Tom And Kathy Shannon Familyfoundation Inc
- Assets
- $3.1m
- Revenue
- $390.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Lutz, FL
- Founding
- 06/2007
- Data as of
- 12/2021
- 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 12/2021, Tom And Kathy Shannon Familyfoundation Inc generated $390.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $521.3k during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2015, Tom And Kathy Shannon Familyfoundation Inc has awarded 270 individual grants totaling $1,662,396. 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 |
|---|---|---|---|
Mary Kathryn Shannon Vice President/secretary | 1 | $0 | |
Thomas J Shannon Jr President/director | 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 | $306,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $155,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$71,182 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $390,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241 |
| Total operating and administrative expenses | $6,882 |
| Contributions, gifts, grants paid | $514,400 |
| Total expenses and disbursements | $521,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,399 |
| Savings and temporary cash investments | $46,256 |
| 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 | $3,076,737 |
| 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 $514,400 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC OF JACKSONVILLE FL PURPOSE: DONATION OF AN ECMO MACHINE | $250,000 |
Alexandria, VA PURPOSE: PROVIDE FUNDS TO WWII MUSEUM TO BUILD BRIDGE HONORING ALL HAA VETERANS | $95,000 |
FLORIDA HOSPITAL FOUNDATION PURPOSE: NEW TAMPA CTR FOR INNOVATIVE SURGREY/ NAMING THE DELI/ KAY MEYER BREAST INSTITUTE | $20,000 |
UF FOUNDATION PURPOSE: 1ST OF FIVE INSTALLMENTS TO U OF F BASEBALL FIELD | $20,000 |
Tampa, FL PURPOSE: SUPPORTS FAMILIES OF FALLEN OFFICERS AND FIREFIGHTERS KILLED IN THE LINE OF DUTY | $16,000 |
ACADEMY OF HOLY NAME PURPOSE: DONATION TO THE ACADEMY IN HONOR OF APRIL S MCDONALD (1990) & KAILEY MCDONALD (2021) | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |