The Shae Foundation EIN 20-5196407 Form 990 (PDF) Claim this org

The Shae Foundation FY2023 filing

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Educates the public about religious liberties and their protections. For fiscal year 2023 it reported $208K in revenue, $46K in expenses, and $174K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Apison, TN
Filings
5 on file (2021–2023)
Revenue
$208KFY2023
Expenses
$46K
Net assets
$174K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-5196407 Public charity (501(c)(3)) Apison, TN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Educates the public about religious liberties and their protections.
Leadership
Terry Benedict · President
Money in and out
$208K revenue, $46K expenses
Bottom line
68% program efficiency
Where the money goes · FY2023
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$174K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $163K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
47.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+78%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$208K
FY2023▲ +555%
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$174K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$163K
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2022.
01

Public lectures, materials and films to educate thepublic of religious liberties

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Shae Foundation
EINHdr · item D20-5196407
Principal addressHdr · item CApison, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A54)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$188K · 90%
Program service revenue$20K · 10%
Contributions & grants90%$188K
Program service revenue10%$20K
Total revenueLn 12$208K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$31K
Management & general32%$15K
Total functional expensesLn 25$46K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$201K
Total liabilitiesLn 26$27K
Total net assetsLn 32$174K
Months of cash on handcomputed47.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $180K · Operating expenses/yr $46K
47.4 months
Where the money goes
Program services
Program services $31K · Total expenses $46K
68%
Management & General
Management & general $15K · Total expenses $46K
32%
Fundraising
Fundraising $0 · Total expenses $46K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $188K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $188K · Total revenue $208K
90%
Government reliance
Government grants — · Total revenue $208K
Earned-income share
Program service revenue $20K · Total revenue $208K
10%
Investment reliance
Investment income $0 · Total revenue $208K
0%
Program self-sufficiency
Program service revenue $20K · Total expenses $46K
45%
Growth & trend
Revenue growth (YoY)
This year $208K · Prior year $32K
+555%
Net-asset trend (YoY)
End of year $174K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $208K · Expenses $46K
+78%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
Net-asset ratio
Net assets $174K · Total assets $201K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Terry Benedict · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $46K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $46K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 555%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$99K revenue · ⤓ 990 PDF
FY2024$148K revenue · ⤓ 990 PDF
FY2023$208K revenue · viewing · ⤓ 990 PDF
FY2022$32K revenue · ⤓ 990 PDF
FY2021$9K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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