Shapiro Foundation
- Assets
- $136.3m
- Revenue
- $10.7m
- Investments
- $96.2m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 04-3541595
Organization Overview
Shapiro Foundation is located in Needham, MA. The organization was established in 2001. 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. Shapiro 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 12/2022, Shapiro Foundation generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shapiro Foundation has awarded 813 individual grants totaling $64,041,813. 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 |
|---|---|---|---|
Edward L Shapiro Trustee | 30 | $0 | |
Barbara J Shapiro Trustee | 5 | $0 | |
Lawrence L Tobin Fdtn Director | 40 | $318,000 | |
Kayla W Rowe Executive Assistant | 40 | $170,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alejandro Okret | 12/30/22 | $103,469 |
Sarah Wiseman | 12/30/22 | $171,971 |
Esmond & Associates Inc | 12/30/22 | $51,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $717,640 |
| Dividends & Interest | $1,004,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,064,243 |
| Capital Gain Net Income | $6,374,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$52,753 |
| Total Revenue | $10,733,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $488,000 |
| Pension plans, employee benefits | $62,510 |
| Interest | $870,102 |
| Taxes | $531,521 |
| Depreciation | $0 |
| Occupancy | $15,420 |
| Travel, conferences, and meetings | $100,528 |
| Printing and publications | $0 |
| Other expenses | $556,168 |
| Total operating and administrative expenses | $2,960,068 |
| Contributions, gifts, grants paid | $8,533,687 |
| Total expenses and disbursements | $11,493,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,637,518 |
| 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 | $76,641,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,504,004 |
| Total assets | $136,345,794 |
| 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 | $21,812 |
| Total liabilities | $21,812 |
Grants Awarded
Over the last fiscal year, Shapiro Foundation has awarded $8,533,687 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ADAPTIVE SPORTS PARTNERS OF THE NORTH COUNTRY PURPOSE: DOMESTIC NEEDS | $412 |
ALIGHT PURPOSE: INTERNATIONAL RELIEF | $62,500 |
AMANI WOMEN CENTER PURPOSE: DOMESTIC NEEDS | $512 |
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $500 |
AMERICAN PARKINSON DISEASE ASSOCIATION PURPOSE: MEDICAL RESEARCH | $1,000 |
AMERICAN FRIENDS OF UJA OF GREATER TORONTO INC PURPOSE: DOMESTIC NEEDS | $99,000 |