Margaret B Shipman Foundation
- Assets
- $107.9k
- Revenue
- $5.8k
- Investments
- $88.1k
- Employees
- 0
- Location
- Keaau, HI
- Founding
- 12/1984
- Data as of
- 12/2023
- EIN
- 99-0231195
Organization Overview
Margaret B Shipman Foundation is located in Keaau, HI. The organization was established in 1984. 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. Margaret B 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 12/2023, Margaret B Shipman Foundation generated $5.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas T English President | 2 | $0 | |
Margaret E M Farias Vice Pres | 0 | $0 | |
Daria L Joaquin Sec Treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80 |
| Dividends & Interest | $1,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,444 |
| Capital Gain Net Income | $4,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $246 |
| Contributions, gifts, grants paid | $4,650 |
| Total expenses and disbursements | $4,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,747 |
| Savings and temporary cash investments | $0 |
| 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 | $107,869 |
| 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 | $5,650 |
| Total liabilities | $5,650 |
Grants Awarded
Over the last fiscal year, Margaret B Shipman Foundation has awarded $4,650 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KEAAU MIDDLE SCHOOL PURPOSE: OPERATING FUNDS | $950 |
KEAAU HIGH SCHOOL PURPOSE: OPERATING FUNDS | $950 |
HOPE SERVICES HAWAII PURPOSE: OPERATING FUNDS | $900 |
PANIOLO PRESERVATION SOCIETY PURPOSE: OPERATING FUNDS | $900 |
KEAAU ELEMENTARY SCHOOL PTSA PURPOSE: OPERATING FUNDS | $950 |