Shentel Foundation
- Assets
- $2.6m
- Revenue
- $73.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Edinburg, VA
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 54-1549765
Organization Overview
Shentel Foundation is located in Edinburg, VA. The organization was established in 1990. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shentel 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, Shentel Foundation generated $73.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $68.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher E French President & CEO | 1 | $0 | |
James J Volk Sr. VP CFO & Treasurer | 1 | $0 | |
Ken L Burch Director | 1 | $0 | |
Tracy Fitzsimmons Director | 1 | $0 | |
John W Flora Director | 1 | $0 | |
Kenneth L Quaglio Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $73,845 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $68,143 |
| Total expenses and disbursements | $68,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,044 |
| Savings and temporary cash investments | $0 |
| 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 | $2,389,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,599,137 |
| 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 | $694 |
| Total liabilities | $694 |
Grants Awarded
Over the last fiscal year, Shentel Foundation has awarded $68,143 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL CHARITABLE SUPPORT | $262 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL CHARITABLE SUPPORT | $157 |
ACCELERATED CURE PROJECT PURPOSE: GENERAL CHARITABLE SUPPORT | $262 |
ALSAC ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: GENERAL CHARITABLE SUPPORT | $134 |
AMERICAN CANCER SOCIETY WINCHESTER PURPOSE: GENERAL CHARITABLE SUPPORT | $100 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL CHARITABLE SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scott County Telephone Cooperative Inc Gate City, VA | $34,053,199 | $9,179,083 |
Spruce Knob Seneca Rocks Telephone Inc Riverton, WV | $9,084,789 | $3,420,037 |
United States Telecommunications Training Institute Washington, DC | $827,245 | $3,204,969 |
Thermostat Recycling Corporation Washington, DC | $5,315,343 | $4,278,036 |
New Hope Telephone Cooperative New Hope, VA | $10,352,910 | $2,030,457 |
Virginia Cable Telecommunications Inc Richmond, VA | $827,903 | $1,317,486 |
The Wireless Foundation Washington, DC | $31,599,585 | $1,955,746 |
Shentel Foundation Edinburg, VA | $2,599,137 | $73,845 |
Big Bikes 4 Vets Lexington, NC | $5,973 | $8,348 |
United States Telecom Foundation Washington, DC | $6,119 | $0 |