Shipka Corporation
- Assets
- $55.5k
- Revenue
- $2.1k
- Investments
- $44.2k
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 62-1708935
Organization Overview
Shipka Corporation is located in Little Rock, AR. The organization was established in 2001. 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. Shipka Corporation 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, Shipka Corporation generated $2.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $7.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO VONETA STOGKOVA FOR REPAIRS FOR STORM DAMAGE.
DONATION TO TEADORA DAPVA FOR FAMILY.
DONATION TO KALINKA DINEVA A CHRISTIAN LEADER (INCLUDES 55 WIRE FEE)
DONATION TO VELK VELKOV TO DISTRBUTE CHRISTIAN BOOKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack S Stearns Jr President | 2 | $0 | |
Petya R Stearns Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $2,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $391 |
| Total operating and administrative expenses | $765 |
| Contributions, gifts, grants paid | $6,280 |
| Total expenses and disbursements | $7,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,742 |
| Savings and temporary cash investments | $2,540 |
| 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 | $55,477 |
| 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, Shipka Corporation has awarded $6,280 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KALINKA DINEVA PURPOSE: SUPPORT FOR CHRISTIAN LEADER | $1,350 |
VELHO VELHOV PURPOSE: DISTRIBUTION OF CHRISTIAN BOOKS | $1,340 |
VONETA STOYKOVA PURPOSE: STORM DAMAGE | $1,850 |
TEADORA DAPVA PURPOSE: STRUGGLING FAMILY | $1,740 |