John Q Shunk Association
- Assets
- $969.3k
- Revenue
- $566.3k
- Investments
- $880.3k
- Employees
- 0
- Location
- Bucyrus, OH
- Founding
- 02/1941
- Data as of
- 12/2022
- EIN
- 34-0896477
Organization Overview
John Q Shunk Association is located in Bucyrus, OH. The organization was established in 1941. 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. John Q Shunk Association 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, John Q Shunk Association generated $566.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $174.6k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 8 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.
Since 2015, John Q Shunk Association has awarded 245 individual grants totaling $696,266. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS
GRANT ALLOCATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Gerber President | 2 | $6,880 | |
Scott Langenderfer Treasurer | 10 | $12,000 | |
Randy Clady Trustee | 2 | $1,000 | |
Nadine Miller Vice Preside | 2 | $1,000 | |
William Dane Kennedy Trustee | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $121 |
| Dividends & Interest | $100,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $465,578 |
| Capital Gain Net Income | $465,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $566,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,880 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $50 |
| Taxes | $7,503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,599 |
| Total operating and administrative expenses | $49,916 |
| Contributions, gifts, grants paid | $124,700 |
| Total expenses and disbursements | $174,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,490 |
| Savings and temporary cash investments | $83,489 |
| 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 | $969,295 |
| 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 | $7,503 |
| Total liabilities | $7,503 |
Grants Awarded
Over the last fiscal year, John Q Shunk Association has awarded $124,700 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
HEIDELBERG UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
HIRAM COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
INDIANA TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
OHIO UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
OWENS COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |