Shaw Fund For Mariners Children
- Assets
- $17.9m
- Revenue
- $710.0k
- Investments
- $17.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1937
- Data as of
- 12/2023
- EIN
- 04-2104861
Organization Overview
Shaw Fund For Mariners Children is located in Boston, MA. The organization was established in 1937. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Shaw Fund For Mariners Children 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 12/2023, Shaw Fund For Mariners Children generated $710.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $745.1k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO NEEDY MARINERS, THEIR WIDOWS AND CHILDREN, IN THE COMMONWEALTH OF MASSACHUSETTS AND ELSEWHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Minturn President | 2 | $0 | |
Robert G Shaw VP And Clerk | 2 | $0 | |
Paul H Ockers Assistant Treasurer | 2 | $0 | |
Peder Johnson Treasurer | 2 | $0 | |
Thaddeus H Davis Director | 2 | $0 | |
L Branch Harding Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $291,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $418,001 |
| Capital Gain Net Income | $418,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $709,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $119,678 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $572,216 |
| Total operating and administrative expenses | $745,073 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $745,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,917 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $189,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,935,694 |
| 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 |