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Wisconsin · Nonprofit

SHEPHERDS FOUNDATION INC

SHEPHERDS FOUNDATION INC (Wisconsin) receives grants from 7 organizations whose IRS filings report $61,325 to it, the largest being WESLEY W SAUL CHARITABLE TRUST ($23,000). 3 of them have funded it in more than one year.

$2.8M
Revenue FY2025
7
Funders on record
$61k
Grants received
$3.6M
Net assets
3/7 repeat funderspeak grant-dependency 1%

Against its field

SHEPHERDS FOUNDATION INC's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−2% · below the median
Revenue growth (annualized)−1% · bottom quartile

this organization peer median middle 50% of peers· 1,336 philanthropy nonprofits $1M–$10M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.0M) Expenses 100 ($2.8M) Net assets 100 ($2.6M)2018 Revenue 108 ($3.2M) Expenses 113 ($3.2M) Net assets 104 ($2.7M)2019 Revenue 104 ($3.1M) Expenses 117 ($3.3M) Net assets 99 ($2.6M)2020 Revenue 134 ($4.0M) Expenses 128 ($3.6M) Net assets 116 ($3.0M)2021 Revenue 112 ($3.3M) Expenses 119 ($3.3M) Net assets 137 ($3.5M)2022 Revenue 74 ($2.2M) Expenses 75 ($2.1M) Net assets 117 ($3.0M)2023 Revenue 83 ($2.5M) Expenses 93 ($2.6M) Net assets 118 ($3.0M)2024 Revenue 84 ($2.5M) Expenses 89 ($2.5M) Net assets 128 ($3.3M)2025 Revenue 94 ($2.8M) Expenses 102 ($2.8M) Net assets 139 ($3.6M)
'17'18'19'20'21'22'23'24'25
Revenue (94)Expenses (102)Net assets (139)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 16% · 2021 29%. Grants only. Government contracts and fees sit inside program revenue.

100% of SHEPHERDS FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (82% for the typical peer).

This organization
Typical peer · 3,048 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$161k
17
$46k
18
$191k
19
$398k
20
$24k
21
$74k
22
$132k
23
$2k
24
$49k
25
02Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 3 funders to 2 funders, grant income rose $10k → $30k.

From the IRS filings of SHEPHERDS FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SHEPHERDS FOUNDATION INC leans on a few funders — its largest provides 38% of grant income and the top three 74%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

38%
largest funder
74%
top three
~4
effective funders

Largest funder’s share by year: 2017 49% · 2018 98% · 2019 100% · 2020 65% · 2021 100% · 2022 90% · 2023 67%growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

SHEPHERDS FOUNDATION INC draws 66% of its grant income from funders outside Wisconsin, across 4 states in all.

IL
WI
OH
FL

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Wisconsin out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 7 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like SHEPHERDS FOUNDATION INC

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

10
board members
90%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 33 states

ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
PA
NJ
CT
RI
CA
UT
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
HI
LA
MS
AL
GA
FL

Part of a family of 1 related entity

  • Shepherds Ministries Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SHEPHERDS FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SHEPHERDS FOUNDATION INC?
SHEPHERDS FOUNDATION INC (Wisconsin) receives grants from 7 organizations whose IRS filings report $61,325 to it, the largest being WESLEY W SAUL CHARITABLE TRUST ($23,000). 3 of them have funded it in more than one year.
How many funders does SHEPHERDS FOUNDATION INC have?
IRS filings report 7 organizations giving $61,325 in grants to SHEPHERDS FOUNDATION INC, 3 of which have funded it in more than one year.
Who is the largest funder of SHEPHERDS FOUNDATION INC?
WESLEY W SAUL CHARITABLE TRUST is the largest funder on record, with $23,000 in grants. The full list of funders is on this page.
How can an organization like SHEPHERDS FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing