Frances G Shoolroy Family Foundation
- Assets
- $2.5m
- Revenue
- $202.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 34-1910725
Organization Overview
Frances G Shoolroy Family Foundation is located in Akron, OH. The organization was established in 2000. 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. Frances G Shoolroy 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 12/2022, Frances G Shoolroy Family Foundation generated $202.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $136.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol M Briggs Trustee | 0.1 | $0 | |
Adam Briggs Trustee | 0.5 | $0 | |
Vikki G Briggs Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $366 |
| Dividends & Interest | $34,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $122,054 |
| Capital Gain Net Income | $121,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,882 |
| Total Revenue | $202,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,381 |
| Total operating and administrative expenses | $16,741 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $136,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,749 |
| 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 | $2,291,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,470,173 |
| 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 | $170 |
| Total liabilities | $170 |
Grants Awarded
Over the last fiscal year, Frances G Shoolroy Family Foundation has awarded $1,761,673 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $122,000 |
AKRON COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $61,000 |
FUND FOR OUR ECONOMIC FUTURE NE OH PURPOSE: GENERAL SUPPORT | $33,000 |
ROBERT BRIGGS & ALYSSA LENHOFF-BRIGGS FAMILY FUND PURPOSE: TRANSFER OF ASSETS(SEE EXPLANATION,PART VI-A, LINE 5) | $1,545,673 |