Dr Samuel Shaheen Family Foundation
- Assets
- $496.1k
- Revenue
- $69.1k
- Investments
- $345.4k
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 81-0772773
Organization Overview
Dr Samuel Shaheen Family Foundation is located in Saginaw, MI. The organization was established in 2016. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Dr Samuel Shaheen Family 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 12/2023, Dr Samuel Shaheen Family Foundation generated $69.1k 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 (19.9%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr Samuel Shaheen Family Foundation has awarded 133 individual grants totaling $1,572,568. 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 |
|---|---|---|---|
Samuel Shaheen President | 1 | $0 | |
Gary Glaza Vice President | 0.5 | $0 | |
Liz Schipper Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,372 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $419 |
| Total operating and administrative expenses | $5,528 |
| Contributions, gifts, grants paid | $92,650 |
| Total expenses and disbursements | $98,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673 |
| 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 | $150,000 |
| 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 | $496,108 |
| 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, Dr Samuel Shaheen Family Foundation has awarded $92,650 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SAGINAW FUTURE CAMPAIGN PURPOSE: CONTRIBUTION | $1,000 |
JUNIOR BRETT FOUNDATION PURPOSE: CONTRIBUTION | $250 |
UNIVERSITY OF MICHIGAN MEDICAL SCHOOL PURPOSE: CONTRIBUTION | $5,000 |
ALBION REINVESTMENT CORPORATION PURPOSE: CONTRIBUTION | $25,000 |
FIRST WARD COMMUNITY SERVICE-CENTER PURPOSE: CONTRIBUTION | $1,000 |
MARYJO LUTZ-JESSIQUA HUDECEK SCLRSHP FDN PURPOSE: CONTRIBUTION | $500 |