Shafmaster Charitable Foundation
- Assets
- $1.8m
- Revenue
- $331.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Newington, NH
- Founding
- 07/2017
- Data as of
- 10/2023
- EIN
- 81-4504844
Organization Overview
Shafmaster Charitable Foundation is located in Newington, NH. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Shafmaster Charitable 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 10/2023, Shafmaster Charitable Foundation generated $331.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $306.8k during the year ending 10/2023. While expenses have increased by 4.5% per year over the past 4 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 2020, Shafmaster Charitable Foundation has awarded 49 individual grants totaling $1,003,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEY PROVIDED VOUCHERS FOR WINTER CLOTHING TO BE USED FOR CHILDREN IN FOSTER CARE IN THE WHITE RIVER JUNCTION DISTRICT OF VERMONT'S DEPARTMENT OF CHILDREN AND FAMILIES. THIS WILL BE A DIRECT PROGRAM BY WHICH THE BOARD WILL PURCHASE WARM WINTER CLOTHING FOR ELIGIBLE CHILDREN, RATHER THAN PROVIDING FUNDS TO A GOVERNMENTAL ENTITY TO PURCHASE THE CLOTHING.
THEY PROVIDED GIFT CARDS FOR WINTER CLOTHING TO BE USED FOR CHILDREN IN FOSTER CARE IN THE WASHINGTON ADN AROOSTOOK COUNTIES IN MAINE OF THE ADOPTIVE & FOSTER FAMILIES OF MAINE, INC. THIS WILL BE A DIRECT PROGRAM BY WHICH THE BOARD WILL PROVIDED GIFT CARDS FOR ELIGIBLE CHILDREN, RATHER THAN PROVIDING FUNDS TO A GOVERNMENTAL ENTITY TO PURCHASE THE CLOTHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Shafmaster Director | 5 | $0 | |
Clive Wang Director | 5 | $0 | |
Lorraine Beth Hoffman Director | 5 | $0 | |
John Paterson President/di | 5 | $0 | |
Cristin O'hara Director | 5 | $0 | |
Jeffrey S Towers Secretary/di | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,822 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $500 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $331,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,687 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $30,708 |
| Contributions, gifts, grants paid | $276,046 |
| Total expenses and disbursements | $306,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,939 |
| Savings and temporary cash investments | $496,058 |
| 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 | $1,781,914 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $152,671 |
| 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 | $152,671 |
Grants Awarded
Over the last fiscal year, Shafmaster Charitable Foundation has awarded $248,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTIVE FOSTER FAMILIES OF MAINE PURPOSE: GENERAL SUPPORT / PROGRAM | $2,000 |
STEP UP PARENTS PURPOSE: GENERAL SUPPORT / PROGRAM | $5,000 |
YOUTH FULL MAINE PURPOSE: GENERAL SUPPORT / PROGRAM | $40,000 |
SALUD QUE TRANSFORMA USA INC PURPOSE: GENERAL SUPPORT / PROGRAM | $40,000 |
GATHER PURPOSE: GENERAL SUPPORT / PROGRAM | $15,000 |
LOCKER PROJECT PURPOSE: GENERAL SUPPORT / PROGRAM | $25,000 |