Edwin J And Ruth M Shoemaker Foundation
- Assets
- $13.2m
- Revenue
- $1.2m
- Investments
- $7.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 38-3137832
Organization Overview
Edwin J And Ruth M Shoemaker Foundation is located in Detroit, MI. The organization was established in 1993. 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. Edwin J And Ruth M Shoemaker 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 12/2023, Edwin J And Ruth M Shoemaker Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $945.3k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 5 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 2020, Edwin J And Ruth M Shoemaker Foundation has awarded 88 individual grants totaling $3,222,000. 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 |
|---|---|---|---|
Robert L Shoemaker President | 2 | $0 | |
Erich C Shoemaker Director | 2 | $0 | |
Dale A Shoemaker Director | 2 | $0 | |
Mary Kaye Johnston Secretary | 2 | $0 | |
Rocque E Lipford Director | 2 | $0 | |
David S Johnston Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,524 |
| Dividends & Interest | $360,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $692,819 |
| Capital Gain Net Income | $692,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166,214 |
| Total Revenue | $1,228,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,187 |
| Total operating and administrative expenses | $150,789 |
| Contributions, gifts, grants paid | $794,500 |
| Total expenses and disbursements | $945,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,938,187 |
| Savings and temporary cash investments | $3,430,000 |
| 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 | $1,973,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,175,944 |
| 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, Edwin J And Ruth M Shoemaker Foundation has awarded $794,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CARE NET OF PUGET SOUND PURPOSE: GENERAL | $30,000 |
1517 PURPOSE: GENERAL | $15,000 |
ARBORWOMAN PURPOSE: GENERAL | $20,000 |
BIBLE LEAGUE PURPOSE: GENERAL | $15,000 |
CONCORDIA SEMINARY PURPOSE: GENERAL | $20,000 |
COVENANT COLLEGE PURPOSE: GENERAL | $50,000 |