2022-04-14T17:34:51-05:00 2021-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2020-06-01 202532325 SHELTON LANDMARK FOUNDATION SHEL 9727741772 17301 PRESTON ROAD DALLAS TX 75252 GLEN BROWN TREASURER 9727741772 2022-04-13 1 GLEN BROWN XXX-XX-XXXX KEVIN WARNEKE P01294950 2148717500 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES B REEDER 17301 PRESTON ROAD DALLAS TX 75252 8571264 0 X N/A X 2005 TX SEE PART III 8 7 0 7 0 0 7559987 2907125 1283000 1957000 22635588 403991 218029 0 31696604 5268116 0 0 0 0 0 0 0 0 0 2728633 3958045 2728633 3958045 28967971 1310071 113144769 125114396 57305346 67088782 55839423 58025614 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 3922895 1957000 TO SUPPORT THE JUNE SHELTON SCHOOL AND EVALUATION CENTER BYPROVIDING MANAGEMENT AND OVERSIGHT OF THE REAL PROPERTY. SHELTON SCHOOLIS AN INDEPENDENT, NONSECTARIAN, COEDUCATIONAL, NONPROFIT SCHOOLWHOSE PURPOSE IS TO PROVIDE EXCELLENCE IN EDUCATION TO STUDENTS OFAVERAGE TO ABOVE- AVERAGE INTELLIGENCE WITH LEARNING DIFFERENCESFROM PRESCHOOL THROUGH GRADE 12. THE SCHOOL OFFERS A COMPREHENSIVECURRICULUM WITH A STRONG ACADEMIC ORIENTATION AND A NURTURINGFAMILY ATMOSPHERE THAT CONSIDERS THE PHYSICAL, INTELLECTUAL,EMOTIONAL AND SOCIAL GROWTH OF EACH STUDENT. SHELTON SERVES ABOUT 1,010 STUDENTS ANNUALLY. 3922895 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 1 0 0 0 0 0 1 0 0 0 1 0 0 1 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 GLEN BROWN 9727741772 17301 PRESTON ROAD DALLAS TX 75252 GARY L WEBB VICE CHAIRMAN 1.00 2.00 X X 0 0 0 GLEN BROWN TREASURER 1.00 41.00 X X 0 248656 12616 SUZANNE STELL EXECUTIVE DIRECTOR 1.00 41.00 X 0 347926 32379 JOYCE S PICKERING EXECUTIVE DIRECTOR EMERITA 1.00 31.00 X 0 117894 7427 JAMES B REEDER CHAIRMAN 1.00 1.00 X X 0 0 0 ROBERT L WALKER SECRETARY 1.00 1.00 X X 0 0 0 PAUL NEUBACH TRUSTEE 1.00 1.00 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 0 714476 52422 0 0 1 0 LEE LEWIS CONSTRUCTION INC 17177 PRESTON ROAD 160 DALLAS TX 75248 CONSTRUCTION SERVICES 23558806 CACO ARCHITECTS 1412 MAIN STREET 1600 DALLAS TX 75202 ARCHITECTURAL SERVICES 649364 ALLIANCE GEOTECHNICAL GROUP 3228 HALIFAX STREET DALLAS TX 75247 ENGINEERING SERVICES 121735 3 910000 1997125 2907125 RENTAL INCOME 531190 1957000 1957000 1957000 3707139 3303148 403991 403991 403991 5268116 1957000 0 403991 5003 5003 29200 29200 156994 156994 1625701 1624754 947 2141147 2141147 3958045 3922895 35150 0 23906811 25220242 9622697 7076311 152279 0 94950959 2133116 79462982 92817843 113144769 125114396 11949491 3341905 41197771 61097004 4158084 2649873 57305346 67088782 X 21304535 53212478 34534888 4813136 55839423 58025614 113144769 125114396 1310071 876120 0 X X 0 1 X 1 0 X 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 8226850 70051 2383784 14204 10666481 7786349 97060 357160 13719 8226850 7722946 99507 -22926 13178 7786349 7078543 60920 645017 61534 7722946 6697785 57700 814978 491920 7078543 0.74310 0.05150 0.20540 0 1 1 11737674 11737674 83213285 2133116 81080169 92817843 INTEREST RATE SWAP 2649873 2649873 X 6525924 876120 381688 1257808 5268116 0 5268116 4339733 381688 381688 3958045 0 3958045 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 $548,974 AS OF MAY 31, 2021. 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, 2021 AND 2020, 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. 0 0 0 0 0 0 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR 0 292951 0 54975 0 0 0 22800 0 9579 0 380305 0 0 GLEN BROWN TREASURER 0 203656 0 45000 0 0 0 12219 0 397 0 261272 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 B NEWARK CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 263769964 2019-05-07 33500000 BUILDING CONSTRUCTION 0 0 0 A 602857 31350000 219000 31131000 2017 0 0 1 1 B 30625256 223645 30401610 2021 0 0 0 0 A 1 1 1 FROST BANK 10.000000000000 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 ED COPELAND PARTNER AT CACO ARCHITECTURE, LLC 649364 ARCHITECTURAL SERVICES 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE TRUSTEE OF THE ORGANIZATION, ED COPELAND, IS A PARTNER AT CACO ARCHITECTURE, LLC. OPERATIONAL EXPENSES ARE PAID TO THIS ARCHITECTURE FIRM FOR SERVICES PROVIDED. 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 XII, LINE 2C: AUDIT OVERSIGHT BOARD NO CHANGE HAS BEEN MADE TO THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS. THE 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 1 0 0 0 JUNE SHELTON SCHOOL & EVALUATION CENTER C 910000 FAIR MARKET VALUE JUNE SHELTON SCHOOL & EVALUATION CENTER J 1957000 FAIR MARKET VALUE JUNE SHELTON SCHOOL & EVALUATION CENTER O 381688 FAIR MARKET VALUE