Civic Intelligence

The Good Shepherd Fund

990 • Fiscal year 2024 • EIN 23-7093399

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 22, 2025

10439 S 51st Street Ste 225Phoenix, AZ 85044

(480) 387-9875

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.03x

Higher debt load relative to assets than 43% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.07x

Higher debt load relative to revenue than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.7%

Higher net margin than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$239,788

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

49th percentile

3.9%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,431,579

Up $165,443 (+3.9%) from 2023

Net Assets

Up

$4,277,737

Up $205,519 (+5.0%) from 2023

Liabilities

Down

$153,842

Down $40,076 (-21%) from 2023

Revenue

Down

$2,231,626

Down $316,247 (-12%) from 2023

Expenses

Down

$2,170,949

Down $672,855 (-24%) from 2023

Net Income

Up

$60,677

Up $356,608 (+121%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2014: $30,120,551Liabilities 2014: $20,173,828Net Assets 2014: $9,946,7232014Assets 2015: $30,458,269Liabilities 2015: $20,008,303Net Assets 2015: $10,449,9662015Assets 2016: $30,906,449Liabilities 2016: $21,163,535Net Assets 2016: $9,742,9142016Assets 2017: $32,386,932Liabilities 2017: $22,240,118Net Assets 2017: $10,146,8142017Assets 2018: $31,994,553Liabilities 2018: $23,128,472Net Assets 2018: $8,866,0812018Assets 2020: $5,666,558Liabilities 2020: $2,450,595Net Assets 2020: $3,215,9632020Assets 2021: $6,406,553Liabilities 2021: $2,854,785Net Assets 2021: $3,551,7682021Assets 2022: $4,671,075Liabilities 2022: $237,373Net Assets 2022: $4,433,7022022Assets 2023: $4,266,136Liabilities 2023: $193,918Net Assets 2023: $4,072,2182023Assets 2024: $4,431,579Liabilities 2024: $153,842Net Assets 2024: $4,277,7372024

Highlighted filing

2024

Assets$4,431,579
Liabilities$153,842
Net Assets$4,277,737

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $1,828,745Expenses 2014: $1,370,526Net Income 2014: $458,2192014Revenue 2015: $1,507,480Expenses 2015: $1,874,981Net Income 2015: -$367,5012015Revenue 2016: $2,005,950Expenses 2016: $1,884,275Net Income 2016: $121,6752016Revenue 2017: $1,823,948Expenses 2017: $2,240,712Net Income 2017: -$416,7642017Revenue 2018: $1,471,331Expenses 2018: $2,593,550Net Income 2018: -$1,122,2192018Revenue 2020: $1,441,883Expenses 2020: $2,810,120Net Income 2020: -$1,368,2372020Revenue 2021: $2,247,954Expenses 2021: $1,715,344Net Income 2021: $532,6102021Revenue 2022: $2,802,584Expenses 2022: $1,869,696Net Income 2022: $932,8882022Revenue 2023: $2,547,873Expenses 2023: $2,843,804Net Income 2023: -$295,9312023Revenue 2024: $2,231,626Expenses 2024: $2,170,949Net Income 2024: $60,6772024

Highlighted filing

2024

Revenue$2,231,626
Expenses$2,170,949
Net Income$60,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$3,170,410
Mission and Program Overview

Mission

To provide compassionate support to people with developmental disabilities and related disabilities, and their families.

Conservatorship, guardianship, and trusteeship services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,350,315$2,333,280▼ $17,035
Accounts Receivable$1,133,494$1,442,527▲ $309,033
Cash and Non-Interest-Bearing Accounts$510,937$171,662▼ $339,275
Intangible Assets$203,525$159,119▼ $44,406
Prepaid Expenses and Deferred Charges$22,865$17,798▼ $5,067
Total Assets$4,266,136$4,431,579▲ $165,443
Other Assets Total$45,000$307,193▲ $262,193
Liabilities
Accounts Payable and Accrued Expenses$146,478$106,402▼ $40,076
Other Liabilities$47,440$47,440→ $0
Total Liabilities$193,918$153,842▼ $40,076
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,170,221$2,694,239▲ $524,018
Net Assets Without Donor Restrictions$1,901,997$1,583,498▼ $318,499
Total Net Assets Fund Balance$4,072,218$4,277,737▲ $205,519
Total Liabilities and Net Assets / Fund Balance$4,266,136$4,431,579▲ $165,443

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$11,419--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,426,673$147,437▲ $160,472-$1,710,449
2023$1,315,486-▲ $124,711-$1,426,673
2022$1,272,693-▲ $56,268-$1,315,486
2021$1,411,785-▲ $68,893-$1,272,693
2020$1,519,694-▲ $102,305-$1,411,785
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Gau XiangVP of AumPT$121,022$121,022
Leah M FergusonSenior VP/controllerPT$120,680$120,680
Vanessa MerinoDirctor of Care ServicesPT$113,879$113,879
Stephanie F JohnsonVP of Clinical OpsPT$110,480$110,480

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$196,412
Program Service Revenue
$1,655,342
Investment Income
$378,270
Other Revenue
$1,602
All Other Contributions
$196,412
Change in Net Assets
$60,677

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,231,626
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$144,842
Total Revenue per Audited Statements
$2,376,468
Total Revenue per Form 990
$2,231,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,170,949
Total Fundraising Expense$134,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$676,884$42,305$126,916$846,105
Fees for Services Other$804,769$20,681-$825,450
Fees for Services Accounting-$93,760-$93,760
Travel$61,950$3,400$53$65,403
Depreciation Depletion-$44,406-$44,406
Insurance-$40,393-$40,393
Office Expenses$1,844$33,123$346$35,313
Fees for Services Legal$13,850$19,103-$32,953
Fees for Service Investment Mgmnt Fees-$19,803-$19,803
Occupancy$12,000--$12,000
Information Technology$5,570$309$926$6,805
Advertising--$5,742$5,742
All Other Expenses$1,563$1,019$128$2,710
Other Expenses$1,321--$1,321
Total Functional Expenses$1,718,536$318,302$134,111$2,170,949

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,170,949
Total Expenses per Audited Statements$2,170,949
Total Expenses per Form 990$2,170,949
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$47,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed for completeness and accuracy by the board of directors. Approval of the form 990 is documented in the minutes.

Form 990, Part VI, Section B, Line 12C

Each employee and director completes a disclosure statement annually and updates it if changes occur. Disclosure statements are filed with the president who brings potential conflicts to the attention to the board of trustees. The board of trustees determines whether a conflict exist and is material, and is in presence of an existing material conflict, whether a contemplated transaction may be authorized as just, fair, and reasonable to the good shepherd fund. The decision of the board of trustees on these matters rests in their sole discretion, and their concern is the welfare of the good shepherd fund and the advancement of its purpose.

Form 990, Part VI, Section B, Line 15

The compensation of officers and key employees is based on comparable market rates in the organization's geographical area and are approved by the board of trustees.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request

Filing and Contact Details

Filer

Filer Name
The Good Shepherd Fund
EIN
23-7093399
Phone
4803879875
Address
10439 S 51ST STREET STE 225, PHOENIX, AZ 85044

Signing Officer

Name
Leah M Ferguson
Title
SVP/corporate Controller
Phone
4803879875
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Schnackenberg
Formed
1970
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ppco Advisors LLC
Address
333 W SANTA CLARA ST SUITE 800, SAN JOSE, CA 95113-1716
Preparer
Edward a Davis
Phone
4082877911
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Staffing leases: program service expenses 804,769. Management and general expenses 0. Fundraising expenses 0. Total expenses 804,769. Other professional fees: program service expenses 0. Management and general expenses 20,681. Fundraising expenses 0. Total expenses 20,681.

Form 990, Part IX, Line 24E

Telephone: program service expenses 881. Management and general expenses 0. Fundraising expenses 0. Total expenses 881. Fees, licenses, and permits: program service expenses 682. Management and general expenses 43. Fundraising expenses 128. Total expenses 853. Bank service charges: program service expenses 0. Management and general expenses 501. Fundraising expenses 0. Total expenses 501. Tax on investments: program service expenses 0. Management and general expenses 475. Fundraising expenses 0. Total expenses 475.

Form 990, Part XII, Line 2C

The organization did not change either its oversight process or its selection process during the tax year.

Financial Statement Notes

PART IV, LINE 2B:

The good shepherd fund serves as a custodian for various assets owned by others. The purpose for this relationship is to manage and invest funds for others as well as providing certain services to individuals ranging from basic bill paying to making sure the conservatee or beneficiary is properly housed, cared for, and that food, medical care and special personal needs are met. Included in this category are the assets of several bethesda lutheran communities endowment funds, which are maintained in the money market funds by the fund.

PART V, LINE 4:

The good shepherd fund endowments consist of donor restricted individual funds established for earnings theron to support general operations, trust and conservatorship services, and the pal program.

PART X, LINE 2:

The organization was granted a tax-exempt status for federal income taxes under section 501(c)(3) of the internal revenue code and state income taxes under section 23701(d) of the california revenue taxation code. Accordingly, no provision for income taxes has been made in the accompanying statements. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) of the internal revenue code and has been classified as an organization that is not a private foundation under section 509(a)(1) of the internal revenue code. The organization accounts for the requirements associated with uncertainty in income taxes using the provisions of fasb asc 740-10-25 recognition of income taxes. Accordingly, an entity shall initially recognize the financial statement effects of a tax position when it is more-likely-than not, based on the technical merits, that the position will be sustained upon examination. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2024 and 2023, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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