Totals
- Total revenue
- $40,738,868
- Total expenses
- $29,685,496
- Contributions and grants received
- $22,674,878
- Grants paid
- $13,211,336
- Program service revenue
- $0
- Investment income
- $18,063,990
- Other revenue
- $0
- Total assets, end of year
- $620,710,958
- Total liabilities, end of year
- $22,572,078
- Net assets or fund balances, end of year
- $598,138,880
- Program services expenses (Part IX)
- $13,211,336
- Management and general expenses
- $16,474,160
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,685,495
Program services were 44.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$8,889,269
-
1e · Government grants (contributions)
$12,428,940
-
1f · All other contributions, gifts and grants
$1,356,669
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $9,427,344 · related or exempt $0 · unrelated business $0 · excluded $9,427,344
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $69,904,000 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $61,267,354 · other assets $0
-
7c · Gain or loss
securities $8,636,646 · other assets $0
-
7d · Net gain or loss
total $8,636,646 · related or exempt $0 · unrelated business $0 · excluded $8,636,646
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,359,285 · program services $2,359,285
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $10,852,051 · program services $10,852,051
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $5,230,198 · program services $0 · management and general $5,230,198 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $881,845 · program services $0 · management and general $881,845 · fundraising $0
-
11b · Fees: legal
total $405,658 · program services $0 · management and general $405,658 · fundraising $0
-
11c · Fees: accounting
total $140,564 · program services $0 · management and general $140,564 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $2,169,102 · program services $0 · management and general $2,169,102 · fundraising $0
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $564,169 · program services $0 · management and general $564,169 · fundraising $0
-
17 · Travel
total $548,619 · program services $0 · management and general $548,619 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: Exchange (gain)/loss
total -$688,778 · program services $0 · management and general -$688,778 · fundraising $0
-
24c · Other expenses: Other expenses
total $311,005 · program services $0 · management and general $311,005 · fundraising $0
-
24d · Other expenses: Impairment
total $6,911,778 · program services $0 · management and general $6,911,778 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,774,806 · end of year $13,210,416
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,072,356 · end of year $5,173,100
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $617,035,724 · end of year $534,722,708
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $64,153,890 · end of year $67,604,734
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $5,263,660 · end of year $7,024,298
-
18 · Grants payable
beginning of year $13,004,856 · end of year $13,296,360
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $691,378 · end of year $2,251,420
-
27 · Net assets without donor restrictions
beginning of year $650,354,986 · end of year $571,763,037
-
28 · Net assets with donor restrictions
beginning of year $24,721,896 · end of year $26,375,843
Mission and programs · 2022
Mission
Shell Foundation is an independent charity that applies a business approach to global development challenges which constrain access to energy and sustainable urban and rural mobility.
-
The Access to Energy Programme focuses on co-creating and supporting the scale-up of pioneering social enterprises and market enablers such as supply chain or financial intermediaries Shell Foundation SF is helping to increase the availability of modern energy services to low-income consumers in ways that are financially viable and scalable. Main achievements: -An independent impact assessment reported a 40% net increase in revenue from farmers that were using SunCulture's solar water pumps. -Lorentz has in the first phase of their pilot realised a significant reduction in cost with the solar pump's distributor financing supported by SF improving affordability and availability of irrigation pumps for farmers. -Sistema.bio with SF support demonstrated a considerable cost reduction of their biodigester through the monetisation of carbon credits substantially improving the income opportunity for the farmers.
Expenses $24,913,679 · Grants $10,412,195
-
The Sustainable Mobility Programme provides support to unproven mobility businesses with scalable solutions that increase access to affordable clean transport in cities improve the delivery of urban and rural transport services and reduce emissions intensity through technology innovation. Main achievements: - WhereIsMyTransport's data platform is impacting over 10M commuters daily. -NavAlt with SF"s support built India's first solar ferry and solar electric fishing boats transported over 1.5M passengers without single drop of fuel.
Expenses $4,771,816 · Grants $2,799,140
As filed on the 2022 return.
Listed in Part VII
-
Ms Gail Klintworth
Trustee-Chair
- Total calculated
- $0
- Hours/week
- 0
-
Ms Diana Lisa Carney
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Ms Alice Georgina Chapple
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Professor Maggie Kigozi
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Ms Sinead Caitlin Lynch
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Mr Wael Sawan
Trustee
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Huibert Hans Vigeveno
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Mr Grzegorz Lukasz Gut
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Ms Vinita Bali
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Mr Jonathan Berman
Chief Executive Officer
- Total calculated
- $417,301
- From this org
- $377,721
- From related orgs
- $0
- Other
- $39,580
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $377,721
- Bonus
- $39,580
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $417,301
-
Mr Richard Gomes
Chief Operating Officer
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Ms Rachel Singh Davies
Chief Financial Officer and Company Secretary
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr William Sumner
Finance Manager
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Ms Meera Shah
Portfolio Lead Farmers
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Wim Jonker Klunne
HSFG Co-ordinator
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Nicholas Jones
Market Development Manager
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Ashish Kumar
Portfolio Innovation Manager
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Moazzam Chughtai
Finance Advisor
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Gareth Zahir Bill
Operations Director
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Mr Jordan Broadbent
Senior Theme Lead Energy for Business
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Ms Fiona Hoffman-Harland
Business Development Advisor
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4c · Equity-based compensation arrangement
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
The filer's explanations (Part III)
- Part II Line 1
- | Name :, Title:, Item Selected:, Description:| All the listed employees, We are providing only name of the trustees officers and employees and not providing the compensation details of the employees seconded by Shell Foundation due to data protection regulations. However we have disclosed the details of CEO Mr Jonathan Berman who is employed directly by Shell Foundation.|
- Part I Line 7
- The organization offers bonuses to persons employed by the organization. These bonuses are calculated with a formula. The decision to award bonuses is discretionary and individual details are not known due to data protection regulations.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$2,250,000
for the project Outsourcing Incubation Areas
-
Social Investment Managers and Advisers LLC
$1,000,000
for the project Pilot of SIMA - Angaza DFF
-
Metro Africa Xpress Inc
$500,000
for the project MAX Pilot of EVs in Ghana
-
Odyssey Energy Solutions Inc
$500,000
for the project Financing solution to scale Energy as-a-Service model for Health Facility Electrification
-
World Bank Group ESMAP
$300,000
To finance the End User Subsidy Lab Externally Financed Output the EFO which forms part of the Bank's World work program
-
Akili Ventures LLC
$100,000
Phase 1 - PAYG Venture
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Shell International Limited
C-Corporation · Corporate Service Company · UK · 100% owned · share of income $0 · share of assets $0
Directly controlled by The Shell Petroleum Company Limited
-
Shell Asset Management Company
C-Corporation · Corporate Service Company · NL · 100% owned · share of income $0 · share of assets $0
Directly controlled by Shell Petroleum NV
-
BG Group Ltd
C-Corporation · Corporate Holding Company · UK · 100% owned · share of income $0 · share of assets $0
Directly controlled by Shell Petroleum NV
-
Shell Trading International Ltd
C-Corporation · Corporate Holding Company · UK · 100% owned · share of income $0 · share of assets $0
Directly controlled by The Shell Petroleum Company Limited
-
Shell Plc
C-Corporation · Ultimate Parent Company · UK · 0% owned · share of income $0 · share of assets $0
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349309083
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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