Civic Intelligence

Shepherd University Foundation Supporting Organization

990 • Fiscal year 2021 • EIN 81-1054787

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 02, 2022

Organization Profile
PO Box 5000Shepherdstown, WV 25443

(304) 876-5391

Siviq Scores

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

Liabilities / Assets

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

15.83x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

5th percentile

-39%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$143,571

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

11th percentile

-4.6%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-9.8%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$18,839,222

Down $904,378 (-4.6%) from 2020

Net Assets

Down

-$2,245,878

Down $521,805 (-30%) from 2020

Liabilities

Down

$21,085,100

Down $382,573 (-1.8%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin5th percentile

Revenue

Down

$1,332,345

Down $145,087 (-9.8%) from 2020

Expenses

Up

$1,854,150

Up $74,770 (+4.2%) from 2020

Net Income

Down

-$521,805

Down $219,857 (-73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$30M$20M$10M$0-$10MAssets 2016: $23,427,653Liabilities 2016: $23,473,122Net Assets 2016: -$45,4692016Assets 2017: $24,466,419Liabilities 2017: $24,840,218Net Assets 2017: -$373,7992017Assets 2018: $21,585,258Liabilities 2018: $22,767,816Net Assets 2018: -$1,182,5582018Assets 2019: $20,432,662Liabilities 2019: $21,854,787Net Assets 2019: -$1,422,1252019Assets 2020: $19,743,600Liabilities 2020: $21,467,673Net Assets 2020: -$1,724,0732020Assets 2021: $18,839,222Liabilities 2021: $21,085,100Net Assets 2021: -$2,245,8782021Assets 2022: $18,727,712Liabilities 2022: $21,644,709Net Assets 2022: -$2,916,9972022Assets 2023: $18,211,263Liabilities 2023: $21,402,960Net Assets 2023: -$3,191,6972023Assets 2024: $17,529,671Liabilities 2024: $20,707,983Net Assets 2024: -$3,178,3122024Assets 2025: $17,180,822Liabilities 2025: $20,293,237Net Assets 2025: -$3,112,4152025

Highlighted filing

2021

Assets$18,839,222
Liabilities$21,085,100
Net Assets-$2,245,878
Open 2021 Filing

Operations Trend

Revenue Growth18th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $0Expenses 2016: $45,469Net Income 2016: -$45,4692016Revenue 2017: $47,161Expenses 2017: $375,491Net Income 2017: -$328,3302017Revenue 2018: $1,864,057Expenses 2018: $2,672,816Net Income 2018: -$808,7592018Revenue 2019: $1,932,408Expenses 2019: $2,171,975Net Income 2019: -$239,5672019Revenue 2020: $1,477,432Expenses 2020: $1,779,380Net Income 2020: -$301,9482020Revenue 2021: $1,332,345Expenses 2021: $1,854,150Net Income 2021: -$521,8052021Revenue 2022: $1,761,060Expenses 2022: $2,432,179Net Income 2022: -$671,1192022Revenue 2023: $1,874,022Expenses 2023: $2,148,722Net Income 2023: -$274,7002023Revenue 2024: $1,927,763Expenses 2024: $1,914,378Net Income 2024: $13,3852024Revenue 2025: $1,833,048Expenses 2025: $1,767,151Net Income 2025: $65,8972025

Highlighted filing

2021

Revenue$1,332,345
Expenses$1,854,150
Net Income-$521,805
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 2, 2022
Return Version
2020v4.0
Gross Receipts
$1,332,345
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,039,967$18,335,349▼ $704,618
Savings and Temporary Cash Investments$660,200$458,746▼ $201,454
Accounts Receivable$27,807$23,394▼ $4,413
Prepaid Expenses and Deferred Charges$14,745$21,039▲ $6,294
Total Assets$19,743,600$18,839,222▼ $904,378
Other Assets Total$881$694▼ $187
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,110,949$20,982,364▼ $128,585
Other Liabilities$338,391$102,736▼ $235,655
Accounts Payable and Accrued Expenses$18,333--
Total Liabilities$21,467,673$21,085,100▼ $382,573
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,724,073$-2,245,878▼ $521,805
Total Net Assets Fund Balance$-1,724,073$-2,245,878▼ $521,805
Total Liabilities and Net Assets / Fund Balance$19,743,600$18,839,222▼ $904,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,115,908$1,966,392$20,082,300
Equipment$219,441$793,361$1,012,802
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleOtherTotal
Monica W LingenfelterExecutive Vi$143,571$143,571

Board Members and Trustees

NameTitle
Christopher S ColbertPresident
Dr Jason BestDirector
Robert JenseniusDirector
Tony PriceDirector
Karl L WolfSecretary
Julia M ConnellTreasurer
Timothy B McsheaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,330,847
Investment Income
$619
Other Revenue
$879
Change in Net Assets
$-521,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,332,345
Total Revenue per Audited Statements
$1,332,345
Total Revenue per Form 990
$1,332,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,692,428
Salaries, Compensation, and Employee Benefits$161,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$927,222--$927,222
Depreciation Depletion$705,880--$705,880
Other Salaries and Wages$111,988$20,476-$132,464
Fees for Services Other$14,818$48-$14,866
Insurance$13,294--$13,294
Fees for Services Accounting-$12,775-$12,775
Other Employee Benefits$6,961$4,711-$11,672
Payroll Taxes$7,997$1,461-$9,458
Pension Plan Contributions$6,881$1,247-$8,128
Office Expenses$3,991$1,483-$5,474
Information Technology$4,694--$4,694
Other Expenses$361$321-$682
Total Functional Expenses$1,811,628$42,522$0$1,854,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,854,150
Total Expenses per Audited Statements$1,854,150
Total Expenses per Form 990$1,854,150
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
Due to Affiliates$102,736
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and signed by the executive vice president of shepherd university foundation, inc., the supported organization. The form 990 is then distributed to the board of directors before the return is filed. The public disclosure copy is kept on file in the shepherd university foundation offices.”

Form 990, Page 6, Part VI, Line 12C

“The organization follows the same guidelines for conflicts of interest as its supported organization, shepherd university foundation, inc.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Shepherd University Foundation
EIN
81-1054787
Phone
3048765391
Address
PO BOX 5000, SHEPHERDSTOWN, WV 25443

Signing Officer

Name
Monica W Lingenfelter
Title
Executive Vice Pres.
Phone
3048765391
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica W Lingenfelter
Formed
2016
Legal Domicile
Wv
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
19405 EMERALD SQUARE STE 1400, HAGERSTOWN, MD 21742
Preparer
Kelly T Smith CPA
Phone
3017335020
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation follows generally accepted accounting principles, which provides guidance on accounting for uncertainty in income taxes recognized in an organization's financial statements. The foundation's policy is to charge penalties and interest to income tax expense as incurred. The foundation's federal and state income tax returns are subject to examination by the internal revenue service and state tax authorities, generally for a period of three years after the returns are filed.”

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt018333
IRS990/AccountsReceivableGrp/BOYAmt027807
IRS990/AccountsReceivableGrp/EOYAmt023394
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MONICA W LINGENFELTER
IRS990/BooksInCareOfDetail/PhoneNum03048765397
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0SHEPHERD UNIVERSITY
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHEPHERDSTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WV
IRS990/BooksInCareOfDetail/USAddress/ZIPCd025443
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0619
IRS990/CYOtherExpensesAmt01692428
IRS990/CYOtherRevenueAmt0879
IRS990/CYProgramServiceRevenueAmt01330847
IRS990/CYRevenuesLessExpensesAmt0-521805
IRS990/CYSalariesCompEmpBnftPaidAmt0161722
IRS990/CYTotalExpensesAmt01854150
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01332345
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0705880
IRS990/DepreciationDepletionGrp/TotalAmt0705880
IRS990/Desc0SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, SHEPHERD UNIVERSITY FOUNDATION, INC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01811628
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012775
IRS990/FeesForServicesAccountingGrp/TotalAmt012775
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt048
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt014818
IRS990/FeesForServicesOtherGrp/TotalAmt014866
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt08126
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MONICA W LINGENFELTER
IRS990/Form990PartVIISectionAGrp/PersonNm1DR JASON BEST
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTOPHER S COLBERT
IRS990/Form990PartVIISectionAGrp/PersonNm3JULIA M CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT JENSENIUS
IRS990/Form990PartVIISectionAGrp/PersonNm5TIMOTHY B MCSHEA
IRS990/Form990PartVIISectionAGrp/PersonNm6TONY PRICE
IRS990/Form990PartVIISectionAGrp/PersonNm7KARL L WOLF
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0135445
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE VI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01332345
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt04694
IRS990/InformationTechnologyGrp/TotalAmt04694
IRS990/InsuranceGrp/ProgramServicesAmt013294
IRS990/InsuranceGrp/TotalAmt013294
IRS990/InvestmentIncomeGrp/ExclusionAmt0619
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0619
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02759753
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019039967
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018335349
IRS990/LandBldgEquipCostOrOtherBssAmt021095102
IRS990/LegalDomicileStateCd0WV
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021110949
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020982364
IRS990/NetAssetsOrFundBalancesBOYAmt0-1724073
IRS990/NetAssetsOrFundBalancesEOYAmt0-2245878
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1724073
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2245878
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0927222
IRS990/OccupancyGrp/TotalAmt0927222
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01483
IRS990/OfficeExpensesGrp/ProgramServicesAmt03991
IRS990/OfficeExpensesGrp/TotalAmt05474
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0881
IRS990/OtherAssetsTotalGrp/EOYAmt0694
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04711
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06961
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011672
IRS990/OtherExpensesGrp/Desc0EQUIPMENT REPAIRS
IRS990/OtherExpensesGrp/Desc1STUDENT ACTIVITES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0321
IRS990/OtherExpensesGrp/ProgramServicesAmt06198
IRS990/OtherExpensesGrp/ProgramServicesAmt11343
IRS990/OtherExpensesGrp/ProgramServicesAmt2361
IRS990/OtherExpensesGrp/TotalAmt06198
IRS990/OtherExpensesGrp/TotalAmt11343
IRS990/OtherExpensesGrp/TotalAmt2682
IRS990/OtherLiabilitiesGrp/BOYAmt0338391
IRS990/OtherLiabilitiesGrp/EOYAmt0102736
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0VENDING MACHINES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0879
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0879
IRS990/OtherRevenueTotalAmt0879
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020476
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0111988
IRS990/OtherSalariesAndWagesGrp/TotalAmt0132464
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01461
IRS990/PayrollTaxesGrp/ProgramServicesAmt07997
IRS990/PayrollTaxesGrp/TotalAmt09458
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01247
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06881
IRS990/PensionPlanContributionsGrp/TotalAmt08128
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014745
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021039
IRS990/PrincipalOfficerNm0MONICA W LINGENFELTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0DORMITORY RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01330847
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01330847
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01305
IRS990/PYOtherExpensesAmt01625590
IRS990/PYOtherRevenueAmt02583
IRS990/PYProgramServiceRevenueAmt01473544
IRS990/PYRevenuesLessExpensesAmt0-301948
IRS990/PYSalariesCompEmpBnftPaidAmt0153790
IRS990/PYTotalExpensesAmt01779380
IRS990/PYTotalRevenueAmt01477432
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-521805
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01330847
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0660200
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0458746
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PART I - LINE 12(G) SHEPHERD UNIVERSITY FOUNDATION SUPPORTING ORGANIZATION (THE SUPPORTING ORGANIZATION) WAS ESTABLISHED TO PROVIDE SUPPORT TO SHEPHERD UNIVERSITY FOUNDATION, INC. (THE FOUNDATION), WHICH IS A COMPONENT UNIT OF SHEPHERD UNIVERSITY (THE UNIVERSITY), A GOVERNMENT UNIT. THE SUPPORTING ORGANIZATION HAD SEVERAL DIRECT TRANSACTIONS WITH THE UNIVERSITY AS DISCLOSED IN THE FINANCIAL STATEMENTS FOOTNOTE 15. THE EXPENSES PAID DIRECTLY TO THE UNIVERSITY ARE INCLUDED IN FUNCTIONAL EXPENSES IN PART IX OF THE FORM 990 AND ARE TREATED AS SUPPORT TO THE FOUNDATION AND SHOWN ON PART I LINE G OF SCHEDULE A DUE TO THE FOUNDATION'S PURPOSE OF PROVIDING SUPPORT TO THE UNIVERSITY AND THE SUPPORTING ORGANIZATION PROVIDING SUPPORT TO THE FOUNDATION. THE DIRECT PAYMENTS TO THE UNIVERSITY FROM THE SUPPORTING ORGANIZATION SIMPLIFIES BOOKKEEPING FOR ALL ENTITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0556020064
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01105748
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SHEPHERD UNIVERSITY FOUNDATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01105748
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt018115908
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01966392
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020082300
IRS990ScheduleD/EquipmentGrp/BookValueAmt0219441
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0793361
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01012802
IRS990ScheduleD/ExpensesSubtotalAmt01854150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueSubtotalAmt01332345
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018335349
IRS990ScheduleD/TotalExpensesPerForm990Amt01854150
IRS990ScheduleD/TotalLiabilityAmt0102736
IRS990ScheduleD/TotalRevenuePerForm990Amt01332345
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01332345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01854150
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE VICE PRESIDENT OF SHEPHERD UNIVERSITY FOUNDATION, INC., THE SUPPORTED ORGANIZATION. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED. THE PUBLIC DISCLOSURE COPY IS KEPT ON FILE IN THE SHEPHERD UNIVERSITY FOUNDATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION FOLLOWS THE SAME GUIDELINES FOR CONFLICTS OF INTEREST AS ITS SUPPORTED ORGANIZATION, SHEPHERD UNIVERSITY FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0X
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SHEPHERD UNIVERSITY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SHEPHERD UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0556020064
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1556000799
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt16
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 5000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1301 NORTH KING STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEPHERDSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SHEPHERDSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd025443
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd125443
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt019743600
IRS990/TotalAssetsEOYAmt018839222
IRS990/TotalAssetsGrp/BOYAmt019743600
IRS990/TotalAssetsGrp/EOYAmt018839222
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042522
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01811628
IRS990/TotalFunctionalExpensesGrp/TotalAmt01854150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021467673
IRS990/TotalLiabilitiesEOYAmt021085100
IRS990/TotalLiabilitiesGrp/BOYAmt021467673
IRS990/TotalLiabilitiesGrp/EOYAmt021085100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1724073
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2245878
IRS990/TotalOtherCompensationAmt08126
IRS990/TotalProgramServiceExpensesAmt01811628
IRS990/TotalProgramServiceRevenueAmt01330847
IRS990/TotalRevenueGrp/ExclusionAmt01498
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01330847
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01332345
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019743600

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,839,222
Liabilities
$21,085,100
Net assets
-$2,245,878
Revenue
$1,332,345
Expenses
$1,854,150
Net income
-$521,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.2$20.3$3.11$1.83$1.77$0.07
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$20.7$3.18$1.93$1.91$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$21.4$3.19$1.87$2.15$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$21.6$2.92$1.76$2.43$0.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$21.1$2.25$1.33$1.85$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$21.5$1.72$1.48$1.78$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$21.9$1.42$1.93$2.17$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$22.8$1.18$1.86$2.67$0.81
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$24.8$0.37$0.05$0.38$0.33
2016Summary only. Only limited summary data is available for this year.$23.4$23.5$0.05$0.00$0.05$0.05