William M Shinnick Educational Fund
- Assets
- $7.7m
- Revenue
- $572.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Zanesville, OH
- Founding
- 02/1973
- Data as of
- 06/2022
- EIN
- 31-4394168
Organization Overview
William M Shinnick Educational Fund is located in Zanesville, OH. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William M Shinnick Educational Fund 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 06/2022, William M Shinnick Educational Fund generated $572.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $696.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, William M Shinnick Educational Fund has awarded 16 individual grants totaling $2,521,700. 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 |
|---|---|---|---|
Barbara Cornell Secretary | 0 | $24,000 | |
Douglas Waltman Trustee | 0 | $1,750 | |
Mark Watson Trustee | 0 | $1,750 | |
Jody Ballas Trustee | 0 | $1,750 | |
Paul Mcclelland Trustee | 0 | $1,750 | |
William D Joseph Trustee | 0 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,420 |
| Interest on Savings | $4,952 |
| Dividends & Interest | $146,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $290,270 |
| Capital Gain Net Income | $281,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36 |
| Total Revenue | $571,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,810 |
| Depreciation | $0 |
| Occupancy | $6,840 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82,964 |
| Total operating and administrative expenses | $152,204 |
| Contributions, gifts, grants paid | $544,100 |
| Total expenses and disbursements | $696,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,780 |
| Savings and temporary cash investments | $400,782 |
| Net Accounts receivable | $2,114,480 |
| 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 | $3,449 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,396,430 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,736,587 |
| Accounts payable and accrued expenses | $841 |
| Grants payable | $242,500 |
| 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 | $243,341 |
Grants Awarded
Over the last fiscal year, William M Shinnick Educational Fund has awarded $544,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PDF SCHEDULE ATTACHED PURPOSE: FOR COLLEGE EDUCATION | $313,000 |
SCHOLARSHIPS TO STUDENTS-SHINNICK PURPOSE: FOR COLLEGE EDUCATION | $172,600 |
SCHOLARSHPS-BELL PDF ATTACHED PURPOSE: FOR COLLEGE EDUCATION | $57,500 |
SCHOLARSHIPS-CONABEE - PDF ATTACHED PURPOSE: FOR COLLEGE EDUCATION | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William M Shinnick Educational Fund has recieved totaling $142,440.
| Awarding Organization | Amount |
|---|---|
William M Shinnick Tr Zanesville, OH PURPOSE: GENERAL | $142,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |