Duane And Marci Shaw Foundation Inc
- Assets
- $12.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Draper, UT
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-5628049
Organization Overview
Duane And Marci Shaw Foundation Inc is located in Draper, UT. The organization was established in 2012. 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. Duane And Marci Shaw 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 12/2022, Duane And Marci Shaw Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $664.0k during the year ending 12/2022. While expenses have increased by 4.0% 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.
Since 2015, Duane And Marci Shaw Foundation Inc has awarded 39 individual grants totaling $5,082,260. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION OF FUNDS TO OTHER IRC SECTION 501(C)(3) PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Duane Shaw Director | 1 | $0 | |
Marchelle Marie Shaw Director | 1 | $0 | |
John William Shaw Director | 1 | $0 | |
Rebecca Lyn Alder Director | 1 | $0 | |
Natalie Anne Kessler Director | 1 | $0 | |
Karen Marie Bitton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,504,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,507,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $12,006 |
| Contributions, gifts, grants paid | $652,000 |
| Total expenses and disbursements | $664,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,109,424 |
| 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 | $8,381,210 |
| 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 | $12,490,634 |
| 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, Duane And Marci Shaw Foundation Inc has awarded $652,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: FUNDS TO BE USED TO FURTHER EXEMPT PURPOSE OF THE CHARITY | $625,000 |
BOOK OF MORMON CENTRAL PURPOSE: TO BE USED TO FURTHER EXEMPT PURPOSE | $10,000 |
JON M HUNTSMAN SCHOOL OF BUSINESS PURPOSE: FUNDS TO BE USED TO FURTHER EXEMPT PURPOSE OF THE CHARITY | $10,000 |
Sandy, UT PURPOSE: FUNDS TO BE USED TO FURTHER EXEMPT PURPOSE OF THE CHARITY | $4,500 |
Ivins, UT PURPOSE: FUNDS TO BE USED TO FURTHER EXEMPT PURPOSE OF THE CHARITY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |