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Derek Sheely Foundation INC FY2021 filing

Tax-deductible

State College, PA501(c)(3)Diseases & DisordersEIN 45-3553641Revenue $61K in FY2021

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.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
417 mo
of spending, in cash
Looks good: 417.1 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
$61K
+323% vs prior year
Spent
$2K
To programs
50%
Net assets
$574K
By yearFY2020–FY2025
Revenue
$61K
FY2021▲ +323%
Tap a bar for its year
Revenue by fiscal year
FY2020$14K
FY2021$61K
FY2022$30K
FY2023$23K
FY2024$91K
FY2025$85K
Expenses
$2K
FY2021▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$3K
FY2021$2K
FY2022$2K
FY2023$2K
FY2024$8K
FY2025$19K
Net assets
$574K
FY2021▲ +11%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

50 cents of each dollar spent went to programs.

Program services 50% · $1K Management & general 50% · $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
Keyton Sheely
President
$0Pt VII · Sec A
Stephen P Kadner
Vice President
$0Pt VII · Sec A
Michael Haase
Secretary
$0Pt VII · Sec A
Kristen Sheely
Executive Director/Treasur
$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.

Provided by the organization

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2 programs · $1K · in their own filed words · FY2021
01

Concussion awareness kits are provided to athletes and their families to educate them on the signs, symptoms, dangers, and prevention of traumatic brain injuries. There were no kits distributed in 2021 due to the covid pandemic.

$1Kprogram expense
02

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. The scholarship awarded in 2021 was a one year full tuition award.

Pt IX · col B

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
Amazonsmile FoundationFY2023$89
Total grants receivedfrom 1 funder$89
Grants paid · 1 grant · $10K · 2025–2025
On the Rise INCMA · FY2025$10,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$61K
Ln 12
Investment incomeLn 3$39K
Gifts and grantsLn 1h$22K
Money outPt IX
$2K
Ln 25
Programscol B$1K
Managementcol C$1K
Owns and owesPt X
$574K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$574K
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$39K
Total revenueLn 12$61K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$56K
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$494K
Total assetsLn 16$574K
LiabilitiesLn 26$0
Net assetsLn 32$574K
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 FY21End FY21
Cash and savingsLn 1–2$516K$80K
InvestmentsLn 11–13$494K
Total assetsLn 16$516K$574K
LiabilitiesLn 26$0$0
Net assetsLn 32$516K$574K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$500$500
Information technologyLn 14$842$842
InsuranceLn 23$647$647
Other expenses (24a–d)Ln 24$322$309$13
Total functional expensesLn 25$2K$1K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $60,711 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,024$22,109
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,316$38,602
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,340$60,711
I-13 Grants and similar amounts paidPrior year $0$0
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 $3,087$2,311
I-18 Total expensesPrior year $3,087$2,311
I-19 Revenue less expensesPrior year $11,253$58,400
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 $60,711 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,109
VIII-1h Total contributions, gifts and grants$22,109
VIII-3 Investment incomeExcluded from tax $38,602$38,602
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $38,602$60,711
Part IX · Statement of functional expenses $2,311 across 4 lines filed
IX-11c Accounting feesManagement $500$500
IX-14 Information technologyPrograms $842$842
IX-23 InsuranceManagement $647$647
IX-24 Other expenses (24a–d)Programs $309 · Management $13$322
IX-25 Total functional expensesPrograms $1,151 · Management $1,160 · Fundraising $0$2,311
Part X · Balance sheet $573,929 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $219,341$24,099
X-2 Savings and temporary cash investmentsStart of year $296,228$56,228
X-11 Publicly traded securities$493,602
X-16 Total assetsStart of year $515,569$573,929
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $515,569$573,929
X-32 Total net assets or fund balancesStart of year $515,569$573,929
X-33 Total liabilities and net assetsStart of year $515,569$573,929
Part XI · Reconciliation of net assets $573,929 net assets at year end
XI-1 Total revenue$60,711
XI-2 Total expenses$2,311
XI-3 Revenue less expenses$58,400
XI-4 Net assets at start of year$515,569
XI-8 Prior period adjustments−$40
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$573,929

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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