Ilene And Michael Shaw Charitable Trust I
- Assets
- $9.7m
- Revenue
- $4.1m
- Investments
- $9.5m
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 36-4054433
Organization Overview
Ilene And Michael Shaw Charitable Trust I is located in Highland Park, IL. The organization was established in 1996. 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. Ilene And Michael Shaw Charitable Trust I 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, Ilene And Michael Shaw Charitable Trust I generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $596.6k during the year ending 12/2022. While expenses have increased by 13.9% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $486,333 |
| Interest on Savings | $140,767 |
| Dividends & Interest | $123,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,325,218 |
| Capital Gain Net Income | $3,531,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,076,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,519 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,452 |
| Total operating and administrative expenses | $151,801 |
| Contributions, gifts, grants paid | $444,800 |
| Total expenses and disbursements | $596,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,904 |
| 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 | $2,002,309 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,983 |
| Total assets | $9,669,084 |
| 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, Ilene And Michael Shaw Charitable Trust I has awarded $199,360 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHLAND PARK HIGH SCHOOL SCHOLARSHIP FUND PURPOSE: FULFILL EXEMPT PURPOSE | $1,000 |
AM SHALOM (DUES) PURPOSE: FULFILL EXEMPT PURPOSE | $3,200 |
AM SHALOM (BOOK OF LIFE) PURPOSE: FULFILL EXEMPT PURPOSE | $200 |
CHICAGO LIGHTHOUSE ASSOCIATE BOARD PURPOSE: FULFILL EXEMPT PURPOSE | $5,000 |
COUNCIL OF RELIGIOUS LEADERS OF METROPOLITAN CHICAGO (CALENDERS) PURPOSE: FULFILL EXEMPT PURPOSE | $30,000 |
WFMT PURPOSE: FULFILL EXEMPT PURPOSE | $5,000 |