The William & Jean Schulte Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
The William & Jean Schulte Foundation Inc is a 501(c)(3) organization based in Woodbine, Maryland, registered in 1985, with $22,148 in FY2023 revenue. CharityIndex grades it F.
2215 Duvall Rd, Woodbine, MD, 21797 EIN 52-1377945 Since 1985
Revenue (FY2023)
$22K
▲ 94.9% vs prior year
Expenses (FY2023)
$35K
Net assets
$639K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 The William & Jean Schulte Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating219 mo reserves · -58% 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 The William & Jean Schulte Foundation Inc: 219 mo reserves · -58% margin earns a F 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 The William & Jean Schulte Foundation Inc— 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 The William & Jean Schulte Foundation Inc: 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 $43K (FY2014) to $22K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $639K
Operating margin
-58.3%
Spent more than it raised in the latest fiscal year.
Total assets
$639K
Total liabilities
$0
Net assets
$639K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $22,148▲94.9% | $35,050▼7.7% | $638,783▼2.0% | $638,783▼2.0% | 990PF |
| 2022 | $11,366▼85.1% | $37,970▲20.4% | $651,685▼3.9% | $651,685▼3.9% | 990PF |
| 2021 | $76,429▼43.8% | $31,530▼4.7% | $678,289▲7.1% | $678,289▲7.1% | 990PF |
| 2020 | $135,938▲78.4% | $33,072▲4.6% | $633,390▲19.4% | $633,390▲19.4% | 990PF |
| 2019 | $76,192▲106% | $31,624▲4.0% | $530,524▲9.2% | $530,524▲9.2% | 990PF |
| 2018 | $37,011▲5.3% | $30,417▲17.5% | $485,956▲1.4% | $485,956▲1.4% | 990PF |
| 2017 | $35,142▲32.1% | $25,886▼13.0% | $479,362▲2.0% | $479,362▲2.0% | 990PF |
| 2016 | $26,602▲3.6% | $29,764▲320% | $470,106▼0.7% | $470,106▼0.7% | 990PF |
| 2015 | $25,666▼40.3% | $7,080▼78.2% | $473,268▲4.1% | $473,268▲4.1% | 990PF |
| 2014 | $42,980 | $32,521▲313% | $454,682▲35.4% | $454,682▲35.4% | 990PF |
| 2010 | — | $7,867 | $335,716 | $335,716 | 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 The William & Jean Schulte Foundation Inc a legitimate nonprofit?
- Yes. The William & Jean Schulte Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1377945, based in Woodbine, Maryland. Donations are tax-deductible.
- What is The William & Jean Schulte Foundation Inc's EIN?
- The William & Jean Schulte Foundation Inc's Employer Identification Number (EIN) is 52-1377945.
- How much revenue does The William & Jean Schulte Foundation Inc report?
- The William & Jean Schulte Foundation Inc reported $22,148 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The William & Jean Schulte Foundation Inc have?
- CharityIndex grades The William & Jean Schulte Foundation Inc F, based on financial health (reserves and operating margin).
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Data for The William & Jean Schulte Foundation Inc (EIN 52-1377945) 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.