David P Sheetz Foundation
- Assets
- $14.7m
- Revenue
- $723.9k
- Investments
- $14.6m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 26-4068454
Organization Overview
David P Sheetz Foundation is located in Indianapolis, IN. The organization was established in 2010. 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. David P Sheetz 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, David P Sheetz Foundation generated $723.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David P Sheetz Foundation has awarded 73 individual grants totaling $2,257,500. 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 |
|---|---|---|---|
Martha J Keep President | 5 | $13,000 | |
Matthew J Sheetz Treasurer | 5 | $13,000 | |
John C Keep Vice President | 5 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $268,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $455,675 |
| Capital Gain Net Income | $455,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $723,861 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83,701 |
| Contributions, gifts, grants paid | $925,000 |
| Total expenses and disbursements | $1,008,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,913 |
| 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 | $14,564,300 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,732,011 |
| 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, David P Sheetz Foundation has awarded $925,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE OF GREATER INDIANAPOLIS PURPOSE: GENERAL | $25,000 |
FREE WHELLIN COMMUNITY BIKES PURPOSE: GENERAL | $20,000 |
AC PAW PURPOSE: GENERAL | $5,000 |
AFRICAN AMERICAN LEGACY FOUNDATION INDY PURPOSE: GENERAL | $5,000 |
JOY'S HOUSE INDIANAPOLIS PURPOSE: GENERAL | $25,000 |
HARRISON CENTER PURPOSE: GENERAL | $10,000 |