The Shepherds Foundation Inc
- Assets
- $26.2m
- Revenue
- $4.0m
- Investments
- $17.1m
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 62-1842982
Organization Overview
The Shepherds Foundation Inc is located in Franklin, TN. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Shepherds 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 12/2022, Shepherds Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $206.9k during the year ending 12/2022. While expenses have increased by 12.4% 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO NEEDING FAMILIES
PROVIDE DONATIONS TO VARIOUS NASHVILLE AREA CHARITIES
DEVELOPMENT OF AN ART MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Nacarato Jr President | 0 | $0 | |
Teresa A Nacarato Secretary | 0 | $0 | |
Michael J Nacarato IV Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,420,000 |
| Interest on Savings | $6,731 |
| Dividends & Interest | $199,620 |
| Net Rental Income | $19,339 |
| Net Gain on Sale of Assets | $253,711 |
| Capital Gain Net Income | $253,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,017,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,429 |
| Depreciation | $54,593 |
| Occupancy | $6,808 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,600 |
| Total operating and administrative expenses | $206,901 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $206,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,344 |
| Savings and temporary cash investments | $13,788 |
| 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 | $725,928 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,095,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,300,000 |
| Total assets | $26,165,384 |
| 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 |