Nonprofit · EIN 58-2309103
SHANNON FOUNDATION INC
Tax-exempt · CUMMING, GA 30040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $435,158 | $420,072 | $15,086 | $5,638,845 | $2,606 | $5,636,239 |
| December 31, 2023 | 990-PF | $364,384 | $449,049 | -$84,665 | $5,623,759 | $2,606 | $5,621,153 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,862
- Dividends
- $109,378
- Interest
- $43,735
- Net gain from sales of assets
- $273,182
- Other income
- $1
Expenses
- Grants and similar amounts paid
- $241,000
- Compensation of officers, directors and key employees
- $105,000
- Disbursements for charitable purposes
- $300,492
- Excise tax on investment income
- $5,494
Balance sheet and other
- Total assets, start of year
- $5,623,759
- Total assets, end of year
- $5,638,845
- Total liabilities, end of year
- $2,606
- Net assets, end of year
- $5,636,239
- Fair market value of assets
- $8,470,624
- Qualifying distributions
- $354,492
- Net investment income
- $426,296
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID D SHANNON C/O MARY BETH GRENNER CPA LLC 102 COLONY PARK DR 200, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| LIAM SHANNON 102 COLONY PARK DR 200, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| EAMON SHANNON 102 COLONY PARK DR 200, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| BRETTANY SHANNON 102 COLONY PARK DR 200, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| MARY J SHANNON C/O MARY BETH GRENNER CPA LLC 102 COLONY PARK DR 200, CUMMING, GA 30040 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID D SHANNON C/O MARY BETH GRENNER CPA LLC 104 COLONY PARK DR 100, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| LIAM SHANNON 104 COLONY PARK DR 100, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| EAMON SHANNON 104 COLONY PARK DR 100, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| BRETTANY SHANNON 104 COLONY PARK DR 100, CUMMING, GA 30040 | DIRECTOR | 0 | $26,250 |
| MARY J SHANNON C/O MARY BETH GRENNER CPA LLC 104 COLONY PARK DR 100, CUMMING, GA 30040 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 102 COLONY PARK DR, CUMMING, GA 30040-2791
- In care of
- % MARY BETH GR
- Signed the 990-PF
- BRETTANY SHANNON, DIRECTOR
- Phone
- (770) 886-0334
- Return prepared by
- MARY BETH GRENNER CPA LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 58-2309103
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $5,638,845
- Income (IRS master file)
- $2,015,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $435,158 | $420,072 | $5,638,845 | IRS |
| 990-PF | December 2023 | $364,384 | $449,049 | $5,623,759 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2309103).
Questions about SHANNON FOUNDATION INC
- What is the EIN of SHANNON FOUNDATION INC?
- The employer identification number (EIN) of SHANNON FOUNDATION INC is 58-2309103.
- Is SHANNON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to SHANNON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHANNON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHANNON FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHANNON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SHANNON FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $26,250 (DAVID D SHANNON C/O MARY BETH GRENNER CPA LLC, DIRECTOR).
- How much revenue does SHANNON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $435,158, expenses of $420,072 and total assets of $5,638,845 at year end.
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