Shook Charitable Trust EIN 75-1843636

Shook Charitable Trust FY2020 filing

EIN  75-1843636 Supporting organization San Angelo, TX Founded 1983
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds charitable causes for approved organizations.
Leadership
First Fin Trust & Asset Mgmt · Trustee · $21K
Money in and out
$680K revenue, $247K expenses
Bottom line
+64% net inflow

Funds charitable causes for approved organizations. For fiscal year 2020 it reported $680K in revenue, $247K in expenses, and $6.4M in net assets.Pt I

Money in and out · FY2020
Total revenue
$680K
Pt VIII · Ln 12
Total expenses
$247K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $433K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Net inflow
+64%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
88%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$680K
FY2020
Expenses
$247K
FY2020
Total assets
$6.4M
FY2020
Total liabilities
$0
FY2020
Total revenue
$680K
Pt VIII · Ln 12
Total expenses
$247K
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$433K
Total assetsPt X · Ln 16$6.4M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

3 program services account for $217K of program spending, described in the organization's own filed words · FY2020.
01

Amounts paid to the first baptist church were to be used in promoting and conducting christian and foreign missionary work. The number of persons benefitted is undeterminable.

$215Kprogram expense
02

Amounts paid to the young men's christian association were to be used to further the general purposes of the organization. The number of persons benefitted is undeterminable.

$1Kprogram expense
03

Amounts paid to the salvation army were to be used to further the general purposes of the salvation army. The number of persons benefitted is undeterminable.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShook Charitable Trust
EINHdr · item D75-1843636
Principal addressHdr · item CSan Angelo, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1983
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20J)
Ruling yearIRS BMFSep 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$21,226Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

First Fin Trust & Asset Mgmt’s $32K as Trustee is at the 19th percentile of top reported officer pay among 2165 $100K–1M human services 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
First Fin Trust & Asset Mgmt$31,931$27,606$47,296$31,887$24,847$21,226

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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Statement of Revenue

Part VIII
Investment income100%$677K
Other revenue$3K
Total revenueLn 12$680K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$217K
Management & general12%$30K
Total functional expensesLn 25$247K

Balance Sheet

Part X · end of year
CashLn 1$223K
Total assetsLn 16$6.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.4M
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.4M · Operating expenses/yr $247K
313.2 months
Where the money goes
Program services
Program services $217K · Total expenses $247K
88%
Management & General
Management & general $30K · Total expenses $247K
12%
Fundraising
Fundraising $0 · Total expenses $247K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $680K
0%
Government reliance
Government grants — · Total revenue $680K
Earned-income share
Program service revenue $0 · Total revenue $680K
0%
Investment reliance
Investment income $677K · Total revenue $680K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $247K
0%
Growth & trend
Revenue growth (YoY)
This year $680K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $680K · Expenses $247K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $6.4M
Net-asset ratio
Net assets $6.4M · Total assets $6.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.4M
97%
People & payroll
Highest Reported Total Compensation
Individual First Fin Trust & Asset Mgmt · Reported title TRUSTEE · Highest reported compensation $21K · Total expenses $247K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $21K · Total expenses $247K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Investment management fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $2.4M · 2020–2025

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$891K revenue · ⤓ 990 PDF
FY2024$695K revenue · ⤓ 990 PDF
FY2023$157K revenue · ⤓ 990 PDF
FY2022$885K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$680K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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