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Leonard & Diane Sherman Family Foundation

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 / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$231k (2023)

Expenses
$1.74M (2023)

Total Assets
$37.5M (2023)

Total Liabilities
$920k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$230,988
Expenses
$1,736,877
Net Income
-$1,505,889
Net Assets
$36,548,063
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $213,747
92.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,896
3.9%
Net Inventory Sales $0
Other Revenue $8,345
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,468,134
Total Liabilities $920,071
Net Assets $36,548,063
Compensation
Key Employees and Officers Compensation Related Other
David S Rosen (Treasurer) $0 $645,663 $55,583
Dr Steven B Nasatir (Director) $0 $547,025 $34,263
Eric Devir (Secretary) $0 $97,458 $20,231
David A Sherman (President) $0 $0 $0
Miriam Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Mark Gaines (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
James A Pinkston (Assistant Treasurer) $0 $301,042 $42,157
Peter Chiswick (Assistant Treasurer) $0 $230,261 $58,661

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$804,063
Expenses
$1,832,504
Net Income
-$1,028,441
Net Assets
$35,100,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $736,320
91.6%
Program Services $0
Investment Income $1,824
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $65,919
8.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,886,447
Total Liabilities $785,575
Net Assets $35,100,872
Compensation
Key Employees and Officers Compensation Related Other
Dr Steven B Nasatir (Director) $0 $508,347 $16,124
David S Rosen (Treasurer) $0 $423,355 $47,244
Eric Devir (Secretary) $0 $88,510 $17,536
Leonard Sherman (President (Until 11/21)) $0 $0 $0
David A Sherman (President) $0 $0 $0
Miriam Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Mark Gaines (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
James A Pinkston (Assistant Treasurer) $0 $293,232 $36,845
Peter Chiswick (Assistant Treasurer) $0 $222,096 $57,766

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,695
Expenses
$637,017
Net Income
-$551,322
Net Assets
$39,470,572
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,446
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $79,831
93.2%
Net Inventory Sales $0
Other Revenue $4,418
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,724,872
Total Liabilities $254,300
Net Assets $39,470,572
Compensation
Key Employees and Officers Compensation Related Other
Dr Steven B Nasatir (Director (See Sch. J, Part Iii)) $0 $505,244 $15,794
David S Rosen (Treasurer) $0 $408,789 $37,679
Eric Devir (Secretary) $0 $84,729 $15,351
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
Melvin Bloom (Director (Until 9/20)) $0 $0 $0
David T Brown (Director) $0 $0 $0
Mark Gaines (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
James A Pinkston (Assistant Treasurer) $0 $284,099 $30,857

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$531,669
Expenses
$497,554
Net Income
$34,115
Net Assets
$30,946,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $470,000
88.4%
Program Services $0
Investment Income $4,924
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $56,745
10.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,957,229
Total Liabilities $10,300
Net Assets $30,946,929
Compensation
Key Employees and Officers Compensation Related Other
Dr Steven B Nasatir (Director (See Sch. J, Part Iii)) $0 $755,570 $23,787
David S Rosen (Treasurer) $0 $393,648 $87,611
James A Pinkston (Assistant Treasurer) $0 $269,532 $25,907
Eric Devir (Secretary) $0 $78,481 $13,394
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$805,444
Expenses
$503,931
Net Income
$301,513
Net Assets
$29,815,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $751,100
93.3%
Program Services $0
Investment Income $14,024
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,838
4.9%
Net Inventory Sales $0
Other Revenue $482
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,859,607
Total Liabilities $43,634
Net Assets $29,815,973
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Dr Steven B Nasatir (Director (See Sch. J, Part Iii)) $0 $1,043,555 $73,033
Eric Devir (Secretary) $0 $70,371 $11,820
David S Rosen (Treasurer) $0 $387,349 $180,965
James A Pinkston (Assistant Treasurer) $0 $259,743 $25,665

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,483
Expenses
$582,672
Net Income
-$390,189
Net Assets
$27,955,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $400
0.2%
Program Services $0
Investment Income $17,500
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $174,583
90.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,534,013
Total Liabilities $578,367
Net Assets $27,955,646
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Dr Steven B Nasatir (Director) $0 $635,859 $28,149
Eric Devir (Secretary) $0 $68,713 $11,510
David S Rosen (Treasurer) $0 $362,257 $197,934
James A Pinkston (Assistant Treasurer) $0 $249,379 $22,181

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,922
Expenses
$513,007
Net Income
-$454,085
Net Assets
$25,536,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,651
18.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $48,140
81.7%
Net Inventory Sales $0
Other Revenue $131
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,546,450
Total Liabilities $10,180
Net Assets $25,536,270
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
David T Brown (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Max Schrayer (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Dr Steven B Nasatir (Director) $0 $604,957 $83,286
Eric Devir (Secretary) $0 $65,610 $11,585
David S Rosen (Treasurer) $0 $339,337 $181,437
James A Pinkston (Asst. Secretary & Asst. Treasurer) $0 $233,287 $20,742

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,093
Expenses
$606,832
Net Income
-$549,739
Net Assets
$23,658,435
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,600
2.8%
Program Services $0
Investment Income $16,597
29.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $38,896
68.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,668,275
Total Liabilities $9,840
Net Assets $23,658,435
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
David A Sherman (Vice President) $0 $0 $0
Eric Devir (Secretary) $0 $61,308 $11,097
David S Rosen (Treasurer) $0 $327,223 $157,344
David T Brown (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Steven Felsenthal (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Steven B Nasatir (Director) $0 $595,520 $85,253
James A Pinkston (Asst. Secretary & Asst. Treasurer) $0 $228,492 $19,764

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,402
Expenses
$473,918
Net Income
-$239,516
Net Assets
$24,233,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $39,471
16.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $194,782
83.1%
Net Inventory Sales $0
Other Revenue $149
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,242,635
Total Liabilities $8,900
Net Assets $24,233,735
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
David T Brown (Vice President) $0 $0 $0
David A Sherman (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Steven Felsenthal (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Steven B Nasatir (Director) $0 $560,049 $82,972
Eric Devir (Secretary) $0 $56,380 $10,592
David S Rosen (Treasurer) $0 $327,282 $138,403
James Pinkston (Assistant Treasurer) $0 $239,462 $17,289
Michael Tarnoff (Assistant Secretary) $0 $271,972 $20,288

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,489
Expenses
$389,479
Net Income
$14,010
Net Assets
$23,321,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $267,489
66.3%
Program Services $0
Investment Income $28,966
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $107,034
26.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,329,771
Total Liabilities $8,190
Net Assets $23,321,581
Compensation
Key Employees and Officers Compensation Related Other
Leonard Sherman (President) $0 $0 $0
Howard Helsinger (Vice President) $0 $0 $0
David A Sherman (Director) $0 $0 $0
Melvyn Bloom (Director) $0 $0 $0
Steven Felsenthal (Director) $0 $0 $0
Larry H Pachter (Director) $0 $0 $0
Steven B Nasatir (Director) $0 $532,062 $99,357
Eric Devir (Secretary) $0 $49,495 $11,784
David S Rosen (Treasurer) $0 $303,845 $135,252
James Pinkston (Assistant Treasurer) $0 $208,467 $15,045
Michael Tarnoff (Assistant Secretary) $0 $337,946 $19,634

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,323,055
Expenses
$307,091
Net Income
$16,015,964
Net Assets
$21,088,131
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,221,553
99.4%
Program Services $0
Investment Income $35,693
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $65,809
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,094,151
Total Liabilities $6,020
Net Assets $21,088,131

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,998
Expenses
$255,266
Net Income
-$188,268
Net Assets
$4,451,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,500
35.1%
Program Services $0
Investment Income $45,283
67.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,785
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,456,441
Total Liabilities $4,650
Net Assets $4,451,791

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$914,853
Expenses
$246,074
Net Income
$668,779
Net Assets
$4,630,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $341,227
37.3%
Program Services $0
Investment Income $523,597
57.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $50,029
5.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,660,021
Total Liabilities $29,650
Net Assets $4,630,371

Document Links

Fiscal Year Ending June
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

Fiscal Year Ending June
2009

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

Fiscal Year Ending June
2008

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

Fiscal Year Ending June
2007

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

Fiscal Year Ending June
2006

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

Fiscal Year Ending June
2005

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

Fiscal Year Ending June
2004

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

Fiscal Year Ending Dec.
2003

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

Fiscal Year Ending Dec.
2001

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

About 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 »

Get the Data

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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