Shelor Family Foundation
- Assets
- $1.5m
- Revenue
- $103.1k
- Investments
- $592.7k
- Employees
- 0
- Location
- Floyd, VA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-6480962
Organization Overview
Shelor Family Foundation is located in Floyd, VA. The organization was established in 2014. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelor Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Shelor Family Foundation generated $103.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $93.0k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLE DIRECT CHARITABLE ACTIVITY IS THE OPERATION AND MAINTENANCE OF A DEMONSTRATION FARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight E Shelor Trustee | 7 | $19,200 | |
Patricia Shelor Trustee | 5 | $2,100 | |
Robert Liguori Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $210 |
| Dividends & Interest | $29,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,848 |
| Capital Gain Net Income | $68,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,546 |
| Total Revenue | $103,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,300 |
| Other employee salaries and wages | $13,300 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,698 |
| Depreciation | $0 |
| Occupancy | $9,576 |
| Travel, conferences, and meetings | $4,921 |
| Printing and publications | $0 |
| Other expenses | $6,122 |
| Total operating and administrative expenses | $92,978 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $92,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,695 |
| Savings and temporary cash investments | $145,857 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $619,894 |
| Other assets | $169,880 |
| Total assets | $1,535,032 |
| Accounts payable and accrued expenses | $1,029 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,029 |