Shrewsbury Foundation
- Assets
- $2.2m
- Revenue
- $17.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Rumson, NJ
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 30-0105266
Organization Overview
Shrewsbury Foundation is located in Rumson, NJ. The organization was established in 2002. 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. Shrewsbury 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, Shrewsbury Foundation generated $17.6k 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 (21.1%) each year. All expenses for the organization totaled $75.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shrewsbury Foundation has awarded 137 individual grants totaling $634,100. 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 |
|---|---|---|---|
Linda B Mckean President | 1 | $0 | |
Quincy As Mckean III Secretary/treasurer | 0.25 | $0 | |
Cressida S Mckean Vice-President | 0.25 | $0 | |
John B Mckean Vice-President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,322 |
| Dividends & Interest | $20,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,354 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,864 |
| Total operating and administrative expenses | $50,364 |
| Contributions, gifts, grants paid | $25,450 |
| Total expenses and disbursements | $75,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $229,184 |
| 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 | $391,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $470 |
| Total assets | $2,216,288 |
| 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, Shrewsbury Foundation has awarded $25,450 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CANCERCRUSHER FOUNDATION PURPOSE: FOR OPERATIONS | $2,000 |
DREAM PROJECT PURPOSE: FOR OPERATIONS | $3,000 |
FIRST BAPTIST CHURCH OF RED BANK PURPOSE: FOR OPERATIONS | $1,250 |
FRIENDS OF GREEN CHIMNEYS PURPOSE: FOR OPERATIONS | $8,000 |
KRISTEN ANN CARR FUND PURPOSE: FOR OPERATIONS | $250 |
MEMORIAL SLOAN-KETTERING CANCER CENTER PURPOSE: FOR OPERATIONS | $1,200 |