Shoreland Foundation Inc
- Assets
- $17.3m
- Revenue
- $9.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Lloyd Harbor, NY
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 11-3241828
Organization Overview
Shoreland Foundation Inc is located in Lloyd Harbor, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shoreland 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 12/2021, Shoreland Foundation Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shoreland Foundation Inc has awarded 175 individual grants totaling $22,077,799. 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 |
|---|---|---|---|
Lulu C Wang President | 2 | $0 | |
Carol-Ann Mealey Secretary | 5 | $0 | |
Anthony W Wang Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,002,719 |
| Interest on Savings | $19 |
| Dividends & Interest | $53,263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,122,533 |
| Capital Gain Net Income | $3,122,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $756 |
| Total Revenue | $9,179,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,244 |
| Total operating and administrative expenses | $31,085 |
| Contributions, gifts, grants paid | $1,404,488 |
| Total expenses and disbursements | $1,435,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,297 |
| Savings and temporary cash investments | $11,769 |
| 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 | $10,932,208 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,493,285 |
| Total assets | $17,307,030 |
| 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, Shoreland Foundation Inc has awarded $1,404,488 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL PROGRAM | $389,925 |
New York, NY PURPOSE: GENERAL PROGRAM | $285,000 |
WELLESLEY COLLEGE PURPOSE: GENERAL PROGRAM | $215,000 |
COLUMBIA BUSINESS SCHOOL PURPOSE: GENERAL PROGRAM | $210,000 |
ROCKEFELLER UNIVERSITY PURPOSE: GENERAL PROGRAM | $135,000 |
C200 PURPOSE: GENERAL PROGRAM | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |