SHELTON FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SHELTON FAMILY FOUNDATION (EIN 75-2655885)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-08-30
- IRS object ID
- 202412439349100321
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-30T15:30:30-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 PINE ST STE 600 | AddressLine1Txt |
| City | ABILENE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 796015190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752655885 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHELTON FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHEL | BusinessNameControlTxt |
| Phone | 3256767724 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2791 | AddressLine1Txt |
| City | ABILENE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79604 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID L COPELAND | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3256767724 | PhoneNum |
| Signature | 2024-08-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELLE BEATY CPA | PreparerPersonNm |
| PTIN | P01404339 | PTIN |
| Phone | 3256724000 | PhoneNum |
| Preparation | 2024-08-28 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,027,664 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $356,546 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $682,353 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $682,353 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $35,804 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,319,211 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $35,804 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,074,703 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $718,157 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $97,763 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $24,441 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $73,322 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $48,024 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $48,024 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $19,107 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,186 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $16,921 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,325 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,325 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $17,200 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,743 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $8,858 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $35,801 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $35,801 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $223,220 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $28,370 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $188,251 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $977,625 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $977,625 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,200,845 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $28,370 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,165,876 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$126,142 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $689,787 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $380,349 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,283,455 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,283,455 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,535,407 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $26,893,520 | CorporateStockBOYAmt |
| Corporate Stock EOY | $26,889,540 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,539,816 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,247,363 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $0 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $10,784,698 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,185,873 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $12,847,847 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $356,546 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $356,546 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $40,841,337 | TotalAssetsBOYAmt |
| Total Assets EOY | $40,715,414 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,027,664 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $219 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $219 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $40,841,337 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $40,715,195 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $40,841,337 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $40,715,195 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $40,841,337 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $40,715,414 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $40,841,337 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$126,142 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $40,715,195 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $40,715,195 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | 2022-06-30 | 2024-06-30 | $2,241,984 | $2,283,407 | -$41,423 | -$41,423 | |
| CAPITAL GAINS DIVIDENDS | $77,227 | $77,227 | $77,227 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $35,804 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,588 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $9,588 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $9,588 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,703 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $13,703 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,115 | OverpaymentAmt |
| Applied To ES Tax | $4,115 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | SHELTONFAMILYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | DAVID L COPELAND PRESIDENT | IndividualWithBooksNm |
| Phone | 3256767724 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 273 WALNUT | AddressLine1Txt |
| City | ABILENE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID L COPELAND | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | PRES/TREAS/DIR | 30.00 | $97,763 | $8,745 | $0 |
| SHAY SHELTON HOFFMAN | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| SINDY SHELTON DURHAM | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| C CHRISTINE NICHOLS | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| WENDY H DURHAM | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| ANDREW D DURHAM | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| DAVID R DURHAM | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| LEONARD R HOFFMAN | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| ANALIE DURHAM | ||||||||
| PO BOX 2791 | ABILENE | TX | 79604 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $21,970,144 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $733,751 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,703,895 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $215,138 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,703,895 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $340,558 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $22,363,337 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,118,167 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,118,167 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,588 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,588 | TotalTaxAmt |
| Distributable Before Adj | $1,108,579 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,108,579 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,108,579 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,165,876 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,165,876 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,108,579 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $946,486 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,165,876 | QualifyingDistributionsAmt |
| Applied To Year1 | $946,486 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $219,390 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $889,189 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SHELTON FAMILY FOUNDATION DAVID L C | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2791 | AddressLine1Txt |
| City | ABILENE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3256767724 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS ARE SUBMITTED ELECTRONICALLY. PLEASE VISIT OUR WEBSITE AT SHELTONFAMILYFOUNDATION.ORG. QUESTIONS CAN BE DIRECTED TO THE FOUNDATION MANAGER. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | LIMITED TO 501(C)(3) ORGANIZATIONS OR GOVERNMENTAL ENTITIES, PRIMARILY IN WEST CENTRAL TEXAS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ABILENE ARTS ALLIANCE | ||||||
| 1101 NORTH 1ST | ABIILENE | TX | 79601 | PC | ENDOWMENT | $5,000 |
| ABILENE ARTS ALLIANCE | ||||||
| 1101 NORTH 1ST | ABILENE | TX | 79601 | PC | CHILDREN'S PERFORMING ARTS SERIES | $3,000 |
| ABILENE ARTS ALLIANCE | ||||||
| 1101 NORTH 1ST | ABILENE | TX | 79601 | PC | YOUNG AUDIENCES FINE ART SUMMER CAMP | $4,000 |
| ABILENE CHRISTIAN UNIVERSITY | ||||||
| ACU BOX 29100 | ABILENE | TX | 76999 | PC | BAPTIST STUDIES CENTER | $25,000 |
| ABILENE HOPE HAVEN INC | ||||||
| 801 SOUTH TREADAWAY BLVD | ABILENE | TX | 79602 | PC | BRIDGE 2 HOME OPERATIONAL SUPPORT | $50,000 |
| ABILENE PERFORMING ARTS COMPANY INC | ||||||
| 1049 INDUSTRIAL BLVD SUITE 200 | ABILENE | TX | 79602 | PC | SCHOLARSHIP FUND | $2,625 |
| ALL KIND ANIMAL INITATIVE | ||||||
| 834 NORTH 3RD STREET | ABIILENE | TX | 79601 | PC | PET ADOPTION AND RESOURCE CENTER -CAPITAL PROJECT | $25,000 |
| AMERICAN NATIONAL RED CROSS | ||||||
| 1610 NORTH 2ND STREET | ABILENE | TX | 79601 | PC | 2024 OPERATIONS | $5,000 |
| BCFS HEALTH AND HUMAN SERVICES | ||||||
| 303 S PIONEER SUITE 200 | ABILENE | TX | 79605 | PC | YOUNG MEN'S OUR HOUSE OPERATIONS | $50,000 |
| BETTY HARDWICK CENTER | ||||||
| 2616 SOUTH CLACK STREET SUITE 140 | ABIILENE | TX | 79606 | PC | HUD RAPID REHOUSING AND PERMANENT SUPPORTIVE | $60,000 |
| BIG BROTHERS BIG SISTERS OF ABILENE INC | ||||||
| 547 CHESTNUT STREET | ABILENE | TX | 79602 | PC | JOIN THE VILLAGE | $15,000 |
| CALLAHAN COUNTY AGING SERVICES | ||||||
| 100 W 4TH SUITE 302 | BAIRD | TX | 79504 | PC | 2024 OPERATIONS | $5,000 |
| CENTER FOR CONTEMPORARY ARTS | ||||||
| 220 CYPRESS | ABILENE | TX | 79601 | PC | NATIONAL JURIED EXHIBITION | $10,000 |
| COMMUNITIES IN SCHOOLS | ||||||
| 500 CHESTNUT STREET STE171 | ABIILENE | TX | 79603 | PC | CARE PACK PROGRAM FOR AISD STUDENTS | $20,000 |
| FOOD BANK OF ABILENE INC | ||||||
| 5505 NORTH 1ST STREET | ABILENE | TX | 79603 | PC | CAPITAL EXPANSION | $84,000 |
| FOOD BANK OF ABILENE INC | ||||||
| 5505 NORTH 1ST STREET | ABILENE | TX | 79603 | PC | YEAR END NEED | $5,000 |
| FRIENDS OF THE ABILENE PUBLIC LIBRARY | ||||||
| C/O 202 CEDAR | ABILENE | TX | 79601 | PC | 2024 FUNDRAISER | $2,000 |
| GRACE MUSEUM | ||||||
| 102 CYPRESS ST | ABIILENE | TX | 79601 | PC | 2023 ANNUAL FALL BENEFIR | $5,000 |
| HOUSES FOR HEALING INC | ||||||
| PO BOX 2320 | ABILENE | TX | 79604 | PC | PHASE 2 PROJECT INFRASTRUCTURES | $50,000 |
| KENLEY SCHOOL | ||||||
| 1434 MATADOR | ABILENE | TX | 79605 | PC | 2024 OPERATIONS | $60,000 |
| LOVE AND CARE MINISTRIES | ||||||
| 233 FANNIN STREET | ABIILENE | TX | 79603 | PC | CAREPACKS FOR KIDS | $30,000 |
| MCMURRY UNIVERSITY | ||||||
| MCM STATION BOX 938 | ABILENE | TX | 79697 | PC | GARRISON STUDENT CENTER RENOVATION | $100,000 |
| NATIONAL CENTER FOR CHILDREN'S ILLUSTRATED LITERATURE | ||||||
| 102 CEDAR | ABILENE | TX | 79601 | PC | 2024 OPERATIONS SUPPORT | $42,000 |
| NEW HORIZONS RANCH & CENTER INC | ||||||
| 147 SAYLES BLVD | ABILENE | TX | 79605 | PC | MENTAL HEALTH TREATMENT | $5,000 |
| PHOENIX ICCD CLUBHOUSE INC | ||||||
| PO BOX 2352 | ABIILENE | TX | 79604 | PC | ACCREDITATION TRAINING | $6,000 |
| RESCUE THE ANIMALS | ||||||
| 4620 NORTH FIRST STREET | ABILENE | TX | 79603 | PC | 2023 OPERATING EXPENSES | $30,000 |
| RESTORED HOPE MINISTRIES INC | ||||||
| 4301 BRYAN ST 204 | DALLAS | TX | 75204 | PC | OPERATIONS | $25,000 |
| SALVATION ARMY & ITS COMPONENTS | ||||||
| 1726 BUTTERNUT | ABILENE | TX | 79602 | PC | SHELTER RENOVATIONS AND CAPITAL IMPROVEMENTS | $55,000 |
| SALVATION ARMY & ITS COMPONENTS | ||||||
| 1726 BUTTERNUT | ABILENE | TX | 79602 | PC | 2023 - 2025 OPERATING FUNDS | $25,000 |
| SPECIAL OLYMPICS TEXAS INC | ||||||
| 500 CHESTNUT STREET STE 1821 | ABILENE | TX | 79601 | PC | 2024 SPORTS PROGRAM | $5,000 |
| TEXAS RAMP PROJECT | ||||||
| BOX 832065 | RICHARDSON | TX | 75083 | PC | ABILENE RAMP PROJECT | $10,000 |
| THE ABILENE EDUCATION FUND | ||||||
| PO BOX 1999 | ABILENE | TX | 79604 | PC | 2024-2026 COOL PROGRAM | $135,000 |
| UNITED WAY OF ABILENE | ||||||
| PO BOX 82 | ABILENE | TX | 79604 | PC | IMAGINATION LIBRARY | $10,000 |
| UNITED WAY OF ABILENE | ||||||
| PO BOX 82 | ABILENE | TX | 79604 | PC | 2024 CAMPAIGN | $12,500 |
| WEST TEXAS REHABILITATION CENTER | ||||||
| 4601 HARTFORD | ABILENE | TX | 79605 | PC | GOLF CLASSIC | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $977,625 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ABILENE CHRISTIAN UNIVERSITY | ||||||
| ACU BOX 29100 | ABILENE | TX | 77000 | PC | BAPTIST STUDIES CENTER | $25,000 |
| FOOD BANK OF ABILENE INC | ||||||
| 5505 NORTH 1ST STREET | ABILENE | TX | 79603 | PC | YEAR END NEED | $5,000 |
| FOOD BANK OF ABILENE INC | ||||||
| 5505 NORTH 1ST STREET | ABILENE | TX | 79603 | PC | CAPITAL EXPANSION | $166,000 |
| GRACE MUSEUM | ||||||
| 102 CYPRESS ST | ABILENE | TX | 79601 | PC | 2023 ANNUAL FALL BENEFIT | $5,000 |
| HARDIN-SIMMONS UNIVERSITY | ||||||
| PO BOX 16000 | ABILENE | TX | 79698 | PC | NEWMAN-RICHARDSON SCIENCE CENTER | $250,000 |
| MCMURRY UNIVERSITY | ||||||
| MCM STATION BOX 938 | ABIILENE | TX | 79697 | PC | GARRISON STUDENT CENTER RENOVATION | $400,000 |
| SALVATION ARMY & ITS COMPONENTS | ||||||
| 1726 BUTTERNUT | ABILENE | TX | 79602 | PC | INSPIRING HOPE | $100,000 |
| SALVATION ARMY & ITS COMPONENTS | ||||||
| 1726 BUTTERNUT | ABILENE | TX | 79602 | PC | 2023 - 2025 OPERATING FUNDS | $25,000 |
| TEXAS FAMILY INSTITUTE | ||||||
| 100 CHESTNUT SUITE 101 | ABILENE | TX | 79602 | PC | OPERATIONS | $10,000 |
| UNITED WAY OF ABILENE | ||||||
| PO BOX 82 | ABILENE | TX | 79604 | PC | 2025 CAMPAIGN | $12,500 |
| YOUTH VOICE | ||||||
| 1634 NORTH 1ST STREET | ABIILENE | TX | 79601 | PC | RANDY NICHOLSON STATION FOR YOUTH | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,098,500 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $682,353 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $35,804 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $718,157 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $718,157 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| SINDY S DURHAM | ||||||
| 1 | PO BOX 2791 | ABILENE | TX | 79604 | $178,273 | Yes (X) |
| SHAY S HOFFMAN | ||||||
| 2 | PO BOX 2791 | ABILENE | TX | 79604 | $178,273 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 1.4843% COMMUNITY COMMONS ASSOCIATES, LTD | $178,273 | 2023-08-08 |
| 2 | 1.4843% COMMUNITY COMMONS ASSOCIATES, LTD | $178,273 | 2023-08-08 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EIDE BAILLY LLP | CategoryTxt |
| Amt | $5,325 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,325 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (29 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABORATORIES | $17,184 | $72,737 |
| ABBVIE INC | $18,634 | $120,064 |
| ACCENTURE PLC | $99,804 | $189,631 |
| ADP INC | $28,032 | $190,952 |
| ALPHABET INC | $29,298 | $255,010 |
| APPLE INC | $10,694 | $147,434 |
| CHEVRON CORP | $97,170 | $187,704 |
| CISCO SYSTEMS | $62,600 | $135,404 |
| CME GROUP INC | $53,120 | $196,600 |
| COCA-COLA COMPANY | $46,431 | $101,840 |
| CONOCO-PHILLIPS | $68,800 | $228,760 |
| HARTE HANKS STOCK | $23,116,173 | $2,486,718 |
| HONEYWELL INTL | $99,172 | $138,801 |
| IDEXX LABORATORIES INC | $2,987 | $97,440 |
| JOHNSON & JOHNSON | $62,293 | $153,468 |
| MCDONALDS CORP | $36,979 | $127,420 |
| MEDTRONIC PLC | $75,668 | $78,710 |
| MERCK & COMPANY INC | $34,251 | $123,800 |
| METTLER-TOLEDO INTERNATIONAL INC | $3,369 | $97,831 |
| ORACLE CORP | $89,720 | $353,000 |
| PEPSICO INC | $42,705 | $107,205 |
| PZENA EMERGING MARKETS VALUE | $1,000,000 | $1,137,655 |
| QUALCOMM INC | $68,232 | $258,934 |
| VANGUARD FTSE ALL WORLD EX US SMALL CAP INDEX | $700,000 | $757,764 |
| VANGUARD WINDSOR ADMIRAL | $700,000 | $745,403 |
| VISA INC | $56,271 | $236,223 |
| WABTEC | $99,893 | $410,930 |
| WAL-MART STORES INC | $31,210 | $121,878 |
| WILLIAMS | $138,850 | $280,500 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (13 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ARTISAN INTERNATIONAL FUND | AT COST | $359,856 | $596,905 |
| DODGE & COX STOCK FUND | AT COST | $514,917 | $794,335 |
| ISHARES IBONDS DEC 2025 TERM CORP ETF | AT COST | $500,352 | $502,172 |
| ISHARES IBONDS DEC 2026 TERM CORP ETF | AT COST | $500,823 | $500,220 |
| ISHARES MSCI JAPAN VALUE | AT COST | $386,247 | $445,900 |
| T ROWE PRICE EMERGING MARKETS VALUE STOCK | AT COST | $1,000,000 | $1,080,400 |
| VANGUARD DEVELOPED MARKETS INDEX | AT COST | $761,775 | $1,282,327 |
| VANGUARD EMERGING MARKETS STOCK INDEX | AT COST | $529,961 | $559,378 |
| VANGUARD FTSE EMERGING MARKET | AT COST | $549,910 | $555,752 |
| VANGUARD INTERMEDIATE TERM CORP BOND INEX ADMIRAL CL | AT COST | $1,750,000 | $1,540,199 |
| VANGUARD INTERMEDIATE TERM INVEST GRADE ADMIRAL CL | AT COST | $1,750,000 | $1,493,952 |
| VANGUARD INTL VALUE INVESTOR | AT COST | $1,250,000 | $1,358,510 |
| VANGUARD TOTAL BOND MKT. INDEX | AT COST | $2,332,032 | $2,137,797 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMMUNITY COMMONS PARTNERSHIP | Desc |
| EOY Book Value | $356,546 | EOYBookValueAmt |
| EOYFMV | $356,546 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INSURANCE EXPENSE | $5,532 | $0 | $5,532 |
| OFFICE EXPENSE | $45 | $0 | $45 |
| PROFESSIONAL DUES | $1,062 | $0 | $1,062 |
| GRANT ADMIN | $24,000 | $0 | $24,000 |
| MANAGEMENT FEE | $5,162 | $0 | $5,162 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | AS OF JUNE 30, 2024, THE FOUNDATION OWNED 306,246 SHARES OF HARTE-HANKS, INC., WHICH REPRESENTS 4.23% OF THE OUTSTANDING SHARES OF THE COMPANY. NO SHARES WERE SOLD OR PURCHASED DURING THE YEAR.THE APPRAISAL FIRM OF GEORGE VALUATION ADVISORS APPRAISED THE BLOCKAGE DISCOUNT IN 2011. THEIR APPRAISAL CONCLUDED THAT A 12% BLOCKAGE DISCOUNT SHOULD BE USED. THERE HAVE BEEN NO SIGNIFICANT CHANGES SINCE THE DISCOUNT WAS CALCULATED, INCLUDING NO CHANGE IN OWNERSHIP.UNDER THE INTERNAL REVENUE CODE SECTION 4942, THE MAXIMUM BLOCKAGE DISCOUNT AVAILABLE FOR TAX PURPOSES IS 10%. THEREFORE, A 10% DISCOUNT WAS USED IN DETERMINING THE FAIR MARKET VALUE OF THE HARTE HANKS, INC. STOCK. THE AVERAGE DISCOUNT WAS $215,138. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $6,600 | $0 | $0 |
| PAYROLL TAXES | $10,600 | $1,743 | $8,858 |
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