Shc Foundation INC

Tax-deductible

Seville, OH501(c)(3)Foundations & GrantmakersEIN 90-0805201Revenue $241K in FY2024

On file with the IRS4283 Paradise Rd, 44273-9353 · Seville, OHTax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Shc Foundation exists to support society for handicapped citizens of medina county INC., which partners with individuals with disabilities and their families to provide a full

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 206 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $705K a year · 88% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$91K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
-93% vs prior year
Spent
$117K
To programs
94%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$241K
FY2024▼ -93%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$117K
FY2022$366K
FY2023$3.2M
FY2024$241K
Expenses
$117K
FY2024▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$81K
FY2021$66K
FY2022$65K
FY2023$171K
FY2024$117K
Net assets
$5.2M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.4M
FY2023$4.7M
FY2024$5.2M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $110K Management & general 6% · $7K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Finance Director/Treasurer
$0Pt VII · Sec A
See Shc 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports individuals with disabilities and their families through comprehensive programs.

Provided by the organization

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1 program · $110K · in their own filed words · FY2024
01

Support of society for handicapped citizens of medina county andits stated mission

$110Kprogram expense

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$20K
Grants paid · 3 grants · $150K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$241K
Ln 12
Investment incomeLn 3$125K
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$36K
Money outPt IX
$117K
Ln 25
Programscol B$110K
Managementcol C$7K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$5.3M
LiabilitiesLn 26$91K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Fundraising eventsLn 1c$11K
Investment incomeLn 3$125K
Other incomeLn 4–11$36K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$500K
Other assetsLn 15$184K
Total assetsLn 16$5.3M
LiabilitiesLn 26$91K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6206
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$163K$176K
InvestmentsLn 11–13$3.9M$4.4M
Land, buildings, equipmentLn 10c$391K$500K
Total assetsLn 16$4.7M$5.3M
LiabilitiesLn 26$7K$91K
Net assetsLn 32$4.7M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$93K$93K
Legal feesLn 11b$225$225
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$15K$13K$1K
OccupancyLn 16$3K$3K
InterestLn 20$4$4
InsuranceLn 23$16$16
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$117K$110K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $241K$117K$124K$5.2M 990 PDF
FY2023 $3.2M$171K$3.0M$4.7M 990 PDF
FY2022 $366K$65K$301K$1.4M 990 PDF
FY2021 $117K$66K$51K$1.3M 990 PDF
FY2020 $81K$81K$206$1.2M 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 (6 parts)
Part I · Summary $241,379 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,091,554$80,424
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $102,022$124,998
I-11 Other revenuePrior year $26,811$35,957
I-12 Total revenuePrior year $3,220,387$241,379
I-13 Grants and similar amounts paidPrior year $163,000$93,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,546$23,988
I-18 Total expensesPrior year $170,546$116,988
I-19 Revenue less expensesPrior year $3,049,841$124,391
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $241,379 across 7 lines filed
VIII-1c Fundraising events$10,530
VIII-1f All other contributions, gifts and grants$69,894
VIII-1h Total contributions, gifts and grants$80,424
VIII-3 Investment incomeExcluded from tax $124,998$124,998
VIII-8 Net income from fundraising eventsExcluded from tax $32,557$32,557
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,400$3,400
VIII-12 Total revenueRelated to mission $3,400 · Unrelated business $0 · Excluded from tax $157,555$241,379
Part IX · Statement of functional expenses $116,988 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $93,000$93,000
IX-11b Legal feesManagement $225$225
IX-11c Accounting feesManagement $3,095$3,095
IX-11f Investment management feesPrograms $1,148$1,148
IX-11g Other fees for servicesPrograms $13,155 · Management $1,481$14,636
IX-16 OccupancyPrograms $3,098$3,098
IX-20 InterestManagement $4$4
IX-23 InsurancePrograms $16$16
IX-24 Other expenses (24a–d)Management $1,766$1,766
IX-25 Total functional expensesPrograms $110,417 · Management $6,571 · Fundraising $0$116,988
Part X · Balance sheet $5,260,166 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $163,427$176,000
X-4 Accounts receivableStart of year $3,250$12,106
X-9 Prepaid expenses and deferred charges$15
X-10c Land, buildings and equipment, netStart of year $391,260$500,425
X-11 Publicly traded securitiesStart of year $3,888,747$4,387,190
X-15 Other assetsStart of year $220,000$184,430
X-16 Total assetsStart of year $4,666,684$5,260,166
X-17 Accounts payable and accrued expensesStart of year $6,720$90,612
X-26 Total liabilitiesStart of year $6,720$90,612
X-27 Net assets without donor restrictionsStart of year $4,659,964$5,169,554
X-32 Total net assets or fund balancesStart of year $4,659,964$5,169,554
X-33 Total liabilities and net assetsStart of year $4,666,684$5,260,166
Part XI · Reconciliation of net assets $5,169,554 net assets at year end
XI-1 Total revenue$241,379
XI-2 Total expenses$116,988
XI-3 Revenue less expenses$124,391
XI-4 Net assets at start of year$4,659,964
XI-5 Net unrealized gains (losses) on investments$385,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,169,554

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

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