The Leo M Shortino Foundation
- Assets
- $65.6m
- Revenue
- $2.2m
- Investments
- $60.9m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 68-0237238
Organization Overview
The Leo M Shortino Foundation is located in San Jose, CA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Leo M Shortino Foundation 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 12/2021, Leo M Shortino Foundation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leo M Shortino Foundation has awarded 647 individual grants totaling $20,675,928. 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 |
|---|---|---|---|
Mara Williams Low Executive Director | 40 | $90,507 | |
Anne Ehresman Executive Director (former) | 40 | $56,000 | |
David Heiman Treasurer | 2 | $5,000 | |
Linda Murray Secretary | 2 | $5,000 | |
Gerald T Wade Jr Board Member | 2 | $5,000 | |
Christine Burroughs Board Member | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,946 |
| Net Rental Income | $520,091 |
| Net Gain on Sale of Assets | $426,552 |
| Capital Gain Net Income | $3,291,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,066 |
| Total Revenue | $2,185,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,507 |
| Other employee salaries and wages | $68,383 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,152 |
| Depreciation | $1,182 |
| Occupancy | $9,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $501,553 |
| Total operating and administrative expenses | $1,147,574 |
| Contributions, gifts, grants paid | $1,983,500 |
| Total expenses and disbursements | $3,131,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,953 |
| Savings and temporary cash investments | $1,422,344 |
| 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 | $55,859,725 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,767,723 |
| Total assets | $65,577,161 |
| Accounts payable and accrued expenses | $138,096 |
| Grants payable | $467,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $375,000 |
| Total liabilities | $980,596 |
Grants Awarded
Over the last fiscal year, The Leo M Shortino Foundation has awarded $2,784,500 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: SUMMER EXTENDED LEARNING PROGRAM | $105,000 |
YMCA OF SILICON VALLEY PURPOSE: SUMMER EXTENDED LEARNING PROGRAM | $100,000 |
Milpitas, CA PURPOSE: GENERAL OPERATING SUPPORT | $82,500 |
Milpitas, CA PURPOSE: GENERAL OPERATING SUPPORT | $82,500 |
San Jose, CA PURPOSE: SCHOLARSHIP PROGRAM | $80,000 |
CITY YEAR SAN JOSE SILICON VALLEY PURPOSE: CITY YEAR WORKS WITH PUBLIC SCHOOLS TO HELP STUDENTS SUCCEED THROUGH ITS WHOLE SCHOOL WHOLE CHILD PROGRAM, CONSISTING OF TUTORING/MENTORING, AFTERSCHOOL STEAM ENRICHMENT AND SCHOOL-WIDE ENGAGEMENTS. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |