Shelor Family Foundation
- Assets
- $1.6m
- Revenue
- $60.2k
- Investments
- $657.6k
- Employees
- 0
- Location
- Floyd, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-6480962
Organization Overview
Shelor Family Foundation is located in Floyd, VA. The organization was established in 2014. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelor 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 12/2021, Shelor Family Foundation generated $60.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $93.8k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLE DIRECT CHARITABLE ACTIVITY IS THE OPERATION AND MAINTENANCE OF A DEMONSTRATION FARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight E Shelor Trustee | 10.4 | $17,501 | |
Robert Liguori Trustee | 7 | $12,000 | |
Patricia Shelor Trustee | 1.3 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $192 |
| Dividends & Interest | $23,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,608 |
| Capital Gain Net Income | $33,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,417 |
| Total Revenue | $60,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,901 |
| Other employee salaries and wages | $14,629 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,334 |
| Depreciation | $0 |
| Occupancy | $10,273 |
| Travel, conferences, and meetings | $606 |
| Printing and publications | $0 |
| Other expenses | $9,975 |
| Total operating and administrative expenses | $93,760 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $93,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,338 |
| Savings and temporary cash investments | $194,118 |
| 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 | $619,894 |
| Other assets | $111,880 |
| Total assets | $1,595,783 |
| Accounts payable and accrued expenses | $1,148 |
| 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 | $1,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
Kentucky Cattlemens Assoc Lexington, KY | $5,021,486 | $3,976,344 |
National Association Of Agricultural Educators Inc Lexington, KY | $3,546,199 | $2,802,357 |
National Neca-Ibew Labor-Management Cooperatin Committee Trust Fund Washington, DC | $1,074,580 | $3,238,395 |
Montgomery County Agricultural Center Inc Gaithersburg, MD | $13,260,435 | $4,649,730 |