Joseph J And Marie P Schedel Foundation in Toledo, Ohio (OH)

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Joseph J And Marie P Schedel Foundation
Employer Identification Number (EIN)346557721
Name of OrganizationJoseph J And Marie P Schedel Foundation
In Care of NameJames V Shindler Jr
Address1200 Edison Plaza 300 Madison Ave, Toledo, OH 43604
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1964
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,090,625
Amount of Income$1,090,708
Form 990 Revenue Amount$511,074

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$511,074
Contributions, Gifts, Grants and Other Similar Amounts$184,625
Program Service Revenue$80,487
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$31,999
Income from investment of tax-exempt bond proceeds$0
Net rental income$43,816
Gross rents (Real / Personal)$75,278 / $0
Less: rental expenses (Real / Personal)$31,462 / $0
Rental income or (loss) (Real / Personal)$43,816 / $0
Net gain from sales of assets other than inventory$126,642
Gross amount from sales of assets other than inventory (Securities / Other)$652,759 / $0
Less: cost or other basis and sales expenses (Securities / Other)$526,117 / $0
Gain or (loss) (Securities / Other)$126,642 / $0
Net income from fundraising events$43,505
Gross income from fundraising events$65,560
Less: direct expenses$22,055
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$597,877
Compensation of current officers, directors, trustees, and key employees$100,000
Other salaries and wages$175,494
Payroll taxes$33,467
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$5,090,625
Total liabilities$615,343
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$613,760
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$4,475,282
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,589,222
Gifts, grants, contributions, and membership fees received$1,088,102
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$501,120
Gross receipts from related activities, etc.$0
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