Shell Foundation
- Assets
- $694.0m
- Revenue
- $58.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 98-0368454
Organization Overview
Shell Foundation is located in null. The organization was established in 2004. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Shell Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Shell Foundation generated $58.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $28.9m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 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, Shell Foundation has awarded 17 individual grants totaling $12,904,714. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHELL FOUNDATION IS AN INDEPENDENT CHARITY THAT APPLIES A BUSINESS APPROACH TO GLOBAL DEVELOPMENT CHALLENGES WHICH CONSTRAIN ACCESS TO ENERGY AND SUSTAINABLE URBAN AND RURAL MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACCESS TO ENERGY PROGRAMME FOCUSES ON CO-CREATING AND SUPPORTING THE SCALE-UP OF PIONEERING SOCIAL ENTERPRISES AND MARKET ENABLERS SUCH AS SUPPLY CHAIN OR FINANCIAL INTERMEDIARIES SHELL FOUNDATION SF IS HELPING TO INCREASE THE AVAILABILITY OF MODERN ENERGY SERVICES TO LOW-INCOME CONSUMERS IN WAYS THAT ARE FINANCIALLY VIABLE AND SCALABLE. MAIN ACHIEVEMENTS: -77,977 LIVELIHOODS IMPROVED BY THE CONTRIBUTION OF JAZA'S 62 ENERGYHUBS ACROSS RURAL TANZANIA. - HELLO SOLAR HAS CONTRIBUTED TO 954TONNE REDUCTION IN CO2 BY EMPOWERING RURAL COMMUNITIES WITH PAYG ACCESS IN ETHIOPIA. -DIGITAL FOOD DISTRIBUTION PLATFORM AGROCENTA HAS IMPROVED THE LIVES OF 162,000 SMALLHOLDER FARMERS SIGNIFICANTLY REDUCING POST-HARVEST LOSS AND CREATING MORE VALUE FOR BUSINESSES. LAUNCHED THE INDIA COVID RESPONSE PROGRAMME FOR AGRICULTURE TRANSITION A $55M LOAN PROGRAMME SUPPORTING EARLY-STAGE INDIAN AGRICULTURE ENTERPRISES ENGAGED IN CLEAN ENERGY SOLUTIONS. THE PROGRAMME WAS THE RESULT OF INTERNATIONAL PARTNERSHIP AND INCLUDES SPECIFIC FEATURES THAT ALLOWS IT TO WORK WITH ORGANISATIONS SERVING LOW-INCOME POPULATIONS.
THE SUSTAINABLE MOBILITY PROGRAMME PROVIDES SUPPORT TO UNPROVEN MOBILITY BUSINESSES WITH SCALABLE SOLUTIONS THAT INCREASE ACCESS TO AFFORDABLE CLEAN TRANSPORT IN CITIES IMPROVE THE DELIVERY OF URBAN AND RURAL TRANSPORT SERVICES AND REDUCE EMISSIONS INTENSITY THROUGH TECHNOLOGY INNOVATION. MAIN ACHIEVEMENTS: -MORE THAN 1 MILLION PEOPLE RECEIVED GOODS VIA TUSKER'S FLEET OF TRANSPORTERS IN SOUTHERN INDIA. -MAX.NG'S WORK WITH TRANSPORT OPERATORS IN THE INFORMAL SECTOR IN NIGERIA HAS IMPROVED THE LIVES OF 1.6 MILLION PEOPLE. -OVER 260,000 LIVELIHOODS IMPROVED USING WATERBUS'S FERRY SERVICE CONNECTING ISLAND COMMUNITIES ON LAKE VICTORIA IN KENYA AND UGANDA. -AMPERSAND A RWANDA-BASED ELECTRIC MOTORCYCLE COMPANY TO WHICH SF PROVIDED EARLY-STAGE FINANCE SECURED A $9M LOAN FACILITY FROM THE US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION DFC TO EXPAND ITS OPERATIONS IN RWANDA AND KENYA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Sam Parker Chief Executive Officer | Officer | 0 | $0 |
Mr Richard Gomes Acting Deputy Chief Executive Officer | Officer | 0 | $0 |
Ms Rachel Singh Davies Chief Financial Officer Acting Deputy Chief Executive Officer | Officer | 0 | $0 |
Ms Patricia Otero Chief Financial Officer | Officer | 0 | $0 |
Ms Diana Fox Carney Trustee | Trustee | 0 | $0 |
Ms Gail Klintworth Trustee-Chair | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wanji Nganga Contractor | 12/30/20 | $177,097 |
Maurice Othulo Contractor | 12/30/20 | $113,113 |
Daniel Tomlinson Contractor | 12/30/20 | $121,303 |
Tara Collier Contractor | 12/30/20 | $163,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,486,986 |
| Government grants | $6,638,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $621,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,746,647 |
| Total Program Service Revenue | $0 |
| Investment income | $10,417,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,268,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,431,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,972,891 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,192,771 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,741,195 |
| Compensation of current officers, directors, key employees. | $3,741,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,702,718 |
| Fees for services: Legal | $237,616 |
| Fees for services: Accounting | $112,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,148,382 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $621,279 |
| Travel | $67,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,874,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,774,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,072,356 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $617,035,724 |
| Investments—other securities | $0 |
| Investments—program-related | $64,153,890 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $694,036,776 |
| Accounts payable and accrued expenses | $5,263,660 |
| Grants payable | $13,004,856 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $691,378 |
| Total liabilities | $18,959,894 |
| Net assets without donor restrictions | $650,354,986 |
| Net assets with donor restrictions | $24,721,896 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $694,036,776 |
Grants Awarded
Over the last fiscal year, Shell Foundation has awarded $7,197,891 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Collins, CO PURPOSE: General support | $2,700,000 |
ODYSSEY ENERGY SOLUTIONS INC PURPOSE: General support | $1,712,891 |
SOCIAL INVESTMENT MANAGERS AND ADVISERS LLC PURPOSE: General support | $1,635,000 |
WORLD RESOURCES INSTITUTE PURPOSE: General support | $600,000 |
BURN MANUFACTURING COMPANY PURPOSE: Incubation of EPC Business project | $300,000 |
PRECISE CONSULT INTERNATIONAL LLC PURPOSE: Ethiopia Market Accelerator Programme project | $250,000 |
Endowment Analysis
| Beg. Balance | $577,348,398 |
| Earnings | $61,187,326 |
| Grants | -$21,500,000 |
| Ending Balance | $617,035,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vancouver Foundation | $1,114,568,560 | $88,948,385 |
Federation Cja | $95,723,392 | $84,248,628 |
Sunnybrook Foundation | $338,541,566 | $82,225,949 |
Jerusalem Foundation | $119,104,204 | $47,867,000 |
United Israel Appeal Of Canada Inc | $41,748,744 | $42,397,130 |
Nuffield Foundation | $751,340,789 | $8,543,447 |
Shell Foundation | $694,036,776 | $58,431,899 |