Cause IQ organization profile

Richard M Schulze Family Foundation

Form 990s | Financials | Vendors | Peers

Richard M Schulze Family Foundation is a private foundation based in Minneapolis, MN that was founded in 2014. As of 2018 they had $80 million in revenue and $0 in assets.

EIN:

46-5588406

City:

Minneapolis

State:

Minnesota

Founded:

2014

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$80,770,563

Assets:

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Richard M Schulze Family Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Feb 19, 2020	990PF	View PDF
2017-12	Feb 7, 2019	990PF	View PDF
2016-12	Nov 22, 2017	990PF	View PDF
2015-12	Dec 6, 2016	990PF	View PDF
2014-12	Dec 1, 2015	990PF	View PDF

Financials for Richard M Schulze Family Foundation

Field	2017	2016	% Change
Total grants, contributions, etc.	$15,573,369	$21,721,342	-28.3%
Investment income and dividends	$5,298,444	$6,705,490	-21.0%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$59,896,786	$46,793,597	28.0%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$1,964	$53,869	-96.4%
Total revenues	$80,770,563	$75,274,298	7.3%

Field	2017	2016	% Change
Compensation of current officers, etc.	$466,639	$456,036	2.3%
Non-officer salaries and wages	$1,259,360	$750,101	67.9%
Pension/retirement accruals and contributions	$877,703	$133,930	555.3%
Legal fees	$147,510	$0	999%
Accounting fees	$18,405	$0	999%
Other fee-for-service	$16,098	$0	999%
Interest	$0	$0
Depreciation, amortization, etc.	$0	$0
Occupancy	$0	$0
Travel	$28,379	$33,759	-15.9%
Office expenses
Grants to all govts., orgs., and individuals	$29,736,213	$24,775,965	20.0%
All other expenses	$75,669	$1,178,130	-93.6%
Total expenses	$32,625,976	$27,327,921	19.4%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$-23,936,048	$26,087,666	-191.8%
Savings, short-term investments, etc.	$0	$0
Accounts receivable	$0	$21,748	-100%
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$0	$131,468,155	-100%
Investments in corporate bonds	$23,936,048	$0	999%
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$52,756,838	-100%
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$0	$210,334,407	-100%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$140,117	$95,042	47.4%
Grants payable	$16,519,058	$9,094,959	81.6%
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$2,386,891	$1,350,329	76.8%
Total liabilities	$19,046,066	$10,540,330	80.7%

Vendors for Richard M Schulze Family Foundation

Vendor	Services	Amount paid	Date
Advancing Impact LLC	Consulting	$61,572	2017-11-22
███████ ███	Technology Hosting Tech Consulting	$132,400	2017-11-22
██████ ███ ████████ █	Tax accounting		2017-11-22
████████ █████	Financial Consulting	$238,707	2017-11-22
███████ ████████	Administrative Duties	$110,170	2017-11-22
██████████	Public Relations	$96,925	2017-11-22

Peer private foundations

	Name	Type	Revenue	Location
1	Margaret A Cargill Foundation	501(c)(3)	$96 million	Eden Prairie, MN
2	Medtronic Foundation	501(c)(3)	$80 million	Fridley, MN
3	Otto Bremer Trust (OBT)	501(c)(3)	$77 million	Saint Paul, MN
4	GHR Foundation	501(c)(3)	$98 million	Minneapolis, MN
5	David and Janis Larson Foundation	501(c)(3)	$39 million	Saint Paul, MN
6	Robins Foundation	501(c)(3)	$24 million	Richmond, VA
7	Lemelson Foundation	501(c)(3)	$31 million	Portland, OR
8	Heising Simons Foundation	501(c)(3)	$179 million	Los Altos, CA
9	DTE Energy Foundation	501(c)(3)	$31 million	Detroit, MI
10	The Grove Foundation	501(c)(3)	$51 million	Los Altos, CA
11	The Heinz Endowments	501(c)(3)	$114 million	Pittsburgh, PA
12	Robert A Welch Foundation	501(c)(3)	$56 million	Houston, TX
13	Charles H Dater Foundation	501(c)(3)	$62 million	Cincinnati, OH
14	Ford Family Foundation	501(c)(3)	$43 million	Roseburg, OR
15	The Carmel Hill Fund Education Program	501(c)(3)	$61 million	New York, NY
16	Cynthia & Geo Mitchell Foundation (CGMF)	501(c)(3)	$154 million	The Woodlands, TX
17	Charter School Growth Fund (CSGF)	501(c)(3)	$216 million	Broomfield, CO
18	Foellinger Foundation	501(c)(3)	$66 million	Fort Wayne, IN
19	Charles K. Blandin Residuary Trust	501(c)(3)	$33 million	Las Vegas, NV
20	Detroit Employment Solutions Corporation (DESC)	501(c)(3)	$37 million	Detroit, MI
21	Rippleworks	501(c)(3)	$296 million	Redwood City, CA
22	Lumina Foundation	501(c)(3)	$66 million	Indianapolis, IN
23	Sherman Fairchild Foundation	501(c)(3)	$48 million	Chevy Chase, MD
24	Peter and Carmen Lucia Buck Foundation (PCLB)	501(c)(3)	$36 million	Mystic, CT
25	Lisa and Douglas Goldman Fund	501(c)(3)	$23 million	San Francisco, CA

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Cause IQ organization profile

Richard M Schulze Family Foundation

Form 990s for Richard M Schulze Family Foundation

Financials for Richard M Schulze Family Foundation

Vendors for Richard M Schulze Family Foundation

Peer private foundations

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