Shank Family Foundation
- Assets
- $3.7m
- Revenue
- $419.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-1609483
Organization Overview
Shank Family Foundation is located in Sarasota, FL. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Shank Family 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 12/2023, Shank Family Foundation generated $419.9k 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 (16.7%) each year. All expenses for the organization totaled $290.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shank Family Foundation has awarded 26 individual grants totaling $2,363,334. 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 |
|---|---|---|---|
Susan Shank President/treas | 1 | $0 | |
Judith Shank Vice President | 1 | $0 | |
Stephen Shank Secretary | 1 | $0 | |
Mary Retzlaff Director | 1 | $0 | |
Todd Retzlaff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $117,194 |
| Interest on Savings | $0 |
| Dividends & Interest | $94,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $208,311 |
| Capital Gain Net Income | $208,311 |
| Net ST Capital Gain | $1,290 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $419,856 |
| 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 | $25 |
| Total operating and administrative expenses | $13,832 |
| Contributions, gifts, grants paid | $276,667 |
| Total expenses and disbursements | $290,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,054,112 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,673,427 |
| 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, Shank Family Foundation has awarded $276,667 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE JOHN AND MABLE RINGLING MUSEUM OF AR PURPOSE: ENDOWMENT FOR CURATOR OF PERFORMANCE | $166,667 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: TO SUPPORT EFFORTS HELP HELP REFUGEES FROM UKRAINE. | $20,000 |
PLANNED PARENTHOOD FEDERATION OF AM PURPOSE: TO SUPPORT REPRODUCTIVE HEALTHCARE AND EDUCATION EFFORTS. | $20,000 |
THE CHILDREN'S CHARITY OF THE DELWA PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $10,000 |
TWIN CITIES RISE PURPOSE: SUPPORT GENERAL OPERATIONS | $20,000 |
MARIE SELBY BOTANICAL GARDENS PURPOSE: TO SUPPORT THE MASTER PLAN FOR DOWNTOWN SARASOTA CAMPUS. | $10,000 |