Derek Sheely Foundation INC

Tax-deductible

State College, PA501(c)(3)Diseases & DisordersEIN 45-3553641Revenue $85K in FY2025

On file with the IRSthedereksheelyfoundation.org753 N Allen St, 16803-3535 · State College, PATax-exempt since Oct 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Increase awareness and research of traumatic brain injuries, including supporting advancements in education, prevention, and treatment of traumatic brain injuries with a focus on youth sports.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $45K a year · 88% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
58 mo
of spending, in cash
Looks good: 58.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $89
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85K
-7% vs prior year
Spent
$19K
To programs
92%
Net assets
$671K
By yearFY2020–FY2025
Revenue
$85K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$14K
FY2021$61K
FY2022$30K
FY2023$23K
FY2024$91K
FY2025$85K
Expenses
$19K
FY2025▲ +143%
Tap a bar for its year
Expenses by fiscal year
FY2020$3K
FY2021$2K
FY2022$2K
FY2023$2K
FY2024$8K
FY2025$19K
Net assets
$671K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$516K
FY2021$574K
FY2022$602K
FY2023$623K
FY2024$705K
FY2025$671K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $18K Management & general 8% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Exec Director/Treasurer
$0Pt VII · Sec A
See Derek Sheely Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes awareness and research for traumatic brain injuries, especially in youth sports.

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Provided by the organization

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2 programs · $18K · in their own filed words · FY2025
01

Scholarships are available for students of frostburg state university with a grade point average of 3.4 or higher who exemplify leadership qualities and provide 40 hours of community service to increase awareness of concussions and traumatic brain injuries in sports.

$16Kprogram expense
02

Concussion awareness kits are provided to athletes and their families to educate them on the signs, symptoms, dangers, and prevention of traumatic brain injuries. Approximately 100 kits were distributed in 2025.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$89
Grants paid · 1 grant · $10K · 2025–2025
On the Rise INCMA · FY2025$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$85K
Ln 12
Investment incomeLn 3$62K
Gifts and grantsLn 1h$22K
Money outPt IX
$19K
Ln 25
Programscol B$18K
Managementcol C$1K
Owns and owesPt X
$671K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$671K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Investment incomeLn 3$62K
Total revenueLn 12$85K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$216
Cash and savings togetherLn 1–2$92K
InvestmentsLn 11–13$578K
Total assetsLn 16$671K
LiabilitiesLn 26$0
Net assetsLn 32$671K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$89K$92K
InvestmentsLn 11–13$616K$578K
Total assetsLn 16$705K$671K
LiabilitiesLn 26$0$0
Net assetsLn 32$705K$671K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Accounting feesLn 11c$750$750
Information technologyLn 14$987$987
InsuranceLn 23$687$687
Other expenses (24a–d)Ln 24$686$686
Total functional expensesLn 25$19K$18K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $85K$19K$66K$671K 990 PDF
FY2024 $91K$8K$84K$705K 990 PDF
FY2023 $23K$2K$21K$623K 990 PDF
FY2022 $30K$2K$28K$602K 990 PDF
FY2021 $61K$2K$58K$574K 990 PDF
FY2020 $14K$3K$11K$516K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $84,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,913$22,339
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,567$62,453
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $91,480$84,792
I-13 Grants and similar amounts paidPrior year $5,000$16,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,860$3,110
I-18 Total expensesPrior year $7,860$19,110
I-19 Revenue less expensesPrior year $83,620$65,682
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $84,792 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,339
VIII-1h Total contributions, gifts and grants$22,339
VIII-3 Investment incomeExcluded from tax $62,453$62,453
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $62,453$84,792
Part IX · Statement of functional expenses $19,110 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $16,000$16,000
IX-11c Accounting feesManagement $750$750
IX-14 Information technologyPrograms $987$987
IX-23 InsuranceManagement $687$687
IX-24 Other expenses (24a–d)Programs $686$686
IX-25 Total functional expensesPrograms $17,673 · Management $1,437 · Fundraising $0$19,110
Part X · Balance sheet $670,678 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $35,893$92,122
X-2 Savings and temporary cash investmentsStart of year $53,079$216
X-11 Publicly traded securitiesStart of year $616,074$578,340
X-16 Total assetsStart of year $705,046$670,678
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $705,046$670,678
X-32 Total net assets or fund balancesStart of year $705,046$670,678
X-33 Total liabilities and net assetsStart of year $705,046$670,678
Part XI · Reconciliation of net assets $670,678 net assets at year end
XI-1 Total revenue$84,792
XI-2 Total expenses$19,110
XI-3 Revenue less expenses$65,682
XI-4 Net assets at start of year$705,046
XI-5 Net unrealized gains (losses) on investments−$33,784
XI-8 Prior period adjustments−$66,266
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$670,678

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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