Herbert Bearman Foundation Inc

Brooklandvl, MD
Tax-exempt since Oct. 1998
EIN: 31-1602562

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.05M (2024)

Expenses

$2.46M (2024)

Total Assets

$33.6M (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

$3,046,327

Expenses

$2,455,785

Net Income

$590,542

Net Assets

$33,558,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$880	0.0%
Dividends	$1,292,148	42.4%
Sales of Assets	$1,624,632	53.3%
Other Income	$128,667	4.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,128,917	86.7%
Compensation of Officers*	$161,504	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,558,416
Total Liabilities	$0
Net Assets	$33,558,416

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Coo)	$161,504	$30,595
Sheldon Bearman (President)	$0	$0
Arlene Bearman (Vice Pres.)	$0	$0

990-PF

Filed on Nov. 10, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$896,810

Expenses

$2,486,774

Net Income

-$1,589,964

Net Assets

$32,169,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,201,751	> 100%
Sales of Assets	-$392,156
Other Income	$87,215	9.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,177,798	87.6%
Compensation of Officers*	$157,412	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,169,305
Total Liabilities	$0
Net Assets	$32,169,305

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$157,412	$44,474
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Nov. 12, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$614,358

Expenses

$2,319,247

Net Income

-$1,704,889

Net Assets

$33,735,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,109,246	> 100%
Sales of Assets	-$533,989
Other Income	$39,101	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,993,609	86.0%
Compensation of Officers*	$152,984	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,735,485
Total Liabilities	$0
Net Assets	$33,735,485

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$152,984	$39,154
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Nov. 15, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$3,556,914

Expenses

$2,349,198

Net Income

$1,207,716

Net Assets

$35,333,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$987,833	27.8%
Sales of Assets	$2,478,377	69.7%
Other Income	$90,704	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,085,686	88.8%
Compensation of Officers*	$142,394	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$35,333,793
Total Liabilities	$0
Net Assets	$35,333,793

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$142,394	$43,983
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Nov. 8, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$1,280,963

Expenses

$2,238,779

Net Income

-$957,816

Net Assets

$34,063,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,165	0.2%
Interest Revenue	$0
Dividends	$915,864	71.5%
Sales of Assets	$197,633	15.4%
Other Income	$165,301	12.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,954,458	87.3%
Compensation of Officers*	$142,303	6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,063,769
Total Liabilities	$1
Net Assets	$34,063,768

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$142,303	$34,254
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Oct. 20, 2021

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$2,005,360

Expenses

$2,244,548

Net Income

-$239,188

Net Assets

$34,739,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,435,896	71.6%
Sales of Assets	$569,464	28.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,865,083	83.1%
Compensation of Officers*	$142,303	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,739,542
Total Liabilities	$1
Net Assets	$34,739,541

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$142,303	$26,902
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Oct. 9, 2020

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

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$2,717,815

Expenses

$2,094,513

Net Income

$623,302

Net Assets

$34,873,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,361,614	50.1%
Sales of Assets	$1,302,023	47.9%
Other Income	$54,178	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,782,644	85.1%
Compensation of Officers*	$137,039	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	$34,873,434
Total Liabilities	$0
Net Assets	$34,873,434

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$137,039	$26,295
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Nov. 1, 2019

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

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$3,553,560

Expenses

$2,333,989

Net Income

$1,219,571

Net Assets

$34,250,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,142,465	32.1%
Sales of Assets	$2,410,384	67.8%
Other Income	$711	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,117,597	90.7%
Compensation of Officers*	$137,039	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,250,132
Total Liabilities	$0
Net Assets	$34,250,132

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$137,039	$23,686
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Sept. 26, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$1,497,286

Expenses

$2,117,520

Net Income

-$620,234

Net Assets

$33,114,527

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,195,116	79.8%
Sales of Assets	$25,709	1.7%
Other Income	$276,461	18.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,865,097	88.1%
Compensation of Officers*	$123,709	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,114,527
Total Liabilities	$0
Net Assets	$33,114,527

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$123,709	$28,487
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Oct. 30, 2017

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,737,510

Expenses

$2,156,439

Net Income

$581,071

Net Assets

$33,734,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$955,179	34.9%
Sales of Assets	$1,217,983	44.5%
Other Income	$564,348	20.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,802,579	83.6%
Compensation of Officers*	$120,935	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,734,761
Total Liabilities	$0
Net Assets	$33,734,761

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$120,935	$31,397
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Oct. 27, 2016

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

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Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$2,182,522

Expenses

$1,789,482

Net Income

$393,040

Net Assets

$33,020,287

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$907,324	41.6%
Sales of Assets	$988,936	45.3%
Other Income	$286,262	13.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,483,301	82.9%
Compensation of Officers*	$118,115	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,020,287
Total Liabilities	$0
Net Assets	$33,020,287

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$118,115	$25,582
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Oct. 6, 2015

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

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Schedules ▼

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Fiscal Year Ending Dec.
2013

Revenue

$2,142,526

Expenses

$2,148,333

Net Income

-$5,807

Net Assets

$32,653,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$876,601	40.9%
Sales of Assets	$1,193,372	55.7%
Other Income	$72,553	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,909,188	88.9%
Compensation of Officers*	$115,400	5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,653,757
Total Liabilities	$0
Net Assets	$32,653,757

Compensation

Key Employees and Officers	Compensation	Other
Mark Bearman (Chief Operating Officer)	$115,400	$20,898
Sheldon Bearman (President & Treasurer)	$0	$0
Arlene Bearman (Vice President & Secretary)	$0	$0

990-PF

Filed on Nov. 10, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$2,528,934

Expenses

$1,597,040

Net Income

$931,894

Net Assets

$32,452,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$952,252	37.7%
Sales of Assets	$1,519,255	60.1%
Other Income	$57,427	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,337,600	83.8%
Compensation of Officers*	$111,123	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,452,046
Total Liabilities	$1
Net Assets	$32,452,045

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,685,590

Expenses

$1,923,042

Net Income

-$237,452

Net Assets

$32,410,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,042,338	61.8%
Sales of Assets	$643,252	38.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,806,482	93.9%
Compensation of Officers*	$105,229	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,410,757
Total Liabilities	$1
Net Assets	$32,410,756

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Updated January 26, 2026

Herbert Bearman Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.05M (2024)

Expenses $2.46M (2024)

Total Assets $33.6M (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

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

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

990-T

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

Revenue

$3.05M (2024)

Expenses

$2.46M (2024)

Total Assets

$33.6M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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