Shalamar Foundation Inc
- Assets
- $471.2k
- Revenue
- $54.3k
- Investments
- $413.1k
- Employees
- 0
- Location
- Utica, NY
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-1361420
Organization Overview
Shalamar Foundation Inc is located in Utica, NY. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shalamar 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, Shalamar Foundation Inc generated $54.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $34.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shalamar Foundation Inc has awarded 20 individual grants totaling $113,460. 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 |
|---|---|---|---|
Alan Rosenblum V.p./ Director | 5 | $0 | |
Mary Beth Rosenblum Pres/ Director | 10 | $0 | |
Alexander J Rosenblum Director | 5 | $0 | |
Shona Rosenblum Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,345 |
| Interest on Savings | $857 |
| Dividends & Interest | $9,144 |
| 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 | $992 |
| Total Revenue | $54,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,077 |
| Depreciation | $349 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,768 |
| Total operating and administrative expenses | $4,994 |
| Contributions, gifts, grants paid | $29,892 |
| Total expenses and disbursements | $34,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56 |
| Savings and temporary cash investments | $57,840 |
| 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 | $319,587 |
| Net Land, buildings, and equipment | $175 |
| Other assets | $0 |
| Total assets | $471,179 |
| 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, Shalamar Foundation Inc has awarded $29,892 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRIANNAH WEEKS PURPOSE: DONATION FORELIGIBLE STUDENT | $5,814 |
DYLAN ROCKER PURPOSE: DONATION FORELIGIBLE STUDENT | $10,641 |
REESE SNYDER PURPOSE: DONATION FORELIGIBLE STUDENT | $8,912 |
KASSIE BERRY PURPOSE: DONATION FORELIGIBLE STUDENT | $3,588 |
MARIAH THRASHER PURPOSE: DONATION FORELIGIBLE STUDENT | $937 |