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Sherman Family Foundation

Sherman George M Ttee

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
$3.68M (2023)

Expenses
$19.8M (2023)

Total Assets
$87.5M (2023)

Total Liabilities
$20k (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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,680,497
Expenses
$19,793,246
Net Income
-$16,112,749
Net Assets
$87,476,501
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,582,129
43.0%
Dividends $1,478,361
40.2%
Sales of Assets $556,185
15.1%
Other Income $63,822
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,520,920
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 $87,496,501
Total Liabilities $20,000
Net Assets $87,476,501
Compensation
Key Employees and Officers Compensation Other
Joshua Michael (Executive Director) $183,333 $0
Betsy Sherman (Trustee) $0 $0
David Sherman (Trustee) $0 $0
Michael Sherman (Trustee) $0 $0
Jonathan Sherman (Trustee) $0 $0
Matthew Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,263,499
Expenses
$13,507,926
Net Income
-$11,244,427
Net Assets
$103,589,250
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $388,127
17.1%
Dividends $816,197
36.1%
Sales of Assets $1,043,118
46.1%
Other Income $16,057
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,282,890
98.3%
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 $103,594,473
Total Liabilities $5,223
Net Assets $103,589,250
Compensation
Key Employees and Officers Compensation Other
Joshua Michael (Executive Director) $130,000 $0
Betsy Sherman (Trustee) $0 $0
David Sherman (Trustee) $0 $0
Michael Sherman (Trustee) $0 $0
Jonathan Sherman (Trustee) $0 $0
Matthew Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$87,345,670
Expenses
$5,938,364
Net Income
$81,407,306
Net Assets
$114,550,565
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $60,000,000
68.7%
Interest Revenue $81,522
0.1%
Dividends $710,221
0.8%
Sales of Assets $25,845,148
29.6%
Other Income $708,779
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,485,664
92.4%
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 $114,550,565
Total Liabilities $0
Net Assets $114,550,565
Compensation
Key Employees and Officers Compensation Other
Betsy Sherman (Trustee) $0 $0
David Sherman (Trustee) $0 $0
Michael Sherman (Trustee) $0 $0
Jonathan Sherman (Trustee) $0 $0
Matthew Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,649,879
Expenses
$3,921,481
Net Income
$2,728,398
Net Assets
$41,941,687
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,148
0.0%
Dividends $323,355
4.9%
Sales of Assets $6,139,294
92.3%
Other Income $185,082
2.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,819,478
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 $41,941,688
Total Liabilities $1
Net Assets $41,941,687
Compensation
Key Employees and Officers Compensation Other
Betsy Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,647,976
Expenses
$3,802,507
Net Income
$2,845,469
Net Assets
$40,938,728
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,199
0.0%
Dividends $341,500
5.1%
Sales of Assets $6,222,138
93.6%
Other Income $82,139
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,785,734
99.6%
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 $40,938,728
Total Liabilities $0
Net Assets $40,938,728

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,854,201
Expenses
$3,870,024
Net Income
-$15,823
Net Assets
$38,762,839
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,192
0.1%
Dividends $363,538
9.4%
Sales of Assets $3,007,389
78.0%
Other Income $480,082
12.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,854,279
99.6%
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 $38,762,839
Total Liabilities $0
Net Assets $38,762,839
Compensation
Key Employees and Officers Compensation Other
George M Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,390,128
Expenses
$3,431,223
Net Income
$6,958,905
Net Assets
$44,272,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,959,869
28.5%
Interest Revenue $797
0.0%
Dividends $249,329
2.4%
Sales of Assets $7,062,833
68.0%
Other Income $117,300
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,419,508
99.7%
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 $44,272,479
Total Liabilities $0
Net Assets $44,272,479
Compensation
Key Employees and Officers Compensation Other
George M Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,888,272
Expenses
$2,993,265
Net Income
-$1,104,993
Net Assets
$32,233,929
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $251
0.0%
Dividends $201,103
10.7%
Sales of Assets $1,699,492
90.0%
Other Income -$12,574
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,984,300
99.7%
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 $32,233,929
Total Liabilities $0
Net Assets $32,233,929
Compensation
Key Employees and Officers Compensation Other
George M Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,435,546
Expenses
$2,876,306
Net Income
-$1,440,760
Net Assets
$26,436,503
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $171
0.0%
Dividends $198,641
13.8%
Sales of Assets $1,358,514
94.6%
Other Income -$121,780
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,860,925
99.5%
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 $26,436,503
Total Liabilities $0
Net Assets $26,436,503
Compensation
Key Employees and Officers Compensation Other
George M Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,638,813
Expenses
$2,397,516
Net Income
$241,297
Net Assets
$32,525,938
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $223
0.0%
Dividends $292,866
11.1%
Sales of Assets $2,380,074
90.2%
Other Income -$34,350
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,358,015
98.4%
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 $32,525,938
Total Liabilities $0
Net Assets $32,525,938
Compensation
Key Employees and Officers Compensation Other
George M Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,532,821
Expenses
$2,397,352
Net Income
-$864,531
Net Assets
$33,789,849
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $118
0.0%
Dividends $227,843
14.9%
Sales of Assets $1,276,042
83.2%
Other Income $28,818
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,369,622
98.8%
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 $33,789,849
Total Liabilities $0
Net Assets $33,789,849

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,658,547
Expenses
$2,301,664
Net Income
$4,356,883
Net Assets
$28,884,885
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,477,340
82.3%
Interest Revenue $248
0.0%
Dividends $210,446
3.2%
Sales of Assets $462,747
6.9%
Other Income $507,766
7.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,287,937
99.4%
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 $28,884,885
Total Liabilities $0
Net Assets $28,884,885

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$379,065
Expenses
$469,982
Net Income
-$90,917
Net Assets
$19,024,880
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $508
0.1%
Dividends $196,651
51.9%
Sales of Assets $267,220
70.5%
Other Income -$85,314
Notable Expenses Percent of Total Expenses
Charitable Disbursements $453,063
96.4%
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 $19,024,880
Total Liabilities $0
Net Assets $19,024,880

Document Links

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

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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.
2002

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.

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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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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.
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  • 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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