Skip to content
Nonprofiteer
← SHEPHERD UNIVERSITY FOUNDATION SUPPORTING ORGANIZATION

Form 990 for tax year 2022

Filed by SHEPHERD UNIVERSITY FOUNDATION SUPPORTING ORGANIZATION.

Totals

Total revenue
$1,874,022
Total expenses
$2,148,722
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,870,242
Investment income
$1,000
Other revenue
$2,780
Total assets, end of year
$18,211,263
Total liabilities, end of year
$21,402,960
Net assets or fund balances, end of year
-$3,191,697
Program services expenses (Part IX)
$2,095,838
Management and general expenses
$52,884
Fundraising expenses
$0
Program service expenses (Part III)
$2,095,838

Program services were 97.5% 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.

  • 2a · Program service revenue: DORMITORY RENTAL INCOME

    total $1,870,242 · related or exempt $1,870,242

  • 3 · Investment income

    total $1,000 · excluded $1,000

  • 11a · Other revenue: VENDING MACHINES

    total $2,780 · excluded $2,780

  • 11e · Other revenue, total

    $2,780

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $99,496 · program services $78,504 · management and general $20,992

  • 8 · Pension plan contributions

    total $5,250 · program services $3,969 · management and general $1,281

  • 9 · Other employee benefits

    total $6,919 · program services $1,993 · management and general $4,926

  • 10 · Payroll taxes

    total $7,157 · program services $5,647 · management and general $1,510

  • 11c · Fees: accounting

    total $17,700 · management and general $17,700

  • 11g · Fees: other

    total $13,944 · program services $13,919 · management and general $25

  • 13 · Office expenses

    total $13,186 · program services $7,704 · management and general $5,482

  • 14 · Information technology

    total $3,463 · program services $2,495 · management and general $968

  • 16 · Occupancy

    total $1,440,685 · program services $1,440,685

  • 22 · Depreciation, depletion and amortization

    total $523,096 · program services $523,096

  • 23 · Insurance

    total $8,360 · program services $8,360

  • 24a · Other expenses: EQUIPMENT REPAIRS

    total $6,885 · program services $6,885

  • 24b · Other expenses: STUDENT ACTIVITES

    total $1,760 · program services $1,760

  • 24c · Other expenses: MISCELLANEOUS

    total $821 · program services $821

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,040,014 · end of year $960,072

  • 4 · Accounts receivable

    beginning of year $33,618 · end of year $50,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,842 · end of year $23,873

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

    $21,153,032

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

    $3,980,127

  • 10c · Land, buildings and equipment, net

    beginning of year $17,630,731 · end of year $17,172,905

  • 15 · Other assets

    beginning of year $4,507 · end of year $3,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,638 · end of year $18,086

  • 23 · Secured mortgages and notes payable

    beginning of year $20,922,819 · end of year $20,830,194

  • 25 · Other liabilities

    beginning of year $682,252 · end of year $554,680

  • 27 · Net assets without donor restrictions

    beginning of year -$2,916,997 · end of year -$3,191,697

Mission and programs · 2022

Mission

THE ORGANIZATION IS INTENDED TO BE A TYPE I SUPPORTING ORGANIZATION FOR THE BENEFIT OF, AND CONTROLLED BY, SHEPHERD UNIVERSITY FOUNDATION, INC. WHICH IS A PUBLICLY SUPPORTED ORGANIZATION. THE SPECIFIC OBJECTIVES ARE TO SOLICIT, COLLECT, AND OTHERWISE RAISE MONEY, TO EXPEND, DISBURSE, AND DISPOSE OF THE SAME, AND TO DO ANY AND ALL THINGS NECESSARY OR INCIDENTAL FOR THE PURPOSE OF ACCOMPLISHING THE PURPOSES AND MISSION OF SHEPHERD UNIVERSITY FOUNDATION, INC.

  • SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, SHEPHERD UNIVERSITY FOUNDATION, INC.

    Expenses $2,095,838 · Revenue $1,870,242

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHERRI JANELLE

    EXEC VICE PR

    Total calculated
    $0
    Hours/week
    0.2 + 40 related

  • JAMES TAYLOR

    FORMER EXEC

    Total calculated
    $29,547
    From this org
    $0
    From related orgs
    $9,808
    Other
    $19,739
    Hours/week
    0.2 + 40 related

  • MONICA W LINGENFELTER

    FORMER EXEC

    Total calculated
    $218,909
    From this org
    $0
    From related orgs
    $210,351
    Other
    $8,558
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $160,351 related
    Bonus
    not reported + $50,000 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $8,558 related
    Filer's total
    not reported + $218,909 related

  • CHRISTOPHER S COLBERT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • D BENJAMIN DEUELL

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • KARL L WOLF

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • AUSTIN SLATER JR

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • ROBERT JENSENIUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • DR JASON BEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • TAMMY GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202430949349301643

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

The source document this was parsed from is served over the API, which is where bulk and document access live.