2017-04-18T16:45:05-05:00 2016-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2015-06-01 202131507 JUNE F SHELTON LEGACY FOUNDATION JUNE 9727741772 15720 HILLCREST ROAD DALLAS TX 75248 GLEN BROWN TREASURER 9727741772 2017-04-11 1 TANI T VO P01430492 2148717500 2015 2021-01-29 14:40:06Z WILLIAM C WARD 15720 HILLCREST ROAD DALLAS TX 75248 1421326 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. 10 8 0 8 0 0 277916 144358 0 0 315816 283915 0 0 593732 428273 1130 0 0 0 33982 22387 0 0 0 67840 109771 102952 132158 490780 296115 6908370 6722727 33982 24942 6874388 6697785 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 JUNE F. SHELTON LEGACY FOUNDATION PROVIDES FINANCIAL SUPPORT FORJUNE SHELTON SCHOOL AND EVALUATION CENTER. THE SCHOOL IS ANINDEPENDENT, NONSECTARIAN, COEDUCATIONAL, NONPROFIT SCHOOL WHOSEPURPOSE 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 SOME880 STUDENTS ANNUALLY. GRADUATES HAVE AN 74% SUCCESS RECORD OFENTERING A 4-YEAR COLLEGE. 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 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 X 10 8 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 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 1.00 41.00 X X 0 234028 7264 GLEN BROWN TREASURER 1.00 41.00 X X 0 172011 399 JOYCE PICKERING EMERITA DIRECTOR, SCHOOL 1.00 41.00 X 0 109326 2171 WILLIAM C WARD CHAIRMAN 5.00 0.00 X X 0 0 0 GARY L WEBB VICE CHAIRMAN 1.00 2.00 X X 0 0 0 SUSAN JARZEMSKY TRUSTEE 1.00 1.00 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 0.00 X 0 0 0 ROBERT L WALKER SECRETARY 1.00 1.00 X X 0 0 0 0 515365 9834 0 0 1 0 0 80000 64358 10218 144358 123076 123076 1153892 993053 160839 160839 160839 428273 0 0 283915 5493 5493 15342 15342 1552 1552 1500 1500 3300 3300 28736 28736 430 430 UNCOLLECTIBLE PLEDGES 75000 75000 MISCELLANEOUS EXPENSE 805 805 132158 0 132158 0 391011 196125 644733 324515 3000 200000 5869626 6002087 6908370 6722727 33982 24942 33982 24942 X 3803649 3932405 2770739 2465380 300000 300000 6874388 6697785 6908370 6722727 296115 -472718 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 6874388 144358 -188803 132158 6697785 6442451 277916 256973 1130 101822 6874388 5747159 284827 488159 77694 6442451 3494491 951157 604609 178725 92901 4778631 3423653 274060 1995 163999 41218 3494491 0.58710 0.04480 0.36810 0 0 0 X -73181 -472718 -472718 399537 28736 28736 428273 103422 0 103422 28736 28736 132158 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, 2016. THE BEGINNING OF YEAR BALANCE FOR COLUMN (C) PRIOR YEAR INCORPORATES PRIOR PERIOD ADJUSTMENTS TOTALING $968,528 RECORDED IN THE AUDITED GAAP FINANCIAL STATEMENTS IN RELATION TO THE CHANGE IN ACCOUNTING METHOD FROM MODIFIED CASH BASIS TO ACCRUAL METHOD OF ACCOUNTING AND PROPER REALLOCATION OF FIXED ASSETS AMONG RELATED ENTITIES FOR PRESENTATIONAL PURPOSES. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE FOLLOWING IS THE TEXT FROM THE FOOTNOTES OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE 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, 2016 AND 2015, 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 UNITED STATES INTERNAL REVENUE SERVICE 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. AS A RESULT, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2013. X X X X 0 0 0 0 0 0 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 0 206879 0 25000 0 2149 0 1792 0 5472 0 241292 0 0 GLEN BROWN TREASURER 0 157011 0 15000 0 0 0 0 0 399 0 172410 0 0 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. FORM 990, PART VI, SECTION B, LINE 11 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 SCHOOL 0 THE LANDMARK FOUNDATION 15720 HILLCREST ROAD DALLAS TX 75248 202532325 SUPPORT TX 501(C)(3) LINE 11A, I SCHOOL 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NA