Sheffield Foundation Inc
- Assets
- $2.4m
- Revenue
- $15.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheffield, PA
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 27-4169658
Organization Overview
Sheffield Foundation Inc is located in Sheffield, PA. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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 Inc 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, Sheffield Foundation Inc generated $15.0k in total revenue. All expenses for the organization totaled $35.8k during the year ending 12/2021. While expenses have increased by 79.3% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RELIEVE ECONOMIC DISTRESS AND TO PROMOTE ECONOMIC DEVELOPMENT IN THE SHEFFIELD AREA BY ASSISTING WITH THE RETENTION AND EXPANSION OF EXISTING BUSINESSES AND THE ATTRACTION OF NEW BUSINESSES TO THE SHEFFIELD AREA, USING SUCH MEANS, EMPLOYING SUCH INDIVIDUALS AND/OR JOINT VENTURING WITH SUCH ORGANIZATIONS AS THE CORPORATION DEEMS APPROPRIATE TO MAXIMIZE THE RETENTION AND EXPANSION OF EXISTING BUSINESSES AND ATTRACTION OF NEW BUSINESS TO THE SHEFFIELD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Chris Cochran President/director | 1 | $0 | |
Daniel L Zandi Vp/secretary/director | 1 | $0 | |
Jeffrey J Font Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121 |
| Total operating and administrative expenses | $1,420 |
| Contributions, gifts, grants paid | $34,364 |
| Total expenses and disbursements | $35,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,959 |
| Savings and temporary cash investments | $1,349 |
| 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 | $2,343,000 |
| Total assets | $2,383,308 |
| 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 |
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