Shen Fam Foundation
- Assets
- $11.7m
- Revenue
- $608.7k
- Investments
- $11.4m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 22-6627837
Organization Overview
Shen Fam Foundation is located in Charlottesville, VA. 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. Shen Fam 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, Shen Fam Foundation generated $608.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shen Fam Foundation has awarded 246 individual grants totaling $14,982,316. 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 |
|---|---|---|---|
Theodore P Shen Trustee | 0.05 | $0 | |
Carla Shen Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $355,000 |
| Interest on Savings | $1,297 |
| Dividends & Interest | $299,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,294 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,941 |
| Total Revenue | $608,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,456 |
| Contributions, gifts, grants paid | $1,244,350 |
| Total expenses and disbursements | $1,275,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $285,472 |
| 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 | $2,687,374 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,691,948 |
| 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, Shen Fam Foundation has awarded $1,244,350 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE THEATRE GROUP PURPOSE: GENERAL | $10,000 |
BROOKLYN COMMUNITY FOUNDATION PURPOSE: GENERAL | $1,000 |
EUGENE ONEILL THEATER CENTER PURPOSE: GENERAL | $25,000 |
FIASCO THEATRE PURPOSE: GENERAL | $25,000 |
NEW AMSTERDAM PRESENTS PURPOSE: GENERAL | $5,000 |
PACKER COLLEGIATE INSTITUTE PURPOSE: GENERAL | $50,000 |