Shearman Foundation
- Assets
- $4.4m
- Revenue
- $222.9k
- Investments
- $3.7m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 07/1982
- Data as of
- 03/2022
- EIN
- 72-0920599
Organization Overview
Shearman Foundation is located in Lake Charles, LA. The organization was established in 1982. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shearman Foundation 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 03/2022, Shearman Foundation generated $222.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $467.4k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (22.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Shearman Foundation has awarded 70 individual grants totaling $791,502. 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 |
|---|---|---|---|
Thomas B Shearman III Trustee | 1 | $0 | |
Susan Cook Trustee | 1 | $0 | |
Thad Cook Trustee | 1 | $0 | |
Thaddeus Stakely Cook Trustee | 1 | $0 | |
Isabella Shearman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $130,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,618 |
| Capital Gain Net Income | $92,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,623 |
| Contributions, gifts, grants paid | $455,750 |
| Total expenses and disbursements | $467,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,378 |
| Savings and temporary cash investments | $729,065 |
| Net Accounts receivable | $1,300 |
| 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 | $801,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,398,136 |
| 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 | $3,043 |
| Total liabilities | $3,043 |
Grants Awarded
Over the last fiscal year, Shearman Foundation has awarded $455,750 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIM SERVICES PURPOSE: DONATION | $112,000 |
COMMUNITY FOUNDATION PURPOSE: DONATION | $75,000 |
MCNEESE STATE UNIVERSITY PURPOSE: DONATION | $72,000 |
ST NICHOLAS CENTER PURPOSE: DONATION | $52,000 |
EPISCOPAL DAY SCHOOL PURPOSE: DONATION | $50,000 |
ST MICHAEL & ALL ANGELS EPISOCOPAL CHURCH PURPOSE: DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epochtimes Public Media Inc Houston, TX | $307,327 | $4,904,097 |
Southern Newspapers Inc Media Employeess Medical Plan Trust Houston, TX | $197,466 | $3,542,295 |
University Press Of Mississippi Inc Jackson, MS | $6,089,219 | $4,042,971 |
International Newspaper Marketing Assoc Dallas, TX | $1,983,312 | $3,083,139 |
San Antonio Report San Antonio, TX | $504,406 | $2,163,484 |
The Texas Democracy Foundation Austin, TX | $1,291,717 | $1,907,878 |
Oxford American Literary Project Inc Little Rock, AR | $826,347 | $1,575,021 |
Texas Conservative Coalition Research Institute Austin, TX | $668,794 | $1,384,176 |
Deep Vellum Publishing Dallas, TX | $927,865 | $1,118,831 |
Land Grant University Tax Education Foundation Inc College Station, TX | $503,284 | $859,742 |
Mensa Education And Research Foundation Hurst, TX | $6,134,049 | $836,864 |
Advocate Media - Dallas Inc Dallas, TX | $263,583 | $798,432 |