Shepard Broad Foundation Inc
- Assets
- $23.8m
- Revenue
- $1.2m
- Investments
- $23.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 59-0998866
Organization Overview
Shepard Broad Foundation Inc is located in Wilmington, DE. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Shepard Broad 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, Shepard Broad Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shepard Broad Foundation Inc has awarded 887 individual grants totaling $9,192,077. 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 |
|---|---|---|---|
Karen Berman Dir, Treas | 1 | $2,500 | |
Ann B Bussel Dir, Chairperson | 1 | $0 | |
Daniel J Bussel Dir, Sec | 1 | $2,500 | |
Deborah Bussel Dir, Pres | 10 | $0 | |
John M Bussel Dir, VP | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Team Hewins Llc | 12/30/23 | $104,273 |
Foundation Source | 12/30/23 | $67,000 |
Enid Mercado | 12/30/23 | $56,800 |
Bussel Philanthropy Associates Llc | 12/30/23 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,379 |
| Dividends & Interest | $789,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $451,704 |
| Capital Gain Net Income | $451,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,242,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,269 |
| Printing and publications | $0 |
| Other expenses | $68,291 |
| Total operating and administrative expenses | $323,426 |
| Contributions, gifts, grants paid | $1,030,187 |
| Total expenses and disbursements | $1,353,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $364,466 |
| 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 | $23,814,911 |
| 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, Shepard Broad Foundation Inc has awarded $1,030,187 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ACUPUNCTURISTS WITHOUT BORDERS PURPOSE: RELIEF WORK IN THE MIDDLE EAST | $2,500 |
AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO PURPOSE: SUPPORT FOR DISPLACED FAMILIES | $2,000 |
AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATIO PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC PURPOSE: STUDENT SCHOLARSHIP FUND AT THE HEBREW UNIVERSITY OF JERUSALEM | $5,500 |
AMERICAN JEWISH COMMITTEE PURPOSE: 2023 MIAMI ANNUAL CAMPAIGN | $20,000 |
BENNING ACADEMY OF MUSIC FOUNDATION PURPOSE: JEAN AVIADO ROCHA FUND | $5,000 |