Shaich Family Foundation
- Assets
- $75.9m
- Revenue
- $619.8k
- Investments
- $72.4m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0499971
Organization Overview
Shaich Family Foundation is located in Miami, FL. The organization was established in 2004. 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. Shaich 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 12/2023, Shaich Family Foundation generated $619.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 32.0% per year over the past 7 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,800,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,103,561 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$76,937 |
| Total Revenue | $619,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $163,533 |
| Contributions, gifts, grants paid | $3,410,829 |
| Total expenses and disbursements | $3,574,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,553,861 |
| 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 | $4,175,220 |
| Investments—other | $3,543,009 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$26,347 |
| Total assets | $75,915,772 |
| 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, Shaich Family Foundation has awarded $1,250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
TEACHING KITCHEN COLLABORATIVE INC PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |