The Shilling Family Foundation Incorporated
- Assets
- $8.4m
- Revenue
- $390.3k
- Investments
- $6.8m
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 04/1994
- Data as of
- 11/2023
- EIN
- 22-3270538
Organization Overview
The Shilling Family Foundation Incorporated is located in Springfield, NJ. The organization was established in 1994. 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. Shilling Family Foundation Incorporated 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 11/2023, Shilling Family Foundation Incorporated generated $390.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $512.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shilling Family Foundation Incorporated has awarded 177 individual grants totaling $1,907,203. 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 |
|---|---|---|---|
Margaret Shilling Secy/treasurer | 0.5 | $0 | |
A Gary Shilling Chairman | 0.5 | $0 | |
Geoffrey Shilling Trustee | 0.1 | $0 | |
Andrew Shilling Trustee | 0.1 | $0 | |
Stephen Shilling Trustee | 0.1 | $0 | |
Jennifer Shilling Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $211,996 |
| Dividends & Interest | $20,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$303,995 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$88,126 |
| Total Revenue | $390,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,399 |
| Total operating and administrative expenses | $79,699 |
| Contributions, gifts, grants paid | $432,503 |
| Total expenses and disbursements | $512,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,907 |
| Savings and temporary cash investments | $1,543,414 |
| 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 | $6,079,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$30,685 |
| Total assets | $8,423,829 |
| 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, The Shilling Family Foundation Incorporated has awarded $432,503 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST COLLEGE PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $1,000 |
BATES COLLEGE PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $5,000 |
BERKELY DIVINITY SCHOOL AT YALE PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $10,000 |
CANTERBURY SCHOOL PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $10,000 |
CHRIST CHURCH IN SHORT HILLS PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $2,500 |
CDSP PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $10,000 |