Shodeen Family Foundation
- Assets
- $2.8m
- Revenue
- $130.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Geneva, IL
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 36-4294720
Organization Overview
Shodeen Family Foundation is located in Geneva, IL. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Shodeen Family 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, Shodeen Family Foundation generated $130.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $248.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shodeen Family Foundation has awarded 345 individual grants totaling $1,034,965. 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 |
|---|---|---|---|
Kent W Shodeen President | 0.25 | $0 | |
Anna S Harmon Secretary | 12 | $44,512 | |
Beth C Shodeen Director | 0.25 | $0 | |
Craig A Shodeen Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,000 |
| Interest on Savings | $7 |
| Dividends & Interest | $50,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,055 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,512 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,008 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,132 |
| Total operating and administrative expenses | $89,187 |
| Contributions, gifts, grants paid | $159,450 |
| Total expenses and disbursements | $248,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,929 |
| 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 | $325,309 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $325,308 |
| Other assets | $442,008 |
| Total assets | $2,776,099 |
| Accounts payable and accrued expenses | $161,704 |
| 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 | $161,704 |
Grants Awarded
Over the last fiscal year, Shodeen Family Foundation has awarded $159,450 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
A RAY OF HOPE PURPOSE: SPONSOR | $500 |
ANDERSON ANIMAL SHELTER PURPOSE: DONATION | $1,000 |
ANDERSON HUMANE SOCIETY PURPOSE: SPONSORSHIP | $750 |
ASSOCIATION FOR INDIVIDUAL DEV PURPOSE: PLEDGE #5/5 | $15,000 |
ASSOCIATION FOR INDIVIDUAL DEV PURPOSE: WINDBREAKER SPONSOR | $1,500 |
BETHLEHEM LUTHERAN CHURCH PURPOSE: DONATION | $1,000 |