Overview
What is The Shipp Foundation?
The Shipp Foundation is a philanthropic organization, headquartered in Draper, Utah, specifically at 14034 SOUTH 145 EAST STE 204. Its primary mission is to support 501(a)(1) or (2) nonprofit organizations, as outlined in the Internal Revenue Code. The foundation's primary function is to manage, invest, and distribute its assets mainly for the benefit of these charitable organizations. It adheres to its purpose strictly, not engaging in activities that do not align with Section 509(a)(3)(a) of the Internal Revenue Code.
Is The Shipp Foundation legitimate?
The Shipp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Shipp Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Shipp Foundation?
The Shipp Foundation operates primarily to manage, invest, and distribute its assets for the benefit of specified charitable organizations, as per the guidelines set by Section 509(A)(1) or (2) of the Internal Revenue Code. The foundation's purpose is to further the objectives of these charitable organizations, avoiding any activities that do not align with these objectives. In essence, the Shipp Foundation serves as a financial backbone, supporting and strengthening the missions of these charitable organizations.
Who is the CEO of The Shipp Foundation?
Milton P Shipp is the Trustee of The Shipp Foundation.
What is the revenue of The Shipp Foundation?
The Shipp Foundation's revenue in 2021 was $0.
Who are the executives of The Shipp Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Shipp Foundation?
The Shipp Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Shipp Foundation
The Shipp Foundation is a philanthropic organization with a specific purpose. Its mission is centered around supporting one or more charitable organizations, as outlined in Section 509(A)(1) or (2) of the Internal Revenue Code. The foundation operates with the primary aim of managing, investing, and distributing its assets to benefit these charitable organizations. In essence, The Shipp Foundation exists to further the objectives and functions of these specified nonprofits, avoiding activities that deviate from these purposes.
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Impact
October, 2024
The Shipp Foundation effectively manages and distributes assets to support various charitable organizations, with a focus on those classified under sections 509(A)(1) and (2) of the Internal Revenue Code. This targeted approach allows for the strategic investment of resources, ensuring that contributions directly benefit the designated organizations and their missions. By operating exclusively in alignment with these purposes, the Foundation enhances the capacity of recipient organizations to address specific community needs, fostering a ripple effect of positive impact.
Located in Draper, Utah, The Shipp Foundation plays a crucial role in philanthropy by facilitating financial support that enables charitable initiatives to thrive. Its commitment to judicious asset management translates to sustained support for nonprofit efforts, which can include a range of services from education and healthcare to community development. The emphasis on compliance and purpose-driven activities underscores a dedication to efficacy in philanthropy, ultimately making a meaningful difference in the lives of individuals and communities served by its partner organizations.
This information is meant to be a general summary of The Shipp Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2004
Phone
(801) 495-3414Principal Officer
Milton P Shipp
Main Address
14034 SOUTH 145 EAST STE 204, DRAPER, UT, 84020
NTEE Category
Code: T90 - Philanthropy
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