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Sherman Rotary Club Charitable And Scholarship Foundation Inc

  • Sherman, TX
  • Tax-exempt since Nov. 1971
  • EIN: 75-1250453

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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$29.5k (2024)

Expenses
$39k (2024)

Total Assets
$375k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,466
Expenses
$39,019
Net Income
-$9,553
Net Assets
$374,948
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,350
21.6%
Interest Revenue $0
Dividends $12,548
42.6%
Sales of Assets $10,568
35.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,500
80.7%
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 $374,948
Total Liabilities $0
Net Assets $374,948
Compensation
Key Employees and Officers Compensation Other
Jerry Holbert (Foundation Chair) $0 $0
Greg Pittman (Secretary/Treasurer) $0 $0
Deborah Boring (Vice Chair) $0 $0
John Spears (Trustee) $0 $0
Paul Terrell (Trustee) $0 $0
Kenny Walker (Trustee) $0 $0
Shirley Chitwood (Trustee) $0 $0
Wendy Brown (Trustee) $0 $0
Teresa Johnson (Trustee) $0 $0
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Document Links

990-PF
Filed on May 14, 2025

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

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,751
Expenses
$35,408
Net Income
-$37,159
Net Assets
$383,408
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000
Interest Revenue $0
Dividends $10,498
Sales of Assets -$14,249
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,000
76.3%
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 $383,408
Total Liabilities $0
Net Assets $383,408
Compensation
Key Employees and Officers Compensation Other
Paul Terrell (Foundation Chair) $0 $0
Wally Johnson (Secretary) $0 $0
Deborah Boring (Treasurer) $0 $0
Teresa Johnson (Trustee) $0 $0
Rachel Sherman (Trustee) $0 $0
Greg Pittman (Trustee) $0 $0
Tom Gregg (Trustee) $0 $0
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Document Links

990-PF
Filed on May 15, 2024

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

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,689
Expenses
$35,831
Net Income
$8,858
Net Assets
$420,567
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,803
19.7%
Sales of Assets $35,886
80.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,000
75.4%
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 $420,567
Total Liabilities $0
Net Assets $420,567
Compensation
Key Employees and Officers Compensation Other
Greg Pittman (Foundation Chair) $0 $0
Kenneth Walker (Secretary/Treasurer) $0 $0
Deborah Boring (Trustee) $0 $0
Teresa Johnson (Trustee) $0 $0
Jerry Holbert (Vice Chair) $0 $0
John Spears (Trustee) $0 $0
Andi Lane (Trustee) $0 $0
Paul Terrell (Trustee) $0 $0
Sharon Rolirad (Trustee) $0 $0
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Document Links

990-PF
Filed on May 15, 2023

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

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,761
Expenses
$34,813
Net Income
$15,948
Net Assets
$411,709
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,494
20.7%
Sales of Assets $40,267
79.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,500
76.1%
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 $411,709
Total Liabilities $0
Net Assets $411,709
Compensation
Key Employees and Officers Compensation Other
Deborah Boring (Foundation Chair) $0 $0
Andrea Lane (Secretary/Treasurer) $0 $0
Jerry Holbert (Trustee) $0 $0
Teresa Johnson (Trustee) $0 $0
Wally Johnson (Vice Chair) $0 $0
Gregg Pittman (Trustee) $0 $0
Mack Broiles (Trustee) $0 $0
Paul Terrell (Trustee) $0 $0
Bob Wood (Trustee) $0 $0
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Document Links

990-PF
Filed on May 13, 2022

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

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,463
Expenses
$31,009
Net Income
-$1,546
Net Assets
$395,760
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,799
36.7%
Sales of Assets $18,664
63.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,000
77.4%
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 $395,761
Total Liabilities $1
Net Assets $395,760
Compensation
Key Employees and Officers Compensation Other
Eric Ross (Foundation Chair) $0 $0
Wally Johnson (Secretary/Treasurer) $0 $0
Mack Broiles (Trustee) $0 $0
Jerry Holbert (Trustee) $0 $0
Susan Lafollett (Past Vice Chair) $0 $0
Bob Wood (Trustee) $0 $0
Bob Softly (Trustee) $0 $0
John Spears (Trustee) $0 $0
Andrea Lane (Trustee) $0 $0
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Document Links

990-PF
Filed on May 17, 2021

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

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,999
Expenses
$38,004
Net Income
$11,995
Net Assets
$397,306
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $11,142
22.3%
Sales of Assets $38,857
77.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,500
75.0%
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 $397,307
Total Liabilities $1
Net Assets $397,306
Compensation
Key Employees and Officers Compensation Other
Kim Williams (Foundation Chair) $0 $0
Eric Ross (Vice Chair) $0 $0
Wally Johnson (Secretary/Treasurer) $0 $0
Deborah Boring (Past Foundation Chair) $0 $0
Jerry Holbert (Membership Chair) $0 $0
Susan Lafollett (Past Vice Chair) $0 $0
Bob Wood (Membership Chair) $0 $0
Bob Softly (Membership Chair) $0 $0
John Spears (Membership Chair) $0 $0
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Document Links

990-PF
Filed on May 15, 2020

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

View Filing
PDF XML

Fiscal Year Ending June
2018

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

990-PF

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

PDF

Fiscal Year Ending June
2017

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

990-PF

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

PDF

Fiscal Year Ending June
2016

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

990-PF

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

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,654
Expenses
$30,365
Net Income
$9,289
Net Assets
$392,998
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,986
22.7%
Sales of Assets $30,668
77.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,616
84.4%
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 $392,998
Total Liabilities $0
Net Assets $392,998
Compensation
Key Employees and Officers Compensation Other
Rad Richardson (Chairman) $0 $0
John Spears (Vice Chairman) $0 $0
Eric Ross (Secretary/Treasurer) $0 $0
Deborah Boring (Trustee) $0 $0
Arthur Horn (Trustee) $0 $0
Tom Gregg (Trustee) $0 $0
Robert Softly (Trustee) $0 $0
Susan Lafollett (Trustee) $0 $0
Rhonda Farrell (Administrator) $0 $0
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Document Links

990-PF
Filed on May 12, 2016

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

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,958
Expenses
$6,425
Net Income
$19,533
Net Assets
$383,709
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400
1.5%
Interest Revenue $0
Dividends $7,857
30.3%
Sales of Assets $17,701
68.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,500
38.9%
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 $386,785
Total Liabilities $3,076
Net Assets $383,709

Document Links

990-PF

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

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$15,581
Expenses
$3,727
Net Income
$11,854
Net Assets
$364,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
16.0%
Program Services $0
Investment Income $13,081
84.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $364,176
Total Liabilities $0
Net Assets $364,176

Document Links

990-EZ
Filed on July 8, 2014

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$15,618
Expenses
$13,155
Net Income
$2,463
Net Assets
$352,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,247
78.4%
Net Fundraising $0
Sales of Assets $3,371
21.6%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $352,322
Total Liabilities $0
Net Assets $352,322

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$17,422
Expenses
$14,090
Net Income
$3,332
Net Assets
$349,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $810
4.6%
Program Services $0
Investment Income $9,223
52.9%
Net Fundraising $0
Sales of Assets $7,389
42.4%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $349,859
Total Liabilities $0
Net Assets $349,859

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’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 »

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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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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