Shaheen Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $403.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 35-2156636
Organization Overview
Shaheen Family Foundation Inc is located in Carmel, IN. The organization was established in 2003. 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. Shaheen Family Foundation Inc 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 12/2021, Shaheen Family Foundation Inc generated $403.5k in total revenue. All expenses for the organization totaled $380.2k during the year ending 12/2021. While expenses have increased by 91.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shaheen Family Foundation Inc has awarded 30 individual grants totaling $842,815. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne H Shaheen Trustee | 2 | $0 | |
Gregory Shaheen Trustee | 2 | $0 | |
Diana Shaheen Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,502 |
| Interest on Savings | $3 |
| Dividends & Interest | $77,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $237,451 |
| Capital Gain Net Income | $237,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $403,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102 |
| Total operating and administrative expenses | $32,080 |
| Contributions, gifts, grants paid | $348,161 |
| Total expenses and disbursements | $380,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,413 |
| 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 | $1,661,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,455,076 |
| 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, Shaheen Family Foundation Inc has awarded $348,161 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $305,289 |
Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $11,835 |
INDIANA SYMPHONY ORCHESTRA ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $7,350 |
GLEANERS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |