Sherwood Fund
- Assets
- $33.8m
- Revenue
- $33.0m
- Investments
- $30.0m
- Employees
- 0
- Location
- Middleburg, VA
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 84-3511408
Organization Overview
Sherwood Fund is located in Middleburg, VA. The organization was established in 2020. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sherwood 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 12/2021, Sherwood Fund generated $33.0m in total revenue. All expenses for the organization totaled $125.5k during the year ending 12/2021. While expenses have increased by 119.0% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, SHERWOOD CONTINUED WORKING WITH ITS ADVISORS TO FORMULATE PLANS FOR DIRECT CHARITABLE PROJECTS THAT WILL MAKE USE OF REAL ESTATE IN VIRGINIA WHICH WAS ACQUIRED ON 12/31/2021 BY DONATION. PROJECTS BEING CONSIDERED INVOLVE LOW-INCOME HOUSING, OFFICE SPACE FOR NON-PROFITS AND ENVIRONMENTAL CONSERVATION. THIS PLANNING IS A NECESSARY FIRST STEP IN DEVELOPING IMPACTFUL CHARITABLE PROJECTS AND SCALING SHERWOOD FUND'S OPERATIONS.
EXPLORATORY EXPENSES - ELDON FARMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis A Akre Vice President | 5 | $25,000 | |
Charles T Akre Jr Pres./sec./treas. | 2 | $0 | |
Deanna S Akre Vice President | 1 | $0 | |
Thomas Sb Akre Vice President | 1 | $0 | |
Andrew C Akre Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,040,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $99 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,040,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,388 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,438 |
| Printing and publications | $0 |
| Other expenses | $1,012 |
| Total operating and administrative expenses | $125,497 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $125,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,759,330 |
| 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 | $30,000,000 |
| Net Land, buildings, and equipment | $1,040,000 |
| Other assets | $0 |
| Total assets | $33,799,330 |
| 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 | $427 |
| Total liabilities | $427 |
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