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← JD SHETH FOUNDATION INC

Form 990 for tax year 2024

Filed by JD SHETH FOUNDATION INC.

Totals

Total revenue
$246,418
Total expenses
$460,781
Contributions and grants received
$240,299
Grants paid
$52,700
Program service revenue
$0
Investment income
$23,737
Other revenue
-$17,618
Total assets, end of year
$605,398
Total liabilities, end of year
$1,878
Net assets or fund balances, end of year
$603,520
Program services expenses (Part IX)
$399,651
Management and general expenses
$56,161
Fundraising expenses
$4,969
Program service expenses (Part III)
$399,651

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $48,501

  • 1f · All other contributions, gifts and grants

    $191,798

  • 1g · Noncash contributions included above

    $65,902

  • 3 · Investment income

    total $17,998 · related or exempt $17,998

  • 7a · Gross sales of assets other than inventory

    securities $56,676

  • 7b · Less cost or other basis and sales expenses

    securities $50,937

  • 7c · Gain or loss

    securities $5,739

  • 7d · Net gain or loss

    total $5,739 · related or exempt $5,739

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $48,501

  • 8b · Fundraising events: direct expenses

    $17,618

  • 8c · Net income from fundraising events

    total -$17,618 · excluded -$17,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,700 · program services $52,700

  • 5 · Compensation of officers, directors and key employees

    total $49,687 · program services $14,906 · management and general $29,812 · fundraising $4,969

  • 10 · Payroll taxes

    total $3,801 · management and general $3,801

  • 12 · Advertising and promotion

    total $1,589 · management and general $1,589

  • 13 · Office expenses

    total $8,256 · management and general $8,256

  • 14 · Information technology

    total $2,440 · management and general $2,440

  • 16 · Occupancy

    total $7,559 · management and general $7,559

  • 23 · Insurance

    total $2,704 · management and general $2,704

  • 24a · Other expenses: PROJECT EXPENSES

    total $332,045 · program services $332,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $806,500 · end of year $148,541

  • 2 · Savings and temporary cash investments

    end of year $456,857

  • 4 · Accounts receivable

    beginning of year $11,383

  • 17 · Accounts payable and accrued expenses

    end of year $1,878

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $817,883 · end of year $603,520

Mission and programs · 2024

Mission

THE JD SHETH FOUNDATION IS A PROJECT TO PROJECT BASED ORGANIZATION FOCUSING ON THE EDUCATION, HEALTH, AND WELL BEING OF OTHERS, SPECIFICALLY CHILDREN AND THE ELDERLY, HERE IN THE UNITED STATES AND ACROSS THE GLOBE.

  • JD SHETH FOUNDATION'S WEATHERIZATION ENHANCEMENT PROGRAMTHANKS TO A 2023 GRANT FROM THE CITY OF EVANSVILLE, JD SHETH FOUNDATION PARTNERED WITH CENTERPOINT ENERGY TO ENHANCE THEIR CURRENT NEIGHBORHOOD WEATHERIZATION PROGRAM FOR LOW-INCOME HOMEOWNERS WITHIN THE CITY OF EVANSVILLE. THIS ENHANCEMENT ALLOWS JD SHETH TO REMOVE BARRIERS SO THAT WEATHERIZATION CAN OCCUR. IN 2024, WE COMPLETED 77 REPAIRS/UPGRADES FOR 45 HOUSEHOLDS.

    Expenses $244,909

  • JD SHETH FOUNDATION'S BEAUTIFY THE BLOCK PROJECTBEAUTIFY THE BLOCK IS A JD SHETH INITIATIVE TO REVITALIZE THE CITY BLOCKS IN WHICH WE BUILD HOMES AS PART OF OUR AFFORDABLE HOUSING FOR ALL PROGRAM. JD SHETH COMPLETED INFRASTRUCTURE UPGRADES TO TWO OWNER-OCCUPIED HOMES ON THE BLOCK OF OUR RECENT HOME OF THE BRAVE PROJECT. THE UPGRADES INCLUDED THE REPLACEMENT OR REPAIR OF SIDING, ROOFING, FRONT DOORS, WINDOWS, RAILINGS, AND LANDSCAPING.

    Expenses $38,145

  • BOYS & GIRLS CLUB OF EVANSVILLEJD SHETH PARTNERED WITH THE BOYS & GIRLS CLUB OF EVANSVILLE TO FUND AN ADDITION TO THEIR CURRENT PLAYGROUND, MAKING IT AN INCLUSIVE SENSORY PLAYGROUND FOR CHILDREN. THE NEW EQUIPMENT INCLUDES MUSIC PANELS, CLIMBING DOMES, AND VARYING HEIGHT CLIMBERS THAT ARE DESIGNED FOR CHILDREN OF ALL ABILITIES.

    Expenses $39,467

  • OTHER MISC GRANTS GIVEN IN 2023. DETAILS ARE LISTED ON SCHEDULE I.

    Expenses $77,130 · Grants $52,700

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rachel Nickens

    GENERAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.4

  • David Parker

    INTERIM TREASURER

    Total calculated
    $0
    Hours/week
    0.65

  • Jeff Duncan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.4

  • Brian Ferguson

    EVENT COORDINATOR

    Total calculated
    $0
    Hours/week
    1

  • Niti Moore

    GENERAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Jaimie Sheth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    37

  • Shawnetta Compton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • HAND IN HAND MINISTRIES

    $19,200

    JD SHETH TOOK A TEAM OF 14 VOLUNTEERS TO BUILD A HOUSE FOR AN INDIVIDUAL IN NEED IN BELIZE CITY, BELIZE.

  • EVSC FOUNDATION

    $10,000

    JD SHETH ADOPTED GLENWOOD LEADERSHIP ACADEMY IN 2023 AND COMMITTED TO CONTRIBUTING $10,000 OF INFRASTRUCTURE UPGRADES ANNUALLY TO MODERNIZE THE SCHOOL. OUR 2024 UPGRADES INCLUDED PAINTING THE FRONT OFFICE AND A DOOR WRAP FOR THE FRONT ENTRANCE.

  • ECHO HOUSING & COMMUNITY DEVELOPMENT

    $10,000

    JD SHETH SUPPORTED ECHO AS THEY FINISHED THE CONSTRUCTION ON THEIR PROMISE HOME IN JACOBSVILLE. OUR SUPPORT HELPED FUND THE PURCHASE OF THE BUILDING'S SECURITY SYSTEM, INCLUDING CAMERAS, LIGHTING, AND DOOR ACCESS.

  • HENDERSON LEADERSHIP INITIATIVE

    $7,000

    JD SHETH FUNDED THE INSTALLATION OF A MYKY.INFO KIOSK AT HENDERSON COMMUNITY COLLEGE IN PARTNERSHIP WITH THE HENDERSON LEADERSHIP INITIATIVE. THE KIOSK HOSTS MYKY.INFO, AN OPTIMIZED WEBSITE THAT CONSOLIDATES FREE SERVICES THROUGHOUT HENDERSON COUNTY AND THE COMMONWEALTH OF KENTUCKY. THE KIOSKS ACT AS CENTRALIZED POINTS FOR ACCESSING JOB LISTINGS, EDUCATIONAL MATERIALS, ACTIVITIES, SUPPORT GROUPS, AND BASIC NECESSITIES LIKE HOUSING, FOOD, AND HEALTHCARE.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202501349349306590

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