Sherman Harold Q Trust Under Will
- Assets
- $5.6m
- Revenue
- $308.8k
- Investments
- $5.4m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-6339366
Organization Overview
Sherman Harold Q Trust Under Will is located in Wellsboro, PA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherman Harold Q Trust Under Will 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, Sherman Harold Q Trust Under Will generated $308.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $410.3k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sherman Harold Q Trust Under Will has awarded 67 individual grants totaling $2,109,060. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,223 |
| Dividends & Interest | $130,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,210 |
| Capital Gain Net Income | $173,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,816 |
| Total Revenue | $308,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,334 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14 |
| Total operating and administrative expenses | $49,707 |
| Contributions, gifts, grants paid | $360,548 |
| Total expenses and disbursements | $410,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,105 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $525,208 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,586,340 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sherman Harold Q Trust Under Will has awarded $360,548 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERALOPERATIONS | $52,582 |
STANDING STONE METHODIST CHURCH PURPOSE: GENERALOPERATIONS | $52,582 |
TOWANDA PUBLIC LIBRARY PURPOSE: GENERALOPERATIONS | $52,582 |
BRADFORD COUNTY HISTORICAL SOCIETY PURPOSE: GENERALOPERATIONS | $38,561 |
THE SALVATION ARMY PURPOSE: GENERALOPERATIONS | $45,571 |
SPALDING MEMORIAL LIBRARY PURPOSE: GENERALOPERATIONS | $52,582 |