Herbert C Shipman Foundation
- Assets
- $521.9k
- Revenue
- $15.6k
- Investments
- $494.2k
- Employees
- 0
- Location
- Hilo, HI
- Founding
- 01/1978
- Data as of
- 07/2023
- EIN
- 99-0175917
Organization Overview
Herbert C Shipman Foundation is located in Hilo, HI. The organization was established in 1978. 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. Herbert C Shipman 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 07/2023, Herbert C Shipman Foundation generated $15.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $39.0k during the year ending 07/2023. While expenses have increased by 1.0% 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 2015, Herbert C Shipman Foundation has awarded 46 individual grants totaling $230,286. 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 |
|---|---|---|---|
Oliver English Director | 1 | $0 | |
Nancy Cabral President/sec/treas | 2 | $0 | |
Barbara Takase Vice President | 1 | $0 | |
Doug Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108 |
| Capital Gain Net Income | $108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $8,838 |
| Contributions, gifts, grants paid | $30,200 |
| Total expenses and disbursements | $39,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,665 |
| 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 | $198,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $521,868 |
| 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, Herbert C Shipman Foundation has awarded $30,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIPS | $21,200 |
ROTARY CLUB OF HILO FOUNDATION PURPOSE: SUPPORT | $9,000 |