Sally Johnson Shy Foundation
- Assets
- $689.5k
- Revenue
- $23.6k
- Investments
- $676.2k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1943142
Organization Overview
Sally Johnson Shy Foundation is located in Memphis, TN. 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. Sally Johnson Shy 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, Sally Johnson Shy Foundation generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $107.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sally Johnson Shy Foundation has awarded 75 individual grants totaling $125,106. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Johnson Shy Director | 25 | $61,500 | |
David F Sellers Shy Director | 1 | $0 | |
Sarah Genevieve Chapman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $67 |
| Dividends & Interest | $16,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,947 |
| Capital Gain Net Income | $6,947 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $500 |
| Other expenses | $0 |
| Total operating and administrative expenses | $82,297 |
| Contributions, gifts, grants paid | $24,857 |
| Total expenses and disbursements | $107,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,308 |
| 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 | $689,514 |
| 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, Sally Johnson Shy Foundation has awarded $24,857 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
OLE MISS ATHLETIC FOUNDATION PURPOSE: SUPPORT OF STUDENT ATHLETES | $2,500 |
ST MARY'S EPISCOPAL SCHOOL PURPOSE: EDUCATION SUPPORT | $5,000 |
YOUNG LIFE PURPOSE: ADOLESCANT GROWTH | $500 |
PAN-MASS CHALLENGE PURPOSE: HEALTH SERVICES | $257 |
UNIVERSITY OF MISSISSIPPI FOUNDATION PURPOSE: RESEARCH FOR PUBLIC | $1,000 |
UNC EDUCATION FOUNDATION PURPOSE: EDUCATION SUPPORT | $500 |