Shipps Foundation
- Assets
- $721.3k
- Revenue
- $8.5k
- Investments
- $715.4k
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 13-4090870
Organization Overview
Shipps Foundation is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Shipps 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, Shipps Foundation generated $8.5k 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 (4.5%) each year. All expenses for the organization totaled $37.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shipps Foundation has awarded 48 individual grants totaling $264,500. 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 |
|---|---|---|---|
Richard Davis Secretary,tres.,director | 1 | $0 | |
Christina Davis President, Director | 1 | $0 | |
V Allison Davis O'keefe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$622 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $481 |
| Total operating and administrative expenses | $3,622 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $37,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,859 |
| Net Accounts receivable | $10 |
| 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 | $721,286 |
| 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, Shipps Foundation has awarded $33,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS UNION FOUNDATION PURPOSE: OPERATIONAL | $6,000 |
EPISCOPAL HIGH SCHOOL PURPOSE: OPERATIONAL | $2,500 |
MUSEUM OF MODERN ART PURPOSE: OPERATIONAL | $10,000 |
NEW YORK LANDMARKS PRESERVATION FDN PURPOSE: OPERATIONAL | $5,000 |
WOMEN'S PRISON ASSOCATION PURPOSE: OPERATIONAL | $10,000 |