The@elizabeth O Shear Foundation
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $1.3m
- Employees
- 0
- Location
- Somers Point, NJ
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 22-6803705
Organization Overview
The@elizabeth O Shear Foundation is located in Somers Point, NJ. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. The@elizabeth O Shear 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, The@elizabeth O Shear Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $273.1k during the year ending 12/2023. While expenses have increased by 5.3% 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, The@elizabeth O Shear Foundation has awarded 603 individual grants totaling $1,856,729. 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
SCHOLARSHIPS AWARDED TO QUALIFIED HIGH SCHOOL GRADUATES WERE PAID DIRECTLY TO THE COLLEGES AND UNIVERSITIES THAT THOSE STUDENTS ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan S Gerber Trustee | 0.85 | $36,655 | |
Barbara Freedman Gerber Secretary | 2.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,548,739 |
| Interest on Savings | $669 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,885 |
| Capital Gain Net Income | $22,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500 |
| Total Revenue | $1,574,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,655 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,600 |
| Total operating and administrative expenses | $41,880 |
| Contributions, gifts, grants paid | $231,250 |
| Total expenses and disbursements | $273,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,503 |
| 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 | $1,331,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,510,354 |
| 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, The@elizabeth O Shear Foundation has awarded $231,250 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
KELSEY BELLACK PURPOSE: SCHOLARSHIP | $2,500 |
HAILEY CARSKADDAN PURPOSE: SCHOLARSHIP | $1,250 |
RILEY CHRISTIAN PURPOSE: SCHOLARSHIP | $2,500 |
JOHNATHAN MAKAR PURPOSE: SCHOLARSHIP | $2,500 |
CATHERINE COVERDALE PURPOSE: SCHOLARSHIP | $1,250 |
DANA PAYER PURPOSE: SCHOLARSHIP | $2,500 |