Skip to the page content
Your donations
Passes our checks

Monsignor Jerome Schmit Charitable Foundation Inc

EIN 31-1279071 · Sylvania, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceWeak31 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PRIMARY PURPOSE OF THE MONSIGNOR JEROME SCHMIT FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO OR FOR ORGANIZATIONS WHICH ENGAGE IN ACTIVITES IN SUPPORT OF THE POOR, ESTABLISHMENT AND CONTINUATION OF THE ARTS AND LITERATURE & THE BETTERMENT OF THE GREATER TOLEDO AREA COMMUNITY

Income
$27,619
Spending
$93,238
Spent on programs
87%
Reserves
76 months of spending
Largest source of income
investment income, 96%
Employees
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 76.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 238% of income.

  • Income trend

    0 of 15

    Income fell 91% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 31 out of 100.

  • Independent board

    0 of 25

    2 of 2 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (10)
  1. $25,000 spent. CATHOLIC CLUB
  2. $20,000 spent. CATHOLIC YOUTH ORGANIZATION
  3. $15,000 spent. CAMPUS MINISTRY
  4. $6,000 spent. ST JOHNS JESUIT
  5. $3,000 spent. CENTRAL CATHOLIC HIGH SCHOOL
  6. $3,000 spent. ST FRANCIS DESALES HIGH SCHOOL
  7. $3,000 spent. CARDINAL STRITCH HIGH SCHOOL
  8. $3,000 spent. NOTRE DAME ACADEMY
  9. $3,000 spent. ST URSULA ACADEMY
  10. CENTRAL CATHOLIC HS EXPENSES $3000. INCLUDING GRANTS OF $3000. REVENUE $0 ST FRANCIS DESALES HS EXPENSES $3000. INCLUDING GRANTS OF $3000. REVENUE $0 CARDINAL STRITCH HS EXPENSES $3000. INCLUDING GRANTS OF $3000. REVENUE $0 NOTRE DAME ACADEMY EXPENSES $3000. INCLUDING GRANTS OF $3000. REVENUE $0 ST URSULA ACADEMY EXPENSES $3000. INCLUDING GRANTS OF $3000. REVENUE $0 ST JOHNS JESUIT HS EXPENSES $6000. INCLUDING GRANTS OF $6000. REVENUE $0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1994.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.