Shred Foundation: Nonprofit Profile, Financials & Form 990 (EIN 47-1612775)

Revenue by fiscal year
FY2021	$101K
FY2023	$122K

Net assets by fiscal year
FY2021	$16K
FY2023	$28K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $109K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Danny Hairston

Executive Director

$80,385Pt VII · Sec A

Danny Hairston’s $80K as Executive Director is at the 72nd percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Shred Foundation 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides programs for underprivileged youth.

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Provided by the organization

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1 program · $109K · in their own filed words · FY2022

01

Programs for underpriveledged youth

$109Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Share Winter FoundationFY2024$40K

National Recreation Foundation IncorporatedFY2024$30K

PatagoniaorgFY2024$15K

Silverbird 29 FundFY2024$10K

American Express FoundationFY2024$20

Total grants receivedfrom 5 funders$95K

See all 5 funders →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$122K

Ln 12

Gifts and grantsLn 1h$94K

Fees for servicesLn 2g$28K

Investment incomeLn 3$1

Money outPt IX

$109K

Ln 25

Programscol B$109K

Owns and owesPt X

$28K

net assets · Ln 32

Cash and savingsLn 1–2$118K

Total assetsLn 16$118K

LiabilitiesLn 26$90K

PeoplePt VI, VII

1

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$94K

Government grantsLn 1e$84K

Fundraising eventsLn 1c$10K

Fees for servicesLn 2g$28K

Investment incomeLn 3$1

Total revenueLn 12$122K

Assets in detailPt X, end of year

CashLn 1$118K

Cash and savings togetherLn 1–2$118K

Total assetsLn 16$118K

LiabilitiesLn 26$90K

Net assetsLn 32$28K

OperationsPt I, VI

EmployeesI 51

Fiscal year endsHeaderJuly

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$12K	$118K
Total assetsLn 16	$12K	$118K
LiabilitiesLn 26	$0	$90K
Net assetsLn 32	$12K	$28K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$43K	$43K
Legal feesLn 11b	$58	$58
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$10K	$10K
OccupancyLn 16	$28K	$28K
TravelLn 17	$3K	$3K
InterestLn 20	$778	$778
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$20K	$20K
Total functional expensesLn 25	$109K	$109K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	$122K	$109K	$13K	$28K	990 PDF
FY2022	Not on file
FY2021	$101K			$16K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $121,922 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $90,000$93,560

I-9 Program service revenuePrior year $114,882$28,361

I-10 Investment income$1

I-11 Other revenue$0

I-12 Total revenuePrior year $204,882$121,922

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $63,640$43,270

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $128,770$65,303

I-18 Total expensesPrior year $192,410$108,573

I-19 Revenue less expensesPrior year $12,472$13,349

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $121,922 across 6 lines filed

VIII-1c Fundraising events$9,560

VIII-1e Government grants$84,000

VIII-1h Total contributions, gifts and grants$93,560

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,361$28,361

VIII-3 Investment incomeRelated to mission $1$1

VIII-12 Total revenueRelated to mission $28,362 · Unrelated business $0 · Excluded from tax $0$121,922

Part IX · Statement of functional expenses $108,573 across 9 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $43,270$43,270

IX-11b Legal feesPrograms $58$58

IX-12 Advertising and promotionPrograms $2,569$2,569

IX-13 Office expensesPrograms $9,546$9,546

IX-16 OccupancyPrograms $27,856$27,856

IX-17 TravelPrograms $2,653$2,653

IX-20 InterestPrograms $778$778

IX-23 InsurancePrograms $2,238$2,238

IX-24 Other expenses (24a–d)Programs $19,605$19,605

IX-25 Total functional expensesPrograms $108,573 · Management $0 · Fundraising $0$108,573

Part X · Balance sheet $117,725 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $12,472$117,725

X-16 Total assetsStart of year $12,472$117,725

X-19 Deferred revenue$90,000

X-26 Total liabilitiesStart of year $0$90,000

X-32 Total net assets or fund balancesStart of year $12,472$27,725

X-33 Total liabilities and net assetsStart of year $12,472$117,725

Part XI · Reconciliation of net assets $27,725 net assets at year end

XI-1 Total revenue$121,922

XI-2 Total expenses$108,573

XI-3 Revenue less expenses$13,349

XI-4 Net assets at start of year$12,472

XI-8 Prior period adjustments$1,904

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$27,725

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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