Sherman Development League Corporation
- Assets
- $1.6m
- Revenue
- $23.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Moro, OR
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 93-1302432
Organization Overview
Sherman Development League Corporation is located in Moro, OR. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherman Development League Corporation 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, Sherman Development League Corporation generated $23.7k 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 (5.6%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2023. 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
THE SHERMAN DEVELOPMENT LEAGUE IS ORGANIZED TO PROVIDE CHARITABLE FINANCIAL SUPPORT TO CREATE COMMUNITY BASED PROJECTS FOR THE RESIDENTS OF SHERMAN COUNTY, OREGON BY PROVIDING GRANTS AND LOANS TO LOCAL GOVERNMENTS AND OTHER NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHERMAN DEVELOPMENT LEAGUE IS ORGANIZED TO PROVIDE CHARITABLE FINANCIAL SUPPORT TO CREATE COMMUNITY BASED PROJECTS FOR THE RESIDENTS OF SHERMAN COUNTY, OREGON. THE MOST SIGNIFICANT ACTIVITIES WERE GRANTS TO LOCAL GOVERNMENTS AND OTHER NONPROFIT ORGANIZATIONS THAT PROVIDE ESSENTIAL SERVICES AND SUPPORT TO THE COMMUNITIES OF SHERMAN COUNTY. ALSO, THE SHERMAN DEVELOPMENT LEAGUE PROVIDES LOANS THROUGH A REVOLVING LOAN FUND TO SMALL BUSINESSES LOCATED IN SHERMAN COUNTY, OREGON.
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 |
|---|---|---|---|
Melva Thomas Board Chair | OfficerTrustee | 5 | $0 |
Lowell Smith Vice Chair | OfficerTrustee | 2 | $0 |
Justin Miller Treasurer | OfficerTrustee | 2 | $0 |
Brenda Padget Board Member | Trustee | 2 | $0 |
Liz Cranston Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $10 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,210 |
| Total Program Service Revenue | $16,081 |
| Investment income | $1,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,010 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,311 |
| All other expenses | $0 |
| Total functional expenses | $30,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,779 |
| Savings and temporary cash investments | $1,051,972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $501,711 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,646,462 |
| Accounts payable and accrued expenses | $0 |
| 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 | $501,711 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $501,711 |
| Net assets without donor restrictions | $1,144,751 |
| Net assets with donor restrictions | $0 |
| 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 | $1,646,462 |
Grants Awarded
Over the last fiscal year, Sherman Development League Corporation has awarded $21,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHERMAN COUNTY CHILD CARE | | | $15,000 |
CITY OF RUFUS | | | $6,500 |