Shady Rest Foundation Inc
- Assets
- $4.4m
- Revenue
- $475.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 03/2005
- Data as of
- 09/2023
- EIN
- 30-0274280
Organization Overview
Shady Rest Foundation Inc is located in Fort Myers, FL. The organization was established in 2005. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shady Rest 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 09/2023, Shady Rest Foundation Inc generated $475.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SINCE SHADY REST CARE PAVILION, INC., A SKILLED NURSING FACILITY WHICH THIS ENTITY PREVIOUSLY PROVIDED SUBSTANTIAL SUPPORT HAS BEEN SOLD, THE ORGANIZATION IS CONTRIBUTING REMAINING ASSETS TO CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE SHADY REST CARE PAVILION, INC., A SKILLED NURSING FACILITY WHICH THIS ENTITY PREVIOUSLY PROVIDED SUBSTANTIAL SUPPORT HAS BEEN SOLD, THE ORGANIZATION IS CONTRIBUTING REMAINING ASSETS TO CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Murray President & Chair | 2 | $0 | |
Sheila Carlson Treasurer | 2 | $0 | |
Arie J Vanduijn Secretary | 1 | $0 | |
Jo Stecher Vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $244,353 |
| Interest on Savings | $45,948 |
| Dividends & Interest | $118,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,201 |
| Capital Gain Net Income | $66,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $475,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,020 |
| Total operating and administrative expenses | $59,986 |
| Contributions, gifts, grants paid | $3,010,000 |
| Total expenses and disbursements | $3,069,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $623,494 |
| 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 | $3,787,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,410,681 |
| 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, Shady Rest Foundation Inc has awarded $3,010,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FGCU FOUNDATION PURPOSE: SCHOLARSHIPS | $3,000,000 |
THE ALVIN A DUBIN CENTER PURPOSE: CHARITABLE PROGRAMS AND FUNDRAISER SPONSORSHIP | $10,000 |