Shames Family Foundation
- Assets
- $4.6m
- Revenue
- $231.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Wilton, CT
- Founding
- 11/1998
- Data as of
- 05/2023
- EIN
- 06-1520789
Organization Overview
Shames Family Foundation is located in Wilton, CT. The organization was established in 1998. 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. Shames Family Foundation 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 05/2023, Shames Family Foundation generated $231.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $276.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shames Family Foundation has awarded 324 individual grants totaling $1,639,569. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ervin R Shames Trustee | 0 | $0 | |
Louise G Shames Trustee | 0 | $0 | |
Allyson Robyn Shames Trustee | 0 | $0 | |
Steven Shames Trustee | 0 | $0 | |
Sara Shames Trustee | 0 | $0 | |
Curtis Argo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,464 |
| Dividends & Interest | $133,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,623 |
| Capital Gain Net Income | $94,623 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193 |
| Total Revenue | $231,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,315 |
| Total operating and administrative expenses | $23,052 |
| Contributions, gifts, grants paid | $253,020 |
| Total expenses and disbursements | $276,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,409 |
| 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 | $4,254,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$1 |
| Total assets | $4,647,161 |
| 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, Shames Family Foundation has awarded $253,020 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CARLETON COLLEGE PURPOSE: GENERAL | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL | $100 |
THIRTEENWNET PURPOSE: GENERAL | $100 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL | $600 |
A BETTER CHANCE OF WILTON INC PURPOSE: GENERAL | $12,500 |
AMBLER FARMS PURPOSE: GENERAL | $100 |