Wm C & Mariee S Shank Charitable Trust
- Assets
- $2.0m
- Revenue
- $64.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1962
- Data as of
- 12/2023
- EIN
- 44-6009100
Organization Overview
Wm C & Mariee S Shank Charitable Trust is located in Dallas, TX. The organization was established in 1962. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Wm C & Mariee S Shank 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 12/2023, Wm C & Mariee S Shank Charitable Trust generated $64.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $109.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wm C & Mariee S Shank Charitable Trust has awarded 80 individual grants totaling $854,058. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $24,099 | |
William L Atwood Co Boa Co-Trustee | 1 | $5,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,943 |
| Capital Gain Net Income | $4,943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,657 |
| Total Revenue | $63,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,425 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,136 |
| Total operating and administrative expenses | $31,733 |
| Contributions, gifts, grants paid | $77,766 |
| Total expenses and disbursements | $109,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,681 |
| 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 | $2,014,070 |
| 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, Wm C & Mariee S Shank Charitable Trust has awarded $77,766 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $7,776 |
THE SALVATION ARMY PURPOSE: UNRESTRICTED GENERAL | $3,890 |
EPISCOPAL DIOCESE OF WEST MO PURPOSE: UNRESTRICTED GENERAL | $3,890 |
CORNELL UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $7,776 |
CHRIST CHURCH EPISCOPAL PURPOSE: UNRESTRICTED GENERAL | $3,890 |
ST LUKES HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $19,437 |