William A Schmidt & Teresa Elliott Schmidt Charitable Foundat
Only null% goes to programs Strong reserves Growing revenue
William A Schmidt & Teresa Elliott Schmidt Charitable Foundat is a 501(c)(3) organization based in Rancho Mirage, California, registered in 2012, with $90,962 in FY2023 revenue. CharityIndex grades it B.
3 Cedar Lake Ct, Rancho Mirage, CA, 92270 EIN 45-3802754 Since 2012
Revenue (FY2023)
$91K
▲ 46.8% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$71K
Net assets
$623K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 William A Schmidt & Teresa Elliott Schmidt Charitable Foundat— 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 rating105 mo reserves · +22% 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 William A Schmidt & Teresa Elliott Schmidt Charitable Foundat: 105 mo reserves · +22% 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 William A Schmidt & Teresa Elliott Schmidt Charitable Foundat— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 William A Schmidt & Teresa Elliott Schmidt Charitable Foundat: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3 Cedar Lake Ct, Rancho Mirage, CA, 92270
- City
- Rancho Mirage
- State
- California
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue grew from $73K (FY2013) to $91K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $623K
Operating margin
22.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$623K
Total liabilities
$0
Net assets
$623K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $90,962▲46.8% | $70,975▼11.2% | $622,681▲9.3% | $622,681▲9.3% | 990PF |
| 2022 | $61,945▼26.9% | $79,963▲20.1% | $569,573▲10.5% | $569,573▲10.5% | 990PF |
| 2021 | $84,768▲23.9% | $66,558▼28.2% | $515,608▼19.0% | $515,608▼19.0% | 990PF |
| 2020 | $68,402▲81.7% | $92,693▲17.2% | $636,852▲16.1% | $636,852▲16.1% | 990PF |
| 2019 | $37,640▼67.8% | $79,071▲53.4% | $548,557▲43.0% | $548,557▲43.0% | 990PF |
| 2018 | $116,880▲71.9% | $51,556▼32.1% | $383,726▲16.5% | $383,726▲16.5% | 990PF |
| 2017 | $67,977▲7.5% | $75,915▲5.7% | $329,244▼13.9% | $329,244▼13.9% | 990PF |
| 2016 | $63,239▼9.7% | $71,807▲22.7% | $382,501▲26.8% | $382,501▲26.8% | 990PF |
| 2015 | $69,998▲59.8% | $58,523▲12.3% | $301,693▼20.6% | $301,693▼20.6% | 990PF |
| 2014 | $43,817▼39.8% | $52,127▼20.6% | $380,139▼9.3% | $380,139▼9.3% | 990PF |
| 2013 | $72,784 | $65,610▲75.3% | $419,338▲25.4% | $419,338▲25.4% | 990PF |
| 2012 | — | $37,424 | $334,375 | $334,375 | 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 William A Schmidt & Teresa Elliott Schmidt Charitable Foundat a legitimate nonprofit?
- Yes. William A Schmidt & Teresa Elliott Schmidt Charitable Foundat is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-3802754, based in Rancho Mirage, California. Donations are tax-deductible.
- What is William A Schmidt & Teresa Elliott Schmidt Charitable Foundat's EIN?
- William A Schmidt & Teresa Elliott Schmidt Charitable Foundat's Employer Identification Number (EIN) is 45-3802754.
- How much revenue does William A Schmidt & Teresa Elliott Schmidt Charitable Foundat report?
- William A Schmidt & Teresa Elliott Schmidt Charitable Foundat reported $90,962 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does William A Schmidt & Teresa Elliott Schmidt Charitable Foundat have?
- CharityIndex grades William A Schmidt & Teresa Elliott Schmidt Charitable Foundat B, based on financial health (reserves and operating margin).
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Data for William A Schmidt & Teresa Elliott Schmidt Charitable Foundat (EIN 45-3802754) 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.