Earl B & Sophia H Shaw Charitable Tr
- Assets
- $605.1k
- Revenue
- $125.5k
- Investments
- $549.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/1999
- Data as of
- 09/2023
- EIN
- 59-7107079
Organization Overview
Earl B & Sophia H Shaw Charitable Tr is located in Wilmington, DE. The organization was established in 1999. 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. Earl B & Sophia H Shaw Charitable Tr 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 09/2023, Earl B & Sophia H Shaw Charitable Tr generated $125.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $85.2k during the year ending 09/2023. While expenses have increased by 3.1% per year over the past 7 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 2015, Earl B & Sophia H Shaw Charitable Tr has awarded 31 individual grants totaling $421,415. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE-SUMTER STATE COLLEGE FOUNDATION, A 501(C)(3) ORGANIZATION, FUNDING FOR ACADEMIC SCHOLARSHIPS FOR LAKE-SUMTER STATE COLLEGE, A PUBLIC COMMUNITY COLLEGE
LAKE-SUMTER STATE COLLEGE FOUNDATION, A 501(C)(3) ORGANIZATION, FUNDING FOR ATHLETIC PROGRAM FOR LAKE-SUMTER STATE COLLEGE, A PUBLIC COMMUNITY COLLEGE
THE ARC SUNRISE OF CENTRAL FLORIDA, A 501(C)(3) ORGANIZATION, FUNDING FOR MEDICAL ASSISTANCE PROGRAMS
LHS PROJECT GRADUATION, A 501(C)(3) ORGANIZATION FOR SUPPORT FOR GRADUATION ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen L Bent Co-Trustee | 0 | $19,053 | |
Charles Schwab Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $208 |
| Dividends & Interest | $18,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,413 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,053 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,162 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $85,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,680 |
| 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 | $605,116 |
| 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, Earl B & Sophia H Shaw Charitable Tr has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF LAKE AND SUM PURPOSE: BLACK AND WHITE BALL | $15,000 |
LAKE SUMTER STATE COLLEGE FOUNDATIO PURPOSE: SCHOLARSHIPS BASED ON NEED | $20,000 |
LAKE SUMTER STATE COLLEGE FOUNDATIO PURPOSE: ATHLETIC SCHOLARSHIPS | $10,000 |
THE ARC SUNRISE OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIPS BASED ON NEED | $5,000 |