2020-04-14T10:02:32-05:00 2019-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2018-06-01 202131507 JUNE F SHELTON LEGACY FOUNDATION JUNE 9727741772 15720 HILLCREST ROAD DALLAS TX 75248 GLEN BROWN TREASURER 9727741772 2020-04-09 1 KEVIN WARNEKE CPA P01294950 2148717500 47.184.147.6 2020-04-09 11:53:37 CD P 4E957E137C0DA7269A9962E60BC4734AB919DB11 43D59C4C95845C22EF2A67E7EAE6ACBEFA77DDD9 2018 2021-01-29 14:40:06Z GARY L WEBB 15720 HILLCREST ROAD DALLAS TX 75248 938445 0 X N/A X 2004 TX TO SUPPORT THE JUNE SHELTON SCHOOL AND EVALUATION CENTER BY MANAGING, HOLDING AND INVESTING AN ENDOWMENT FUND FOR THE BENEFIT OF THE SCHOOL. 8 7 0 8 0 0 60920 99507 0 0 403136 643856 0 0 464056 743363 0 0 0 0 9204 0 0 0 0 52330 50899 61534 50899 402522 692464 7733868 7789322 10922 3000 7722946 7786322 X THE JUNE F. SHELTON LEGACY FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE JUNE SHELTON SCHOOL AND EVALUATION CENTER. IT SHALL SUPPORT THE SCHOOL BY SOLICITING, RECEIVING, HOLDING, INVESTING, AND MANAGING GIFTS, CONTRIBUTIONS AND BEQUESTS, WHICH ARE INTENDED TO BENEFIT THE LONG-TERM GOALS, PURPOSES AND OBJECTIVES OF SHELTON SCHOOL, AND BY HOLDING, MANAGING AND INVESTING AN ENDOWMENT FUND FOR THE BENEFIT OF THE SCHOOL. 0 0 0 0 0 JUNE F. SHELTON LEGACY FOUNDATION PROVIDES FINANCIAL SUPPORT FOR JUNE SHELTON SCHOOL AND EVALUATION CENTER. THE SCHOOL IS AN INDEPENDENT, NONSECTARIAN, COEDUCATIONAL, NONPROFIT SCHOOL WHOSE PURPOSE IS TO PROVIDE EXCELLENCE IN EDUCATION TO STUDENTS OF AVERAGE 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 900 STUDENTS ANNUALLY. 1 1 0 0 0 0 0 0 0 1 0 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 X 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 0 0 X GLEN BROWN 9727741772 15720 HILLCREST ROAD DALLAS TX 75248 SUSAN JARZEMSKY TRUSTEE 1.00 0.00 X 0 0 0 BENTON MARKEY TRUSTEE 1.00 1.00 X 0 0 0 CYNTHIA WILSON KRAUSE TRUSTEE 1.00 0.00 X 0 0 0 KRISTY ROBINSON TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP WIGGINS TRUSTEE 1.00 1.00 X 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 1.00 41.00 X X 0 274533 38459 GLEN BROWN TREASURER 1.00 41.00 X X 0 210624 10219 JOYCE PICKERING EMERITA EXECUTIVE DIRECTOR 1.00 41.00 X 0 147237 6866 WILLIAM C WARD CHAIRMAN 1.00 0.00 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 0 632394 55544 0 0 1 0 0 40000 59507 99507 131285 131285 707653 195082 512571 512571 512571 743363 0 0 643856 12500 12500 37695 37695 704 704 50899 0 50899 0 98921 199299 12000 0 50000 40000 7572947 7550023 7733868 7789322 10922 3000 10922 3000 X 5189161 5165799 2233785 2320523 300000 300000 7722946 7786322 7733868 7789322 692464 -629088 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 7722946 99507 -22926 13178 7786349 7078543 60920 645017 61534 7722946 6697785 57700 814978 491920 7078543 6874388 144358 -188803 132158 6697785 6442451 277916 256973 1130 101822 6874388 0.66350 0.03850 0.29800 0 0 0 X 106906 -629088 30325 -598763 705669 37694 37694 743363 43530 30325 30325 13205 37694 37694 50899 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 $300,000 AS OF MAY 31, 2019. PART X, LINE 2: FIN 48 (ASC 740) 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, 2019 AND 2018, 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 XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND SERVICES 30,325. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND SERVICES 30,325. 0 0 0 0 0 0 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 0 249533 0 25000 0 0 0 17454 0 21005 0 312992 0 0 GLEN BROWN TREASURER 0 185624 0 25000 0 0 0 9756 0 463 0 220843 0 0 JOYCE PICKERING EMERITA EXECUTIVE DIRECTOR 0 122237 0 25000 0 0 0 6413 0 453 0 154103 0 0 PART I, LINE 3 RELATED ORGANIZATION COMPENSATION REVIEW JUNE F. SHELTON LEGACY FOUNDATION DOES NOT HAVE ANY EMPLOYEES 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 ORGANZATION'S CEO/EXECUTIVE DIRECTOR COMPENSATION. A ARLINGTON HIGHER EDUCATION FINANCE CORPORATION 273906171 2017-10-25 31350000 PROPERTY PURCHASE BY LANDMARK FOUNDATION, A RELATED ORGANIZATION 0 0 0 B NEWARK CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 263769964 2019-05-07 33500000 BUILDING CONSTRUCTION BY LANDMARK FOUNDATION, A RELATED ORGANIZATION 0 0 0 A 31350000 219000 31131000 2017 0 0 1 1 B 223645 223645 0 0 0 0 A 1 1 1 FROST BANK 10.000000000000 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 LIABILITIES REPORTED BY RELATED PARTY SHELTON LANDMARK FOUNDATION ("LANDMARK") REPORTS $31,573,645 OF LONG TERM DEBT AS THE RESULT OF THE BOND ISSUANCE. LANDMARK, A RELATED ORGANIZATION REPORTED ON SCHEDULE R, WAS FORMED BY JUNE SHELTON SCHOOL & EVALUATION CENTER, A RELATED PARTY REPORTED ON SCHEDULE R, IN FEBRUARY 2, 2005, PRIMARILY TO SUPPORT AND BENEFIT THE SCHOOL BY SOLICITING, RECEIVING, AND HOLDING REAL PROPERTY TO BENEFIT THE LONG-TERM GOALS, PURPOSES AND OBJECTIVES OF THE SCHOOL. ALL OF THE SCHOOL'S LAND, LAND IMPROVEMENTS, BUILDINGS AND THE MAJORITY OF BUILDING IMPROVEMENTS ARE HELD BY THE LANDMARK FOUNDATION. FORM 990, PART V, LINE 2 EMPLOYEES THE FOUNDATION DOES NOT HAVE EMPLOYEES, BUT IT REIMBURSES JUNE SHELTON SCHOOL AND EVALUATION CENTER, A RELATED ORGANIZATION, FOR THE SHARING OF THE SCHOOL'S PAID EMPLOYEES AS MATERIALLY INCURRED. 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 FORMS ARE COMPLETED AND REVIEWED EACH YEAR. ANY CONFLICTS ARE REVIEWED AND THAT DIRECTOR IS ASKED TO REFRAIN FROM VOTING ON ANY ISSUE AFFECTED BY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A DETERMINATION OF COMPENSATION THE JUNE F. SHELTON LEGACY 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 AVAILABILTY 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. JUNE SHELTON SCHOOL & EVALUATION CENTER 15720 HILLCREST ROAD DALLAS TX 75248 751507280 SCHOOL TX 501(C)(3) LINE 2 N/A 0 THE LANDMARK FOUNDATION 15720 HILLCREST ROAD DALLAS TX 75248 202532325 SUPPORT TX 501(C)(3) LINE 12A, I SCHOOL 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0