Shallow Ford Foundation Inc
- Assets
- $16.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Clemmons, NC
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 04-3795285
Organization Overview
Shallow Ford Foundation Inc is located in Clemmons, NC. The organization was established in 2004. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2023, Shallow Ford Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shallow Ford Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Shallow Ford Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $865.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shallow Ford Foundation Inc has awarded 110 individual grants totaling $1,931,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNLOCK THE FULL PHILANTHROPIC POTENTIAL OF OUR COMMUNITIES OF CLEMMONS, LEWISVILLE, AND YADKIN COUNTY. TO ADDRESS NEEDS AND INTERESTS WITH CHARITABLE RESOURCES TOWARD TRANSFORMATIONAL SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTED PHILANTHROPIC INDIVIDUALS AND RESOURCES WITH COMMUNITY NEEDS THROUGH COMMUNITY-ENGAGED GRANTMAKING AND SCHOLARSHIP AWARDS. INITIATED AND SUPPORTED PROGRAMS WHERE NEEDS IDENTIFIED. SUPPORTED DONOR ADVISORS WITH COMMUNITY RESEARCH AND GRANT RECOMMENDTION GUIDANCE. GRANT AND SCHOLARSHIP FOLLOWUP.
CO-LED WITH SCHOOL-BASED MENTORS, AND COORDINATED A 4-YEAR CAREER AND POSTSECONDARY EDUCATION ACCESS PROGRAM FOR 11TH AND 12TH GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Scannelli CEO | Officer | 60 | $129,013 |
Tim W Bell Chairman | OfficerTrustee | 5 | $0 |
Emmy Corn Director | Trustee | 1 | $0 |
Bradley Gray Treasurer | OfficerTrustee | 1 | $0 |
Holly Groce Secretary | OfficerTrustee | 1 | $0 |
Kim Henson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,136 |
| Noncash contributions included in lines 1a–1f | $204,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $786,136 |
| Total Program Service Revenue | $0 |
| Investment income | $698,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$79,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,405,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $406,282 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,265 |
| Payroll taxes | $19,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,845 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,212 |
| Office expenses | $7,306 |
| Information technology | $4,110 |
| Royalties | $0 |
| Occupancy | $15,300 |
| Travel | $2,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,226 |
| Insurance | $3,076 |
| All other expenses | $19,394 |
| Total functional expenses | $865,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,033 |
| Savings and temporary cash investments | $26,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,213 |
| Investments—publicly traded securities | $15,743,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,204,086 |
| Accounts payable and accrued expenses | $11,483 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,483 |
| Net assets without donor restrictions | $16,192,603 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,204,086 |
Grants Awarded
Over the last fiscal year, Shallow Ford Foundation Inc has awarded $325,039 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $10,100 |
BIG BROTHERS BIG SISTERS PURPOSE: YOUTH MENTORING | $6,500 |
CLEMMONS UNITED METHODIST CHURCH PURPOSE: MINISTRY SUPPORT | $7,000 |
CANCER SERVICES INC PURPOSE: CANCER PATIENT SUPPO | $23,183 |
DIAPER BANK OF NORTH CAROLINA PURPOSE: DIAPERS/HYGIENE | $6,500 |
HANDS OF HOPE MEDICAL CLINIC PURPOSE: INTERPRETER | $10,000 |