Shelly Family Foundation
- Assets
- $590.9k
- Revenue
- $553.6k
- Investments
- $580.7k
- Employees
- 0
- Location
- Newark, OH
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-1672215
Organization Overview
Shelly Family Foundation is located in Newark, OH. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelly Family Foundation 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 12/2022, Shelly Family Foundation generated $553.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $93.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shelly Family Foundation has awarded 154 individual grants totaling $868,093. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT EDUCATIONAL INSTITUTIONS AND GRANTS FOR OTHER CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Shelly Director | 2 | $0 | |
Mark Shelly President | 2 | $0 | |
Madonna Shelly Treasurer | 2 | $0 | |
Judge Luann Cooperrider Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $507,738 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,810 |
| Capital Gain Net Income | $40,810 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130 |
| Total Revenue | $553,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,438 |
| Total operating and administrative expenses | $3,738 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $93,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,189 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $590,859 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Shelly Family Foundation has awarded $90,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MALONE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
CONCORD UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
THE OHIO STATE UNIVERSITY - NEWARK PURPOSE: SCHOLARSHIP | $10,000 |
OHIO WESLEYAN UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
CEDARVILLE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
WITTENBERG UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |