Shank Family Foundation
- Assets
- $3.9m
- Revenue
- $613.8k
- Investments
- $3.9m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-1609483
Organization Overview
Shank Family Foundation is located in Sarasota, FL. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Shank Family 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 12/2021, Shank Family Foundation generated $613.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $615.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shank Family Foundation has awarded 13 individual grants totaling $2,045,000. 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 |
|---|---|---|---|
Susan Shank President/treas | 1 | $0 | |
Stephen Shank Secretary | 1 | $0 | |
Judith Shank Vice President | 1 | $0 | |
Mary Retzlaff Director | 1 | $0 | |
Todd Retzlaff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $62,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $551,096 |
| Capital Gain Net Income | $551,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $613,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $15,476 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $615,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,470 |
| Savings and temporary cash investments | $0 |
| 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 | $3,930,894 |
| 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, Shank Family Foundation has awarded $600,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: RECOVERABLE GRANT TO SUPPORT PRIMES INVESTMENT IN AZOLLA MANAGEMENT COMPANYS CATALYTIC FUND I, THE PURPOSE OF WHICH IS TO MAKE INVESTMENTS IN TRANSFORMATIVE TECHNOLOGY COMPANIES THAT ARE UNLIKELY TO OTHERWISE INITIALLY RAISE SUFFICIENT CAPITAL AND TO DRIVE THESE INVESTMENTS TOWARDS GIGA-TON SCALE EMISSIONS REDUCTION TO MITIGATE CLIMATE CHANGE | $250,000 |
THE JOHN AND MABLE RINGLING MUSEUM OF AR PURPOSE: ENDOWMENT FOR CURATOR OF PERFORMANCE | $250,000 |
BOOKER PROMISE FOUNDATION PURPOSE: SCHOLARSHIPS FOR BOOKER HIGH SCHOOL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |