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The Sherman Family Charitable Trust

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$43.1k (2023)

Expenses
$156k (2023)

Total Assets
$1.22M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2010 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
$43,109
Expenses
$156,007
Net Income
-$112,898
Net Assets
$1,215,039
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $142
0.3%
Dividends $47,971
> 100%
Sales of Assets -$5,004
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $102,667
65.8%
Compensation of Officers* $65,335
41.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,215,039
Total Liabilities $0
Net Assets $1,215,039
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee) $45,735 $0
Ivan M Sherman (Trustee) $9,800 $0
Mitchell L Sherman (Trustee) $9,800 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,958
Expenses
$114,583
Net Income
$7,375
Net Assets
$1,329,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $126
0.1%
Dividends $48,618
39.9%
Sales of Assets $73,214
60.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,000
69.8%
Compensation of Officers* $30,000
26.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,329,615
Total Liabilities $0
Net Assets $1,329,615
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee) $10,000 $0
Ivan M Sherman (Trustee) $10,000 $0
Mitchell L Sherman (Trustee) $10,000 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$177,953
Expenses
$104,046
Net Income
$73,907
Net Assets
$1,324,770
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $48,867
27.5%
Sales of Assets $129,083
72.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,600
70.7%
Compensation of Officers* $24,949
24.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,324,770
Total Liabilities $0
Net Assets $1,324,770
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee) $8,317 $0
Ivan M Sherman (Trustee) $8,316 $0
Mitchell L Sherman (Trustee) $8,316 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$15,216
Expenses
$117,899
Net Income
-$133,115
Net Assets
$1,247,533
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
Dividends $51,661
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,601
71.8%
Compensation of Officers* $28,678
24.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,247,534
Total Liabilities $1
Net Assets $1,247,533
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee) $0 $0
Ivan M Sherman (Trustee) $0 $0
Mitchell L Sherman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$80,740
Expenses
$126,327
Net Income
-$45,587
Net Assets
$1,386,979
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $178
0.2%
Dividends $59,625
73.8%
Sales of Assets $20,937
25.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,070
68.1%
Compensation of Officers* $29,175
23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,386,980
Total Liabilities $1
Net Assets $1,386,979
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee) $9,725 $0
Ivan M Sherman (Trustee) $9,725 $0
Mitchell L Sherman (Trustee) $9,725 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$95,980
Expenses
$135,990
Net Income
-$40,010
Net Assets
$1,422,735
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $262
0.3%
Dividends $56,306
58.7%
Sales of Assets $38,690
40.3%
Other Income $722
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,210
58.2%
Compensation of Officers* $32,331
23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,422,735
Total Liabilities $0
Net Assets $1,422,735
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee 2) $10,777 $0
Ivan M Sherman (Trustee 3) $10,777 $0
Mitchell L Sherman (Trustee 4) $10,777 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$109,386
Expenses
$180,728
Net Income
-$71,342
Net Assets
$1,463,136
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $68
0.1%
Dividends $56,173
51.4%
Sales of Assets $53,145
48.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,300
43.3%
Compensation of Officers* $50,528
28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,463,136
Total Liabilities $0
Net Assets $1,463,136
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee 2) $16,843 $0
Ivan M Sherman (Trustee 3) $16,843 $0
Mitchell L Sherman (Trustee 4) $16,842 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$56,729
Expenses
$125,962
Net Income
-$69,233
Net Assets
$1,533,089
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $46
0.1%
Dividends $4,315
7.6%
Sales of Assets $52,368
92.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,750
62.5%
Compensation of Officers* $22,794
18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,533,089
Total Liabilities $0
Net Assets $1,533,089
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee 2) $7,598 $0
Ivan M Sherman (Trustee 3) $7,598 $0
Mitchell L Sherman (Trustee 4) $7,598 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$115,439
Expenses
$29,899
Net Income
-$145,338
Net Assets
$1,601,121
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $39
Dividends $56,835
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $1,601,121
Total Liabilities $0
Net Assets $1,601,121

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$190
Net Income
-$189
Net Assets
$45,830
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $45,830
Total Liabilities $0
Net Assets $45,830
Compensation
Key Employees and Officers Compensation Other
Howard B Sherman (Trustee 2) $0 $0
Ivan M Sherman (Trustee 3) $0 $0
Mitchell L Sherman (Trustee 4) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6
Expenses
$168
Net Income
-$162
Net Assets
$46,019
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $46,019
Total Liabilities $0
Net Assets $46,019

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4
Expenses
$10,142
Net Income
-$10,138
Net Assets
$46,181
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
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 $46,181
Total Liabilities $0
Net Assets $46,181

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9
Expenses
$9,133
Net Income
-$9,124
Net Assets
$56,329
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,000
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 $56,329
Total Liabilities $0
Net Assets $56,329

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

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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