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2011 Form 990

Updated 6/22/2011
3ABN sued
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Updated 4/2/2010
Tommy Shelton
Arrested!

Must Read:
Mom in Pain #1

Mene, Mene,
Tekel, Parsin

The Actual Lawsuit
IRS Criminal Investigation

Danny Shelton's
July 2006 Financial Affidavit

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The accounting of 3ABN appears to be off limits to nearly everyone. That is unfortunate, for it makes it extremely difficult to demonstrate that various allegations of financial improprieties are simply untrue. Yet the following affidavit is one piece of financial information that is fairly accessible, having been filed at the Franklin County Circuit Court in July 2006.

For the significance of the following information, please see "Comments."

IN THE CIRCUIT COURT OF THE SECOND JUDICIAL CIRCUIT

FRANKLIN COUNTY, ILLINOIS


IN RE: THE MARRIAGE OF

LINDA SUE SHELTON,

Petitioner,

vs.

DANNY LEE SHELTON,

Respondent.
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No. 05-D-30


FINANCIAL AFFIDAVIT

X
  Pre-Judgment                  
X
  Post-Judgment


I.

INTRODUCTION

I, Danny L. Shelton, on oath state that my present age is 55, and that:

(b)     (POST-JUDGMENT ONLY):     The marriage of the parties was dissolved on June 25, 2004.

[-2-]


II.

PARTIES AND CHILDREN

HUSBAND

      WIFE

Name: Danny L. Shelton Name:  
Address: 2954 New Lake Rd. Address:  
  West Frankfort, IL 62896    
Soc. Sec. #: xxx-xx-xxxx Soc. Sec. #:  
Date of Birth:   xx/xx/51     Age: 55 Date of Birth:                  Age:       
Employer: Three Angels Broadcasting Employer:  
Occupation: Television Occupation:  


CHILDREN

NAME   Date of Birth   Age   With Whom Residing

N/A
     
       
       


IMPORTANT-     Attach most recent of last three months' pay stubs showing your year-to-date earnings and deductions. Also attach all pages & W-2 Forms of your last filed Federal and State Income Tax Returns. For those individuals who receive any income from self-employment sources, attach Federal and State Income Tax Returns for the last two years and supporting documentation for year-to-date earnings.


III.

STATEMENT OF INCOME

HUSBAND     WIFE
GROSS MONTHLY INCOME from: Salary, wages, commissions, bonuses, allowances & overtime (NOTE: To arrive at gross monthly income multiply weekly gross by 52 and divide by 12, or multiply bi-weekly income by 26 and divide by 12) $5,991.00 $

[-3-]


III.

STATEMENT OF INCOME (CONT.)

Pension or retirement $     $
Social Security benefits $ $
Disability or unemployment benefits $ $
Public aid (ADC–Welfare) $ $
Child support from prior marriage (alimony) $ $
Rents $ $
Other Income (specify):
         
 
$ $
$ $
 
TOTAL GROSS MONTHLY INCOME   $5,991.00 $
 

DEDUCTIONS:
 
Federal income tax withheld $1,035.00 $
State income tax withheld $175.00 $
Social Security and Medicare withheld $458.00 $
Medical or other health-related insurance
$     $
Union dues/mandatory retirement contributions
$     $
Dependent and individual health/hospital insurance premiums
$     $
Prior Court ordered support and/or maintenance, actually paid pursuant to a Court Order
$     $
Other deductions permitted by 750 ILCS §505(a)(3)(h) – (specify):
         
 
$   $
$   $
 
TOTAL NET MONTHLY INCOME   $4,323.00   $

[-4-]


IV.

ESTIMATED MONTHLY EXPENSES
(* mark if a projected expense – Affiant must be prepared to submit testimony to support the same)

HOUSEHOLD:

 
House payment (interest)
See page 10, Art. VII
Repair and upkeep   $150.00  
Housekeeper and yard work $50.00
Homeowners insurance $70.83
Real estate taxes (not included in house payment) $450.00
Other (specify):
 
 
$
$
 
SUBTOTAL       $720.83

UTILITIES:
 
Electricity $175.00
Gas/Heating oil $25.00
Water and sewer $25.00
Telephone $65.00
Trash removal $50.00
Cable TV -    
Other (specify):

Internet

$20.00
 
 
$
$
 
SUBTOTAL       $360.00

[-5-]


IV.

ESTIMATED MONTHLY EXPENSES (CONT.)

FOOD:


Food, milk, household supplies
  
  $550.00
 
School lunches $
Meals outside home   $150.00
Other (specify):
 
 
$
$
 
SUBTOTAL       $700.00

CLOTHING:

Clothing (self)

  $150.00
 
Clothing (children) $
Laundry & dry cleaning   $50.00
Other (specify):
 
$
 
SUBTOTAL       $200.00

MEDICAL CARE (after insurance reimbursement):

Doctor & dentist (self)
$
Drugs & medical supplies (self) $
Doctor & dentist (children) $
Drugs & medical supplies (children) $
Medical and dental insurance $
    (Do not list if already listed in III on page 3 as a deduction from gross income)
Other (specify):
 
$

[-6-]


IV.

ESTIMATED MONTHLY EXPENSES (CONT.)

TRANSPORTATION:


Truck payment
  
  $463.00
 
Repair & maintenance   $25.00
Gas & oil   $150.00
Insurance   $100.00
License and registration   $8.00
Bus fare/parking $
Other (specify):
 
 
$
$
 
SUBTOTAL       $746.00

MISCELLANEOUS:
  CHILD YOURS
Child care/babysitter   $
School & school supplies $ $
Church/charitable contributions     $500.00  
Newspapers, magazines & books   $
Barber/beauty shop $ $
Life insurance premiums   $
Disability insurance premiums   $
Professional dues   $
Voluntary retirement contributions   $
Allowance (children's) $
Recreation/entertainment $ $
Family pets (horses and dogs)     $612.47  
Family gifts     $200.00  
Toiletries $ $
   
SUBTOTAL     $ $1,312.47

[-7-]


IV.

ESTIMATED MONTHLY EXPENSES (CONT.)

CREDITOR PAYMENTS NOT PREVIOUSLY LISTED:

Monthly installment payments (credit cards):

      $
  $
  $
  $
  $


Others (specify):

    $
  $
  $
  $


SUBTOTAL    


      $0.00

TOTAL AVERAGE MONTHLY EXPENSES:

$4,039.30


V.

RECAP

NET MONTHLY INCOME

$4,323.00

TOTAL MONTHLY LIVING EXPENSES

$4,039.30

DIFFERENCE BETWEEN NET INCOME & EXPENSES

$283.70

LESS MONTHLY DEBT SERVICE

$  

INCOME AVAILABLE PER MONTH

$283.70

[-8-]


VI.

ASSETS     (Designate each non-marital asset as "NM")

REAL ESTATE:

 DESCRIPTION   LOCATION   PRESENT
VALUE
  HOW
TITLE HELD
Residence 2954 New Lake Rd.
West Frankfort, IL
$275,000.00 Danny


MOTOR VEHICLES:

 DESCRIPTION (Year, make and model)   PRESENT
VALUE
  HOW
TITLE HELD
2006 Dodge Ram truck (post-divorce) $25,000.00 Danny
1948 Willys Jeepster $8,500.00  
Jon boat, motor and trailer $500.00  
Horse trailer $750.00  


CASH AND FINANCIAL ACCOUNTS:


(Banks, savings and loans, and credit unions)

 DESCRIPTION   LOCATION   PRESENT
VALUE
  HOW
TITLE HELD
Checking account Mid-Country $1,500.00 Danny
Saving account Mid-Country $1,000.00 Danny
       
       
       
       

[-9-]


VI.

ASSETS (CONT.)

INVESTMENTS: (Stocks, bonds and other securities)

 DESCRIPTION   LOCATION   PRESENT
VALUE
  HOW
TITLE HELD
None
       
       
       
       
       


RETIREMENT ACCOUNTS:

 TYPE   COMPANY CONTRIBUTORY/
NON-CONTRIBUTORY
PRESENT
VALUE
None
         
     


LIFE INSURANCE:

 TYPE   COMPANY   AMOUNT
COVERAGE
  BENEFICIARY CASH SURR.
VALUE
None
               
       

[-10-]


VI.

ASSETS (CONT.)

HOUSEHOLD GOODS, APPLIANCES AND ALL OTHER PROPERTY NOT PREVIOUSLY LISTED:

 DESCRIPTION PURPOSE PRESENT
VALUE
HOW
TITLE HELD

Marital property Denny received:

Bowflex exercise machine
Stove
2 Refrigerators
Dishwasher
2 Freezers
Master bedroom set
Downstairs bedroom set
Old outside lawn furniture

10 Horses + 2 horses sold
1 Martin guitar
1 Dog
West Frankfort, IL
Same
Same
 $17,750.00 
$9,000.00 
$600.00 
($4,500.00)


VII. DEBTS     (Designate each non-marital debt as "NM")

 NAME OF
CREDITOR
  PURPOSE   BALANCE   MONTHLY
PAYMENT
Merlin Fharli Mortgage loan $200,000.00 ann. interest
Citizen's Bank Truck loan ~ $10,000.00 $463.00
       
       
       
       
       
       

[-11-]


VERIFICATION BY CERTIFICATION

        Under penalties as provided by law pursuant to Section 1-109 of the Code of Civil Procedure, the undersigned certifies that the statements set forth in this instrument are true and correct, except as to matters therein stated to be on information and belief, and as to such matters the undersigned certifies as aforesaid that he verily believes the same to be true.

        DATED:                 7/13               , 2006.


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