The Schoonover Foundation

Private foundation · Grantmaker Shreveport, LA EIN: 72-1462460

The Schoonover Foundation is a private foundation, based in Shreveport, LA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $60K in total assets. In 2025, it awarded 5 grants totaling $96K.

Key facts about The Schoonover Foundation

In short: The Schoonover Foundation gave $96K across 5 grants in 2025 (avg $19K), mostly in Ohio. Source: 2025 IRS Form 990-PF.

EIN
72-1462460
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$96,000
Grants made (2025)
5
Average grant
$19,200
Median grant
$5,000
Total assets
$59,746
Primary geography
Ohio (78% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$60K

+914.4% YoY

Annual Giving

$96K

+125.0% YoY

Grant Count

5

-16.7% YoY

Avg Grant Size

$19K

+170.0% YoY

Under IRS private-foundation payout rules, The Schoonover Foundation reported a distributable amount of $538 for 2025 — the minimum it must pay out in qualifying distributions.

How The Schoonover Foundation gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

ShreveportHoustonAthens

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2020 0 grants2021 0 grants2022 0 grants2023 6 grants2024 5 grants2025

From 2024 to 2025, annual grant giving ranged from $43K (2024) to $96K (2025). In 2025 it made 5 grants totaling $96K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Passion Works Studio: $75KPassion Works Studio$75KCommunity School: $10KCommunity School$10KCommunity Renewal International: $5KCommunity RenewalInternational$5KCabosa: $5KCabosa$5KMemorial Drive United Methodist Chu: $1KMemorial Drive UnitedMethodist Chu$1K

The largest 2025 recipient was Passion Works Studio ($75K). Together the top 5 received $96K.

Grant Size Distribution

11 grants across all recorded years

10<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 11 (91%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Passion Works Studio Athens, OHArt Education$75,000
Community School Shreveport, LAEducation$10,000
Community Renewal International Shreveport, LAPublic Assistance$5,000
Cabosa Shreveport, LASupport Athletics$5,000
Memorial Drive United Methodist Chu Houston, TXReligious$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$59,746$5,890$29,473
Revenue$150,036$19,234$25,933
Expenses$96,180$42,817$150
Qualifying Distributions$96,000$42,667—
Net Investment Income—$424—
Distributable Amount$538$809$817

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 14, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 20, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 13, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)

Leadership & Key People

Officers and directors from IRS filings

The Schoonover Foundation is led by Michelle L Payne, President & CEO since 2022 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Michelle L Payne

    President & CEO

    Director → President & CEO, 2022

    On filings since 2021

    No compensation reported

  • Brett S Schoonover

    Director

    On filings since 2020

    No compensation reported

  • David L Schoonover

    Director

    On filings since 2020

    No compensation reported

  • Kristen S Erler

    Secretary

    On filings since 2020

    No compensation reported

Former officers (2)
  • Former: Barbara J Schoonover (2020–2021) — President & CEO
  • Former: Micehlle L. Payne (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Schoonover Foundation

How much does The Schoonover Foundation give each year?

The Schoonover Foundation gave $96K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 6 grants.

What is The Schoonover Foundation's typical grant size?

The Schoonover Foundation's median grant in 2025 was $5,000, and its average grant was $19,200, across 5 grants on its 2025 IRS Form 990-PF.

Where does The Schoonover Foundation give grants?

The Schoonover Foundation gives mostly in Ohio: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Louisiana (21%). The most frequent recipient cities were Shreveport, LA (3 grants).

Does The Schoonover Foundation give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on The Schoonover Foundation's 2025 IRS Form 990-PF were described as general or operating support.

Who are The Schoonover Foundation's largest grantees?

The Schoonover Foundation's largest 2025 grantees include Passion Works Studio ($75,000), Community School ($10,000) and Community Renewal International ($5,000), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.

How large is The Schoonover Foundation?

The Schoonover Foundation reported $60K in total assets on its 2025 IRS Form 990-PF. It paid out $96K in qualifying distributions that year, against a required minimum of $538 (roughly 5% of its investment assets).

What is The Schoonover Foundation's EIN?

The Schoonover Foundation's EIN (Employer Identification Number) is 72-1462460. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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