William Michael Shelton Education Trust Fund

Dallas, TX
Tax-exempt since Feb. 1999
EIN: 91-6475182

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$74k (2024)

Expenses

$51.5k (2024)

Total Assets

$746k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$74,027

Expenses

$51,484

Net Income

$22,543

Net Assets

$746,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,455	29.0%
Sales of Assets	$52,572	71.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,992	81.6%
Compensation of Officers*	$12,184	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$746,026
Total Liabilities	$0
Net Assets	$746,026

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$12,184	$0

990-PF

Filed on April 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$23,298

Expenses

$39,937

Net Income

-$16,639

Net Assets

$724,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,059	81.8%
Sales of Assets	$2,162	9.3%
Other Income	$2,077	8.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,644	79.2%
Compensation of Officers*	$10,920	27.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$724,271
Total Liabilities	$0
Net Assets	$724,271

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$10,920	$0

990-PF

Filed on April 24, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

-$17,877

Expenses

$58,765

Net Income

-$76,642

Net Assets

$741,170

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,861
Sales of Assets	-$32,738
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,288	78.8%
Compensation of Officers*	$11,496	19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$741,170
Total Liabilities	$0
Net Assets	$741,170

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$11,496	$0

990-PF

Filed on April 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$172,510

Expenses

$52,459

Net Income

$120,051

Net Assets

$817,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,039	9.3%
Sales of Assets	$156,471	90.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,979	80.0%
Compensation of Officers*	$13,040	24.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$817,738
Total Liabilities	$0
Net Assets	$817,738

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$13,040	$0

990-PF

Filed on April 26, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$57,113

Expenses

$49,575

Net Income

$7,538

Net Assets

$696,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,230	23.2%
Sales of Assets	$43,883	76.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,332	83.4%
Compensation of Officers*	$10,816	21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$696,829
Total Liabilities	$1
Net Assets	$696,828

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,816	$0

990-PF

Filed on March 26, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$38,857

Expenses

$41,803

Net Income

-$2,946

Net Assets

$688,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,620	45.3%
Sales of Assets	$21,237	54.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,307	79.7%
Compensation of Officers*	$10,530	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$688,756
Total Liabilities	$1
Net Assets	$688,755

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,530	$0

990-PF

Filed on April 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$60,285

Expenses

$43,506

Net Income

$16,779

Net Assets

$696,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,836	24.6%
Sales of Assets	$45,449	75.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,666	77.4%
Compensation of Officers*	$10,795	24.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$696,943
Total Liabilities	$0
Net Assets	$696,943

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,795	$0

990-PF

Filed on April 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$60,918

Expenses

$36,871

Net Income

$24,047

Net Assets

$678,684

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,376	23.6%
Sales of Assets	$46,461	76.3%
Other Income	$81	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,287	79.4%
Compensation of Officers*	$10,308	28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$678,684
Total Liabilities	$0
Net Assets	$678,684

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,308	$0

990-PF

Filed on April 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

-$2,158

Expenses

$44,645

Net Income

-$46,803

Net Assets

$663,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,323
Sales of Assets	-$16,557
Other Income	$76

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,395	83.8%
Compensation of Officers*	$9,675	21.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$663,979
Total Liabilities	$0
Net Assets	$663,979

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$9,675	$0

990-PF

Filed on April 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$24,630

Expenses

$45,451

Net Income

-$20,821

Net Assets

$717,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,546	67.2%
Sales of Assets	$8,084	32.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,907	83.4%
Compensation of Officers*	$10,331	22.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$717,079
Total Liabilities	$0
Net Assets	$717,079

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,331	$0

990-PF

Filed on April 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$46,199

Expenses

$51,529

Net Income

-$5,330

Net Assets

$739,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,826	32.1%
Sales of Assets	$31,373	67.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,150	83.7%
Compensation of Officers*	$10,938	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$739,787
Total Liabilities	$0
Net Assets	$739,787

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$10,938	$0

990-PF

Filed on April 22, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$90,398

Expenses

$70,796

Net Income

$19,602

Net Assets

$729,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,589	25.0%
Sales of Assets	$67,888	75.1%
Other Income	-$79

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,067	90.5%
Compensation of Officers*	$9,832	13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$729,058
Total Liabilities	$0
Net Assets	$729,058

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$25,172

Expenses

$42,752

Net Income

-$17,580

Net Assets

$707,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,599	65.9%
Sales of Assets	$8,572	34.1%
Other Income	$1	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,050	86.7%
Compensation of Officers*	$7,917	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$707,321
Total Liabilities	$0
Net Assets	$707,321

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$26,713

Expenses

$39,096

Net Income

-$12,383

Net Assets

$730,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,719	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,497	88.2%
Compensation of Officers*	$7,138	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$730,927
Total Liabilities	$0
Net Assets	$730,927

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

William Michael Shelton Education Trust Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $74k (2024)

Expenses $51.5k (2024)

Total Assets $746k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$74k (2024)

Expenses

$51.5k (2024)

Total Assets

$746k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2016

Fiscal Year Ending Dec.
2015

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2014

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2013

Fiscal Year Ending Dec.
2012

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2011

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