The El Shahawy Family Foundation Inc
- Assets
- $846.3k
- Revenue
- $92.6k
- Investments
- $823.5k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-8120780
Organization Overview
The El Shahawy Family Foundation Inc is located in Sarasota, FL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. El Shahawy Family Foundation 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 12/2022, El Shahawy Family Foundation Inc generated $92.6k 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 (8.3%) each year. All expenses for the organization totaled $104.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, El Shahawy Family Foundation Inc has awarded 16 individual grants totaling $725,700. 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 |
|---|---|---|---|
Mahfouz El Shahawy Director | 1 | $0 | |
Maria El Shahawy Director | 1 | $0 | |
Malaka Hilton Director | 1 | $0 | |
Magdi El Shahawy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $175 |
| Dividends & Interest | $18,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,276 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116 |
| Total Revenue | $92,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,016 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,173 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $104,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,403 |
| Savings and temporary cash investments | $13,429 |
| 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 | $823,488 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $846,320 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,701 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,701 |
Grants Awarded
Over the last fiscal year, The El Shahawy Family Foundation Inc has awarded $45,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SARASOTA MEMORIAL HEALTHCARE FOUNDATION PURPOSE: UNRESTRICTED DONATION TO SUPPORT THE MISSION OF THE ENTITY | $6,000 |
SARASOTA BASEBALL BOOSTERS INC PURPOSE: UNRESTRICTED DONATION TO SUPPORT THE MISSION OF THE ENTITY | $10,000 |
SEMINOLE BOOSTERS INC PURPOSE: UNRESTRICTED DONATION TO SUPPORT THE MISSION OF THE ENTITY | $21,500 |
MAKE A WISH SOUTHERN FLORIDA INC PURPOSE: UNRESTRICTED DONATION TO SUPPORT THE MISSION OF THE ENTITY | $7,500 |