Reverend Geng Ming Shih Foundation Inc
- Assets
- $21.3m
- Revenue
- $6.9m
- Investments
- $14.7m
- Employees
- 0
- Location
- Somers, NY
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-1819542
Organization Overview
Reverend Geng Ming Shih Foundation Inc is located in Somers, NY. The organization was established in 2015. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reverend Geng Ming Shih 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 12/2023, Reverend Geng Ming Shih Foundation Inc generated $6.9m in total revenue. All expenses for the organization totaled $727.3k during the year ending 12/2023. While expenses have increased by 79.8% per year over the past 9 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 2019, Reverend Geng Ming Shih Foundation Inc has awarded 118 individual grants totaling $1,895,700. 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 |
|---|---|---|---|
Isaac Shih President | 10 | $15,000 | |
Joan Shih Vice-President/treasurer | 10 | $15,000 | |
Grace Shih Secretary | 20 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,380,000 |
| Interest on Savings | $53 |
| Dividends & Interest | $498,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,120 |
| Capital Gain Net Income | $26,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $257 |
| Total Revenue | $6,905,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $45,657 |
| Interest | $0 |
| Taxes | $10,729 |
| Depreciation | $0 |
| Occupancy | $24,023 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,799 |
| Total operating and administrative expenses | $212,314 |
| Contributions, gifts, grants paid | $515,000 |
| Total expenses and disbursements | $727,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,791 |
| Savings and temporary cash investments | $150,425 |
| 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 | $6,380,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,750,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,324,779 |
| 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 | $986,486 |
| Total liabilities | $986,486 |
Grants Awarded
Over the last fiscal year, Reverend Geng Ming Shih Foundation Inc has awarded $515,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
7 STAGES DISCIPLESHIP (BRIDGES) PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $10,000 |
AGAPE ASIAN MISSION PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $2,000 |
AMBASSADORS FOR CHRIST INC PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $20,000 |
BOON CHURCH OF OVERSEA CHINESE MISSION PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $10,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $3,000 |
CHINA EVANGELICAL SEMINARY ASSOCIATION INC PURPOSE: SUPPORT THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $50,000 |