Mabel E Sherman Educational Fund

Organization Overview

Mabel E Sherman Educational Fund is located in Storm Lake, IA. The organization was established in 1978. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mabel E Sherman Educational 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 06/2022, Mabel E Sherman Educational Fund generated $338.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (39.4%) each year. All expenses for the organization totaled $160.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR STUDENTS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTED FUNDS TO MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE FOR ADVANCEMENT OF STUDENT LOANS.


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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 $177,292
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $161,559
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $338,851

Grants Awarded

Over the last fiscal year, Mabel E Sherman Educational Fund has awarded $113,887 in support to 3 organizations.

Grant RecipientAmount

MORNINGSIDE COLLEGE

Org PageRecipient Profile

Sioux City, IA

PURPOSE: STUDENT LOANS

$45,555

BUENA VISTA UNIVERSITY

Org PageRecipient Profile

Storm Lake, IA

PURPOSE: STUDENT LOANS

$45,555

Mount Vernon, IA

PURPOSE: STUDENT LOANS

$22,777
View Grant Profile

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