Shum Charitable Fund
- Assets
- $69.2k
- Revenue
- $4.6k
- Investments
- $62.1k
- Employees
- 0
- Location
- Camarillo, CA
- Founding
- 01/1997
- Data as of
- 04/2024
- EIN
- 77-0444638
Organization Overview
Shum Charitable Fund is located in Camarillo, CA. The organization was established in 1997. 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. Shum Charitable Fund 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 04/2024, Shum Charitable Fund generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $11.7k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 9 years. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS TO HELP WITH THE ORGANIZATION'S MAIN MISSION OF CARING FOR DISADVANTAGED YOUTH THROUGH EDUCATION, JOB TRAINING AND CONSTRUCTIVE RECREATIONAL ACTIVITIES IN ORDER TO BECOME SELF-SUFFICIENT CONTRIBUTING MEMBERS OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Shum President | 6 | $5,000 | |
Martin Shum Financial Direc | 4 | $0 | |
Natasha Shum Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43 |
| Dividends & Interest | $2,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,970 |
| Capital Gain Net Income | $1,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $193 |
| Depreciation | $352 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $667 |
| Total operating and administrative expenses | $8,280 |
| Contributions, gifts, grants paid | $3,469 |
| Total expenses and disbursements | $11,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,560 |
| 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 | $1,828 |
| Net Land, buildings, and equipment | $528 |
| Other assets | $0 |
| Total assets | $69,157 |
| 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, Shum Charitable Fund has awarded $3,469 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RESCUE MISSION ALLIANCE VENTURA COUNTY PURPOSE: FOOD, SHELTHER, AND CLOTHING FOR THE NEEDY | $130 |
OAK PARK HS BASKETBALL PURPOSE: PROMOTE BASKETBALL AT A HIGH SCHOOL | $21 |
PADRE SERRA PARISH PURPOSE: FINANCIAL ASSISTANCE TO THE NEEDY | $273 |
CONEJO FREE CLINIC PURPOSE: HEALTHCARE SERVICES FOR THE NEEDY | $2,045 |
GOLD COAST VETERANS FOUNDATION PURPOSE: HELP ACTIVITIES THAT PROMOTE WELLNESS FOR VETERANS | $1,000 |