Hugh I Shott Jr Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Hugh I Shott Jr Foundation is a 501(c)(3) organization based in Bluefield, West Virginia, registered in 1986, with $1,569,476 in FY2024 revenue. CharityIndex grades it F.
525 Federal St, Bluefield, WV, 24701 EIN 55-0650833 Since 1986
Revenue (FY2024)
$1.6M
▼ 60.6% vs prior year
Expenses (FY2024)
$2.6M
Net assets
$51.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hugh I Shott Jr Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating234 mo reserves · -67% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hugh I Shott Jr Foundation: 234 mo reserves · -67% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hugh I Shott Jr Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hugh I Shott Jr Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 525 Federal St, Bluefield, WV, 24701
- City
- Bluefield
- State
- West Virginia
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $2.2M (FY2020) to $1.6M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21KNet assets $51.2M
Operating margin
-67.5%
Spent more than it raised in the latest fiscal year.
Total assets
$51.2M
Total liabilities
$21K
Net assets
$51.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,569,476▼60.6% | $2,628,714▼1.6% | $51,190,842▲5.9% | $51,211,646▲5.9% | 990PF |
| 2023 | $3,979,327▲350% | $2,670,826▼8.6% | $48,344,742▲7.9% | $48,344,742▲7.9% | 990PF |
| 2022 | $883,624▼12.1% | $2,923,638▲7.1% | $44,787,116▼17.5% | $44,787,116▼17.5% | 990PF |
| 2021 | $1,004,941▼54.4% | $2,729,398▲4.1% | $54,314,234▲8.4% | $54,314,234▲8.4% | 990PF |
| 2020 | $2,204,347 | $2,622,136 | $50,123,515 | $50,123,515 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Hugh I Shott Jr Foundation a legitimate nonprofit?
- Yes. Hugh I Shott Jr Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 55-0650833, based in Bluefield, West Virginia. Donations are tax-deductible.
- What is Hugh I Shott Jr Foundation's EIN?
- Hugh I Shott Jr Foundation's Employer Identification Number (EIN) is 55-0650833.
- How much revenue does Hugh I Shott Jr Foundation report?
- Hugh I Shott Jr Foundation reported $1,569,476 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hugh I Shott Jr Foundation have?
- CharityIndex grades Hugh I Shott Jr Foundation F, based on financial health (reserves and operating margin).
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Data for Hugh I Shott Jr Foundation (EIN 55-0650833) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.