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Nonprofiteer
← SHALLOW FORD FOUNDATION INC

Form 990 for tax year 2022

Filed by SHALLOW FORD FOUNDATION INC.

Totals

Total revenue
$1,405,261
Total expenses
$865,802
Contributions and grants received
$786,136
Grants paid
$406,282
Program service revenue
$0
Investment income
$618,650
Other revenue
$475
Total assets, end of year
$16,204,086
Total liabilities, end of year
$11,483
Net assets or fund balances, end of year
$16,192,603
Program services expenses (Part IX)
$769,154
Management and general expenses
$73,221
Fundraising expenses
$23,427
Program service expenses (Part III)
$769,154

Program services were 88.8% 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.

  • 1f · All other contributions, gifts and grants

    $786,136

  • 1g · Noncash contributions included above

    $204,057

  • 3 · Investment income

    total $698,594 · excluded $698,594

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

    securities $79,944

  • 7c · Gain or loss

    securities -$79,944

  • 7d · Net gain or loss

    total -$79,944 · related or exempt -$79,944

  • 11a · Other revenue: OTHER INCOME

    total $475 · related or exempt $475

  • 11e · Other revenue, total

    $475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $406,282 · program services $406,282

  • 7 · Other salaries and wages

    total $260,282 · program services $216,034 · management and general $31,234 · fundraising $13,014

  • 9 · Other employee benefits

    total $7,265 · program services $6,030 · management and general $872 · fundraising $363

  • 10 · Payroll taxes

    total $19,933 · program services $16,544 · management and general $2,392 · fundraising $997

  • 11c · Fees: accounting

    total $6,200 · management and general $6,200

  • 11f · Fees: investment management

    total $68,845 · program services $68,845

  • 12 · Advertising and promotion

    total $2,212 · program services $1,769 · management and general $332 · fundraising $111

  • 13 · Office expenses

    total $7,306 · program services $6,019 · management and general $921 · fundraising $366

  • 14 · Information technology

    total $4,110 · program services $3,411 · management and general $493 · fundraising $206

  • 16 · Occupancy

    total $15,300 · program services $12,699 · management and general $1,836 · fundraising $765

  • 17 · Travel

    total $2,471 · program services $1,892 · management and general $465 · fundraising $114

  • 22 · Depreciation, depletion and amortization

    total $1,226 · management and general $1,226

  • 23 · Insurance

    total $3,076 · program services $1,814 · management and general $1,164 · fundraising $98

  • 24a · Other expenses: SOFTWARE

    total $20,008 · program services $5,055 · management and general $14,648 · fundraising $305

  • 24b · Other expenses: CONTRACT SERVICES

    total $9,354 · program services $965 · management and general $8,389

  • 24c · Other expenses: PROGRAM & INITIATIVES

    total $6,978 · program services $6,978

  • 24d · Other expenses: DEVELOPMENT EXPENSE

    total $5,560 · fundraising $5,560

  • 24e · All other expenses

    total $19,394 · program services $14,817 · management and general $3,049 · fundraising $1,528

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $292,279 · end of year $432,033

  • 2 · Savings and temporary cash investments

    beginning of year $552,049 · end of year $26,771

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

    $6,132

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

    $3,919

  • 10c · Land, buildings and equipment, net

    beginning of year $3,439 · end of year $2,213

  • 11 · Investments: publicly traded securities

    beginning of year $14,148,925 · end of year $15,743,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,289 · end of year $11,483

  • 27 · Net assets without donor restrictions

    beginning of year $14,982,403 · end of year $16,192,603

Mission and programs · 2022

Mission

TO UNLOCK THE FULL PHILANTHROPIC POTENTIAL OF OUR COMMUNITIES OF CLEMMONS, LEWISVILLE, AND YADKIN COUNTY. TO ADDRESS NEEDS AND INTERESTS WITH CHARITABLE RESOURCES TOWARD TRANSFORMATIONAL SOLUTIONS.

  • CONNECTED PHILANTHROPIC INDIVIDUALS AND RESOURCES WITH COMMUNITY NEEDS THROUGH COMMUNITY-ENGAGED GRANTMAKING AND SCHOLARSHIP AWARDS. INITIATED AND SUPPORTED PROGRAMS WHERE NEEDS IDENTIFIED. SUPPORTED DONOR ADVISORS WITH COMMUNITY RESEARCH AND GRANT RECOMMENDTION GUIDANCE. GRANT AND SCHOLARSHIP FOLLOWUP.

    Expenses $717,479 · Grants $381,951

  • CO-LED WITH SCHOOL-BASED MENTORS, AND COORDINATED A 4-YEAR CAREER AND POSTSECONDARY EDUCATION ACCESS PROGRAM FOR 11TH AND 12TH GRADE STUDENTS.

    Expenses $51,675 · Grants $24,331

As filed on the 2022 return.

Listed in Part VII

  • SANDI SCANNELLI

    CEO

    Total calculated
    $132,883
    From this org
    $129,013
    From related orgs
    $0
    Other
    $3,870
    Hours/week
    60

  • TIM W BELL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • EMMY CORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY GRAY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HOLLY GROCE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KIM HENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HINSHAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRETT HOGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SIPPRELL JR

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM LAWLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY MAYHEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN PAUL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN PUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA VERNON

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RONNIE LEE WILLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343129349301204

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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