Mike Shannon Automotive Foundation Inc
- Assets
- $1.3m
- Revenue
- $801.6k
- Investments
- $408.5k
- Employees
- 0
- Location
- Fond Du Lac, WI
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 39-2018969
Organization Overview
Mike Shannon Automotive Foundation Inc is located in Fond Du Lac, WI. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mike Shannon Automotive Foundation Inc 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 12/2021, Mike Shannon Automotive Foundation Inc generated $801.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $386.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mike Shannon Automotive Foundation Inc has awarded 100 individual grants totaling $2,244,042. 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 |
|---|---|---|---|
Michael R Shannon President | 1 | $0 | |
Patrick Mccullough Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $167 |
| Dividends & Interest | $5,571 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,411 |
| Capital Gain Net Income | $33,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,500 |
| Total Revenue | $801,649 |
| 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 | $10 |
| Total operating and administrative expenses | $3,310 |
| Contributions, gifts, grants paid | $383,185 |
| Total expenses and disbursements | $386,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,396 |
| Savings and temporary cash investments | $164,273 |
| 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 | $1,319,184 |
| 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, Mike Shannon Automotive Foundation Inc has awarded $383,185 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Fond Du Lac, WI PURPOSE: RECTORY CAMPAIGN - CONSTRUCTION OF NEW RECTORY RESIDENCE | $100,000 |
Fond Du Lac, WI PURPOSE: CAMPAIGN TO BUILD NEW HIGH SCHOOL CAMPUS | $50,000 |
Saint Francis, WI PURPOSE: SUPPORT FOR BUILDING RENOVATION. | $50,000 |
Fond Du Lac, WI PURPOSE: SUPPORT FOR AUTOMOTIVE TECH CENTER EXHIBIT. | $31,135 |
FOND DU LAC SOCCER ASSOCIATION PURPOSE: SUPPORT SOCCER PROGRAM IN FOND DU LAC AREA. | $25,000 |
FOND DU LAC ST VINCENT DE PAUL SOCIETY INC PURPOSE: COMMUNITY SUPPORT FOR THE FOND DU LAC AREA. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |