Shaw Brothers Family Foundation Inc
- Assets
- $13.6m
- Revenue
- $1.0m
- Investments
- $6.5m
- Employees
- 0
- Location
- Gorham, ME
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4023084
Organization Overview
Shaw Brothers Family Foundation Inc is located in Gorham, ME. The organization was established in 2015. 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. Shaw Brothers Family 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, Shaw Brothers Family Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $570.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shaw Brothers Family Foundation Inc has awarded 150 individual grants totaling $1,541,620. 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 |
|---|---|---|---|
Jonathan E Shaw Trustee | 0 | $0 | |
Daniel H Shaw Trustee | 0 | $0 | |
Donna K Shaw Trustee | 0 | $0 | |
Jacqueline M Joyce Trustee | 0 | $0 | |
Thomas B Biegel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,004 |
| Dividends & Interest | $156,109 |
| Net Rental Income | $37,545 |
| Net Gain on Sale of Assets | $818,852 |
| Capital Gain Net Income | $818,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $605 |
| Total Revenue | $1,014,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $163,152 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,404 |
| Total operating and administrative expenses | $243,344 |
| Contributions, gifts, grants paid | $327,239 |
| Total expenses and disbursements | $570,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,474 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,241 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,108,535 |
| Net Land, buildings, and equipment | $6,099,922 |
| Other assets | $500 |
| Total assets | $13,577,679 |
| Accounts payable and accrued expenses | $595 |
| 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 | $595 |
Grants Awarded
Over the last fiscal year, Shaw Brothers Family Foundation Inc has awarded $327,239 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
CAMP SUNSHINE AT SEBAGO LAKE PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
CHILDREN'S MUSEUM AND THEATRE OF ME PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CUMBERLAND COUNTY FAIR PURPOSE: GENERAL OPERATING SUPPORT | $500 |
GORHAM HIGH SCHOOL PROJECT GRADUATI PURPOSE: GENERAL OPERATING SUPPORT | $250 |
GORHAM SCHOOL DEPARTMENT PURPOSE: THEATER PROGRAM | $100 |