JIM & SHEILA SCHUMER FOUNDATION
GALVESTON,
Texas,
77550
EIN: 87-2051933
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
502 20TH ST
77550
COUNTY
galveston county, TX
ORGANIZATIONAL OVERVIEW & RANKINGS
JIM & SHEILA SCHUMER FOUNDATION is a based in GALVESTON, TX, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Fund Raising Organizations That Cross Categories. Established in June 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,583,172 among 2,656,690 nonprofits nationally (Top 98%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 198,479 out of 202,022 organizations in TX (Top 99%).
In galveston county, TX, the organization ranks 2,231 out of 2,650 nonprofits by assets (Top 84%), while locally in galveston, it stands at 507 among 568 organizations (Top 88%).
The organization reported no revenue in the most recent filing period, placing it at 2,022,523 nationally and 177,409 in TX.
Within its specific NTEE classification (T70 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 2,160 similar organizations, JIM & SHEILA SCHUMER FOUNDATION ranks 2,105 in assets (Top 98%) and 2,105 in revenue (Top 98%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T70: Fund Raising Organizations That Cross Categories
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
06/2022
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 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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