Marion A And Ruth K Sherwood Family Fund
- Assets
- $0.0
- Revenue
- $142.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Haven, MI
- Founding
- Data as of
- 11/2016
- EIN
- 38-3645324
Organization Overview
Marion A And Ruth K Sherwood Family Fund is located in Grand Haven, MI. Marion A And Ruth K Sherwood Family Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2016, Marion A And Ruth K Sherwood Family Fund generated $142.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $12.8m during the year ending 11/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVING AND ADMINISTERING FUNDS FOR THE PURPOSE SET FORTH IN SEC 501(C)(3) OF THE IRC SO LONG AS SUCH ACTIVITIES SUPPORT THE GRAND HAVEN AREA COMMUNITY FOUNDATION AND SUCH OTHER PUBLICLY SUPPORTED ORGANIZATIONS AS ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO THE GRAND HAVEN AREA COMMUNITY FOUNDATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVES GIFTS AND ADMINISTERS FUNDS FOR THE PURPOSE SET FORTH IN SEC 501(C)(3) OF THE IRC SO LONG AS SUCH ACTIVITIES SUPPORT THE GRAND HAVEN AREA COMMUNITY FOUNDATION AND SUCH OTHER PUBLICLY SUPPORTED ORGANIZATIONS AS ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO THE GRAND HAVEN AREA COMMUNITY FOUNDATION, INC. IN 2016, 57 NONPROFIT ORGANIZATIONS AND INDIVIDUALS RECEIVED ASSISTANCE FROM THIS ORGANIZATION. THE ORGANIZATION OFFICIALLY DISSOLVED ON NOVEMBER 30, 2016 AND DISTRIBUTED ALL FUNDS TO THE GRAND HAVEN AREA COMMUNITY FOUNDATION, A RELATED ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Sherwood President - Through 1/16 | OfficerTrustee | 1 | $0 |
Holly Johnson President - Effective 2/16 | OfficerTrustee | 1 | $0 |
Thomas Reinsma Secretary | OfficerTrustee | 1 | $0 |
Martha Erickson Director | Trustee | 1 | $0 |
Edward Post Director | Trustee | 1 | $0 |
Melinda Brink Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $153,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,682,287 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $58,144 |
| Total functional expenses | $12,800,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Marion A And Ruth K Sherwood Family Fund has awarded $12,671,537 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE INC PURPOSE: PROVIDENCE PLACE AND LOVE INC FREE DENTAL CLINIC | $36,250 |
ROCKFORD AREA COMMUNITY ENDOWMENT PURPOSE: ESTABLISH THE KRAUSE-SHERWOOD FUND FOR ROCKFORD | $150,000 |
NORTH OTTAWA COMMUNITY HEALTH SYSTEMS PURPOSE: PULSE CAMPAIGN - EMERGENCY DEPARTMENT | $100,000 |
LAKESHORE ETHNIC DIVERSITY ALLIANCE PURPOSE: CONTINUING RACIAL EQUITY EDUCATION FOR NW OTTAWA COUNTY | $10,000 |
GRAND HAVEN AREA PUBLIC SCHOOLS PURPOSE: FUNDING TO EXPAND MATH SUPPORT WITH COMPUTER SUBSCRIPTIONS AND RAISING RIGOR WITH BOOKS | $39,700 |
NORTHWEST OTTAWA COUNTY CHAMBER FOUNDATION PURPOSE: RECREATIONAL FEASIBILITY STUDY | $22,500 |