Shippy Foundation
- Assets
- $31.6m
- Revenue
- $2.2m
- Investments
- $28.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2007
- Data as of
- 12/2020
- EIN
- 20-4083744
Organization Overview
Shippy Foundation is located in New York, NY. The organization was established in 2007. 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. Shippy 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 12/2020, Shippy Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2020. While expenses have increased by 9.6% per year over the past 6 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 2014, Shippy Foundation has awarded 482 individual grants totaling $14,687,192. 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 |
|---|---|---|---|
David L Farnsworth Chairman/director | 20 | $71,560 | |
Anne E Farnsworth Vice President/director | 1 | $0 | |
Evgenia S Peretz Vice Pres,secretary/direct | 1 | $0 | |
Anthony J Fasano Jr Assistant Treasurer | 1 | $0 | |
Anne L Peretz President/director | 1 | $0 | |
Jesse W Peretz Vice Pres/treasurer/direct | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Clark Estates Inc | 12/30/17 | $256,000 |
Mott Philanthropic | 12/30/17 | $73,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800,000 |
| Interest on Savings | $19,360 |
| Dividends & Interest | $15,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,144 |
| Capital Gain Net Income | $613,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,240,209 |
| Total Revenue | $2,190,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,275 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $82,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $306,633 |
| Total operating and administrative expenses | $460,587 |
| Contributions, gifts, grants paid | $3,034,033 |
| Total expenses and disbursements | $3,494,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,102,774 |
| 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 | $13,630,359 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,571,947 |
| 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, Shippy Foundation has awarded $1,845,304 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $86,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $71,000 |
BOSTON EDUCATION DEVELOPMENT FOUNDATION INC PURPOSE: ORCHARD GARDENS K-8 PILOT SCHOOL | $63,304 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $60,000 |
BOSTON ARTS ACADEMY PURPOSE: GENERAL SUPPORT | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |