Shedrub Development Fund Inc
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Northampton, MA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-4751696
Organization Overview
Shedrub Development Fund Inc is located in Northampton, MA. The organization was established in 2006. According to its NTEE Classification (R12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shedrub Development Fund Inc 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 12/2021, Shedrub Development Fund Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BUDDHIST RELIGIOUS, EDUCATIONAL AND CHARITABLE WORKS INCLUDING SUPPORT TO MONASTERIES, NUNNERIES, LEARNING, TRAINING AND MEDITATION RETREAT CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS GRANTS TO KA-NYING SHEDRUB LING MONASTERY NEPAL TO ASSIST WITH CONSTRUCTION COSTS
VARIOUS GRANTS TO PAL THUBTEN SHEDRUB LING MONASTERY TO ASSIST WITH OPERATING EXPENSES AND CONSTRUCTION COSTS
VARIOUS GRANTS TO RANGJUNG YESHE SHENPEN TO ASSIST WITH OPERATING EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Lesser President | OfficerTrustee | 2 | $0 |
Shireen Patell Member | Trustee | 2 | $0 |
Michele Nevarez Member | Trustee | 2 | $0 |
Hilary Herdman Member | Trustee | 2 | $0 |
Jack Detar Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,885,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,885,024 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,885,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $902,082 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,337 |
| Office expenses | $39,722 |
| Information technology | $5,079 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,062,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,237,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $285,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,522,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,237,758 |
| Paid-in or capital surplus, or land, building, or equipment fund | $285,000 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,522,758 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shedrub Development Fund Inc has recieved totaling $5,820.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $5,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation To Combat Anti-Semitism Inc Foxborough, MA | $16,034,331 | $10,197,544 |
American Friends Of Edelgive Foundation New York, NY | $3,713,867 | $4,985,145 |
See Forward Fund Inc Northampton, MA | $644,011 | $594,147 |
Shedrub Development Fund Inc Northampton, MA | $2,522,758 | $1,885,024 |
Onward Together Foundation New York, NY | $368,957 | $697,498 |
Civil Rights Foundation Inc New York, NY | $2,091,187 | $1,271,151 |
Club Of Madrid Foundation Inc Newton, MA | $13,176 | $276,000 |
Reframing The Future Inc Brooklyn, NY | $23,821 | $289,029 |
Letter Of The Law Inc Brooklyn, NY | $7,081,813 | $2,554,084 |
International Ministry Marketplace Corp New York, NY | $6,209 | $30,051 |
Padl Ltd New York, NY | $3,119 | $0 |
Kiwanis Charity Club Of Medford Inc Medford, MA | $30,378 | $0 |