Brigitte & Bobby Sherman Foundation
- Assets
- $717.0k
- Revenue
- $700.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 45-2381157
Organization Overview
Brigitte & Bobby Sherman Foundation is located in Woodland Hills, CA. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brigitte & Bobby Sherman Foundation 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 12/2022, Brigitte & Bobby Sherman Foundation generated $700.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $698.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN INTERNATIONAL HUMANITARIAN AND DEVELOPMENT ORGANIZATION DEDICATED TO CARING FOR CHILDREN ORPHANED BY AIDS, CIVIL WARFARE, DISEASE OR OTHER TRAGEDY IN DEVELOPING COUNTRIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS A MUSICAL WORKSHOP LOCATED IN ACCRA, THE CAPITAL OF GHANA.UPWARDS OF 50 ORPHANS AND STREET CHILDREN COME TO THE WORKSHOP ON A DAILY BASIS TO LEARN THE ART OF DRUM-BUILDING AND TRIBAL DANCE. IN EXCHANGE FOR THEIR PARTICIPATION THE CHILDREN ARE GIVEN BOOKS, FOOD, CLOTHING AND DAILY MENTORING.
THE FOUNDATION IS BUILDING A MUSICAL VILLAGE, SCHOOL AND MEDICAL CLINIC IN ADA, GHANA FOR STREET CHILDREN AND ORPHANS.
THE FOUNDATION WILL BUILD A MODERN SCHOOL, KITCHEN AND MEDICAL CLINIC TO EDUCATE, FEED AND CARE. THE ULTILMATE GOAL FOR THE FOUNDATIONS IS TO ASSURE THE THE CHILDREN LEAVE THE MUSICAL VILLAGE AS HEALTHY, INFORMED YOUNG ADULTS WHO WILL BECOME LEADERS OF THEIR COMMUNITIES. THE FOUNDATION IS ESTABLISHING A TRUST FOR EACH MEMBER OF THE MUSICAL VILLAGE WHO WISHES TO ATTEND A UNIVERSITY OR POST-SECONDARY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Sherman Chairman | Trustee | 30 | $54,000 |
Brigitte Poublon President, CEO | OfficerTrustee | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $700,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,491 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,000 |
| Compensation of current officers, directors, key employees. | $229,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,364 |
| Advertising and promotion | $22,744 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,869 |
| Travel | $10,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,550 |
| Insurance | $6,524 |
| All other expenses | $13,496 |
| Total functional expenses | $698,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,435 |
| 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 | $626,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,037 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $717,037 |
| Total liabilities and net assets/fund balances | $717,037 |