | $8,296,212▼47.2% | $1,858,428▲87.8% | $39,981,349▲19.2% | $39,981,349▲19.2% | 990PF |
| 2017 | $15,698,759▲141% | $989,380▲62.0% | $33,543,565▲78.1% | $33,543,565▲78.1% | 990PF |
| 2016 | $6,513,251 | $610,800▲43.4% | $18,834,186▲90.2% | $18,834,186▲90.2% | 990PF |
| 2011 | — | $425,927 | $9,902,864 | $9,902,864 | 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.
Frequently asked questions
- Is Robert E and Patricia A Schmidt Foundation a legitimate nonprofit?
- Yes. Robert E and Patricia A Schmidt Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-1077463, based in Hays, Kansas. Donations are tax-deductible.
- What is Robert E and Patricia A Schmidt Foundation's EIN?
- Robert E and Patricia A Schmidt Foundation's Employer Identification Number (EIN) is 48-1077463.
- How much revenue does Robert E and Patricia A Schmidt Foundation report?
- Robert E and Patricia A Schmidt Foundation reported $6,248,615 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Robert E and Patricia A Schmidt Foundation have?
- CharityIndex grades Robert E and Patricia A Schmidt Foundation C+, based on financial health (reserves and operating margin).
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Data for Robert E and Patricia A Schmidt Foundation (EIN 48-1077463) 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.