Shepherd Higher Education Consortium On Poverty Inc
- Assets
- $149.4k
- Revenue
- $484.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 45-5507122
Organization Overview
Shepherd Higher Education Consortium On Poverty Inc is located in Lexington, VA. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shepherd Higher Education Consortium On Poverty 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 12/2022, Shepherd Higher Education Consortium On Poverty Inc generated $484.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $433.6k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGRADUATE AND PROFESSIONAL EDUCATION ABOUT POVERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNSHIP PROGRAM--SHECP UNITES STUDENTS WITH AGENCIES THAT WORK IN DISTRESSED COMMUNITIES. SHECP MATCHES COLLEGE STUDENTS IN FULL-TIME EIGHT-WEEK VOLUNTEER INTERNSHIPS, SERVING ORGANIZATIONS IN CITIES AND TOWNS ACROSS THE U.S. STUDENTS LEARN FIRST HAND ABOUT THE MULTIPLE DIMENSIONS OF POVERTY IN THE U.S. BY WORKING ALONGSIDE INDIVIDUALS SEEKING TO IMPROVE THEIR COMMUNITIES. THE AGENCIES FOCUS ON EDUCATION, HEALTHCARE, LEGAL SERVICES, HOUSING, HUNGER, SOCIAL AND ECONOMIC NEEDS, AND COMMUNITY BUILDING EFFORTS. STUDENTS WORK WITH AGENCIES THAT FIT THEIR INTELLECTUAL AND PROFESSIONAL INTERESTS IN ORDER TO DEVELOP THEIR EXPERIENCE AND SKILLS FOR FUTURE CIVIC INVOLVEMENT AND EMPLOYMENT. PARTICIPATING STUDENTS ARE ENGAGED IN A COMPETITIVE APPLICATION AND INTERVIEW PROCESS AT THEIR HOME INSTITUTION IN ORDER TO BE ACCEPTED INTO THE PROGRAM. THE INTERNSHIP BEGINS WITH A TWO DAY OPENING CONFERENCE AND ENDS WITH A TWO DAY CLOSING CONFERENCE. DURING THE INTERNSHIP, STUDENTS LIVE AND WORK TOGETHER, CREATING NEW NETWORKS AND FRIENDSHIPS. SHECP COORDINATED AND PAID FOR TRAVELING AND HOUSING, AND EACH STUDENT RECEIVED A STIPEND FOR FOOD AND COMMUTING EXPENSES.
CONSORTIUM PROGRAMMING--ON SITE CONSULTATION FOR EACH MEMBER SCHOOL AND FOR PROSPECTIVE MEMBER SCHOOLS ABOUT THEIR COURSES, WITH STAFF ABOUT THEIR INVOLVEMENT IN THE INTERNSHIP PROGRAM, WITH STUDENTS ABOUT HOW THEY CAN AUGMENT THEIR PARTICIPATION IN POVERTY STUDIES, AND WITH DEVELOPMENT OFFICES AND ADMINISTRATORS ABOUT SOLICITING RESOURCES TO AUGMENT THE MEMBERS POVERTY STUDIES PROGRAMMING. ADVICE IS COLLECTED AND BEST PRACTICES DISSEMINATED AMONG MEMBER SCHOOLS TO ENHANCE THE EDUCATIONAL PROGRAMMING THAT MEMBERS PROVIDE THEIR STUDENTS.
CONFERENCES--THE INTERNSHIP EXPERIENCE IS BOOKENDED BY AN OPENING AND CLOSING CONFERENCE. A TWO-DAY OPENING CONFERENCE PROVIDES INTERNS A COMPREHENSIVE INTRODUCTION AND ORIENTATION TO LEARNING OUTCOMES TO BE ACHIEVED DURING THE INTERNSHIP. DURING THE CLOSING CONFERENCE STUDENTS PROVIDE INTERACTIVE PRESENTATIONS TO THEIR FELLOW INTERNS AND SELECTED EXPERTS. STUDENTS ARE EXPOSED TO NOTABLE GUEST SPEAKERS WHO MAKE AN INMPACT ON POVERTY IN THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Wilson Chair | OfficerTrustee | 2 | $0 |
Fran Elrod Director | OfficerTrustee | 2 | $0 |
Andrew Kumpuris Director | Trustee | 2 | $0 |
Andrew Hogue Director | Trustee | 2 | $0 |
Tiffanie Spencer Director | Trustee | 2 | $0 |
Kristin Harper Past Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,452 |
| Total Program Service Revenue | $409,100 |
| Investment income | $0 |
| 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 | $484,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,016 |
| Advertising and promotion | $9,129 |
| Office expenses | $2,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $71 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,475 |
| All other expenses | $0 |
| Total functional expenses | $433,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $1,177 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,387 |
| Accounts payable and accrued expenses | $546 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $3,046 |
| Net assets without donor restrictions | $143,841 |
| Net assets with donor restrictions | $2,500 |
| 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 | $149,387 |