John & Matilda Shumsky Foundation
- Assets
- $901.1k
- Revenue
- $52.8k
- Investments
- $886.2k
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 11/1988
- Data as of
- 12/2022
- EIN
- 38-2806447
Organization Overview
John & Matilda Shumsky Foundation is located in Traverse City, MI. The organization was established in 1988. 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 & Matilda Shumsky 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, John & Matilda Shumsky Foundation generated $52.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $48.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John & Matilda Shumsky Foundation has awarded 123 individual grants totaling $305,500. 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 |
|---|---|---|---|
Karen Gartland President | 1 | $0 | |
Patrick Heintz Vice President | 1 | $0 | |
Kenneth Kleinrichert Jr Secretary | 1 | $0 | |
Sally Black Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$955 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,781 |
| Total Revenue | $52,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,585 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $48,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,868 |
| 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 | $886,217 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $901,085 |
| 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, John & Matilda Shumsky Foundation has awarded $44,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD AND FAMILY SERVICES OF NW MICHIGAN PURPOSE: HOST HOME PROGRAM | $2,500 |
CHRIST THE KING CATHOLIC CHURCH PURPOSE: FOOD PANTRY | $1,000 |
DIOCESE OF GAYLORD CATHOLIC HISPANIC APOSTLES PURPOSE: NEEDY FAMILIES | $3,500 |
GRAND TRAVERSE AREA CATHOLIC SCHOOLS PURPOSE: TEACHER & STUDENT SCHOLARSHIPS | $12,000 |
FATHER FRED FOUNDATION PURPOSE: FOOD BANK & NEEDY FAMILIES | $10,000 |
GRAND TRAVERSE AREA STUDENTS FOR LIFE PURPOSE: STUDENT PROGRAMS | $500 |