Shea Family Foundation
- Assets
- $575.6k
- Revenue
- $26.6k
- Investments
- $532.1k
- Employees
- 0
- Location
- Parker, TX
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-3079362
Organization Overview
Shea Family Foundation is located in Parker, TX. The organization was established in 2009. 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. Shea 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 12/2023, Shea Family Foundation generated $26.6k 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 (4.4%) each year. All expenses for the organization totaled $113.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shea Family Foundation has awarded 46 individual grants totaling $519,040. 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 |
|---|---|---|---|
Bonnie C Shea President/treasurer | 0 | $0 | |
Nathan A Shea Vice President/secretary | 0 | $0 | |
Caycee Holt Director | 0 | $0 | |
Allie Hickey Director | 0 | $0 | |
Mckenzie Shea Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $14,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,747 |
| Capital Gain Net Income | $11,747 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $228 |
| Total Revenue | $26,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $742 |
| Total operating and administrative expenses | $7,795 |
| Contributions, gifts, grants paid | $105,692 |
| Total expenses and disbursements | $113,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,478 |
| 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 | $109,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $575,624 |
| 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, Shea Family Foundation has awarded $104,460 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY - CATTLE BARON'S BALL PURPOSE: GENERAL FUND | $25,500 |
STATE FAIR OF TEXAS - YOUTH LIVESTOCK PURPOSE: GENERAL FUND | $2,168 |
PLANO SYMPHONY ORCHESTRA PURPOSE: GENERAL FUND | $2,100 |
NOTRE DAME SCHOOL OF DALLAS PURPOSE: GENERAL FUND | $2,000 |
TEXAS SCOTTISH RITE HOSPITAL FOR CRIPPLED CHILDREN PURPOSE: GENERAL FUND | $500 |
THE UNIVERSITY OF TEXAS AT DALLAS PURPOSE: SHEA FAMILY FELLOWSHIP IN ENERGY MANAGEMENT | $50,000 |