Shumard Foundation Inc
Shumard Foundation Inc maintains strong assets and reports no officer compensation, with fluctuating but generally positive financial performance.
EIN: 203798084 · Norcross, GA · NTEE: S11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $20.8M |
| Transparency Score | 85/100 |
Is Shumard Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shumard Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shumard Foundation Inc
Shumard Foundation Inc (EIN: 203798084) is a nonprofit organization based in Norcross, GA, classified under NTEE code S11. The organization reported total revenue of $8.8M and total assets of $26.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shumard Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shumard Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $20.8M |
| Net Assets | $20.8M |
| Operating Margin | 54.9% |
| Months of Reserves | 157.2 months |
Financial Health Grade: A
In 2022, Shumard Foundation Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 157.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Shumard Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +336.2% | -53.3% | +10.3% |
| 2021 | +13.2% | +64.7% | -12.1% |
| 2020 | -66.7% | -18.9% | -6.5% |
| 2019 | +9.0% | +35.4% | -1.7% |
| 2018 | -34.4% | +42.5% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Shumard Foundation Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Shumard Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
Executive Compensation Analysis
Shumard Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with assets exceeding $26 million.
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 Shumard Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, making precise efficiency analysis difficult.
- Significant fluctuations in annual revenue, which could indicate reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Shumard Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating very low administrative overhead related to executive salaries.
- Strong asset base ($26,702,639) and consistent asset growth over time.
- Minimal to zero liabilities reported across most filing periods, indicating strong financial health and low debt.
- Significant surplus in the most recent filing period (Revenue $3,525,870 vs. Expenses $1,588,568 in 2022).
Frequently Asked Questions about Shumard Foundation Inc
Is Shumard Foundation Inc a legitimate charity?
Shumard Foundation Inc (EIN: 203798084) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $8.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Shumard Foundation Inc spend its money?
Shumard Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Shumard Foundation Inc tax-deductible?
Shumard Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203798084). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shumard Foundation Inc CEO make?
Shumard Foundation Inc's highest-compensated officer earns $26 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Shumard Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Shumard Foundation Inc is above average for NTEE category S11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shumard Foundation Inc located?
Shumard Foundation Inc is headquartered in Norcross, Georgia and files with the IRS under EIN 203798084. It is classified under NTEE code S11.
How many years of IRS 990 filings does Shumard Foundation Inc have?
Shumard Foundation Inc has 12 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 $8.8M in total revenue.
Is Shumard Foundation Inc a good charity?
Based on the available data, Shumard Foundation Inc appears to be a financially sound organization with substantial assets ($26,702,639) and a history of no officer compensation, suggesting a strong commitment to minimizing overhead. Its consistent asset growth and low liabilities are positive indicators. However, without detailed program spending information, a full assessment of its direct impact is limited.
How does Shumard Foundation Inc manage its expenses?
The organization demonstrates effective expense management, particularly evidenced by its consistent reporting of 0% officer compensation. In 2022, its expenses ($1,588,568) were significantly lower than its revenue ($3,525,870), leading to a substantial surplus and asset growth. The consistent low liabilities also point to prudent financial management.
What is the trend in Shumard Foundation Inc's revenue and assets?
Shumard Foundation Inc's revenue has fluctuated over the years, with a notable peak of $8,788,907 in the latest period and $3,525,870 in 2022, following a dip to $808,294 in 2021. Assets have shown consistent growth, increasing from $18,870,364 in 2021 to $20,807,666 in 2022, and reaching $26,702,639 in the latest available data, indicating strong financial accumulation.
Filing History
IRS 990 filing history for Shumard Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Shumard Foundation Inc's revenue has declined by 64.8%, moving from $10.0M to $3.5M. Total assets increased by 8.4% over the same period, from $19.2M to $20.8M. Total functional expenses rose by 55.1%, from $1.0M to $1.6M. In its most recent filing year (2022), Shumard Foundation Inc reported a surplus of $1.9M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.5M | $1.6M | $20.8M | $0 | — | View 990 |
| 2021 | $808K | $3.4M | $18.9M | $0 | — | View 990 |
| 2020 | $714K | $2.1M | $21.5M | $849 | — | View 990 |
| 2019 | $2.1M | $2.5M | $23.0M | $1K | — | View 990 |
| 2018 | $2.0M | $1.9M | $23.4M | $740 | — | View 990 |
| 2017 | $3.0M | $1.3M | $23.3M | $-1,099 | — | View 990 |
| 2016 | $3.2M | $2.1M | $21.6M | $284 | — | — |
| 2015 | $1.7M | $2.7M | $19.8M | $0 | — | View 990 |
| 2014 | $2.3M | $1.6M | $20.7M | $24 | — | View 990 |
| 2013 | $3.0M | $1.6M | $21.1M | $0 | — | View 990 |
| 2012 | $1.6M | $1.2M | $19.5M | $1K | — | View 990 |
| 2011 | $10.0M | $1.0M | $19.2M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.5M, expenses of $1.6M, and assets of $20.8M (revenue +336.2% year-over-year).
- 2021: Revenue of $808K, expenses of $3.4M, and assets of $18.9M (revenue +13.2% year-over-year).
- 2020: Revenue of $714K, expenses of $2.1M, and assets of $21.5M (revenue -66.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.5M, and assets of $23.0M (revenue +9.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $23.4M (revenue -34.4% year-over-year).
- 2017: Revenue of $3.0M, expenses of $1.3M, and assets of $23.3M (revenue -6.4% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.1M, and assets of $21.6M (revenue +87.9% year-over-year).
- 2015: Revenue of $1.7M, expenses of $2.7M, and assets of $19.8M (revenue -26.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.6M, and assets of $20.7M (revenue -21.4% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.6M, and assets of $21.1M (revenue +87.8% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.2M, and assets of $19.5M (revenue -84.3% year-over-year).
- 2011: Revenue of $10.0M, expenses of $1.0M, and assets of $19.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shumard Foundation Inc:
Data Sources and Methodology
This transparency report for Shumard Foundation Inc 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.