Shallow Ford Foundation Inc
- Assets
- $16.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Clemmons, NC
- Founding
- 09/2004
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Shallow Ford Foundation Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $947.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Shallow Ford Foundation Inc has awarded 71 individual grants totaling $1,657,778. 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
2021
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 4 SCHOOL-BASED MENTORS, AND COORDINATED A 4-YEAR CAREER AND POSTSECONDARY EDUCATION ACCESS PROGRAM FOR 11TH AND 12TH GRADE STUDENTS. CURRENTLY 43 STUDENTS IN PROGRAM; 20 IN HIGH SCHOOL, 23 IN POST-SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Scannelli CEO | Officer | 60 | $100,000 |
Holly Groce Secretary | OfficerTrustee | 1 | $0 |
Tim W Bell Chairman | OfficerTrustee | 5 | $0 |
Maria Vernon Chair | OfficerTrustee | 5 | $0 |
Donald Kinney Treasurer | OfficerTrustee | 1 | $0 |
John Crouch 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 | $405,995 |
| Noncash contributions included in lines 1a–1f | $178,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,995 |
| Total Program Service Revenue | $0 |
| Investment income | $1,837,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,245,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,289 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $8,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,577 |
| Payroll taxes | $14,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $260 |
| Office expenses | $13,096 |
| Information technology | $21,748 |
| Royalties | $0 |
| Occupancy | $15,300 |
| Travel | $1,264 |
| 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 | $1,070 |
| Insurance | $2,474 |
| All other expenses | $3,832 |
| Total functional expenses | $946,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,129 |
| Savings and temporary cash investments | $0 |
| 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 | $4,665 |
| Investments—publicly traded securities | $16,114,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,710,912 |
| Accounts payable and accrued expenses | $13,792 |
| 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 | $13,792 |
| Net assets without donor restrictions | $16,697,120 |
| 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 | $16,710,912 |
Grants Awarded
Over the last fiscal year, Shallow Ford Foundation Inc has awarded $467,619 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Winston Salem, NC PURPOSE: BLDG/STAFF PROGRAM | $180,250 |
Winstonsalem, NC PURPOSE: CANCER PATIENT ADVOC | $32,066 |
Winston Salem, NC PURPOSE: EMERGENCY RELIEF | $22,500 |
Winstonsalem, NC PURPOSE: REMOTE EDUCATION | $18,500 |
Winstonsalem, NC PURPOSE: SIGNAGE/FARMING | $18,000 |
YADKIN COUNTY PUBLIC SCHOOLS PURPOSE: EDUCATION PROGRAMS | $16,580 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shallow Ford Foundation Inc has recieved totaling $29,323.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 4 GRANT(S) FOR VARYING PURPOSES | $19,073 |
Forsyth Memorial Hospital Inc Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $10,000 |
Space Technology & Research Foundation Inc Little Falls, NJ PURPOSE: GENERAL PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $12,936,248 |
| Earnings | $2,821,961 |
| Admin Expense | $144,564 |
| Net Contributions | $122,840 |
| Grants | $673,232 |
| Ending Balance | $15,063,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Townebank Foundation Suffolk, VA | $12,218,911 | $5,948,178 |
Enduring Hearts Inc Marietta, GA | $4,514,675 | $1,999,139 |
Investigative Research Center Inc Arlington, VA | $96,743 | $0 |
24 Foundation Inc Charlotte, NC | $1,081,885 | $1,362,203 |
Lung Cancer Initiative Raleigh, NC | $1,367,824 | $941,380 |
Shallow Ford Foundation Inc Clemmons, NC | $16,710,912 | $2,245,323 |
Its The Journey Inc Peachtree Corners, GA | $1,468,150 | $837,855 |
Ians Friends Foundation Inc Atlanta, GA | $2,303,183 | $1,075,992 |
The Cancer Foundation Inc Athens, GA | $2,195,862 | $959,444 |
Health First Americas Charities Chantilly, VA | $289,925 | $622,332 |
Cure Lbsl Arlington, VA | $444,924 | $599,293 |
Cr3 Diabetes Association Inc Fuquay Varina, NC | $1,173,656 | $1,089,324 |