June F Shelton Legacy Foundation
June F Shelton Legacy Foundation consistently grows assets with minimal expenses and no reported officer compensation.
EIN: 202131507 · Dallas, TX · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.3M |
| Total Expenses | $77K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $10.0M |
| Transparency Score | 95/100 |
Is June F Shelton Legacy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
June F Shelton Legacy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About June F Shelton Legacy Foundation
June F Shelton Legacy Foundation (EIN: 202131507) is a nonprofit organization based in Dallas, TX, classified under NTEE code B19. The organization reported total revenue of $12.3M and total assets of $22.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of June F Shelton Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
June F Shelton Legacy Foundation is a large nonprofit that has been operating for 21 years, with 15 years of IRS 990 filings on record (2009–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $893K |
| Total Expenses | $77K |
| Surplus / Deficit | +$816K |
| Total Assets | $10.0M |
| Net Assets | $10.0M |
| Operating Margin | 91.4% |
| Months of Reserves | 1571.0 months |
Financial Health Grade: A
In 2023, June F Shelton Legacy Foundation reported a surplus of $816K with revenue exceeding expenses, holds 1571.0 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.0% | -4.3% | +1.0% |
| 2022 | +32.5% | +32.8% | -6.9% |
| 2021 | +60.8% | +13.5% | +29.7% |
| 2020 | -54.9% | +4.3% | +5.6% |
| 2019 | +60.2% | -17.3% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates June F Shelton Legacy Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, June F Shelton Legacy Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $816K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as direct officer compensation on the 990. This is highly unusual for an organization with assets exceeding $22 million and suggests a very lean administrative structure or significant volunteer leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of June F Shelton Legacy Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low expenses and 0% officer compensation for an organization with over $22M in assets, which could mask indirect compensation or reliance on external support not fully transparent in basic 990 data.
Strengths
The following positive indicators were identified for June F Shelton Legacy Foundation:
- Exceptional financial efficiency with very low expense ratios (e.g., $76,607 expenses on $892,540 revenue in 202305).
- Strong asset growth and financial stability (assets grew from $6.5M in 201405 to $22.2M currently).
- No reported officer compensation, indicating a highly lean or volunteer-led administrative structure.
- Minimal liabilities across all reporting periods, demonstrating strong financial management.
- Consistent revenue generation over multiple years.
Frequently Asked Questions about June F Shelton Legacy Foundation
Is June F Shelton Legacy Foundation a legitimate charity?
June F Shelton Legacy Foundation (EIN: 202131507) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 15 years of IRS 990 filings on record. Total revenue: $12.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does June F Shelton Legacy Foundation spend its money?
June F Shelton Legacy Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to June F Shelton Legacy Foundation tax-deductible?
June F Shelton Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 202131507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the June F Shelton Legacy Foundation CEO make?
June F Shelton Legacy Foundation's highest-compensated officer earns $22 annually. The organization reported $12.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of June F Shelton Legacy Foundation's spending goes to programs?
June F Shelton Legacy Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does June F Shelton Legacy Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), June F Shelton Legacy Foundation is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is June F Shelton Legacy Foundation located?
June F Shelton Legacy Foundation is headquartered in Dallas, Texas and files with the IRS under EIN 202131507. It is classified under NTEE code B19.
How many years of IRS 990 filings does June F Shelton Legacy Foundation have?
June F Shelton Legacy Foundation has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.3M in total revenue.
What are the specific programs or grants funded by the June F Shelton Legacy Foundation?
The provided data does not detail specific programs or grants. Given the NTEE code B19 (Foundations, Grantmaking), it is likely a grantmaking organization, but further investigation into its grant recipients would be needed.
How does the foundation manage to operate with such low expenses relative to its revenue?
The foundation likely operates as a grantmaking entity with minimal direct program delivery, outsourcing much of its charitable activity through grants. The absence of officer compensation also significantly contributes to its low expense ratio.
Is the lack of officer compensation sustainable for an organization of this size?
While it indicates high efficiency, it's unusual for an organization with over $22 million in assets. It could imply volunteer leadership, or compensation is structured in a way not reported as 'officer compensation' on the 990, which might warrant further inquiry for full transparency.
What is the foundation's strategy for asset growth versus immediate charitable distribution?
The consistent and significant growth in assets, coupled with relatively low expenses, suggests a strategy focused on building a substantial endowment to ensure long-term sustainability and potentially larger future grantmaking capacity, rather than maximizing immediate distributions.
Filing History
IRS 990 filing history for June F Shelton Legacy Foundation showing financial trends over 15 years of public records:
Total assets increased by 175.8% over the same period, from $3.6M to $10.0M. Total functional expenses fell by 72.9%, from $283K to $77K. In its most recent filing year (2023), June F Shelton Legacy Foundation reported a surplus of $816K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $893K | $77K | $10.0M | $0 | — | View 990 |
| 2022 | $714K | $80K | $9.9M | $3K | — | View 990 |
| 2021 | $539K | $60K | $10.7M | $3K | — | View 990 |
| 2020 | $335K | $53K | $8.2M | $0 | — | — |
| 2019 | $743K | $51K | $7.8M | $3K | — | View 990 |
| 2018 | $464K | $62K | $7.7M | $11K | — | View 990 |
| 2017 | $275K | $492K | $7.1M | $7K | — | View 990 |
| 2016 | $428K | $132K | $6.7M | $25K | — | View 990 |
| 2015 | $594K | $103K | $6.9M | $34K | — | View 990 |
| 2014 | $773K | $78K | $6.5M | $66K | — | View 990 |
| 2013 | $951K | $272K | $4.8M | $0 | — | View 990 |
| 2012 | $202K | $224K | $3.7M | $0 | — | View 990 |
| 2011 | $532K | $245K | $4.1M | $0 | — | View 990 |
| 2010 | $294K | $172K | $3.8M | $0 | — | View 990 |
| 2009 | $-1,369,922 | $283K | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $893K, expenses of $77K, and assets of $10.0M (revenue +25.0% year-over-year).
- 2022: Revenue of $714K, expenses of $80K, and assets of $9.9M (revenue +32.5% year-over-year).
- 2021: Revenue of $539K, expenses of $60K, and assets of $10.7M (revenue +60.8% year-over-year).
- 2020: Revenue of $335K, expenses of $53K, and assets of $8.2M (revenue -54.9% year-over-year).
- 2019: Revenue of $743K, expenses of $51K, and assets of $7.8M (revenue +60.2% year-over-year).
- 2018: Revenue of $464K, expenses of $62K, and assets of $7.7M (revenue +68.5% year-over-year).
- 2017: Revenue of $275K, expenses of $492K, and assets of $7.1M (revenue -35.7% year-over-year).
- 2016: Revenue of $428K, expenses of $132K, and assets of $6.7M (revenue -27.9% year-over-year).
- 2015: Revenue of $594K, expenses of $103K, and assets of $6.9M (revenue -23.2% year-over-year).
- 2014: Revenue of $773K, expenses of $78K, and assets of $6.5M (revenue -18.7% year-over-year).
- 2013: Revenue of $951K, expenses of $272K, and assets of $4.8M (revenue +370.9% year-over-year).
- 2012: Revenue of $202K, expenses of $224K, and assets of $3.7M (revenue -62.0% year-over-year).
- 2011: Revenue of $532K, expenses of $245K, and assets of $4.1M (revenue +80.6% year-over-year).
- 2010: Revenue of $294K, expenses of $172K, and assets of $3.8M.
- 2009: Revenue of $-1,369,922, expenses of $283K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for June F Shelton Legacy Foundation:
Data Sources and Methodology
This transparency report for June F Shelton Legacy Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.