The Shield Foundation INC EIN 88-3602717 Form 990 (PDF) Claim this org

The Shield Foundation INC

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Helps former student athletes transition careers, develop personally and professionally, and support their well-being. For fiscal year 2025 it reported $1.5M in revenue, $880K in expenses, and $694K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Human Services
Location
South Bend, IN
Website
theshieldfoundation.com
Filings
4 on file (2022–2025)
Revenue
$1.5MFY2025
Expenses
$880K
Net assets
$694K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  88-3602717 Public charity (501(c)(3)) South Bend, IN Founded 2022
Form 990 (PDF)
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Size
$1–10M
What they do
Helps former student athletes transition careers, develop personally and professionally, and support their well-being.
Leadership
Dr Tom Carter III · CEO/Treasurer · $300K
Money in and out
$1.5M revenue, $880K expenses
Bottom line
93% program efficiency
Where the money goes · FY2025
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$880K
Pt IX · Ln 25
Net assets
$694K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $628K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▲ +256% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +498% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.5M
FY2025▲ +87%
Expenses
$880K
FY2025▼ -1%
Total assets
$724K
FY2025▲ +519%
Total liabilities
$30K
FY2025▼ -41%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$880K
Pt IX · Ln 25
Net assets
$694K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$628K
Total assetsPt X · Ln 16$724K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $821K of program spending, described in the organization's own filed words · FY2025.
01

Life after notre dame ("land"), provides no-cost transition support to former university of notre dame student-athletes, managers, and athletic trainers as they move out of competitive athletics.

$821Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Shield Foundation INC
EINHdr · item D88-3602717
Principal addressHdr · item CSouth Bend, IN
WebsiteHdr · item Jtheshieldfoundation.com
Year of formationHdr · item L2022
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFFeb 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO/Treasurer
$300,000Pt VII · Sec A
Program Director
$114,808Pt VII · Sec A
Chairman/President
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dr Tom Carter III’s $300K as CEO/Treasurer is at the 98th percentile of top reported officer pay among 3864 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Dr Tom Carter III$300,000$300,000$300,000$200,769
Brandyn Curry$114,808

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
Contributions & grants100%$1.5M
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$821K
Management & general7%$59K
Total functional expensesLn 25$880K

Balance Sheet

Part X · end of year
CashLn 1$232K
Total assetsLn 16$724K
Total liabilitiesLn 26$30K
Total net assetsLn 32$694K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $232K · Operating expenses/yr $880K
3.2 months
Where the money goes
Program services
Program services $821K · Total expenses $880K
93%
Management & General
Management & general $59K · Total expenses $880K
7%
Fundraising
Fundraising $0 · Total expenses $880K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
100%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $880K
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $808K
+87%
Net-asset trend (YoY)
End of year $694K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $880K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $724K
Net-asset ratio
Net assets $694K · Total assets $724K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $724K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Tom Carter III · Reported title CEO/TREASURER · Highest reported compensation $300K · Total expenses $880K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $642K · Total expenses $880K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Revenue growth 87%

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.

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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)$1.5M revenue · viewing · ⤓ 990 PDF
FY2024$808K revenue · ⤓ 990 PDF
FY2023$934K revenue · ⤓ 990 PDF
FY2022$435K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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