Dr Edward B Shils Entrepreneurial Fund Inc
- Assets
- $364.4k
- Revenue
- -$72.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 45-2496259
Organization Overview
Dr Edward B Shils Entrepreneurial Fund Inc is located in Melville, NY. The organization was established in 2012. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Edward B Shils Entrepreneurial Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Dr Edward B Shils Entrepreneurial Fund Inc has awarded 11 individual grants totaling $118,200. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENABLE NEW GENERATION OF ENTRERENEURS AND RECOGNIZE THOSE INDIVIDUALS, ORGANIZATIONSAND PROGRAMS THAT INFUENCED DENTAL, MEDICAL, AND PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven W Kess President | OfficerTrustee | 5 | $0 |
Dr Allen Finkelstein Vice President | OfficerTrustee | 5 | $0 |
Keith Drayer Treasurer | OfficerTrustee | 5 | $0 |
Anthony G Montemurro Director | Trustee | 5 | $0 |
Henry L Berman Director | Trustee | 5 | $0 |
Dr Lois K Cohen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,186 |
| Total Program Service Revenue | $0 |
| Investment income | $3,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$151,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$71,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,949 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,509 |
| Savings and temporary cash investments | $325,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $364,427 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $354,427 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $364,427 |
Grants Awarded
Over the last fiscal year, Dr Edward B Shils Entrepreneurial Fund Inc has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, DE PURPOSE: 2020 FOUNDING SPONSORSHIP | $10,000 |
Melville, NY PURPOSE: STUDENT AWARDS PROGRAM | $10,000 |
Melville, NY PURPOSE: MASK CAMPAIGN 2020 | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dr Edward B Shils Entrepreneurial Fund Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Benco Family Foundation Pittston, PA PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advisors Charitable Gift Fund Inc Woburn, MA | $25,560,118 | $6,290,034 |
The Afsm Foundation New Haven, CT | $1,606,071 | $1,000,000 |
Elcam Inc St Marys, PA | $19,431,330 | $4,390,197 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Montgomery County Foundation Inc Blue Bell, PA | $6,846,904 | $2,066,247 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
Harpswell Foundation Concord, MA | $9,704,680 | $1,497,581 |
The Love Pray Peace Project Veterans Residence Drexel Hill, PA | $69,517 | $509,585 |
Milford Community Media Center Inc Milford, MA | $557,673 | $474,965 |
Np Minneapolis Industrial Llc Boston, MA | $18,987,088 | $1,225,241 |
Good Street Inc Teaneck, NJ | $382,189 | $530,702 |