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Nonprofit · EIN 59-1055869

SCHULTZ FOUNDATION INC

Tax-exempt · JACKSONVILLE, FL 32202

Financials

$114K$358K2023$4.1M$498K2024
Revenue Expenses · by fiscal year end
Financials of SCHULTZ FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$4,091,599$498,248$3,593,351$6,012,635$0$6,012,635
December 31, 2023990-PF$113,642$358,478-$244,836$2,419,284$0$2,419,284
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,648,308
Dividends
$141,127
Net gain from sales of assets
$302,164

Expenses

Grants and similar amounts paid
$273,900
Compensation of officers, directors and key employees
$74,000
Disbursements for charitable purposes
$273,900
Excise tax on investment income
$4,072

Balance sheet and other

Total assets, start of year
$2,419,284
Total assets, end of year
$6,012,635
Total liabilities, end of year
$0
Net assets, end of year
$6,012,635
Fair market value of assets
$6,826,538
Qualifying distributions
$273,900
Net investment income
$443,291

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CLIFFORD G SCHULTZ
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
PRESIDENT5$19,000
KEEGAN KELLEY
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
SECRETARY5$15,500
CAITLIN KELLY
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
DIRECTOR5$14,500
BRONWYN KELLEY
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
VICE-PRESIDENT, TREASURER5$12,000
CATHERINE MCFARLAND
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
DIRECTOR5$12,000
FREDERICK H SCHULTZ JR
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
FORMER VICE-PRESIDENT5$1,000
NANCY R SCHULTZ
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
FORMER DIRECTOR5$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
CLIFFORD G SCHULTZ
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
PRESIDENT5$12,000
FREDERICK H SCHULTZ JR
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
FORMER VICE-PRESIDENT5$12,000
BRONWYN KELLEY
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
VICE-PRESIDENT, TREASURER5$11,000
NANCY R SCHULTZ
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
FORMER DIRECTOR5$11,000
CATHERINE MCFARLAND
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
DIRECTOR5$11,000
KEEGAN KELLEY
118 WEST ADAMS STREET, JACKSONVILLE, FL 32202
SECRETARY5$1,000

Address and contacts

Address (IRS master file)
118 W ADAMS STREET SUITE 600, JACKSONVILLE, FL 32202-3800
In care of
% SCHULTZ BLDG
Signed the 990-PF
BRONWYN KELLEY, SECRETARY TREASURER
Phone
(904) 354-3603
Return prepared by
PIVOT CPAS PA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
59-1055869
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1965
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,012,635
Income (IRS master file)
$5,438,803

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$4,091,599$498,248$6,012,635XML
990-PFDecember 2023$113,642$358,478$2,419,284XML
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1055869).

Questions about SCHULTZ FOUNDATION INC

What is the EIN of SCHULTZ FOUNDATION INC?
The employer identification number (EIN) of SCHULTZ FOUNDATION INC is 59-1055869.
Is SCHULTZ FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to SCHULTZ FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SCHULTZ FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of SCHULTZ FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHULTZ FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of SCHULTZ FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $19,000 (CLIFFORD G SCHULTZ, PRESIDENT).
How much revenue does SCHULTZ FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,091,599, expenses of $498,248 and total assets of $6,012,635 at year end.

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