Shelton Family Foundation
- Assets
- $295.1k
- Revenue
- $64.2k
- Investments
- $293.7k
- Employees
- 0
- Location
- Mountain Home, TX
- Founding
- 05/1982
- Data as of
- 09/2022
- EIN
- 74-2225673
Organization Overview
Shelton Family Foundation is located in Mountain Home, TX. The organization was established in 1982. 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. Shelton 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 09/2022, Shelton Family Foundation generated $64.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $61.1k during the year ending 09/2022. 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
SUPPORT EDUCATIONAL PROGRAMS AT LOCAL ACADEMY
SUPPORT MINISTRY OF LOCAL CHURCH
SUPPORT SCHOLARSHIPS
SUPPORT OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fronie K Shelton President | 0 | $0 | |
Edward E Hartline Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $2,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,054 |
| Capital Gain Net Income | $62,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,103 |
| Contributions, gifts, grants paid | $49,000 |
| Total expenses and disbursements | $61,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,404 |
| 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 | $293,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $295,105 |
| 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 | $368 |
| Total liabilities | $368 |
Grants Awarded
Over the last fiscal year, Shelton Family Foundation has awarded $49,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SAN ANTONIO LIVESTOCK EXPOSITION INC PURPOSE: SCHOLARSHIPS | $9,000 |
TEXAS BIOMEDICAL RESEARCH INSTITUTE PURPOSE: MEDICAL RESEARCH | $500 |
MOUNTAIN HOME VOLUNTEER FIRE DEPARTMENT PURPOSE: SUPPORT OPERATIONS | $2,500 |
HILL COUNTRY DISTRICT JUNIOR LIVEST PURPOSE: SUPPORT STUDENT EXHIBITIONS | $2,500 |
SAN ANTONIO ACADEMY OF TEXAS PURPOSE: SUPPORT EDUCATION | $20,000 |
ST PETERS EPISCOPAL CHURCH PURPOSE: SUPPORT MINISTRY | $12,000 |