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Filing year 2023

THE SCHMIDT FAMILY FOUNDATION XXXXX3004

Chicago, Illinois·EIN 13-6808881·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$686k
Total assets
$8.8M
Total expenses
$1.2M
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

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

Trustee
Board Member
75th to 90th percentile
$76k
$84k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE SCHMIDT FAMILY FOUNDATION XXXXX3004 equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
7%
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 2023 Form 990-PF, Part XV.

Total granted

$900k

Itemized grants

38

Median grant

$10k

RecipientLocationPurposeAmount
CATHOLIC RELIEF SERVICESBaltimore, MDGENERAL$200k
FAU FOUNDATION INC - FAU HIGH SCHOOLBOCA RATON, FLGENERAL$160k
PEACEFUL MIND PEACEFUL LIFE INCDELRAY BEACH, FLGENERAL$100k
BOCA RATON REGIONAL HOSPITAL FOUNDATIONBOCA RATON, FLGENERAL$55k
SPIRIT OF GIVING NETWORK INCBOCA RATON, FLGENERAL$53k
BETHLEHEM UNIVERSITYWashignton, DCGENERAL$40k
AMERICAN ASSOCIATION OF CAREGIVING YOUTHBOCA RATON, FLGENERAL$25k
FAU FOUNDATION-COLLEGE OF NURSINGBOCA RATON, FLGENERAL$25k
YMCA OF SOUTH PALM BEACH COUNTYBoca Raton, FLGENERAL$25k
GEORGE SNOW SCHOLARSHIP FUNDBoca Raton, FLGENERAL$20k
FULLER CENETRBOCA RATON, FLGENERAL$20k
BOCA RATON ROTARY FUND INCBOCA RATON, FLGENERAL$10k
FAULK CENTER FOR COUNSELINGDelray Beach, FLGENERAL$10k
HOME SAFE INCLake Worth, FLGENERAL$10k
BIG BROTHERS AND BIG SISTERS OF PALM BEACH AND MARTIN COUNTY INCWEST PALM BEACH, FLGENERAL$10k
CENTRE FOR THE ARTS AT MIZNER PARK INCBoca Raton, FLGENERAL$10k
BOCA RATON'S PROMISEBOCA RATON, FLGENERAL$10k
HABILITATION CENTER FOR THE HANDICAPPEDBOCA RATON, FLGENERAL$10k
CARIDAD CENTER INCBoynton Beach, FLGENERAL$10k
BOCA HELPING HANDSBOCA RATON, FLGENERAL$10k
MILAGRO CENTERDelray Beach, FLGENERAL$10k
LEWIS UNIVERSITYRomeoville, ILGENERAL$10k
BOCA RATON HOUSING AUTHORITY PEARL CITY CATSBOCA RATON, FLGENERAL$10k
BOCA RATON PHILHARMONIC SYMPHONIA INCBOCA RATON, FLGENERAL$5k
VETS HELPING HEROESINCBOCA RATON, FLGENERAL$5k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), 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 SCHMIDT FAMILY FOUNDATION XXXXX3004

What does the Board Member of THE SCHMIDT FAMILY FOUNDATION XXXXX3004 earn?

In 2023, the Board Member of THE SCHMIDT FAMILY FOUNDATION XXXXX3004 received $75,677 in total compensation. This pay is in the top quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at THE SCHMIDT FAMILY FOUNDATION XXXXX3004 compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2023 pay of the Board Member at THE SCHMIDT FAMILY FOUNDATION XXXXX3004 falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE SCHMIDT FAMILY FOUNDATION XXXXX3004 equaled 7% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE SCHMIDT FAMILY FOUNDATION XXXXX3004's revenue and expenses?

In 2023, THE SCHMIDT FAMILY FOUNDATION XXXXX3004 reported $686k in total revenue and $1.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.