2024-04-09T13:11:28-05:00 2023-05-31 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2022-06-01 202131507 JUNE F SHELTON LEGACY FOUNDATION JUNE 9727741772 17301 PRESTON ROAD DALLAS TX 75252 KELLY VAN DEN HANDEL CFO 9727741772 2024-04-03 1 KELLY VAN DEN HANDEL XXX-XX-XXXX 1 KEVIN WARNEKE P01294950 2148717500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PHILLIP WIGGINS 17301 PRESTON ROAD DALLAS TX 75252 1124786 0 X N/A X 2004 TX MANAGING, HOLDING AND INVESTING AN ENDOWMENT FUND FOR THE BENEFIT OF THE JUNE SHELTON SCHOOL. 8 7 0 7 0 0 174969 170319 0 0 539242 722221 0 0 714211 892540 13000 13000 0 0 0 0 0 0 0 67015 63607 80015 76607 634196 815933 9932641 10029105 3450 0 9929191 10029105 X SEE SCHEDULE O 0 0 13000 13000 JUNE F. SHELTON LEGACY FOUNDATION PROVIDES FINANCIAL SUPPORT FOR JUNE SHELTON SCHOOL AND EVALUATION CENTER. THE SCHOOL IS AN INDEPENDENT, NONSECTARIAN, COEDUCATIONAL, NONPROFIT SCHOOL WHOSE PURPOSE IS TO PROVIDE EXCELLENCE IN EDUCATION TO STUDENTS OF AVERAGE TO ABOVE- AVERAGE INTELLIGENCE WITH LEARNING DIFFERENCES FROM PRESCHOOL THROUGH GRADE 12. THE SCHOOL OFFERS A COMPREHENSIVE CURRICULUM WITH A STRONG ACADEMIC ORIENTATION AND A NURTURING FAMILY ATMOSPHERE THAT CONSIDERS THE PHYSICAL, INTELLECTUAL, EMOTIONAL AND SOCIAL GROWTH OF EACH STUDENT. SHELTON SERVES ABOUT 1,088 STUDENTS ANNUALLY. 13000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X KELLY VAN DEN HANDEL 9727741772 17301 PRESTON ROAD DALLAS TX 75252 PHILLIP WIGGINS CHAIRMAN 1.00 1.00 X X 0 0 0 KRISTY ROBINSON VICE CHAIRMAN 1.00 1.00 X X 0 0 0 ROBERT L WALKER SECRETARY 1.00 0.00 X X 0 0 0 GARY L WEBB TRUSTEE 1.00 2.00 X 0 0 0 BENTON MARKEY TRUSTEE 1.00 1.00 X 0 0 0 CYNTHIA WILSON KRAUSE TRUSTEE 1.00 0.00 X 0 0 0 SUSAN JARZEMSKY TRUSTEE 1.00 0.00 X 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 1.00 41.00 X 0 364066 34601 JOYCE S PICKERING EMERITA DIRECTOR, SCHOOL 1.00 31.00 X 0 196321 7783 KELLY VAN DEN HANDEL CFO, SCHOOL 1.00 41.00 X 0 159992 26649 0 720379 69033 0 0 1 0 0 85311 85008 170319 388203 388203 566264 232246 334018 334018 334018 892540 0 0 722221 13000 13000 15125 15125 46693 46693 1789 1789 76607 13000 63607 0 176816 98646 110687 0 134875 0 9510263 9930459 9932641 10029105 3450 0 3450 0 X 7097274 7125330 2831917 2903775 9929191 10029105 9932641 10029105 815933 -716019 0 X X 0 1 X 1 0 X X X 1 JUNE SHELTON SCHOOL & EVALUATION CENTER 751507280 2 1 13000 0 1 13000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9929191 170319 -40492 29914 10029104 10666481 174969 -884014 28245 9929191 8226850 70051 2383784 14204 10666481 7786349 97060 357160 13719 8226850 7722946 99507 -22926 13178 7786349 0.71050 0.07100 0.21850 0 0 0 X 189391 -716019 59563 -656456 845847 46693 46693 892540 89477 59563 59563 29914 46693 46693 76607 PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE ENDOWMENT FUNDS REPORTED CONSIST OF THE ENTIRE ACTIVITY OF THE JUNE F. SHELTON LEGACY FOUNDATION, WHICH IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE JUNE SHELTON SCHOOL AND EVALUATION CENTER. THE JUNE F. SHELTON LEGACY FOUNDATION IS A TEXAS NONPROFIT CORPORATION, THE PRINCIPAL PURPOSES OF WHICH ARE TO SUPPORT, BENEFIT AND FURTHER THE PURPOSES OF SHELTON SCHOOL, PRIMARILY BY RAISING, PRESERVING, MANAGING AND INVESTING FUNDS FOR THE BENEFIT OF SHELTON SCHOOL. THE FOUNDATION'S ENDOWMENTS ACCORDING TO GAAP DEFINITIONS CONSIST OF ONLY A SINGLE FUND ESTABLISHED AND USED FOR FINANCIAL AID. CURRENTLY THE FOUNDATION CONSIDERS DONOR RESTRICTED ENDOWMENT FUNDS, ACCORDING TO GAAP, AS PERMANENTLY RESTRICTED NET ASSETS IN THE AMOUNT OF $712,602 AS OF MAY 31, 2023. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE ACCORDING TO THE UNITED STATES INTERNAL REVENUE SERVICE ("IRS") DETERMINATION LETTER DATED JULY 17, 2012, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED MAY 31, 2023 AND 2022, UNRELATED BUSINESS INCOME DID NOT RESULT IN ANY MATERIAL NET TAXABLE INCOME, THEREFORE NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL FORM 990-T WITH THE IRS FOR ANY UNRELATED BUSINESS INCOME. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE FOUNDATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. THE FOUNDATION'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. 0 JUNE SHELTON SCHOOL AND EVALUATION CENTER 17301 PRESTON ROAD DALLAS TX 75252 751507280 501(C)(3) 13000 0 SUPPORT SCHOOL 1 X X X X 0 0 0 0 0 0 0 0 0 SUZANNE STELL EXECUTIVE DIRECTOR, SCHOOL 0 314066 0 50000 0 0 0 24400 0 10201 0 398667 0 0 JOYCE S PICKERING EMERITA DIRECTOR, SCHOOL 0 171321 0 25000 0 0 0 7240 0 543 0 204104 0 0 KELLY VAN DEN HANDEL CFO, SCHOOL 0 145777 0 14215 0 0 0 9366 0 17283 0 186641 0 0 PART I, LINE 3 RELATED ORGANIZATION COMPENSATION REVIEW JUNE F. SHELTON LEGACY FOUNDATION DOES NOT HAVE ANY EMPLOYEE DIRECTLY RELATED TO THE FOUNDATION. THE FOUNDATION USES EMPLOYEES FROM THE JUNE SHELTON SCHOOL, WHICH USES A COMPENSATION COMMITTEE, WRITTEN EMPLOYEMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR COMPENSATION. A ARLINGTON HIGHER EDUCATION FINANCE CORPORATION 273906171 2017-10-25 31350000 PROPERTY PURCHASE 0 0 0 A 2291605 31350000 219000 31131000 2017 0 0 1 1 A 1 1 1 FROST BANK 10.000000000000 1 0 0 0 0 A 0 LIABILITIES REPORTED BY RELATED PARTY SHELTON LANDMARK FOUNDATION ("LANDMARK") REPORTS $31,350,000 OF LONG TERM DEBT AS THE RESULT OF THE BOND ISSUANCE. LANDMARK, A RELATED ORGANIZATION REPORTED ON SCHEDULE R, WAS FORMED BY JUNE SHELTON SCHOOL & EVALUATION CENTER, A RELATED PARTY REPORTED ON SCHEDULE R, ON FEBRUARY 2, 2005, PRIMARILY TO SUPPORT AND BENEFIT THE SCHOOL BY SOLICITING, RECEIVING, AND HOLDING REAL PROPERTY TO BENEFIT THE LONG-TERM GOALS, PURPOSES AND OBJECTIVES OF THE SCHOOL. ALL OF THE SCHOOL'S LAND, LAND IMPROVEMENTS, BUILDINGS AND THE MAJORITY OF BUILDING IMPROVEMENTS ARE HELD BY THE LANDMARK FOUNDATION. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE JUNE F. SHELTON LEGACY FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE JUNE SHELTON SCHOOL AND EVALUATION CENTER. IT SHALL SUPPORT THE SCHOOL BY SOLICITING, RECEIVING, HOLDING, INVESTING, AND MANAGING GIFTS, CONTRIBUTIONS AND BEQUESTS, WHICH ARE INTENDED TO BENEFIT THE LONG-TERM GOALS, PURPOSES AND OBJECTIVES OF SHELTON SCHOOL, AND BY HOLDING, MANAGING AND INVESTING AN ENDOWMENT FUND FOR THE BENEFIT OF THE SCHOOL. FORM 990, PART V, LINE 2: EMPLOYEES THE FOUNDATION DOES NOT HAVE EMPLOYEES, BUT IT REIMBURSES JUNE SHELTON SCHOOL AND EVALUATION CENTER, A RELATED ORGANIZATION, FOR THE SHARING OF THE SCHOOL'S PAID EMPLOYEES AS MATERIALLY INCURRED. FORM 990, PART VI, SECTION B, LINE 11B REVIEW PROCESS OF FORM 990 THE 990 IS REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY FORMS ARE COMPLETED AND REVIEWED EACH YEAR. ANY CONFLICTS ARE REVIEWED AND THAT DIRECTOR IS ASKED TO REFRAIN FROM VOTING ON ANY ISSUE AFFECTED BY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A DETERMINATION OF COMPENSATION THE JUNE F. SHELTON LEGACY FOUNDATION DOES NOT DIRECTLY COMPENSATE ANY BOARD MEMBERS OR OFFICERS LISTED IN PART VII. THE RELATED ORGANIZATION, JUNE SHELTON SCHOOL AND EVALUATION CENTER, UTILIZES PUBLISHED INFORMATION FROM THEIR ACCREDITING BODY AS TO SALARY STRUCTURES BY POSITION. THE SCHOOL ALSO USES LOCAL PUBLIC SCHOOLS AS A BENCHMARK. THE EXECUTIVE COMMITTEE APPROVES THE EXECUTIVE DIRECTOR'S SALARY, WHICH IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILTY OF DOCUMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT BOARD NO CHANGE HAS BEEN MADE TO THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS. JUNE SHELTON SCHOOL & EVALUATION CENTER 17301 PRESTON ROAD DALLAS TX 75252 751507280 SCHOOL TX 501(C)(3) LINE 2 N/A 0 SHELTON LANDMARK FOUNDATION 17301 PRESTON ROAD DALLAS TX 75252 202532325 SUPPORT TX 501(C)(3) LINE 12A, I SCHOOL 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 JUNE SHELTON SCHOOL & EVALUATION CENTER C 85311 FAIR MARKET VALUE