Ned And Emily Sherwood Family Foundation

Indianapolis, IN
Tax-exempt since April 1999
EIN: 36-4273196

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.11M (2025)

Expenses

$1.01M (2025)

Total Assets

$2.13M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

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 May
2025

Revenue

$1,105,231

Expenses

$1,010,661

Net Income

$94,570

Net Assets

$2,134,656

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	90.5%
Interest Revenue	$0
Dividends	$75,147	6.8%
Sales of Assets	$30,084	2.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$995,782	98.5%
Compensation of Officers*	$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	$2,134,656
Total Liabilities	$0
Net Assets	$2,134,656

Compensation

Key Employees and Officers	Compensation	Other
Ned L Sherwood (Pres/ Director)	$0	$0
Emily Layzer Sherwood (Vp/ Director)	$0	$0
Richard I Sherwood (Treas/ Director)	$0	$0
Matthew F Sherwood (Sec'y/ Director)	$0	$0

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990-PF

Filed on Dec. 10, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2024

Revenue

-$179,943

Expenses

$952,713

Net Income

-$1,132,656

Net Assets

$2,040,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$92,661
Sales of Assets	-$272,604
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$939,820	98.6%
Compensation of Officers*	$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	$2,040,086
Total Liabilities	$0
Net Assets	$2,040,086

Compensation

Key Employees and Officers	Compensation	Other
Ned L Sherwood (Pres/ Director)	$0	$0
Emily Layzer Sherwood (Vp/ Director)	$0	$0
Richard I Sherwood (Treas/ Director)	$0	$0
Matthew F Sherwood (Sec'y/ Director)	$0	$0

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990-PF

Filed on Oct. 9, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2023

Revenue

-$1,563,260

Expenses

$683,292

Net Income

-$2,246,552

Net Assets

$3,167,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$301,597
Sales of Assets	-$1,864,857
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$583,310	85.4%
Compensation of Officers*	$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	$3,167,995
Total Liabilities	$0
Net Assets	$3,167,995

Compensation

Key Employees and Officers	Compensation	Other
Ned L Sherwood (Pres/ Director)	$0	$0
Emily Layzer Sherwood (Vp/ Director)	$0	$0
Richard I Sherwood (Treas/ Director)	$0	$0
Matthew F Sherwood (Sec'y/ Director)	$0	$0

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990-PF

Filed on Oct. 4, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2022

Revenue

$1,711,735

Expenses

$937,876

Net Income

$773,859

Net Assets

$5,437,607

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,344,225	78.5%
Sales of Assets	$367,510	21.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$617,200	65.8%
Compensation of Officers*	$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	$8,678,603
Total Liabilities	$3,240,996
Net Assets	$5,437,607

Compensation

Key Employees and Officers	Compensation	Other
Ned L Sherwood (Pres/ Director)	$0	$0
Emily Layzer Sherwood (Vp/ Director)	$0	$0
Richard I Sherwood (Treas/ Director)	$0	$0
Matthew F Sherwood (Sec'y/ Director)	$0	$0

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990-PF

Filed on Jan. 12, 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 May
2021

Revenue

-$927,775

Expenses

$554,908

Net Income

-$1,482,683

Net Assets

$4,551,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000
Interest Revenue	$0
Dividends	$60,084
Sales of Assets	-$1,087,859
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$540,430	97.4%
Compensation of Officers*	$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	$6,341,476
Total Liabilities	$1,789,927
Net Assets	$4,551,549

Compensation

Key Employees and Officers	Compensation	Other
Ned L Sherwood (Pres/ Director)	$0	$0
Emily Layzer Sherwood (Vp/ Director)	$0	$0
Richard I Sherwood (Treas/ Director)	$0	$0
Matthew F Sherwood (Sec'y/ Director)	$0	$0

+ View more people

990-PF

Filed on Jan. 11, 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 May
2020

Revenue

$270,447

Expenses

$631,505

Net Income

-$361,058

Net Assets

$6,128,974

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$85,165	31.5%
Sales of Assets	$185,282	68.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$617,628	97.8%
Compensation of Officers*	$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	$6,128,974
Total Liabilities	$0
Net Assets	$6,128,974

990-PF

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

PDF

PDF (2 of 2)

990-T

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

PDF

Fiscal Year Ending May
2019

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

990-PF

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

PDF

Fiscal Year Ending May
2018

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

990-PF

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

PDF

Fiscal Year Ending May
2017

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

990-PF

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

PDF

Fiscal Year Ending May
2016

Revenue

-$80,192

Expenses

$562,181

Net Income

-$642,373

Net Assets

$6,205,771

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$161,929
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$510,416	90.8%
Compensation of Officers*	$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	$6,377,227
Total Liabilities	$171,456
Net Assets	$6,205,771

990-PF

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

PDF

Fiscal Year Ending May
2015

Revenue

$3,148,047

Expenses

$578,016

Net Income

$2,570,031

Net Assets

$6,848,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,243,476	39.5%
Interest Revenue	$10	0.0%
Dividends	$210,667	6.7%
Sales of Assets	$1,693,894	53.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$558,866	96.7%
Compensation of Officers*	$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	$8,555,192
Total Liabilities	$1,707,048
Net Assets	$6,848,144

990-PF

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

PDF

Fiscal Year Ending May
2014

Revenue

$329,395

Expenses

$410,296

Net Income

-$80,901

Net Assets

$4,278,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$187,179	56.8%
Sales of Assets	$142,213	43.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$390,853	95.3%
Compensation of Officers*	$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	$6,206,529
Total Liabilities	$1,928,416
Net Assets	$4,278,113

990-PF

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

PDF

Fiscal Year Ending May
2013

Revenue

$303,884

Expenses

$290,538

Net Income

$13,346

Net Assets

$4,359,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$176,441	58.1%
Sales of Assets	$127,443	41.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$283,922	97.7%
Compensation of Officers*	$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	$4,359,014
Total Liabilities	$0
Net Assets	$4,359,014

990-PF

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

PDF

Fiscal Year Ending May
2012

Revenue

$275,643

Expenses

$423,415

Net Income

-$147,772

Net Assets

$4,346,253

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$156,575	56.8%
Sales of Assets	$119,068	43.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$415,000	98.0%
Compensation of Officers*	$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	$4,346,253
Total Liabilities	$0
Net Assets	$4,346,253

990-PF

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

PDF

Fiscal Year Ending May
2011

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

990-PF

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

PDF

Fiscal Year Ending May
2010

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

990-PF

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

PDF

Fiscal Year Ending May
2009

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

990-PF

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

PDF

Fiscal Year Ending May
2008

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

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending May
2007

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

990-PF

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

PDF

Fiscal Year Ending May
2006

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

990-PF

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

PDF

Fiscal Year Ending May
2005

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

990-PF

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

PDF

Fiscal Year Ending May
2004

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

990-PF

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

PDF

Fiscal Year Ending May
2003

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

990-PF

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

PDF

Fiscal Year Ending May
2002

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

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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Updated January 26, 2026

Ned And Emily Sherwood Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.11M (2025)

Expenses $1.01M (2025)

Total Assets $2.13M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending May 2019

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2012

Revenue

$1.11M (2025)

Expenses

$1.01M (2025)

Total Assets

$2.13M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending May
2025

Fiscal Year Ending May
2024

Fiscal Year Ending May
2023

Fiscal Year Ending May
2022

Fiscal Year Ending May
2021

Fiscal Year Ending May
2020

Fiscal Year Ending May
2019

Fiscal Year Ending May
2018

Fiscal Year Ending May
2017

Fiscal Year Ending May
2016

Fiscal Year Ending May
2015

Fiscal Year Ending May
2014

Fiscal Year Ending May
2013

Fiscal Year Ending May
2012

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002