Kate Sherwood Foundation Inc
- Assets
- $7.8k
- Revenue
- $14.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Newbury, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1958424
Organization Overview
Kate Sherwood Foundation Inc is located in West Newbury, MA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kate Sherwood Foundation Inc 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 12/2023, Kate Sherwood Foundation Inc generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $25.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KATE SHERWOOD FOUNDATION HELPS TEENAGE STUDENTS WITH FINACIAL SUPPORT WHO HAVE OVERCOME CHILDHOOD TRAUMA AND ARE WORKING TO GRADUATE FROM HIGH SCHOOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dougan Sherwood President | 5 | $0 | |
Melissa Fried Treasurer | 2 | $0 | |
Tasha Benson Secretary | 2 | $0 | |
Patricia Mccullough Director | 2 | $0 | |
Kinberly Osborne Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,984 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| 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 | $13,985 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,124 |
| Other expenses | $492 |
| Total operating and administrative expenses | $4,616 |
| Contributions, gifts, grants paid | $20,779 |
| Total expenses and disbursements | $25,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,773 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,773 |
| 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, Kate Sherwood Foundation Inc has awarded $18,927 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
KAREN GARCIA PURPOSE: SCHOLARSHIP | $1,489 |
WATERTOWN HIGHSCHOOL PURPOSE: SCHOLARSHIP | $500 |
MASON ALLAIRE FUNDSCHOLARSHIP PURPOSE: SCHOLARSHIP | $1,000 |
SAMUEL HERMAN PURPOSE: SCHOLARSHIP | $1,500 |
HEATHER NORTON PURPOSE: SCHOLARSHIP | $2,500 |
MAZIE OULLETTE PURPOSE: SCHOLARSHIP | $200 |