Schmidt Family Park Foundation Inc

EIN: 863160261 501(c)(3) Recreation & Sports

MOBILE, AL

Total Revenue
$1,037,050
Total Expenses
$318
Total Assets
$1,036,914
Net Assets
$1,036,914
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AL
Phone
2512214435
Tax Period
2024-01-01 to 2024-12-31

Schmidt Family Park Foundation Inc, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 34468% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 100% operating margin.

Mission

The Schmidt Family Park the first Miracle League site in Mobile County allows children and adults with mental and physical disabilities to experience the joy of Americas favorite pastime. Its more than just a game. The Schmidt Family Park is about making new friends building self-esteem and being treated just like other athletes.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,037,050
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,037,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $318
TOTAL EXPENSES $318

Year-over-Year Comparison

2024 2023 Change
Revenue $1,037,050 $3,000 +344.7%
Expenses $318 $2,818 -0.9%
Net Income $1,036,732 $182 +5695.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert D Brown President 3.00
Director
$0 $0 $0
Donnie Cunningham Vice President 3.00
Director
$0 $0 $0
Terry Dixon Secretary 3.00
Director
$0 $0 $0
Lori A Zirlott Teasurer 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,037,050 $318 $1,036,914 $1,036,732
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