Mike Shannon Automotive Foundation Inc
- Assets
- $1.4m
- Revenue
- $178.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Fond Du Lac, WI
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 39-2018969
Organization Overview
Mike Shannon Automotive Foundation Inc is located in Fond Du Lac, WI. The organization was established in 2001. 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. Mike Shannon Automotive 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 12/2023, Mike Shannon Automotive Foundation Inc generated $178.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $229.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mike Shannon Automotive Foundation Inc has awarded 109 individual grants totaling $2,440,980. 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 |
|---|---|---|---|
Michael R Shannon President | 1 | $0 | |
Rita Shannon Director | 1 | $0 | |
Michael Shannon Jr Director | 1 | $0 | |
Nicole Murray Director | 1 | $0 | |
Katie Mathos Director | 1 | $0 | |
Stephanie Jaber Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $19,378 |
| Dividends & Interest | $7,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,654 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $178,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $15,631 |
| Contributions, gifts, grants paid | $214,300 |
| Total expenses and disbursements | $229,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,935 |
| Savings and temporary cash investments | $65,219 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,445,272 |
| 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, Mike Shannon Automotive Foundation Inc has awarded $214,300 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKE INDUSTRIES INC THE MIRACLE LEAGUE OF FOND DU LAC PURPOSE: SUPPORT FOR CHILDREN WITH DISABILITIES TO PARTICIPATE IN ORGANIZED BASEBALL. | $25,000 |
BOYS & GIRLS CLUB OF FOND DU LAC PURPOSE: SUPPORT FOR THE WELFARE OF CHILDREN IN AND AROUND THE FOND DU LAC AREA. | $9,000 |
FAITH LUTHERAN SCHOOL PURPOSE: EDUCATIONAL SUPPORT. | $1,000 |
HOLY FAMILY PARISH PURPOSE: CONSTRUCTION OF NEW WARMING SHELTER IN FOND DU LAC | $80,000 |
LUTHER PREPARATORY SCHOOL PURPOSE: EDUCATIONAL SUPPORT. | $1,000 |
SAINT PETER'S EVANGELICAL LUTHERAN CONGREGATION PURPOSE: RELIGIOUS SUPPORT. | $2,000 |