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Michael T Sherman Foundation

  • Boston, MA
  • Tax-exempt since Feb. 2011
  • EIN: 27-3842131

Organization summary

Type of Nonprofit

Designated as a 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: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.05M (2024)

Expenses
$528k (2024)

Total Assets
$3.49M (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,052,307
Expenses
$528,349
Net Income
$523,958
Net Assets
$3,493,986
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $764,415
72.6%
Interest Revenue $0
Dividends $119,851
11.4%
Sales of Assets $154,862
14.7%
Other Income $13,179
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $465,588
88.1%
Compensation of Officers* $34,395
6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,493,986
Total Liabilities $0
Net Assets $3,493,986
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $16,198 $0
Nancy B Gardiner (Trustee) $16,197 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 20, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$396,759
Expenses
$360,357
Net Income
$36,402
Net Assets
$3,169,650
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $250,000
63.0%
Interest Revenue $0
Dividends $97,098
24.5%
Sales of Assets $47,148
11.9%
Other Income $2,513
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $308,935
85.7%
Compensation of Officers* $27,208
7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,169,650
Total Liabilities $0
Net Assets $3,169,650
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $12,604 $0
Nancy B Gardiner (Trustee) $12,604 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 9, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$240,008
Expenses
$338,040
Net Income
-$98,032
Net Assets
$3,136,572
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $75,347
31.4%
Sales of Assets $164,661
68.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $284,216
84.1%
Compensation of Officers* $28,571
8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,136,572
Total Liabilities $0
Net Assets $3,136,572
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $12,286 $0
Nancy B Gardiner (Trustee) $12,285 $0
Mark Mccloskey (Trustee) $2,000 $0
Lee Bodock (Trustee) $2,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$637,310
Expenses
$303,237
Net Income
$334,073
Net Assets
$3,260,970
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $246,238
38.6%
Interest Revenue $0
Dividends $76,965
12.1%
Sales of Assets $313,446
49.2%
Other Income $661
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $252,341
83.2%
Compensation of Officers* $30,430
10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,260,970
Total Liabilities $0
Net Assets $3,260,970
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $12,215 $0
Nancy B Gardiner (Trustee) $12,215 $0
Mark Mccloskey (Trustee) $3,000 $0
Lee Bodock (Trustee) $3,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 11, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$345,507
Expenses
$307,121
Net Income
$38,386
Net Assets
$2,982,209
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $84,311
24.4%
Sales of Assets $256,427
74.2%
Other Income $4,769
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $258,364
84.1%
Compensation of Officers* $25,296
8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,982,210
Total Liabilities $1
Net Assets $2,982,209
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $11,648 $0
Nancy B Gardiner (Trustee) $11,648 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 12, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$845,491
Expenses
$254,119
Net Income
$591,372
Net Assets
$2,944,905
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $534,913
63.3%
Interest Revenue $0
Dividends $81,879
9.7%
Sales of Assets $228,699
27.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $207,734
81.7%
Compensation of Officers* $24,317
9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,944,906
Total Liabilities $1
Net Assets $2,944,905
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $11,159 $0
Nancy B Gardiner (Trustee) $11,158 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 12, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$905,441
Expenses
$168,265
Net Income
$737,176
Net Assets
$2,709,034
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $498,634
55.1%
Interest Revenue $0
Dividends $70,447
7.8%
Sales of Assets $336,360
37.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,718
71.1%
Compensation of Officers* $21,617
12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,709,034
Total Liabilities $0
Net Assets $2,709,034
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $9,809 $0
Nancy B Gardiner (Trustee) $9,808 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,164,236
Expenses
$147,798
Net Income
$1,016,438
Net Assets
$2,326,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $994,662
85.4%
Interest Revenue $0
Dividends $51,905
4.5%
Sales of Assets $117,282
10.1%
Other Income $387
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $117,670
79.6%
Compensation of Officers* $21,899
14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,326,416
Total Liabilities $0
Net Assets $2,326,416
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $8,950 $0
Nancy B Gardiner (Trustee) $8,949 $0
Mark Mccloskey (Trustee) $2,000 $0
Lee Bodock (Trustee) $2,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 9, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$62,668
Expenses
$127,582
Net Income
-$64,914
Net Assets
$1,573,894
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $44,849
71.6%
Sales of Assets $17,683
28.2%
Other Income $136
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $105,577
82.8%
Compensation of Officers* $13,998
11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,573,894
Total Liabilities $0
Net Assets $1,573,894
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $6,999 $0
Nancy B Gardiner (Trustee) $6,999 $0
Michael T Sherman (Trustee) $0 $0
Mark Mccloskey (Trustee) $0 $0
Lee Bodock (Trustee) $0 $0
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Document Links

990-PF
Filed on May 12, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$106,453
Expenses
$128,999
Net Income
-$22,546
Net Assets
$1,641,280
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,464
6.1%
Interest Revenue $0
Dividends $46,591
43.8%
Sales of Assets $53,398
50.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $104,236
80.8%
Compensation of Officers* $22,436
17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,641,280
Total Liabilities $0
Net Assets $1,641,280
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $10,218 $0
Nancy B Gardiner (Trustee) $10,218 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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990-PF
Filed on May 13, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$113,533
Expenses
$126,252
Net Income
-$12,719
Net Assets
$1,661,393
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $47,893
42.2%
Sales of Assets $65,476
57.7%
Other Income $164
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $102,771
81.4%
Compensation of Officers* $23,216
18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,661,393
Total Liabilities $0
Net Assets $1,661,393
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $10,608 $0
Nancy B Gardiner (Trustee) $10,608 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,313
Expenses
$106,847
Net Income
-$64,534
Net Assets
$1,674,111
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $42,659
> 100%
Sales of Assets -$478
Other Income $132
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,703
80.2%
Compensation of Officers* $21,354
20.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,674,111
Total Liabilities $0
Net Assets $1,674,111
Compensation
Key Employees and Officers Compensation Other
Arthur B Page (Trustee) $9,677 $0
Nancy B Gardiner (Trustee) $9,677 $0
Mark Mccloskey (Trustee) $1,000 $0
Lee Bodock (Trustee) $1,000 $0
Michael T Sherman (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 13, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,363
Expenses
$80,140
Net Income
-$28,777
Net Assets
$1,762,853
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,743
48.2%
Interest Revenue $0
Dividends $30,175
58.7%
Sales of Assets $0
Other Income $381
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,500
63.0%
Compensation of Officers* $19,595
24.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,762,854
Total Liabilities $1
Net Assets $1,762,853

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,823,592
Expenses
$31,983
Net Income
$1,791,609
Net Assets
$1,791,630
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,927,500
> 100%
Interest Revenue $0
Dividends $487
0.0%
Sales of Assets $0
Other Income $24,982
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35
0.1%
Compensation of Officers* $2,635
8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,791,631
Total Liabilities $1
Net Assets $1,791,630

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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