Shearman Foundation
- Assets
- $3.8m
- Revenue
- $229.3k
- Investments
- $3.7m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 07/1982
- Data as of
- 03/2024
- EIN
- 72-0920599
Organization Overview
Shearman Foundation is located in Lake Charles, LA. The organization was established in 1982. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shearman 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 03/2024, Shearman Foundation generated $229.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $604.8k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Shearman Foundation has awarded 162 individual grants totaling $1,719,300. 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 |
|---|---|---|---|
Thomas B Shearman III Trustee | 1 | $0 | |
Susan Cook Trustee | 1 | $0 | |
Thad Cook Trustee | 1 | $0 | |
Thaddeus Stakely Cook Trustee | 1 | $0 | |
Isabella Shearman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,769 |
| Capital Gain Net Income | $72,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $98,068 |
| Contributions, gifts, grants paid | $506,715 |
| Total expenses and disbursements | $604,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,572 |
| Savings and temporary cash investments | $74,442 |
| Net Accounts receivable | $1,500 |
| 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 | $846,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,720 |
| Total assets | $3,792,058 |
| 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, Shearman Foundation has awarded $506,715 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ANACOCO HIGH SCHOOL PURPOSE: DONATION | $4,505 |
AR MITCHELL MUSEUM PURPOSE: DONATION | $15,000 |
AUTISM SERVICES OF SOUTHWEST LOUISIANA PURPOSE: DONATION | $15,000 |
BANNERS AT MCNEESE PURPOSE: DONATION | $5,000 |
BIG RED TIGER BACKERS PURPOSE: DONATION | $1,500 |
CALCASIEU PARISH SCHOOL BOARD PURPOSE: DONATION | $1,500 |