Shah Charitable Foundation
- Assets
- $85.1m
- Revenue
- $76.3k
- Investments
- $76.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-5082563
Organization Overview
Shah Charitable Foundation is located in Boston, MA. The organization was established in 2017. 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. Shah 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 12/2022, Shah Charitable Foundation generated $76.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (67.7%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Shah Charitable Foundation has awarded 68 individual grants totaling $7,479,301. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT TO INNOVATIVE AND TRANSFORMATIVE WORK IN EDUCATION, HEALTHCARE AND THE COMMUNITY. THE FOUNDATION'S WORK AND SUPPORT IS PRIMARILY CENTERED IN BOSTON. DURING 2022, THE FOUNDATION PROVIDED RESEARCH AND EQUIPMENT TO ENABLE THE BOSTON PUBLIC SCHOOLS TO PROVIDE HEALTHY LUNCHES TO THEIR STUDENTS. THE FOUNDATION ALSO ASSISTED WITH THE EXPANSION OF BOSTON PUBLIC SCHOOLS MY WAY CAFE FOOD AND NUTRITION PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Shah President | 40 | $0 | |
Niraj Shah Treasurer | 5 | $0 | |
Ross Wilson Manager | 40 | $495,365 | |
Josh Block Communications Direc | 40 | $179,228 | |
Marisa Lopes Office & Events Coor | 40 | $137,583 | |
Eliza Novick Analyst | 40 | $130,946 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Ledger | 12/30/22 | $146,250 |
Paul Mccoy Family Office Services | 12/30/22 | $51,551 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $150,756 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,414 |
| Capital Gain Net Income | $63,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $495,365 |
| Other employee salaries and wages | $915,820 |
| Pension plans, employee benefits | $200,053 |
| Interest | $0 |
| Taxes | $89,906 |
| Depreciation | $15,540 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,583 |
| Printing and publications | $0 |
| Other expenses | $1,672,352 |
| Total operating and administrative expenses | $3,500,789 |
| Contributions, gifts, grants paid | $4,219,898 |
| Total expenses and disbursements | $7,720,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,706,435 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,032,011 |
| Net Land, buildings, and equipment | $138,565 |
| Other assets | $0 |
| Total assets | $85,149,769 |
| 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, Shah Charitable Foundation has awarded $4,219,898 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ACHILLES INTERNATIONAL PURPOSE: GENERAL PURPOSE | $10,000 |
BAGLY INC PURPOSE: GENERAL PURPOSE | $20,000 |
AIDSLIFECYCLE PURPOSE: GENERAL PURPOSE | $500 |
BOSTON EDUCATION DEVELOPMENT FUND PURPOSE: GENERAL PURPOSE | $5,000 |
THE BOSTON FOUNDATION PURPOSE: GENERAL PURPOSE | $25,000 |
CAPE COD HEALTHCARE FOUNDATION PURPOSE: GENERAL PURPOSE | $273 |