Carl Shanks Trust

8336284100

Chicago, IL
Tax-exempt since Jan. 1996
EIN: 75-6177377

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$118k (2025)

Expenses

$97.1k (2025)

Total Assets

$1.34M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2025

Revenue

$118,352

Expenses

$97,072

Net Income

$21,280

Net Assets

$1,335,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$59,222	50.0%
Sales of Assets	$59,130	50.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,365	82.8%
Compensation of Officers*	$25,693	26.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,335,278
Total Liabilities	$0
Net Assets	$1,335,278

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$25,693	$0

990-PF

Filed on Sept. 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending May
2024

Revenue

$73,514

Expenses

$93,196

Net Income

-$19,682

Net Assets

$1,311,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$46,894	63.8%
Sales of Assets	$26,620	36.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,717	81.2%
Compensation of Officers*	$24,703	26.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,311,605
Total Liabilities	$0
Net Assets	$1,311,605

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$24,703	$0

990-PF

Filed on Sept. 6, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending May
2023

Revenue

$77,724

Expenses

$102,824

Net Income

-$25,100

Net Assets

$1,337,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$52,561	67.6%
Sales of Assets	$24,917	32.1%
Other Income	$246	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,120	83.8%
Compensation of Officers*	$24,089	23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,337,668
Total Liabilities	$0
Net Assets	$1,337,668

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$24,089	$0

990-PF

Filed on Oct. 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending May
2022

Revenue

$85,862

Expenses

$101,302

Net Income

-$15,440

Net Assets

$1,362,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$51,773	60.3%
Sales of Assets	$34,082	39.7%
Other Income	$7	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,621	80.6%
Compensation of Officers*	$25,675	25.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,362,768
Total Liabilities	$0
Net Assets	$1,362,768

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$25,675	$0

990-PF

Filed on Oct. 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2021

Revenue

$172,807

Expenses

$93,538

Net Income

$79,269

Net Assets

$1,378,372

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$32,208	18.6%
Sales of Assets	$140,598	81.4%
Other Income	$1	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,568	80.8%
Compensation of Officers*	$24,915	26.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,378,373
Total Liabilities	$1
Net Assets	$1,378,372

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$24,915	$0

990-PF

Filed on Oct. 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2020

Revenue

$83,562

Expenses

$91,975

Net Income

-$8,413

Net Assets

$1,299,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,221	46.9%
Sales of Assets	$44,341	53.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,965	81.5%
Compensation of Officers*	$24,111	26.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,299,324
Total Liabilities	$1
Net Assets	$1,299,323

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$24,111	$0

990-PF

Filed on Sept. 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2019

Revenue

$125,909

Expenses

$94,264

Net Income

$31,645

Net Assets

$1,307,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,227	29.6%
Sales of Assets	$88,682	70.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,011	83.8%
Compensation of Officers*	$21,747	23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,307,791
Total Liabilities	$0
Net Assets	$1,307,791

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$21,747	$0

990-PF

Filed on Oct. 4, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2018

Revenue

$80,505

Expenses

$81,958

Net Income

-$1,453

Net Assets

$1,276,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,348	41.4%
Sales of Assets	$47,157	58.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,226	85.7%
Compensation of Officers*	$14,975	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,276,745
Total Liabilities	$0
Net Assets	$1,276,745

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$14,975	$0

990-PF

Filed on Oct. 8, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2016

Revenue

$41,961

Expenses

$79,431

Net Income

-$37,470

Net Assets

$1,289,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,227	84.0%
Sales of Assets	$6,734	16.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,683	86.5%
Compensation of Officers*	$17,076	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,289,949
Total Liabilities	$0
Net Assets	$1,289,949

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2015

Revenue

$91,952

Expenses

$101,029

Net Income

-$9,077

Net Assets

$1,325,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$38,459	41.8%
Sales of Assets	$53,482	58.2%
Other Income	$11	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,803	84.9%
Compensation of Officers*	$17,546	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,325,663
Total Liabilities	$0
Net Assets	$1,325,663

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2014

Revenue

$86,400

Expenses

$87,556

Net Income

-$1,156

Net Assets

$1,335,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,838	40.3%
Sales of Assets	$52,713	61.0%
Other Income	-$1,151

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,956	82.2%
Compensation of Officers*	$17,214	19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,335,326
Total Liabilities	$0
Net Assets	$1,335,326

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2013

Revenue

$84,517

Expenses

$83,592

Net Income

$925

Net Assets

$1,334,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,156	42.8%
Sales of Assets	$48,312	57.2%
Other Income	$49	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,355	84.2%
Compensation of Officers*	$17,228	20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,334,457
Total Liabilities	$0
Net Assets	$1,334,457

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2012

Revenue

$68,550

Expenses

$85,426

Net Income

-$16,876

Net Assets

$1,333,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$41,377	60.4%
Sales of Assets	$27,008	39.4%
Other Income	$151	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,274	82.3%
Compensation of Officers*	$17,127	20.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,333,600
Total Liabilities	$1
Net Assets	$1,333,599

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated January 26, 2026

Carl Shanks Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $118k (2025)

Expenses $97.1k (2025)

Total Assets $1.34M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$118k (2025)

Expenses

$97.1k (2025)

Total Assets

$1.34M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending May
2025

Fiscal Year Ending May
2024

Fiscal Year Ending May
2023

Fiscal Year Ending May
2022

Fiscal Year Ending May
2021

Fiscal Year Ending May
2020

Fiscal Year Ending May
2019

Fiscal Year Ending May
2018

Fiscal Year Ending May
2017

Fiscal Year Ending May
2016

Fiscal Year Ending May
2015

Fiscal Year Ending May
2014

Fiscal Year Ending May
2013

Fiscal Year Ending May
2012

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002