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Nonprofit · EIN 98-0368454

SHELL FOUNDATION

Tax-exempt · BETHESDA, MD 20816

Financials

$28.2M$25.4M2023$45.3M$22.7M2024
Revenue Expenses · by fiscal year end
Financials of SHELL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$45,331,982$22,671,900$22,660,082$697,105,639$24,951,856$672,153,783
December 31, 2023990$28,162,316$25,388,079$2,774,237$665,369,498$21,233,692$644,135,806
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$26,147,360
of which government grants
$10,885,136
Program service revenue
$0
Investment income
$19,184,622
Net gain from sales of assets
$8,591,430
Other revenue
$0

Expenses

Grants and similar amounts paid
$8,432,253
Compensation of officers, directors and key employees
$6,272,172
Salaries, compensation and benefits (total)
$6,272,172
Professional fundraising fees
$0
Legal fees
$300,515
Accounting fees
$212,644
Occupancy
$706,720
Travel
$831,226
Program services (functional)
$13,479,504
Management and general (functional)
$9,192,396

Balance sheet and other

Total assets, start of year
$665,369,498
Total assets, end of year
$697,105,639
Total liabilities, end of year
$24,951,856
Net assets, end of year
$672,153,783
Publicly traded securities
$607,454,832
Net assets without donor restrictions
$640,125,943
Net assets with donor restrictions
$32,027,840
Gross receipts
$127,212,997
Employees
1
Volunteers
8
Year formed
2000

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MR JONATHAN BERMANCHIEF EXECUTIVE OFFICER
Officer
40$448,387
MR RICHARD GOMESCHIEF PROGRAMME OFFICER
Officer
40$291,371
MS RACHEL SINGH DAVIESCFO AND COMPANY SECRETARY
Officer
40$278,988
MS MEERA SHAHPORTFOLIO LEAD FARMERS
Highest-paid employee
40$248,553
MR NICHOLAS JONESMARKET DEVELOPMENT MANAGER
Highest-paid employee
40$212,634
MS EMMA STEPHENSONPORTFOLIO LEAD TRANSPORTERS
Highest-paid employee
40$206,870
MR WILLIAM SUMNERFINANCE MANAGER
Highest-paid employee
40$201,288
Ms Tanya KothariPortfolio Lead Micro-entrepreneurs
Highest-paid employee
40$188,496
MS GAIL KLINTWORTHTRUSTEE - CHAIR
Trustee or director
1$31,865
MR GRZEGORZ LUKASZ GUTTRUSTEE
Trustee or director
1$0
MR HUIBERT HANS VIGEVENOTRUSTEE
Trustee or director
1$0
Mr Jack NgareTrustee
Trustee or director
1$0
Mr Parminder KohliTrustee
Trustee or director
1$0
Mr Paul SimpsonTrustee
Trustee or director
1$0
MS ALICE CHAPPLETRUSTEE (END DECEMBER 2024)
Trustee or director
1$0
4 more people on this return
NameTitleHours / weekCompensation
MS OLUFUNKE OLAYEMI OPEKETRUSTEE
Trustee or director
1$0
MS SINEAD CAITLIN LYNCHTRUSTEE
Trustee or director
1$0
MS VINITA BALITRUSTEE
Trustee or director
1$0
Mr Nicholas VogesChief Financial and Operating Officer
Officer
40$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
MR JONATHAN BERMANCHIEF EXECUTIVE OFFICER
Officer
40$455,663
MR RICHARD GOMESCHIEF PROGRAMME OFFICER
Officer
40$281,960
MS RACHEL SINGH DAVIESCFO AND COMPANY SECRETARY
Officer
40$231,562
MS MEERA SHAHPORTFOLIO LEAD FARMERS
Highest-paid employee
40$227,895
MR WILLIAM SUMNERFINANCE MANAGER
Highest-paid employee
40$194,438
MR NICHOLAS JONESMARKET DEVELOPMENT MANAGER
Highest-paid employee
40$181,443
MS EMMA STEPHENSONPORTFOLIO LEAD TRANSPORTERS
Highest-paid employee
40$171,489
MR ASHISH KUMARPORTFOLIO INNOVATION MANAGER
Former
40$169,012
MS HEIDI HAFESDE&I LEAD
Highest-paid employee
40$164,982
MS GAIL KLINTWORTHTRUSTEE - CHAIR
Trustee or director
1$31,043
MS VINITA BALITRUSTEE
Trustee or director
1$0
MS ALICE GEORGINA CHAPPLETRUSTEE
Trustee or director
1$0
MR GRZEGORZ LUKASZ GUTTRUSTEE
Trustee or director
1$0
MS SINEAD CAITLIN LYNCHTRUSTEE
Trustee or director
1$0
MR JACK MUGO NGARETRUSTEE
Trustee or director
1$0
MS OLUFUNKE OLAYEMI OPEKETRUSTEE
Trustee or director
1$0
MR HUIBERT HANS VIGEVENOTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5113 DUVALL DR, BETHESDA, MD 20816-1877
In care of
% RACHEL SINGH DAVIES
Principal officer (990 for 2024)
NICHOLAS VOGES, THE EMBASSY TEA HOUSE 195-205 UNIO, LONDON, LONDON 9344262, UK
Signed the 990
NICHOLAS VOGES, CHIEF FINANCIAL & OPERATING OFFICER
Phone
(207) 934-4262
Return prepared by
KPMG LLP

Mission

SHELL FOUNDATION IS A UK REGISTERED CHARITY THAT ENABLES MILLIONS OF UNDERSERVED PEOPLE TO EARN A LIVING INCOME WITH CLEAN ENERGY ACCESS IN AFRICA AND ASIA. IT FOCUSES ON THREE CORE CUSTOMER GROUPS: SMALLHOLDER FARMERS, URBAN TRANSPORTERS AND MICROENTREPRENEURS. THESE THREE SEGMENTS REPRESENTS THE LARGEST NUMBER OF PEOPLE WHOSE INCOME CAN BE MATERIALLY INCREASED THROUGH CLEAN ENERGY.

990 for the year ended December 31, 2024

Program accomplishments

  • SMALLHOLDER FARMERS: THOSE MOVING FROM SUBSISTENCE TO COMMERCIAL FARMING ON LESS THAN FIVE ACRES OF LAND;WHO CAN ACHEIVE A LIVING INCOME WHEN THEY CAN PRODUCE CROPS EFFICIENTLY AND GET THAT PRODUCE TO MARKET IN GOOD CONDITION.
    Expenses $6,084,374 · grants $4,518,790
  • MICROENTREPRENEURS: URBAN, PERI-URBAN AND RURAL MICRO-ENTERPRISE OWNERS ENGAGED IN THE SMALLSCALE PROVISION OF GOODS AND SERVICES FOR WHOM RELIABLE AND APPROPRIATE POWER CAN CONTRIBUTE TO LONGER OPENING HOURS, LOWER COSTS, WITH NET INCOME INCREASE.
    Expenses $4,489,020 · grants $2,958,333
  • URBAN TRANSPORTERS: MOVERS OF PEOPLE AND GOODS WHOSE INCOME CAN INCREASE BY AS MUCH AS 35% BY SHIFTING TO ELECTRIC VEHICLES FROM PETROL OR DIESEL VEHICLES.
    Expenses $2,906,110 · grants $955,130

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
98-0368454
Tax-exempt status
501(c)(4): Social welfare organization
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$697,105,639
Income (IRS master file)
$127,212,997

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$45,331,982$22,671,900$697,105,639XML
990December 2023$28,162,316$25,388,079$665,369,498XML
990December 2022$40,738,868$29,685,496$620,710,958IRS
990December 2021–––IRS
990December 2020–––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 98-0368454).

Questions about SHELL FOUNDATION

What is the EIN of SHELL FOUNDATION?
The employer identification number (EIN) of SHELL FOUNDATION is 98-0368454.
Is SHELL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2004.
Which annual return does SHELL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SHELL FOUNDATION 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 SHELL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SHELL FOUNDATION?
The 990 for the year ended December 31, 2024 names NICHOLAS VOGES.
Who are the officers and directors of SHELL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 19 people; 9 received compensation from the organization, the highest $448,387 (MR JONATHAN BERMAN, CHIEF EXECUTIVE OFFICER).
How much revenue does SHELL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $45,331,982, expenses of $22,671,900 and total assets of $697,105,639 at year end.

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