Shell Foundation
- Assets
- $620.7m
- Revenue
- $40.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 98-0368454
Organization Overview
Shell Foundation is located in Washington, DC. 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 12/2022, Shell Foundation generated $40.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $29.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shell Foundation has awarded 23 individual grants totaling $17,554,714. 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
2022
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: -AN INDEPENDENT IMPACT ASSESSMENT REPORTED A 40% NET INCREASE IN REVENUE FROM FARMERS THAT WERE USING SUNCULTURE'S SOLAR WATER PUMPS. -LORENTZ HAS IN THE FIRST PHASE OF THEIR PILOT REALISED A SIGNIFICANT REDUCTION IN COST WITH THE SOLAR PUMP'S DISTRIBUTOR FINANCING SUPPORTED BY SF IMPROVING AFFORDABILITY AND AVAILABILITY OF IRRIGATION PUMPS FOR FARMERS. -SISTEMA.BIO WITH SF SUPPORT DEMONSTRATED A CONSIDERABLE COST REDUCTION OF THEIR BIODIGESTER THROUGH THE MONETISATION OF CARBON CREDITS SUBSTANTIALLY IMPROVING THE INCOME OPPORTUNITY FOR THE FARMERS.
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: - WHEREISMYTRANSPORT'S DATA PLATFORM IS IMPACTING OVER 10M COMMUTERS DAILY. -NAVALT WITH SF"S SUPPORT BUILT INDIA'S FIRST SOLAR FERRY AND SOLAR ELECTRIC FISHING BOATS TRANSPORTED OVER 1.5M PASSENGERS WITHOUT SINGLE DROP OF FUEL.
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 |
|---|---|---|---|
Ms Gail Klintworth Trustee-Chair | 0 | $0 | |
Ms Diana Lisa Carney Trustee | 0 | $0 | |
Ms Alice Georgina Chapple Trustee | 0 | $0 | |
Professor Maggie Kigozi Trustee | 0 | $0 | |
Ms Sinead Caitlin Lynch Trustee | 0 | $0 | |
Mr Wael Sawan 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 | $8,889,269 |
| Government grants | $12,428,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,356,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,674,878 |
| Total Program Service Revenue | $0 |
| Investment income | $9,427,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,636,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,738,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,359,285 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,852,051 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,230,198 |
| Compensation of current officers, directors, key employees. | $5,230,198 |
| 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 | $881,845 |
| Fees for services: Legal | $405,658 |
| Fees for services: Accounting | $140,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,169,102 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $564,169 |
| Travel | $548,619 |
| 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 | $29,685,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,210,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,173,100 |
| 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 | $534,722,708 |
| Investments—other securities | $0 |
| Investments—program-related | $67,604,734 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $620,710,958 |
| Accounts payable and accrued expenses | $7,024,298 |
| Grants payable | $13,296,360 |
| 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 | $2,251,420 |
| Total liabilities | $22,572,078 |
| Net assets without donor restrictions | $571,763,037 |
| Net assets with donor restrictions | $26,375,843 |
| 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 | $620,710,958 |
Grants Awarded
Over the last fiscal year, Shell Foundation has awarded $4,650,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AKILI VENTURES LLC PURPOSE: Phase 1 - PAYG Venture | $100,000 |
METRO AFRICA XPRESS INC PURPOSE: for the project MAX Pilot of EVs in Ghana | $500,000 |
FACTORE VENTURES PBC PURPOSE: for the project Outsourcing Incubation Areas | $2,250,000 |
ODYSSEY ENERGY SOLUTIONS INC PURPOSE: for the project Financing solution to scale Energy as-a-Service model for Health Facility Electrification | $500,000 |
SOCIAL INVESTMENT MANAGERS AND ADVISERS LLC PURPOSE: for the project Pilot of SIMA - Angaza DFF | $1,000,000 |
WORLD BANK GROUP ESMAP PURPOSE: To finance the End User Subsidy Lab Externally Financed Output the EFO which forms part of the Bank's World work program | $300,000 |