Shawnigan Lake School Foundation
- Assets
- $90.2m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 11/2000
- Data as of
- 06/2022
- EIN
- 98-0224048
Organization Overview
Shawnigan Lake School Foundation is located in null. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shawnigan Lake School 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 06/2022, Shawnigan Lake School Foundation generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF EDUCATION THROUGH GRANTS TO EDUCATIONAL ORGANIZATIONS RECOGNIZED UNDER SEC 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO EDUCATIONAL ORGANIZATIONS RECOGNIZED UNDER SEC. 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Colbourne Chair | Officer | 0 | $0 |
Robert Murdoch Secretary/treasurer | Officer | 0 | $0 |
Jacqueline Flett Vice Chair | Officer | 0 | $0 |
Hamish Angus Director | Trustee | 0 | $0 |
Mike Waites Director | Trustee | 0 | $0 |
Brian Mitchell Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,368,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,368,765 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,322,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,529,860 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,575,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,121,554 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,191,046 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,804,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,473,341 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,886,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,838,977 |
| Total assets | $90,167,766 |
| Accounts payable and accrued expenses | $594,475 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,065,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,067,628 |
| Total liabilities | $40,727,988 |
| Net assets without donor restrictions | $26,036,010 |
| Net assets with donor restrictions | $23,403,768 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $90,167,766 |
Endowment Analysis
| Beg. Balance | $6,325,705 |
| Earnings | $28,636 |
| Net Contributions | $1,006,205 |
| Ending Balance | $7,360,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shawnigan Lake School Foundation | $90,167,766 | $9,575,715 |
Bishops College School Foundation | $27,938,143 | $1,511,187 |
U S Foundation For Queens University At Kingston | $41,282 | $2,396,206 |
University Of Western Ontario Foundation Inc | $37,749 | $319,119 |
Upper Canada Educational Foundation | $7,406 | $119,590 |
American Friends Of Singapore Management University Inc | $152,481 | $0 |
Friends Of Brock University Inc | $5,007 | $5,007 |
University Of Prince Edward Island Foundation Us Inc | $10,000 | $0 |
Us Friends Of Lower Canada College Inc | $0 | $0 |