Russell And Betty Shirk Foundation
- Assets
- $19.6m
- Revenue
- $404.7k
- Investments
- $13.2m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 23-7022709
Organization Overview
Russell And Betty Shirk Foundation is located in Bloomington, IL. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Russell And Betty Shirk 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 12/2022, Russell And Betty Shirk Foundation generated $404.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Russell And Betty Shirk Foundation has awarded 179 individual grants totaling $5,325,498. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Shirk President/director | 2 | $0 | |
Linda S Shirk Treasurer/director | 1 | $0 | |
Cynthia L Shirk Director | 0.5 | $0 | |
Lia Valerio Shirk Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,179 |
| Net Rental Income | $8,087 |
| Net Gain on Sale of Assets | -$105,772 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $207,189 |
| Total Revenue | $404,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,706 |
| Depreciation | $0 |
| Occupancy | $42,874 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,800 |
| Total operating and administrative expenses | $183,061 |
| Contributions, gifts, grants paid | $856,938 |
| Total expenses and disbursements | $1,039,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,393 |
| Savings and temporary cash investments | $149,838 |
| 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 | $28,125 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,169,758 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,275,648 |
| Total assets | $19,634,762 |
| 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, Russell And Betty Shirk Foundation has awarded $856,938 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS SERVING CENTRAL ILLINOIS PURPOSE: PROGRAM EXPENSE | $5,000 |
AUTISM MCLEAN PURPOSE: PROGRAM EXPENSE | $2,500 |
BLOOMINGTON YMCA STRONG KIDS PURPOSE: PROGRAM EXPENSE | $1,000 |
CARLE CENTER FOR PHILANTHROPY PURPOSE: PROGRAM EXPENSE | $2,000 |
B-N CHARITABLE FOUNDATION NFP PURPOSE: YMCA BUILDING | $768,738 |
DAVID DAVIS MANSION FOUNDATION PURPOSE: PROGRAM EXPENSE | $3,000 |