2024-04-09T13:11:28-05:00 2023-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2022-06-01 202532325 SHELTON LANDMARK FOUNDATION SHEL 9727741772 17301 PRESTON ROAD DALLAS TX 75252 KELLY VAN DEN HANDEL CFO 9727741772 2024-04-04 1 KELLY VAN DEN HANDEL XXX-XX-XXXX 1 KEVIN WARNEKE P01294950 2148717500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES B REEDER 17301 PRESTON ROAD DALLAS TX 75252 8197482 0 X N/A X 2005 TX TO SUPPORT AND BENEFIT THE JUNE SHELTON SCHOOL AND EVALUATION CENTER 8 7 0 7 0 0 7377814 615808 2059200 2059200 472380 452157 0 196272 9909394 3323437 0 0 0 0 0 0 0 0 0 4951692 5571959 4951692 5571959 4957702 -2248522 120539366 113293258 56246854 50125175 64292512 63168083 TO SUPPORT AND BENEFIT THE JUNE SHELTON SCHOOL AND EVALUATION CENTER BY SOLICITING, RECEIVING, AND HOLDING REAL PROPERTY TO BENEFIT THE LONG-TERM GOALS, PURPOSES, AND OBJECTIVES OF THE SCHOOL. 0 0 5460161 2255472 TO SUPPORT THE JUNE SHELTON SCHOOL AND EVALUATION CENTER BY PROVIDING MANAGEMENT AND OVERSIGHT OF THE REAL PROPERTY. SHELTON SCHOOL IS AN INDEPENDENT, NONSECTARIAN, COEDUCATIONAL, NONPROFIT SCHOOL WHOSE PURPOSE IS TO PROVIDE EXCELLENCE IN EDUCATION TO STUDENTS OFAVERAGE TO ABOVE- AVERAGE INTELLIGENCE WITH LEARNING DIFFERENCES FROM PRESCHOOL THROUGH GRADE 12. THE SCHOOL OFFERS A COMPREHENSIVE CURRICULUM WITH A STRONG ACADEMIC ORIENTATION AND A NURTURING FAMILY ATMOSPHERE THAT CONSIDERS THE PHYSICAL, INTELLECTUAL, EMOTIONAL AND SOCIAL GROWTH OF EACH STUDENT. SHELTON SERVES ABOUT 1,088 STUDENTS ANNUALLY. 5460161 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X KELLY VAN DEN HANDEL 9727741772 17301 PRESTON ROAD DALLAS TX 75252 JAMES B REEDER CHAIRMAN 1.00 1.00 X X 0 0 0 GARY L WEBB VICE CHAIRMAN 1.00 2.00 X X 0 0 0 ROBERT L WALKER SECRETARY 1.00 1.00 X X 0 0 0 PAUL NEUBACH TRUSTEE 1.00 0.00 X 0 0 0 CINDY WARD TRUSTEE 1.00 0.00 X 0 0 0 PAUL BILLINGS TRUSTEE 1.00 0.00 X 0 0 0 ED COPELAND TRUSTEE 1.00 0.00 X 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR 1.00 41.00 X 0 364066 34601 KELLY VAN DEN HANDEL TREASURER 1.00 41.00 X X 0 159992 26649 JOYCE S PICKERING EXECUTIVE DIRECTOR EMERITA 1.00 31.00 X 0 196321 7783 0 720379 69033 0 0 1 0 LEE LEWIS CONSTRUCTION 17177 PRESTON RD STE 160 DALLAS TX 75248 CONSTRUCTION SERVICES 403749 1 268761 347047 615808 RENTAL INCOME 531190 2059200 2059200 2059200 16406 16406 5309796 4874045 435751 435751 435751 196272 196272 196272 3323437 2255472 0 452157 18246 18246 31925 31925 61574 61574 53 53 9288 9288 2523162 2523162 2927711 2927711 5571959 5460161 111798 0 2102061 415089 6374765 1857778 95028413 7828951 90021114 87199462 22028702 22719685 12724 1101244 120539366 113293258 631758 290028 55615096 49835147 56246854 50125175 X 60140009 61267588 4152503 1900495 64292512 63168083 120539366 113293258 X -2248522 1405343 -281250 X X 0 1 X 1 0 X X 1 JUNE SHELTON SCHOOL AND EVALUATION CENTER 751507280 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9929191 170319 -40492 29914 10029104 10666481 174969 -884014 28245 9929191 8226850 70051 2383784 14204 10666481 7786349 97060 357160 13719 8226850 7722946 99507 -22926 13178 7786349 0.71050 0.07100 0.21850 0 1 1 11737674 11737674 83290739 7828951 75461788 87199462 X 5048808 1405343 381602 1786945 3261863 61574 61574 3323437 6173237 381602 281250 662852 5510385 61574 61574 5571959 PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE ENDOWMENT FUNDS REPORTED CONSIST OF THE ENTIRE ACTIVITY OF THE JUNE F. SHELTON LEGACY FOUNDATION, WHICH IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE JUNE SHELTON SCHOOL AND EVALUATION CENTER. THE JUNE F. SHELTON LEGACY FOUNDATION IS A TEXAS NONPROFIT CORPORATION, THE PRINCIPAL PURPOSES OF WHICH ARE TO SUPPORT, BENEFIT AND FURTHER THE PURPOSES OF SHELTON SCHOOL, PRIMARILY BY RAISING, PRESERVING, MANAGING AND INVESTING FUNDS FOR THE BENEFIT OF SHELTON SCHOOL. THE FOUNDATION'S ENDOWMENTS ACCORDING TO GAAP DEFINITIONS CONSIST OF ONLY A SINGLE FUND ESTABLISHED AND USED FOR FINANCIAL AID. CURRENTLY THE FOUNDATION CONSIDERS DONOR RESTRICTED ENDOWMENT FUNDS, ACCORDING TO GAAP, AS PERMANENTLY RESTRICTED NET ASSETS IN THE AMOUNT OF $712,602 AS OF MAY 31, 2023. PART X, LINE 2: FIN 48 (ASC 740) AUDITED FINANCIAL STATEMENT FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE ACCORDING TO THE UNITED STATES INTERNAL REVENUE SERVICE ("IRS") DETERMINATION LETTER DATED JULY 17, 2012, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED MAY 31, 2023 AND 2022, UNRELATED BUSINESS INCOME DID NOT RESULT IN ANY MATERIAL NET TAXABLE INCOME, THEREFORE NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL FORM 990-T WITH THE IRS FOR ANY UNRELATED BUSINESS INCOME. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE FOUNDATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. THE FOUNDATION'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSSES ON UNCOLLECTIBLE PLEDGES 281,250. 0 0 0 0 0 0 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR 0 314066 0 50000 0 0 0 24400 0 10201 0 398667 0 0 JOYCE S PICKERING EXECUTIVE DIRECTOR EMERITA 0 171321 0 25000 0 0 0 7240 0 543 0 204104 0 0 KELLY VAN DEN HANDEL TREASURER 0 145777 0 14215 0 0 0 9366 0 17283 0 186641 0 0 PART I, LINE 3: RELATED ORGANIZATION COMPENSATION REVIEW SHELTON LANDMARK FOUNDATION DOES NOT HAVE ANY EMPLOYEE DIRECTLY RELATED TO THE FOUNDATION. THE FOUNDATION USES EMPLOYEES FROM THE JUNE SHELTON SCHOOL, WHICH USES A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR COMPENSATION. A ARLINGTON HIGHER EDUCATION FINANCE CORPORATION 273906171 2017-10-25 31350000 PROPERTY PURCHASE 0 0 0 A 2291605 31350000 219000 31131000 2017 0 0 1 1 A 1 1 1 FROST BANK 10.000000000000 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B REVIEW PROCESS OF FORM 990 THE 990 IS REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ANY DECLARED CONFLICTS ARE REPORTED TO THE BOARD. IF THERE IS A CONFLICT, THAT MEMBER IS NOT ALLOWED TO PARTICIPATE IN ANY DISCUSSIONS OR VOTES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINATION OF COMPENSATION THE SHELTON LANDMARK FOUNDATION DOES NOT DIRECTLY COMPENSATE ANY BOARD MEMBERS OR OFFICERS LISTED IN PART VII. THE RELATED ORGANIZATION, JUNE SHELTON SCHOOL AND EVALUATION CENTER, UTILIZES PUBLISHED INFORMATION FROM THEIR ACCREDITING BODY AS TO SALARY STRUCTURES BY POSITION. THE SCHOOL ALSO USES LOCAL PUBLIC SCHOOLS AS A BENCHMARK. THE EXECUTIVE COMMITTEE APPROVES THE EXECUTIVE DIRECTOR'S SALARY, WHICH IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PLEDGES -281,250. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT BOARD NO CHANGE HAS BEEN MADE TO THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS. JUNE F SHELTON LEGACY FOUNDATION 17301 PRESTON ROAD DALLAS TX 75252 202131507 SUPPORT TX 501(C)(3) LINE 12A, I SCHOOL 0 JUNE SHELTON SCHOOL & EVALUATION CENTER 17301 PRESTON ROAD DALLAS TX 75252 751507280 N/A TX 501(C)(3) LINE 2 N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 JUNE SHELTON SCHOOL & EVALUATION CENTER C 268761 FAIR MARKET VALUE JUNE SHELTON SCHOOL & EVALUATION CENTER J 2059200 FAIR MARKET VALUE JUNE SHELTON SCHOOL & EVALUATION CENTER O 381602 FAIR MARKET VALUE