Shulman Family Foundation
- Assets
- $755.3k
- Revenue
- $100.6k
- Investments
- $751.0k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 91-2100817
Organization Overview
Shulman Family Foundation is located in Las Vegas, NV. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Shulman 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, Shulman Family Foundation generated $100.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $179.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shulman Family Foundation has awarded 200 individual grants totaling $2,009,332. 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 |
|---|---|---|---|
Barry Shulman Director & President | 4 | $35,000 | |
Jeff Shulman Director & Secretary | 4 | $20,000 | |
Michael Shulman Director & Vice President | 4 | $35,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,468 |
| Dividends & Interest | $17,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,894 |
| Capital Gain Net Income | $81,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,647 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,209 |
| Total operating and administrative expenses | $97,573 |
| Contributions, gifts, grants paid | $82,300 |
| Total expenses and disbursements | $179,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,219 |
| 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 | $755,252 |
| 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, Shulman Family Foundation has awarded $82,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS OF NEVADA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $5,000 |
GIRL SCOUTS OF SOUTHERN NEVADA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $10,000 |
HOUSING WORKS PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $2,000 |
JEWISH NEVADA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ARGANIZATION | $11,800 |
KEEP MEMORY ALIVE PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $15,000 |
NATHAN ADELSON HOSPICE FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $10,000 |