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Sherman Harold Q Trust Under Will

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 / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$573k (2024)

Expenses
$402k (2024)

Total Assets
$5.73M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2013 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
$572,881
Expenses
$402,458
Net Income
$170,423
Net Assets
$5,727,838
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13,384
2.3%
Dividends $210,157
36.7%
Sales of Assets $349,340
61.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $368,792
91.6%
Compensation of Officers* $45,376
11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,727,838
Total Liabilities $0
Net Assets $5,727,838
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $45,376 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$297,136
Expenses
$326,061
Net Income
-$28,925
Net Assets
$5,557,415
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,504
3.9%
Dividends $117,248
39.5%
Sales of Assets $168,384
56.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $295,977
90.8%
Compensation of Officers* $42,459
13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,557,415
Total Liabilities $0
Net Assets $5,557,415
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $42,459 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$308,838
Expenses
$410,255
Net Income
-$101,417
Net Assets
$5,586,340
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,223
1.0%
Dividends $130,589
42.3%
Sales of Assets $173,210
56.1%
Other Income $1,816
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $374,363
91.3%
Compensation of Officers* $43,334
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,586,340
Total Liabilities $0
Net Assets $5,586,340
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $43,334 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$724,289
Expenses
$352,034
Net Income
$372,255
Net Assets
$5,687,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $35
0.0%
Dividends $172,905
23.9%
Sales of Assets $551,349
76.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $313,798
89.1%
Compensation of Officers* $45,286
12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,687,757
Total Liabilities $0
Net Assets $5,687,757
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $45,286 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$281,640
Expenses
$348,453
Net Income
-$66,813
Net Assets
$5,315,501
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $678
0.2%
Dividends $126,184
44.8%
Sales of Assets $154,778
55.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $313,280
89.9%
Compensation of Officers* $41,213
11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,315,502
Total Liabilities $1
Net Assets $5,315,501
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $41,213 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$352,568
Expenses
$346,817
Net Income
$5,751
Net Assets
$5,382,315
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,974
1.1%
Dividends $147,155
41.7%
Sales of Assets $201,439
57.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $303,434
87.5%
Compensation of Officers* $38,567
11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,382,315
Total Liabilities $0
Net Assets $5,382,315

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$362,181
Expenses
$332,105
Net Income
$30,076
Net Assets
$5,376,564
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,147
0.9%
Dividends $145,432
40.2%
Sales of Assets $213,602
59.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $292,790
88.2%
Compensation of Officers* $35,164
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,376,564
Total Liabilities $0
Net Assets $5,376,564
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $35,164 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$277,453
Expenses
$315,969
Net Income
-$38,516
Net Assets
$5,346,488
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,089
0.4%
Dividends $158,533
57.1%
Sales of Assets $117,831
42.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $281,028
88.9%
Compensation of Officers* $33,113
10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,346,488
Total Liabilities $0
Net Assets $5,346,488
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $33,113 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$171,272
Expenses
$321,172
Net Income
-$149,900
Net Assets
$5,385,004
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $33
0.0%
Dividends $129,723
75.7%
Sales of Assets $41,516
24.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $292,538
91.1%
Compensation of Officers* $28,274
8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,385,004
Total Liabilities $0
Net Assets $5,385,004
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $28,274 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$151,789
Expenses
$340,441
Net Income
-$188,652
Net Assets
$5,534,904
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10
0.0%
Dividends $106,814
70.4%
Sales of Assets $44,965
29.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $296,470
87.1%
Compensation of Officers* $29,516
8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,534,904
Total Liabilities $0
Net Assets $5,534,904
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $29,516 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$717,653
Expenses
$285,566
Net Income
$432,087
Net Assets
$5,723,556
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $21
0.0%
Dividends $186,468
26.0%
Sales of Assets $531,164
74.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $254,654
89.2%
Compensation of Officers* $29,482
10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,723,556
Total Liabilities $0
Net Assets $5,723,556
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $29,482 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,460,538
Expenses
$169,069
Net Income
$5,291,469
Net Assets
$5,291,469
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,291,327
96.9%
Interest Revenue $37
0.0%
Dividends $172,367
3.2%
Sales of Assets -$3,193
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $143,883
85.1%
Compensation of Officers* $24,604
14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,291,469
Total Liabilities $0
Net Assets $5,291,469
Compensation
Key Employees and Officers Compensation Other
Citizens & Northern Bank (Trustee) $24,604 $0

Document Links

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.

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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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