The@hamer D And Phyllis C Shafer Foundation Charitable Trust
- Assets
- $8.7m
- Revenue
- $242.0k
- Investments
- $8.6m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 35-1997098
Organization Overview
The@hamer D And Phyllis C Shafer Foundation Charitable Trust is located in Muncie, IN. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. The@hamer D And Phyllis C Shafer Foundation Charitable Trust 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, The@hamer D And Phyllis C Shafer Foundation Charitable Trust generated $242.0k 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 (7.2%) each year. All expenses for the organization totaled $457.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@hamer D And Phyllis C Shafer Foundation Charitable Trust has awarded 150 individual grants totaling $3,545,800. 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 |
|---|---|---|---|
Terry L Walker Trustee, Chairman And Pres | 1.5 | $0 | |
Christopher D Fancher Trustee, Secretary | 0.5 | $0 | |
Kenneth R Briner Trustee, Treasurer | 0.5 | $0 | |
Ray L Chambers Trustee, Second Vice President | 0.5 | $0 | |
Jon H Moll Trustee, Vice President | 0.5 | $0 | |
Andrew Dawson Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,963 |
| Capital Gain Net Income | $12,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $242,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,671 |
| Printing and publications | $0 |
| Other expenses | $28,523 |
| Total operating and administrative expenses | $47,359 |
| Contributions, gifts, grants paid | $410,200 |
| Total expenses and disbursements | $457,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,603 |
| Savings and temporary cash investments | $111,833 |
| 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 | $2,549,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,041 |
| Total assets | $8,737,482 |
| 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, The@hamer D And Phyllis C Shafer Foundation Charitable Trust has awarded $410,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AWAKEN INC PURPOSE: TRANSLATOR FUNDING | $10,000 |
AMERICAN RED CROSS - INDIANA REGION PURPOSE: HOME FIRE CAMPAIGN | $10,000 |
BALL STATE UNIVERSITY FOUNDATION PURPOSE: FACILITIES PILLAR | $50,500 |
COMMUNITY FOUNDATION OF MUNCIE & DELAWARE COUNTY INC PURPOSE: FUNDERS' FORUM COLLABORATIVE | $5,000 |
BOYS & GIRLS CLUBS OF MUNCIE PURPOSE: PART TIME SOCIAL EMOTIONAL COUNSELOR | $10,000 |
CORNERSTONE CENTER FOR THE ARTS PURPOSE: PROGRAM SUPPORT | $25,000 |