India Lowery Shields Charitable Trust FY2020 filing

Tax-deductible

Birmingham, AL501(c)(3)Since 1994Foundations & GrantmakersEIN 63-6189161Revenue $33K in FY2020

On file with the IRSPo Box 11647, 35202-1647 · Birmingham, ALTax-exempt since Nov 1996Supporting organization — 509(a)(3)

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Provide academic scholarships to students in need from marengo county.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $6K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33K
Spent
$30K
To programs
100%
Net assets
$809K
By yearFY2020–FY2025
Revenue
$33K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$33K
FY2021$58K
FY2022$40K
FY2023−$887
FY2024$39K
FY2025$60K
Expenses
$30K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$31K
FY2022$32K
FY2023$30K
FY2024$22K
FY2025$50K
Net assets
$809K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$809K
FY2021$836K
FY2022$844K
FY2023$813K
FY2024$830K
FY2025$840K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Nov 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $30K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A

Regions Bank Trust Department’s $9K as Trustee is at the 40th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Regions Bank Trust Department$9,147$8,761

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aNo

Programs and updates

Provides academic scholarships to needy students from Marengo County.

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Provided by the organization

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1 program · $30K · in their own filed words · FY2020
01

The organization is operated as a scholarship fund for students at the university of west alabama. The scholar- ships are awarded to needy and deserving students from marengo county, al to assist them in their academic pursuits.

$30Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $50K · 2024–2025

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$33K
Ln 12
Investment incomeLn 3$33K
Money outPt IX
$30K
Ln 25
Programscol B$30K
Owns and owesPt X
$809K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$809K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$33K
Gains on assetsLn 7−$479
Total revenueLn 12$33K
Assets in detailPt X, end of year
SavingsLn 2$36K
Cash and savings togetherLn 1–2$36K
InvestmentsLn 11–13$773K
Total assetsLn 16$809K
LiabilitiesLn 26$0
Net assetsLn 32$809K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$31K$36K
InvestmentsLn 11–13$775K$773K
Total assetsLn 16$806K$809K
LiabilitiesLn 26$0$0
Net assetsLn 32$806K$809K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$30K$30K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $60K$50K$10K$840K 990 PDF
FY2024 $39K$22K$17K$830K 990 PDF
FY2023 −$887$30K−$31K$813K 990 PDF
FY2022 $40K$32K$8K$844K 990 PDF
FY2021 $58K$31K$27K$836K 990 PDF
FY2020 Viewing $33K$30K$3K$809K 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 FY2020 990 (6 parts)
Part I · Summary $33,135 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $31,698$33,135
I-11 Other revenue$0
I-12 Total revenuePrior year $31,698$33,135
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $30,949$29,992
I-18 Total expensesPrior year $30,949$29,992
I-19 Revenue less expensesPrior year $749$3,143
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $33,135 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $33,614$33,614
VIII-7 Net gain or loss on sales of assetsRelated to mission −$479−$479
VIII-12 Total revenueRelated to mission −$479 · Excluded from tax $33,614$33,135
Part IX · Statement of functional expenses $29,992 across 1 line filed
IX-24 Other expenses (24a–d)Programs $29,992$29,992
IX-25 Total functional expensesPrograms $29,992 · Management $0 · Fundraising $0$29,992
Part X · Balance sheet $809,197 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $30,693$35,741
X-11 Publicly traded securitiesStart of year $775,425$773,456
X-16 Total assetsStart of year $806,118$809,197
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $806,118$809,197
X-33 Total liabilities and net assetsStart of year $806,118$809,197
Part XI · Reconciliation of net assets $809,197 net assets at year end
XI-1 Total revenue$33,135
XI-2 Total expenses$29,992
XI-3 Revenue less expenses$3,143
XI-4 Net assets at start of year$806,118
XI-9 Other changes in net assets−$64
XI-10 Net assets at end of year$809,197

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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