Tom And Kathy Shannon Familyfoundation Inc
- Assets
- $3.2m
- Revenue
- $588.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Lutz, FL
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-8070461
Organization Overview
Tom And Kathy Shannon Familyfoundation Inc is located in Lutz, FL. The organization was established in 2007. 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. Tom And Kathy Shannon Familyfoundation 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 12/2023, Tom And Kathy Shannon Familyfoundation Inc generated $588.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $400.5k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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 2015, Tom And Kathy Shannon Familyfoundation Inc has awarded 308 individual grants totaling $2,184,834. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Shannon Jr President/director | 1 | $0 | |
Mary Kathryn Shannon Vice President/secretary | 1 | $0 | |
April Shannon Mcdonald Director | 1 | $0 | |
Crystal S Deal Director | 1 | $0 | |
Thomas Joseph Shannon III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $475,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,451 |
| Capital Gain Net Income | $39,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $588,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,211 |
| Total operating and administrative expenses | $6,925 |
| Contributions, gifts, grants paid | $393,550 |
| Total expenses and disbursements | $400,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,178 |
| Savings and temporary cash investments | $37,210 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,171,049 |
| 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, Tom And Kathy Shannon Familyfoundation Inc has awarded $393,550 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
2023 ANNUAL PASTORAL APPEAL - DIOCESE OF ST PETE PURPOSE: PROVIDES VARIOUS SERVICES TO THE DIOCESE OF ST. PETERSBURG | $2,000 |
ACADEMY PREP CENTER OF TAMPA (AVILA) PURPOSE: SCHOLARSHIPS FOR STUDENTS TO BECOME COMMUNITY LEADERS | $1,200 |
BULLARD FAMILY FOUNDATION PURPOSE: PROVIDES FAMILIES & CHILDREN W/ PROGRAMS & RESOURCES TO IMPROVE OUTCOMES IN OUR COMMUNITY | $5,000 |
CRISTO REY NEW YORK HIGH SCHOOL PURPOSE: PROVIDES COLLEGE PREP EDUCATION AND 4 YEARS CORPORTE WORK EXPERIENCE FOR LOW INCOME, STUDENTS OF COLOR. | $500 |
CUP INC - COFFEE UNITING PEOPLE PURPOSE: HIRES PEOPLE WITH AND WITHOUT DISABILITIES TO WORK TOGETHER IN AN INCLUSIVE WORKPLACE. | $5,000 |
DICK TOMEY LEGACY FUNDPOSITIVE COACHING ALLIANCE PURPOSE: UNDERWRITES SCHOLARSHIPS AND PROGRAMMING IN HAWAII FOR UNDERSERVED PROGRAMS OR ORGANIZATIONS THAT CANNOT READILY AFFORD PCA TRAINING FOR THEIR COACHES. | $500 |