Shg Foundation
- Assets
- $708.3k
- Revenue
- $766.2k
- Investments
- $549.7k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 94-3328451
Organization Overview
Shg Foundation is located in San Francisco, CA. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shg 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, Shg Foundation generated $766.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $739.8k during the year ending 12/2022. While expenses have increased by 36.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shg Foundation has awarded 53 individual grants totaling $846,210. 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
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PUPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER IRC SEC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madhavan Rangaswami President | 5 | $0 | |
Navaz Porbandarwala Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bruce Fram | 12/30/22 | $0 |
Bruce Fram | 12/30/22 | $160,000 |
Encore Productions | 12/30/22 | $0 |
Encore Productions | 12/30/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $150 |
| Dividends & Interest | $13,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,938 |
| Capital Gain Net Income | $38,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $713,954 |
| Total Revenue | $766,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $546,634 |
| Total operating and administrative expenses | $552,851 |
| Contributions, gifts, grants paid | $186,960 |
| Total expenses and disbursements | $739,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,614 |
| 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 | $34,000 |
| Total assets | $708,270 |
| 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, Shg Foundation has awarded $186,960 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AKSHAYA PATRAHOME OF HOPE PURPOSE: PROVIDE SCHOOL LUNCHES TO CHILDREN IN LOW INCOME COMMUNITIES | $10,000 |
2041 FOUNDATION PURPOSE: ENVIORMENTAL EDUCATION | $20,000 |
ENACTE ARTS PURPOSE: THEATER EDUCTION | $10,000 |
OLYMPIC GOLD QUEST PURPOSE: FOR CHARITABLE PURPOSES | $10,000 |
ROBERT KATENDE FUND PURPOSE: FOR CHARITABLE PURPOSES | $50,000 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: FOR CHARITABLE PURPOSES | $33,960 |