The Irene C Shea Charitable Foundation
- Assets
- $15.6m
- Revenue
- $854.2k
- Investments
- $15.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1994
- Data as of
- 07/2022
- EIN
- 25-6410108
Organization Overview
The Irene C Shea Charitable Foundation is located in Pittsburgh, PA. The organization was established in 1994. 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. Irene C Shea Charitable 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 07/2022, Irene C Shea Charitable Foundation generated $854.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.3m during the year ending 07/2022. While expenses have increased by 11.4% per year over the past 6 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 2016, Irene C Shea Charitable Foundation has awarded 153 individual grants totaling $5,834,500. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 38 | $192,375 | |
Susan Hickey Co-Trustee | 5 | $28,874 | |
Thomas J Hickey Co-Trustee | 5 | $28,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $498,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $356,196 |
| Capital Gain Net Income | $356,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $854,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,123 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $281,486 |
| Contributions, gifts, grants paid | $1,040,000 |
| Total expenses and disbursements | $1,321,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $393,871 |
| 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 | $5,734,679 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,646,144 |
| 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 Irene C Shea Charitable Foundation has awarded $1,040,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $270,000 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $100,000 |
Pittsburgh, PA PURPOSE: GENERAL PURPOSE | $75,000 |
ANGEL'S PLACE PURPOSE: GENERAL SUPPORT | $75,000 |
THE BLESSING BOARD PURPOSE: GENERAL SUPPORT | $50,000 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |