Shelton Family Foundation
- Assets
- $40.7m
- Revenue
- $1.1m
- Investments
- $39.1m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 08/1996
- Data as of
- 06/2024
- EIN
- 75-2655885
Organization Overview
Shelton Family Foundation is located in Abilene, TX. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelton 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 06/2024, Shelton Family Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Shelton Family Foundation has awarded 518 individual grants totaling $10,396,449. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Copeland Pres/treas/dir | 30 | $97,763 | |
Shay Shelton Hoffman Director | 3 | $0 | |
Sindy Shelton Durham Director | 3 | $0 | |
C Christine Nichols Director | 3 | $0 | |
Wendy H Durham Director | 3 | $0 | |
Andrew D Durham Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $356,546 |
| Interest on Savings | $0 |
| Dividends & Interest | $682,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,804 |
| Capital Gain Net Income | $35,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,074,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,763 |
| Other employee salaries and wages | $48,024 |
| Pension plans, employee benefits | $19,107 |
| Interest | $0 |
| Taxes | $17,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,801 |
| Total operating and administrative expenses | $223,220 |
| Contributions, gifts, grants paid | $977,625 |
| Total expenses and disbursements | $1,200,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,283,455 |
| 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 | $12,185,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $356,546 |
| Total assets | $40,715,414 |
| Accounts payable and accrued expenses | $219 |
| 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 | $219 |
Grants Awarded
Over the last fiscal year, Shelton Family Foundation has awarded $2,076,125 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE ARTS ALLIANCE PURPOSE: ENDOWMENT | $5,000 |
ABILENE ARTS ALLIANCE PURPOSE: CHILDREN'S PERFORMING ARTS SERIES | $3,000 |
ABILENE ARTS ALLIANCE PURPOSE: YOUNG AUDIENCES FINE ART SUMMER CAMP | $4,000 |
ABILENE CHRISTIAN UNIVERSITY PURPOSE: BAPTIST STUDIES CENTER | $25,000 |
ABILENE HOPE HAVEN INC PURPOSE: BRIDGE 2 HOME OPERATIONAL SUPPORT | $50,000 |
ALL KIND ANIMAL INITATIVE PURPOSE: PET ADOPTION AND RESOURCE CENTER -CAPITAL PROJECT | $25,000 |