Sherwood & Myrtie Foster Home For Children
- Assets
- $10.1m
- Revenue
- $3.3m
- Investments
- $253.5k
- Employees
- 73
- Location
- Stephenville, TX
- Founding
- 12/1972
- Data as of
- 08/2023
- EIN
- 75-1377874
Organization Overview
Sherwood & Myrtie Foster Home For Children is located in Stephenville, TX. The organization was established in 1972. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 08/2023, Sherwood & Myrtie Foster Home For Children employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherwood & Myrtie Foster Home For Children 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 08/2023, Sherwood & Myrtie Foster Home For Children generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $4.2m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE AND FOSTER CARE CHILD PLACEMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Pratt Director | Trustee | 1 | $0 |
Steve Parker Director | Trustee | 1 | $0 |
Phil Uhrhan Director | Trustee | 1 | $0 |
Steve Smith Chairman | OfficerTrustee | 1 | $0 |
Jeff Jeffries Director | Trustee | 1 | $0 |
Darla Doty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $311,438 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,976,686 |
| Noncash contributions included in lines 1a–1f | $87,379 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,288,124 |
| Total Program Service Revenue | $818,008 |
| Investment income | $8,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,652 |
| Net Gain/Loss on Asset Sales | $13,461 |
| Net Income from Fundraising Events | $168,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,346,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $475 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,836,508 |
| Pension plan accruals and contributions | $150,496 |
| Other employee benefits | $165,093 |
| Payroll taxes | $153,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $688 |
| Fees for services: Accounting | $21,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,881 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,408 |
| Travel | $34,132 |
| 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 | $508,658 |
| Insurance | $331,060 |
| All other expenses | $219,754 |
| Total functional expenses | $4,190,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $551,813 |
| Pledges and grants receivable | $98,622 |
| Accounts receivable, net | $5,000 |
| 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 | $21,161 |
| Net Land, buildings, and equipment | $9,178,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $253,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,108,868 |
| Accounts payable and accrued expenses | $209,595 |
| 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 | $103,493 |
| Total liabilities | $313,088 |
| Net assets without donor restrictions | $9,686,306 |
| Net assets with donor restrictions | $109,474 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,108,868 |