Helen And Vincent W Shiel Private Foundation Inc
- Assets
- $3.1m
- Revenue
- $237.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Magnolia, TX
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 01-0566327
Organization Overview
Helen And Vincent W Shiel Private Foundation Inc is located in Magnolia, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helen And Vincent W Shiel Private Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Helen And Vincent W Shiel Private Foundation Inc generated $237.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $260.8k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Helen And Vincent W Shiel Private Foundation Inc has awarded 13 individual grants totaling $590,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Andrew Shiel President, Director | 1 | $10,000 | |
Andrew V Shiel Vice President, Director | 1 | $10,000 | |
Thomas A Smith Sec/treas/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,252 |
| Dividends & Interest | $88,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,244 |
| Capital Gain Net Income | $142,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,828 |
| Total Revenue | $237,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $152 |
| Total operating and administrative expenses | $50,763 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $260,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,450 |
| Net Accounts receivable | $204,625 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,240 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $207,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,099,804 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Helen And Vincent W Shiel Private Foundation Inc has awarded $210,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS & CLAYS FOUNDATION PURPOSE: UNRESTRICTEDUNRESTRICTEDUNRESTRICTEDUNRESTRICTEEDUNRESTRICTEDUNRESTRICTED | $25,000 |
NATIONAL PARK FOUNDATION PURPOSE: UNRESTRICTED | $15,000 |
NATIONAL WILD TURKEY FOUNDATION PURPOSE: UNRESTRICTED | $35,000 |
US SPORTSMEN'S ALLIANCE FOUNDATION PURPOSE: UNRESTRICTED | $100,000 |
TEXAS WILDLIFE ASSOCIATION PURPOSE: UNRESTRICTED | $20,000 |
FISH AND WILDLIFE FOUNDATION OF FLORIDA PURPOSE: UNRESTRICTED | $15,000 |