Sheffield Foundation
- Assets
- $880.7k
- Revenue
- $37.3k
- Investments
- $770.1k
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-4124633
Organization Overview
Sheffield Foundation is located in Lake Bluff, IL. 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. Sheffield 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, Sheffield Foundation generated $37.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $70.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sheffield Foundation has awarded 84 individual grants totaling $192,930. 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 |
|---|---|---|---|
Thomas C Sheffield III President | 1 | $0 | |
Lucinda M Sheffield Treasurer & Sec | 1 | $0 | |
David Af Sweet Director | 1 | $0 | |
Charles Sheffield Director | 1 | $0 | |
Henry Sheffield Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,665 |
| Capital Gain Net Income | $532 |
| Net ST Capital Gain | $1,776 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $240 |
| Total Revenue | $37,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $733 |
| Other expenses | $816 |
| Total operating and administrative expenses | $6,656 |
| Contributions, gifts, grants paid | $63,990 |
| Total expenses and disbursements | $70,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,630 |
| 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 | $178,215 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $880,728 |
| 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, Sheffield Foundation has awarded $63,990 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ART INSTITUTE OF CHICAGO PURPOSE: GENERAL OPERATIONS | $5,000 |
BERNIE'S BOOK BANK PURPOSE: GENERAL OPERATIONS | $1,000 |
ELAWA FARM FOUNDATION PURPOSE: GENERAL OPERATIONS | $1,000 |
ETHEL WALKER SCHOOL PURPOSE: GENERAL OPERATIONS | $1,000 |
FRIENDS OF THE LAKE BLUFF LIBRARY PURPOSE: GENERAL OPERATIONS | $1,300 |
GLASA PURPOSE: GENERAL OPERATIONS | $1,000 |