Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $200,000

• 1f · All other contributions, gifts and grants

  $1,685,261

• 1g · Noncash contributions included above

  $86,006

• 3 · Investment income

  total $36,567 · unrelated business $36,427 · excluded $140

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,349,086 · program services $1,349,086

• 7 · Other salaries and wages

  total $969,344 · program services $742,140 · management and general $227,204

• 9 · Other employee benefits

  total $250,248 · program services $190,121 · management and general $60,127

• 11b · Fees: legal

  total $9,839 · program services $5,419 · management and general $4,420

• 11c · Fees: accounting

  total $4,899 · program services $2,698 · management and general $2,201

• 11g · Fees: other

  total $52,833 · program services $29,099 · management and general $23,734

• 12 · Advertising and promotion

  total $9,696 · program services $7,544 · management and general $2,152

• 13 · Office expenses

  total $45,404 · program services $35,327 · management and general $10,077

• 14 · Information technology

  total $30,428 · program services $23,675 · management and general $6,753

• 17 · Travel

  total $3,237 · program services $2,519 · management and general $718

• 19 · Conferences, conventions and meetings

  total $30,780 · program services $23,949 · management and general $6,831

• 22 · Depreciation, depletion and amortization

  total $1,235 · program services $829 · management and general $406

• 24a · Other expenses: MISCELLANEOUS

  total $166,088 · program services $129,227 · management and general $36,861

• 24b · Other expenses: UBI TAX

  total $149,749 · program services $116,514 · management and general $33,235

• 24c · Other expenses: SPECIAL OCCASIONS

  total $1,746 · program services $1,358 · management and general $388

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,003,824 · end of year $1,229,186

• 3 · Pledges and grants receivable

  beginning of year $854,516 · end of year $209,347

• 9 · Prepaid expenses and deferred charges

  beginning of year $26,036 · end of year $10,224

• 10a · Land, buildings and equipment: cost or other basis

  $4,688,383

• 10b · Land, buildings and equipment: accumulated depreciation

  $28,042

• 10c · Land, buildings and equipment, net

  beginning of year $4,649,045 · end of year $4,660,341

• 12 · Investments: other securities

  beginning of year $171,512,061 · end of year $189,612,107

• 17 · Accounts payable and accrued expenses

  beginning of year $0 · end of year $8,552

• 27 · Net assets without donor restrictions

  beginning of year $176,954,614 · end of year $195,238,420

• 28 · Net assets with donor restrictions

  beginning of year $1,090,868 · end of year $474,233

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION'S PRESIDENT AND SECRETARY ARE EMPLOYED BY SHELTERING ARMS HOSPITAL (SAH). THE FOUNDATION REIMBURSES SAH FOR THE SERVICES PROVIDED BY THE OFFICERS OF THE ORGANIZATION. THE FOUNDATION'S TREASURER IS EMPLOYED BY SHELTERING ARMS INSTITUTE, AN UNRELATED ENTITY, THROUGH A SHARED SERVICES AGREEMENT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SAF LAND HOLDINGS LLC

  HOLD REAL ESTATE · VA · income $0 · assets $4,648,167

  Directly controlled by SHELTERING ARMS FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SAF INVESTMENT HOLDINGS LP

  EXCLUDED · INVESTMENT HOLDINGS · NC · share of income $4,239,480

  Directly controlled by SHELTERING ARMS FOUNDATION