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Filing year 2024

THE HERMAN AND LOUISE SCHMITT FOUNDATION

Logansport, Indiana·EIN 20-7467528·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$91k
Total assets
$346k
Total expenses
$99k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Indiana.

Trustee
Board Member
75th to 90th percentile
$19k
$20k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE HERMAN AND LOUISE SCHMITT FOUNDATION equaled 19% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
19%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$78k

Itemized grants

20

Median grant

$4k

RecipientLocationPurposeAmount
EMMAUS MISSION CENTERLOGANSPORT, INTO FUND OPERATIONS$5k
CASS CO HUMANE SOCIETYLOGANSPORT, INTO FUND OPERATIONS$5k
LOGANSPORT COMM SCHOOLS-FELIX'S PANTRYLOGANSPORT, INTO FUND OPERATIONS$5k
SALVATION ARMY FOOD BANKLOGANSPORT, INTO FUND OPERATIONS$5k
AREA FIVE AGENCY COMMUNITY SVCS HEALTHY FAMILIESLOGANSPORT, INTO FUND OPERATIONS$4k
CALVARY PRESBYTERIAN CHURCH LOAVES & FISHESLOGANSPORT, INTO FUND OPERATIONS$4k
CASS CO HISTORICAL SOCIETYLOGANSPORT, INTO FUND OPERATIONS$4k
CASS PULASKI COMM CORRECTIONS LOGANS LANDINGLOGANSPORT, INTO FUND OPERATIONS$4k
DOMESTIC VIOLENCE TASK FORCELOGANSPORT, INTO FUND OPERATIONS$4k
LITERACY VOLUNTEERS OF CASS COLOGANSPORT, INTO FUND OPERATIONS$4k
LOGANSPORT ALUMNI ASSOC-TEACH CLASSROOM SUPPLIESLOGANSPORT, INTO FUND OPERATIONS$4k
LOGANSPORT SCHOOL CORP-MUSIC INSTR FUNDLOGANSPORT, INTO FUND OPERATIONS$4k
LOGANSPORT SCHOOL CORP-STEM PROGRAMSLOGANSPORT, INTO FUND OPERATIONS$4k
MARY DYKEMAN GUILD OF MEMORIAL HOSPITALLOGANSPORT, INTO FUND OPERATIONS$4k
SPECIAL OLYMPICS OF CASS COLOGANSPORT, INTO FUND OPERATIONS$4k
TRINITY EPISCOPAL CHURCH FOOD BANKLOGANSPORT, INTO FUND OPERATIONS$4k
UNITED WAY OF CASS CO BEGINDERGARTEN PROGRAMLOGANSPORT, INTO FUND OPERATIONS$4k
UNITED WAY OF CASS CO READING RAILROAD PROGRAMLOGANSPORT, INTO FUND OPERATIONS$4k
VINEYARD COMMUNITY CHURCH OUTREACH PROGRAMLOGANSPORT, INTO FUND OPERATIONS$4k
AREA FIVE AGENCY COMMUNITY SVCS HEAD STARTLOGANSPORT, INTO FUND OPERATIONS$4k
Compare this foundation's grantees

Up 10%
from 2023

From $17k in 2023 to $19k in 2024.

$17k
2023
$19k
2024
In today's dollarsEst.
Up 7% in real terms$19k to $20k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue fell 7%.

$17k in 2023 to $19k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE HERMAN AND LOUISE SCHMITT FOUNDATION

What does the Board Member of THE HERMAN AND LOUISE SCHMITT FOUNDATION earn?

In 2024, the Board Member of THE HERMAN AND LOUISE SCHMITT FOUNDATION received $18,763 in total compensation. This pay is in the top quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Indiana, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at THE HERMAN AND LOUISE SCHMITT FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Indiana, the 2024 pay of the Board Member at THE HERMAN AND LOUISE SCHMITT FOUNDATION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at THE HERMAN AND LOUISE SCHMITT FOUNDATION equaled 19% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE HERMAN AND LOUISE SCHMITT FOUNDATION's revenue and expenses?

In 2024, THE HERMAN AND LOUISE SCHMITT FOUNDATION reported $91k in total revenue and $99k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.