David S & Janet R Sheridan Foundation
David S & Janet R Sheridan Foundation consistently operates at a deficit, drawing from substantial assets to fund grantmaking.
EIN: 146205015 · Teton Village, WY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $607K |
| Total Expenses | $524K |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
David S & Janet R Sheridan Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
David S & Janet R Sheridan Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around David S & Janet R Sheridan Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $364K and expenses of $524K.
Revenue and Expenses
David S & Janet R Sheridan Foundation reported $364K in revenue and $524K in expenses, a deficit of $159K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is David S & Janet R Sheridan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $471K (90%) |
Across stored filings, David S & Janet R Sheridan Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with American Legion | Wyoming and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
David S & Janet R Sheridan Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David S & Janet R Sheridan Foundation
David S & Janet R Sheridan Foundation (EIN: 146205015) is a nonprofit organization based in Teton Village, WY, classified under NTEE code T22. The organization reported total revenue of $607K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David S & Janet R Sheridan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David S & Janet R Sheridan Foundation is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $364K |
| Total Expenses | $524K |
| Surplus / Deficit | $-159,366 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -43.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 55.2 months |
Financial Health Grade: B
In 2023, David S & Janet R Sheridan Foundation reported a deficit of $159K with expenses exceeding revenue, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), David S & Janet R Sheridan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.1% | +56.7% | -6.2% |
| 2022 | +150.6% | -12.4% | -1.6% |
| 2021 | -75.4% | -16.4% | -9.5% |
| 2020 | +40.5% | +54.8% | +0.0% |
| 2019 | -13.6% | -40.3% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David S & Janet R Sheridan Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, David S & Janet R Sheridan Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $159K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation, which generally indicates a high level of financial efficiency regarding leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of David S & Janet R Sheridan Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $159,366 deficit in 2023)
- Declining asset base over the last few years (from $2.88M in 2020 to $2.40M in 2023)
Strengths
The following positive indicators were identified for David S & Janet R Sheridan Foundation:
- Substantial asset base providing long-term stability ($2,398,082 current assets)
- Minimal liabilities ($1 reported in recent years), indicating low financial risk
- No reported officer compensation, suggesting high efficiency in leadership costs
- Consistent history of grantmaking activity over more than a decade
Frequently Asked Questions about David S & Janet R Sheridan Foundation
Is David S & Janet R Sheridan Foundation a legitimate charity?
David S & Janet R Sheridan Foundation (EIN: 146205015) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $607K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does David S & Janet R Sheridan Foundation spend its money?
David S & Janet R Sheridan Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to David S & Janet R Sheridan Foundation tax-deductible?
David S & Janet R Sheridan Foundation is registered as a tax-exempt nonprofit (EIN: 146205015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does David S & Janet R Sheridan Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), David S & Janet R Sheridan Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is David S & Janet R Sheridan Foundation located?
David S & Janet R Sheridan Foundation is headquartered in Teton Village, Wyoming and files with the IRS under EIN 146205015. It is classified under NTEE code T22.
How many years of IRS 990 filings does David S & Janet R Sheridan Foundation have?
David S & Janet R Sheridan Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $607K in total revenue.
Is the David S & Janet R Sheridan Foundation financially stable despite recent deficits?
Yes, despite operating at a deficit in recent years (e.g., $364,309 revenue vs. $523,675 expenses in 2023), the foundation maintains a robust asset base of over $2.4 million and negligible liabilities, indicating strong financial stability.
How does the foundation fund its operations when expenses exceed revenue?
When expenses exceed revenue, as seen in 2023, 2022, and 2021, the foundation likely draws from its substantial asset base (e.g., $2,407,524 in assets in 2023) to cover its grantmaking and operational costs.
What is the trend in the foundation's assets?
The foundation's assets have shown a slight decline in recent years, from a high of $2,881,304 in 2020 to $2,407,524 in 2023, likely due to consistent spending exceeding revenue.
Filing History
IRS 990 filing history for David S & Janet R Sheridan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David S & Janet R Sheridan Foundation's revenue has grown by 18.5%, moving from $307K to $364K. Total assets increased by 6.9% over the same period, from $2.3M to $2.4M. Total functional expenses rose by 277.4%, from $139K to $524K. In its most recent filing year (2023), David S & Janet R Sheridan Foundation reported a deficit of $159K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $364K | $524K | $2.4M | $1 | — | View 990 |
| 2022 | $284K | $334K | $2.6M | $1 | — | View 990 |
| 2021 | $113K | $382K | $2.6M | $1 | — | View 990 |
| 2020 | $462K | $456K | $2.9M | $1 | — | View 990 |
| 2019 | $329K | $295K | $2.9M | $1 | — | View 990 |
| 2015 | $381K | $494K | $2.7M | $0 | — | View 990 |
| 2014 | $350K | $155K | $2.8M | $0 | — | View 990 |
| 2013 | $328K | $169K | $2.6M | $0 | — | View 990 |
| 2012 | $323K | $151K | $2.4M | $0 | — | View 990 |
| 2011 | $307K | $139K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $364K, expenses of $524K, and assets of $2.4M (revenue +28.1% year-over-year).
- 2022: Revenue of $284K, expenses of $334K, and assets of $2.6M (revenue +150.6% year-over-year).
- 2021: Revenue of $113K, expenses of $382K, and assets of $2.6M (revenue -75.4% year-over-year).
- 2020: Revenue of $462K, expenses of $456K, and assets of $2.9M (revenue +40.5% year-over-year).
- 2019: Revenue of $329K, expenses of $295K, and assets of $2.9M (revenue -13.6% year-over-year).
- 2015: Revenue of $381K, expenses of $494K, and assets of $2.7M (revenue +8.9% year-over-year).
- 2014: Revenue of $350K, expenses of $155K, and assets of $2.8M (revenue +6.8% year-over-year).
- 2013: Revenue of $328K, expenses of $169K, and assets of $2.6M (revenue +1.4% year-over-year).
- 2012: Revenue of $323K, expenses of $151K, and assets of $2.4M (revenue +5.1% year-over-year).
- 2011: Revenue of $307K, expenses of $139K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David S & Janet R Sheridan Foundation:
Data Sources and Methodology
This transparency report for David S & Janet R Sheridan Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.