Max A Shacknai Foundation
- Assets
- $976.7k
- Revenue
- $47.5k
- Investments
- $965.3k
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 86-0887816
Organization Overview
Max A Shacknai Foundation is located in Santa Barbara, CA. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Max A Shacknai 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 12/2022, Max A Shacknai Foundation generated $47.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $107.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Max A Shacknai Foundation has awarded 47 individual grants totaling $1,935,750. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAX A. SHACKNAI FOUNDATION MAKES NO PROGRAM RELATED INVESTMENTS. NO DIRECT CHARITABLE ACTIVITIES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES INCURRED IN
CONNECTION WITH OUR TAX EXEMPT PURPOSE WERE ALLOCATED TO GRANT MAKING ACTIVITIES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCABLE
TO THE INVESTMENT ACTIVITIES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonah Shacknai Pres. & Director | 2 | $0 | |
Lily B Phillips Secretary- Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,818 |
| Capital Gain Net Income | $12,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,938 |
| Total operating and administrative expenses | $10,243 |
| Contributions, gifts, grants paid | $97,500 |
| Total expenses and disbursements | $107,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,381 |
| Savings and temporary cash investments | $0 |
| 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 | $965,343 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $976,724 |
| 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, Max A Shacknai Foundation has awarded $97,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPAIGN FOR TOBACCO FREE KIDS PURPOSE: GENERAL FUND | $50,000 |
WOMEN'S DERMATOLOGIC SOCIETY PURPOSE: GENERAL FUND | $5,000 |
PHOENIX RISING YOUTH SOCCER PURPOSE: GENERAL FUND | $20,000 |
PLANNED PARENTHOOD CALIFORNIA CENTRAL COAST PURPOSE: GENERAL FUND | $2,500 |
COLGATE UNIVERSITY PURPOSE: GENERAL FUND | $20,000 |