Jack And Kathy Shields Family Foundation
- Assets
- $11.4m
- Revenue
- $217.9k
- Investments
- $10.7m
- Employees
- 0
- Location
- Duxbury, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-6878692
Organization Overview
Jack And Kathy Shields Family Foundation is located in Duxbury, MA. 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. Jack And Kathy Shields 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, Jack And Kathy Shields Family Foundation generated $217.9k 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 (53.5%) each year.
Since 2020, Jack And Kathy Shields Family Foundation has awarded 93 individual grants totaling $2,864,885. 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 |
|---|---|---|---|
John M Shields Trustee | 5 | $0 | |
Kathleen W Shields Trustee | 10 | $0 | |
John Yunits Trustee | 5 | $0 | |
Mary Kramer Foundation Director | 25 | $80,000 | |
Fallon Shields Trustee | 10 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $305,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,989 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,701 |
| Depreciation | $8,171 |
| Occupancy | $79,166 |
| Travel, conferences, and meetings | $469 |
| Printing and publications | $0 |
| Other expenses | $19,600 |
| Total operating and administrative expenses | $286,167 |
| Contributions, gifts, grants paid | $812,810 |
| Total expenses and disbursements | $1,098,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,481 |
| Savings and temporary cash investments | $640,256 |
| 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 | $10,734,993 |
| Net Land, buildings, and equipment | $27,238 |
| Other assets | $0 |
| Total assets | $11,410,968 |
| 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, Jack And Kathy Shields Family Foundation has awarded $812,810 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BEE PROJECT PURPOSE: PROGRAM SUPPORT | $6,000 |
BIG SISTER ASSOCIATION OF GREATER BOSTON INC PURPOSE: PROGRAM SUPPORT | $25,000 |
BROCKTON BOYS AND GIRLS CLUBBOYS AND GIRLS CLUB OF METRO SOUTH PURPOSE: PROGRAM SUPPORT | $25,000 |
CAPE WELLNESS COLLABORATIVE INC PURPOSE: PROGRAM SUPPORT | $25,000 |
CHARITY GUILD INC PURPOSE: PROGRAM SUPPORT | $40,000 |
CROSSROADS FOR KIDS INC PURPOSE: PROGRAM SUPPORT | $75,000 |