Derek Sheely Foundation INC FY2024 filing

Tax-deductible

State College, PA501(c)(3)Diseases & DisordersEIN 45-3553641

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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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
136 mo
of spending, in cash
Looks good: 135.8 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
$91K
+293% vs prior year
Spent
$8K
To programs
82%
Net assets
$705K
By yearFY2020–FY2025
Revenue
$91K
FY2024▲ +293%
Revenue by fiscal year
FY2020$14K
FY2021$61K
FY2022$30K
FY2023$23K
FY2024$91K
FY2025$85K
Expenses
$8K
FY2024▲ +262%
Expenses by fiscal year
FY2020$3K
FY2021$2K
FY2022$2K
FY2023$2K
FY2024$8K
FY2025$19K
Net assets
$705K
FY2024▲ +13%
Net assets by fiscal year
FY2020$516K
FY2021$574K
FY2022$602K
FY2023$623K
FY2024$705K
FY2025$671K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $6K Management & general 18% · $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.

Provided by the organization

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2 program services account for $6K of program spending, described in the organization's own filed words · FY2024.
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. Approximately 40 kits were distributed in 2024.

$6Kprogram 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.

Pt IX · col B

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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 FY2024 990, line by line.

1The main four
Money inPt VIII
$91K
Ln 12
Gifts and grantsLn 1h$84K
Investment incomeLn 3$8K
Money outPt IX
$8K
Ln 25
Programscol B$6K
Managementcol C$1K
Owns and owesPt X
$705K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$705K
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$84K
Noncash giftsLn 1g$70K
Investment incomeLn 3$8K
Total revenueLn 12$91K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$616K
Total assetsLn 16$705K
LiabilitiesLn 26$0
Net assetsLn 32$705K
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 FY24End FY24
Cash and savingsLn 1–2$103K$89K
InvestmentsLn 11–13$520K$616K
Total assetsLn 16$623K$705K
LiabilitiesLn 26$0$0
Net assetsLn 32$623K$705K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Accounting feesLn 11c$700$700
Office expensesLn 13$419$419
Information technologyLn 14$1K$1K
InsuranceLn 23$660$660
Other expenses (24a–d)Ln 24$66$66
Total functional expensesLn 25$8K$6K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $85K$19K$66K$671K 990 PDF
FY2024 Viewing $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $91,480 across 5 lines filed
VIII-1f All other contributions, gifts and grants$83,913
VIII-1g Noncash contributions (included above)$70,008
VIII-1h Total contributions, gifts and grants$83,913
VIII-3 Investment incomeExcluded from tax $7,567$7,567
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,567$91,480
Part IX · Statement of functional expenses $7,860 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-11c Accounting feesManagement $700$700
IX-13 Office expensesPrograms $419$419
IX-14 Information technologyPrograms $1,015$1,015
IX-23 InsuranceManagement $660$660
IX-24 Other expenses (24a–d)Management $66$66
IX-25 Total functional expensesPrograms $6,434 · Management $1,426 · Fundraising $0$7,860
Part X · Balance sheet $705,046 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $15,849$35,893
X-2 Savings and temporary cash investmentsStart of year $87,079$53,079
X-11 Publicly traded securitiesStart of year $519,848$616,074
X-16 Total assetsStart of year $622,776$705,046
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $622,776$705,046
X-32 Total net assets or fund balancesStart of year $622,776$705,046
X-33 Total liabilities and net assetsStart of year $622,776$705,046
Part XI · Reconciliation of net assets $705,046 net assets at year end
XI-1 Total revenue$91,480
XI-2 Total expenses$7,860
XI-3 Revenue less expenses$83,620
XI-4 Net assets at start of year$622,776
XI-8 Prior period adjustments−$1,350
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$705,046

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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