Sherman Family Charitable Fdn
- Assets
- $483.6k
- Revenue
- $13.0k
- Investments
- $202.4k
- Employees
- 0
- Location
- Deming, NM
- Founding
- 04/1991
- Data as of
- 12/2020
- EIN
- 85-6083870
Organization Overview
Sherman Family Charitable Fdn is located in Deming, NM. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Family Charitable Fdn 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 12/2020, Sherman Family Charitable Fdn generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (30.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
TO PROVIDE BOOKS TO AREA CHILDREN. TO PROVIDE COATS TO LOCAL CHILDREN. TO RAISE AWARENESS OF CHILDHOOD ISSUES. TO PROVIDE PLAYGROUND EQUIPMENT.
TO PROVIDE BOOKS TO AREA CHILDREN. TO PROVIDE COATS TO LOCAL CHILDREN. TO RAISE AWARENESS OF CHILDHOOD ISSUES. TO PROVIDE PLAYGROUND EQUIPMENT.
TO PROVIDE BOOKS TO AREA CHILDREN. TO PROVIDE COATS TO LOCAL CHILDREN. TO RAISE AWARENESS OF CHILDHOOD ISSUES. TO PROVIDE PLAYGROUND EQUIPMENT.
TO PROVIDE BOOKS TO AREA CHILDREN. TO PROVIDE COATS TO LOCAL CHILDREN. TO RAISE AWARENESS OF CHILDHOOD ISSUES. TO PROVIDE PLAYGROUND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredrick Sherman Chairperson | 10 | $0 | |
Elizabeth Burr Treasurer | 0 | $0 | |
Jane Fricano Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,703 |
| 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 | $7,158 |
| Total Revenue | $13,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,687 |
| Occupancy | $1,225 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,915 |
| Total operating and administrative expenses | $6,412 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,246 |
| Savings and temporary cash investments | $106 |
| 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 | $37,829 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $246,782 |
| Other assets | $0 |
| Total assets | $483,563 |
| 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 | $1,044 |
| Total liabilities | $1,044 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sherman Family Charitable Fdn has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Pnm Foundation Inc Albuquerque, NM PURPOSE: POWER UP GRANT-OTHER | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |