DEMOGRAPHIC
ADDRESS
PO BOX 638
55903
COUNTY
olmsted county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
CARL AND VERNA SCHMIDT FOUNDATION is a based in ROCHESTER, MN . Established in November 1958, it operates as an independent trust and contributions to this organization are tax-deductible .
With total assets of $36,030,436.00, this ranks 23,369 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 539 out of 53,624 organizations in MN (Top 2%).
In olmsted county, MN, the organization ranks 9 out of 1,305 nonprofits by assets (Top 1%), while locally in rochester, it stands at 8 among 1,107 organizations (Top 1%).
The organization reported no revenue in the most recent filing period, placing it at 1,827,365 nationally and 39,731 in MN.
Within its specific NTEE classification ( - N/A), which includes 781,348 similar organizations, CARL AND VERNA SCHMIDT FOUNDATION ranks 6,641 in assets (Top 1%) and 525,044 in revenue (Top 68%).
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
2: Trust
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
Gifts or grants to individuals other than scholarships
NTEE COMMON CODE
N/A
NTEE CODE
N/A
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$1,033,454.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/1958
ASSET CODE
8: $10,000,000 to $49,999,999
ASSET AMOUNT
$36,030,436.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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