Sherman Foundation in Newport Beach, California (CA)

Organization representatives - add corrected or new information about Sherman Foundation »

Non-representatives - add comments about Sherman Foundation»

Sherman Foundation
Employer Identification Number (EIN)952672431
Name of OrganizationSherman Foundation
Address2077 W Coast Hwy, Newport Beach, CA 92663-4713
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1952
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$17,204,666
Amount of Income$1,188,856
Form 990 Revenue Amount$1,022,762
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Fund Raising and/or Fund Distribution


Non-representatives - add comments:


CAPTCHA

Your IP address 3.22.248.100 will be logged.

Amount of income in 2014: $1,188,856
Sherman Foundation: 

 $1,188,856
Other organizations performing similar types of work: 

 $377,650

Assets in 2014: $17,204,666
Sherman Foundation: 

 $17,204,666
Other organizations performing similar types of work: 

 $464,982

Expenses in 2013: $1,460,226
This organization: 

 $1,460,226
Other organizations performing similar types of work: 

 $293,873

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 84.0%
This organization: 

 84.0%
Other organizations performing similar types of work: 

 84.0%

Number of employees in 2013: 28
Sherman Foundation: 

 28
Other organizations performing similar types of work: 

 3

Employees paid over $100,000 in 2013: 3.6%
This organization: 

 3.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 28.8%
This organization: 

 28.8%
Other organizations performing similar types of work: 

 86.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961613
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2928
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$167,768$124,766
Total reportable compensation from related organizations$1,785,268$1,740,247
Total estimated amount of other compensation from the organization and related organizations$99,089$95,908
Total number of individuals who received more than $100,000 of reportable compensation from the organization11
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$1,178,607$5,357,502$1,096,948
Contributions, Gifts, Grants and Other Similar Amounts$392,946$465,239$316,043
Program Service Revenue$63,026$66,439$66,374
900099$51,039$53,059
900099$15,400$13,315
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$556,286$122,864$129,439
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$1,840$105$1,515
Net rental income$54,922$57,820$97,730
Gross rents (Real / Personal)$54,922 / $0$57,820 / $0$97,730 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$54,922 / $0$57,820 / $0$97,730 / $0
Net gain/loss from sales of assets other than inventory$0$4,509,697$2,373
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$6,001,482 / $0$20,798 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$1,491,785 / $0$18,425 / $0
Gain or (loss) (Securities / Other)$0 / $0$4,509,697 / $0$2,373 / $0
Net income/loss from fundraising events$0$-524$2,955
Gross income from fundraising events$10,653$9,733$11,666
Less: direct expenses$10,653$10,257$8,711
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$108,289$132,131$116,488
Gross sales of inventory, less returns and allowances$255,146$285,541$257,053
Less: cost of goods sold$146,857$153,410$140,565
Miscellaneous Revenue$1,298$3,731$364,031
900099$3,731$364,031
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$1,334,174$1,412,072$1,460,226
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$5,000$5,000$5,000
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$676,284$698,041$741,375
Pension plan accruals and contributions$19,497$21,165
Other employee benefits$77,018$62,732
Payroll taxes$58,999$60,354$65,493
Fees for services (non-employees)
Management$0$0
Legal$134,768$3,160
Accounting$22,500$23,200
Lobbying$0$0
Professional fundraising services$5,600$3,150$4,140
Investment management fees$0$0
Other$0$72,344
Advertising and promotion$46,505$58,420
Office expenses$44,962$48,880
Information technology$4,260$5,430
Royalties$0$0
Occupancy$171,020$213,159
Travel$4,574$9,876
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$15,752$16,355
Insurance$56,451$60,973
Other expenses$26,660$26,113
Other expenses$725$1,032
Other expenses$2,350$2,368
Other expenses$17,941$19,034
Other expenses$544$-23
Balance Sheet
201120122013
Total assets$14,977,244$18,717,729$17,996,381
Cash - non-interest-bearing$98,771$7,187
Savings and temporary cash investments$526,280$704,965
Pledges and grants receivable, net$0$0
Accounts receivable, net$7,569$8,490
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$59,556$40,590
Prepaid expenses and deferred charges$25,907$33,142
Land, buildings, and equipment: cost or other basis$1,489,358$1,478,021
Investments - publicly traded securities$4,930,856$4,144,554
Investments - other securities$11,579,432$11,579,432
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$672,199$467,254$109,187
Accounts payable and accrued expenses$402,932$52,437
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$64,322$56,750
Total net assets or fund balances$14,305,045$18,250,475$17,887,194
Unrestricted net assets$18,250,475$17,887,194
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$1,813,338
Subtotal Support$1,868,215
Gifts, grants, contributions, and membership fees received$1,868,215
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$54,877
Total Support$5,056,153
Public Support$1,868,215
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,171,596
Net income from unrelated business activities, whether or not the business is regularly carried on$10,718
Other income. Do not include gain or loss from the sale of capital assets$1,005,624
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$906,733$858,670$974,134$993,482$1,176,640$828,195$1,093,466$1,271,681
Contributions, gifts, grants, and similar amounts received$509,737$325,214$306,571$313,175$344,198$303,411$36,129$331,662
Contributions to donor advised funds$0$0
Direct public support$509,737$325,214$306,571$313,175$344,198$303,411$36,129$331,662
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$126,705$161,210$166,202$168,561$180,012$169,869$168,189$188,287
Membership dues and assessments$0$0$0$0$0$0$307,286$0
Interest on savings and temporary cash investments$9,958$9,992$9,386$2,852$8,099$12,884$13,042$9,026
Dividends and interest from securities$99,855$199,893$197,393$203,640$239,720$242,221$410,129$637,367
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$-6,445
Gain or (loss) from sales of assets other than inventory$-2,715$225$149,327$161,019$272,822$-23,680$33,282$0
Gross amount from sales of assets other than inventory$23,680$73,000$224,029$219,889$336,309$67,013$203,506$0
Less: cost or other basis and sales expenses$26,395$72,775$74,702$58,870$63,487$90,693$170,224$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$162,624$161,684$144,600$143,535$131,015$122,303$124,399$110,007
Gross sales of inventory, less returns and allowances$379,759$376,210$336,342$328,665$299,174$279,892$287,546$265,520
Less: cost of goods sold$217,135$214,526$191,742$185,130$168,159$157,589$163,147$155,513
Other revenue$569$452$655$700$774$1,187$1,010$1,777
Total expenses$865,577$1,016,164$1,017,625$1,076,938$1,149,789$1,144,891$1,192,787$1,401,948
Program services$768,884$913,191$901,687$948,055$1,035,017$1,030,777$1,061,067$1,177,056
Management and general$48,334$59,390$54,632$63,593$54,407$49,564$67,492$165,118
Fundraising$48,359$43,583$61,306$65,290$60,365$64,550$64,228$59,774
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$15,053,399$14,895,905$14,852,413$14,768,957$14,795,808$14,693,010$14,593,780$14,463,515
Excess or (deficit) for the year$41,156$-157,494$-43,491$-83,456$26,851$-316,696$-99,321$-130,267
Net assets or fund balances at beginning of year$15,012,243$15,053,399$14,895,904$14,852,413$14,768,957$14,795,808$14,693,010$14,593,780
Other changes in net assets or fund balances$0$0$0$0$0$213,898$91$2
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,401,948$1,177,056$165,118$59,774
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$335,448$307,834$16,307$11,307
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$327,404$327,404$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$31,991$31,991$0$0
Payroll taxes$49,118$47,241$939$938
Professional fundraising fees$0$0$0$0
Accounting fees$19,000$0$19,000$0
Legal fees$35,068$0$35,068$0
Supplies$11,773$11,359$207$207
Telephone$6,353$5,913$220$220
Postage and shipping$4,713$910$349$3,454
Occupancy$236,732$236,732$0$0
Equipment rental and maintenance$13,381$13,143$119$119
Printing and publications$3,193$0$0$3,193
Travel$15,769$4,807$10,962$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$19,424$19,424$0$0
Other expenses not covered above$292,581$170,298$81,947$40,336
Balance Sheets
20002001200220032004200520062007
Total assets$15,302,746$15,155,739$15,130,764$15,120,848$15,124,371$15,045,830$14,941,866$14,926,665
Cash - non-interest-bearing$26,406$54,486$19,208$39,993$37,501$41,392$46,623$34,644
Savings and temporary cash investments$339,372$239,900$347,588$398,629$478,827$260,405$284,691$285,854
Accounts receivable less allowance for doubtful accounts$3,720$3,258$3,189$3,068$3,527$4,553$3,842$6,056
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$65,777$66,736$71,518$69,063$62,769$56,005$58,684$55,233
Prepaid expenses and deferred charges$3,066$3,450$3,816$3,728$3,300$25,371$26,389$21,464
Investments - publicly-traded securities$28,587$22,142
Investments - other securities$13,415,791$13,343,791$13,269,090$13,210,220$13,146,672$13,269,848$13,071,216$13,071,216
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,448,598$1,444,104$1,416,341$1,396,138$1,390,514$1,386,774$1,414,342$1,425,910
Other assets, including program-related investments$16$14$14$9$1,261$1,482$7,492$4,146
Total liabilities$249,347$259,835$278,351$351,891$328,563$352,820$348,086$463,150
Accounts payable and accrued expenses$191,863$195,612$210,154$268,636$237,687$269,135$264,086$369,397
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$57,484$64,223$68,197$83,255$90,876$83,685$84,000$93,753
Total liabilities and net assets/fund balances$15,302,746$15,155,739$15,130,764$15,120,848$15,124,371$15,045,830$14,941,866$14,926,665
Total net assets or fund balances$15,053,399$14,895,904$14,852,413$14,768,957$14,795,808$14,693,010$14,593,780$14,463,515
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$906,733$858,670$974,134$993,482$1,176,640$828,195$1,093,466$1,271,681
Total revenue, gains, and other support per audited financial statements$840,952$909,848$1,033,411$905,096$1,052,559$828,196$1,093,466$1,271,681
Other expenses$0$51,178$59,277$-88,385$57,156$0$0$0
Net unrealized gains on investments$0$51,178$59,277$-88,385$57,156$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$65,781$0$0$1$181,237$-1$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$65,781$0$0$1$181,237$-1$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$865,577$1,016,164$1,017,625$1,076,938$1,149,789$1,144,891$1,192,787$1,401,948
Total expenses and losses per audited financial statements$865,576$1,016,164$1,017,625$1,076,937$1,149,789$1,144,891$1,192,787$1,401,948
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$1$0$0$1$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$1$0$0$1$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
20$22,614$0$0
98$2,500$0$0
98$2,500$0$0
40$116,125$39,541$0
40$45,495$4,197$0
40$55,225$6,141$0
14$41,110$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200624
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$751,732$188,287
Program service revenue
Program service revenue 1000000$000$0$42,319
Program service revenue 2000000$000$0$11,273
Program service revenue 3000000$000$0$119,655
Program service revenue 4000000$000$0$15,040
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,026$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$637,367$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-6,445$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$110,007$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$1,777$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
95121818094%$-8,659,678$42,278,753
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$51,560$5,340$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$1,051,518$1,120,844$1,057,991$1,016,549$1,017,593$1,071,977$1,009,466$1,223,312
Gifts, grants, and contributions received$436,500$509,737$325,214$306,571$313,175$344,198$36,056$36,129
Membership fees received$0$0$0$0$0$0$267,355$307,286
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$499,082$500,725$522,440$502,544$497,226$479,186$449,762$455,716
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$115,936$110,382$210,337$207,434$207,192$248,593$256,293$424,181
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Sherman Foundation to others? (optional)
  
Add photo of Sherman Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Christian Missionary Pilots Inc in Newport Beach, CA
*****
Ackright Premier Sports Inc in San Dimas, CA
*****
Trust Funds Inc in San Francisco, CA
*****
Foothill High School Super Boosters Club in Santa Ana, CA
Hoi Bac Ai Phanxico Franciscan Charity Inc in San Francisco, CA
****
Cuddlybear Thrift Store Inc in Fortuna, CA
****
Apostle Paul Ministries in Hayward, CA
****•
Adat Ari El in N Hollywood, CA
*****
Iglesia De Jesucristo Palabra-Miel in El Cajon, CA
Nze Foundation in Vista, CA
****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sherman Foundation2077 W Coast Hwy, Newport Beach, CA 92663-4713CA1952-11$1,188,856
2Charles A And Anne Morrow Lindbergh FoundationPO BOX 861, Berkeley Spgs, WV 25411-0861WV1977-01$454,294
3Rose Foundation For Communities And The Environment1970 Broadway Ste 600, Oakland, CA 94612-2218CA1993-07$10,640,352
4Davis Conservation Foundation30 Forest Falls Dr Ste 5, Yarmouth, ME 04096-6983ME1989-02$3,383,309
5Environmental Fund Of Washington, Earth Share Of Wa1402 3rd Ave Ste 817, Seattle, WA 98101-2118WA1987-03$809,955
6Minnesota Environmental Fund, C-O Project Environment Foundation450 Syndicate Street North, St Paul, MN 55104-4107MN1991-05$749,087
7The Environmental Fund For Georgia, Earth Share Of Georgia100 Peachtree St Nw Ste 1960, Atlanta, GA 30303-1916GA1992-12$734,679
8Environmental Federation Of Oregon, Earthshare OregonPO BOX 40333, Portland, OR 97240-0333OR2003-05$626,792
9Boyer Foundation21827 Boones Borough Dr, Bend, OR 97701-8820OR1999-08$377,781
10Environmental Fund Of Illinois, Dba Earth Share Of Illinois35 E Wacker Dr Ste 1600, Chicago, IL 60601-2206IL1993-04$377,650
11Erm Group Foundation Inc75 Valley Stream Pkwy Ste 200, Malvern, PA 19355-1406PA1995-10$305,845
12Environmental Fund For Maryland Inc1209 N Calvert St, Baltimore, MD 21202-3908MD1993-09$156,236
13Conservation Foundation Of Missouri Charitable Trust728 W Main St, Jefferson Cty, MO 65101-1534MO1971-08$97,445
14Environmental Fund For Pennsylvania1420 Walnut St Ste 1304, Philadelphia, PA 19102-4013PA1992-02$87,145
15Friends Of Stark Parks5300 Tyner Street Ne, Canton, OH 44708OH1997-06$70,252
16Colorado Mountain Club Foundation710 10th Street, Golden, CO 80401-5835CO1973-11$56,933
17Miocean FoundationPO BOX 14246, Irvine, CA 92623-4246CA2002-10$50,115
18Dillon Nature Center Foundation3002 E 30th Ave, Hutchinson, KS 67502KS1972-02$32,255
19Aquatic Education Group5895 Casandra Court, Rockford, IL 61114IL1974-07$0
20Wausau Junior Womens Club IncorporatedPO BOX 2215, Wausau, WI 54402-2215WI2000-11$0
Number of organizations performing similar types of work
California3
Colorado1
Georgia1
Illinois2
Kansas1
Maryland1
Maine1
Michigan1
Minnesota1
Missouri1
Ohio1
Oregon2
Pennsylvania3
Virginia1
Washington1
Wisconsin1
West Virginia1
Total23

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Sherman Foundation and has no official or unofficial affiliation with Sherman Foundation