Edward And Darenda Sheridanfoundation
Edward And Darenda Sheridanfoundation demonstrates consistent asset growth and minimal liabilities with no reported officer compensation.
EIN: 205860781 · Pennington, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $519K |
| Total Expenses | $52K |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Edward And Darenda Sheridanfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward And Darenda Sheridanfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward And Darenda Sheridanfoundation
Edward And Darenda Sheridanfoundation (EIN: 205860781) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T20. The organization reported total revenue of $519K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward And Darenda Sheridanfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward And Darenda Sheridanfoundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $52K |
| Surplus / Deficit | +$23K |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | 30.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 234.0 months |
Financial Health Grade: A
In 2023, Edward And Darenda Sheridanfoundation reported a surplus of $23K with revenue exceeding expenses, holds 234.0 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), Edward And Darenda Sheridanfoundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.5% | -2.2% | +2.3% |
| 2022 | -10.8% | -31.9% | +7.2% |
| 2021 | +78.8% | +37.5% | +9.7% |
| 2020 | -11.1% | +9.5% | -0.6% |
| 2019 | +20.6% | +36.8% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Edward And Darenda Sheridanfoundation with a Mission Score of 92 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, Edward And Darenda Sheridanfoundation 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other entities, which is highly favorable for a nonprofit of its size.
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 Edward And Darenda Sheridanfoundation's IRS 990 filings:
- None apparent based on the provided financial data.
Strengths
The following positive indicators were identified for Edward And Darenda Sheridanfoundation:
- Consistent asset growth, increasing from $621,570 in 2011 to over $1 million in 2023.
- Extremely low liabilities, often reported as just $1, indicating strong financial stability.
- 0% officer compensation reported across all filings, demonstrating high efficiency in leadership costs.
- Consistent filing of IRS Form 990s over a decade, showing commitment to transparency and compliance.
- Expenses consistently lower than revenue, allowing for healthy accumulation of assets.
Frequently Asked Questions about Edward And Darenda Sheridanfoundation
Is Edward And Darenda Sheridanfoundation a legitimate charity?
Edward And Darenda Sheridanfoundation (EIN: 205860781) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $519K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Edward And Darenda Sheridanfoundation spend its money?
Edward And Darenda Sheridanfoundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward And Darenda Sheridanfoundation tax-deductible?
Edward And Darenda Sheridanfoundation is registered as a tax-exempt nonprofit (EIN: 205860781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Edward And Darenda Sheridanfoundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Edward And Darenda Sheridanfoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward And Darenda Sheridanfoundation located?
Edward And Darenda Sheridanfoundation is headquartered in Pennington, New Jersey and files with the IRS under EIN 205860781. It is classified under NTEE code T20.
How many years of IRS 990 filings does Edward And Darenda Sheridanfoundation have?
Edward And Darenda Sheridanfoundation 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 $519K in total revenue.
Is Edward And Darenda Sheridanfoundation a good charity?
Based on the provided financial data, the foundation exhibits strong financial health, consistent asset growth, and very low administrative overhead (0% officer compensation), suggesting it is a well-managed entity. Its consistent financial reporting and minimal liabilities are positive indicators.
How has the foundation's financial health changed over time?
The foundation's assets have shown consistent growth, increasing from $621,570 in 2011 to $1,012,069 in 2023. Revenue and expenses have fluctuated but generally remained within a healthy range, allowing for this steady asset accumulation.
What is the foundation's approach to executive compensation?
The Edward And Darenda Sheridanfoundation reports 0% officer compensation in all available filings, indicating a highly efficient approach to leadership costs, likely relying on volunteer efforts or external funding for such roles.
Filing History
IRS 990 filing history for Edward And Darenda Sheridanfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward And Darenda Sheridanfoundation's revenue has grown by 103.8%, moving from $37K to $75K. Total assets increased by 62.8% over the same period, from $622K to $1.0M. Total functional expenses rose by 54.3%, from $34K to $52K. In its most recent filing year (2023), Edward And Darenda Sheridanfoundation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $52K | $1.0M | $1 | — | — |
| 2022 | $120K | $53K | $989K | $1 | — | View 990 |
| 2021 | $134K | $78K | $923K | $1 | — | View 990 |
| 2020 | $75K | $57K | $841K | $1 | — | View 990 |
| 2019 | $85K | $52K | $847K | $1 | — | View 990 |
| 2015 | $70K | $38K | $761K | $0 | — | View 990 |
| 2014 | $84K | $38K | $728K | $0 | — | View 990 |
| 2013 | $82K | $44K | $682K | $0 | — | View 990 |
| 2012 | $57K | $34K | $644K | $1 | — | View 990 |
| 2011 | $37K | $34K | $622K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $52K, and assets of $1.0M (revenue -37.5% year-over-year).
- 2022: Revenue of $120K, expenses of $53K, and assets of $989K (revenue -10.8% year-over-year).
- 2021: Revenue of $134K, expenses of $78K, and assets of $923K (revenue +78.8% year-over-year).
- 2020: Revenue of $75K, expenses of $57K, and assets of $841K (revenue -11.1% year-over-year).
- 2019: Revenue of $85K, expenses of $52K, and assets of $847K (revenue +20.6% year-over-year).
- 2015: Revenue of $70K, expenses of $38K, and assets of $761K (revenue -16.7% year-over-year).
- 2014: Revenue of $84K, expenses of $38K, and assets of $728K (revenue +2.6% year-over-year).
- 2013: Revenue of $82K, expenses of $44K, and assets of $682K (revenue +44.2% year-over-year).
- 2012: Revenue of $57K, expenses of $34K, and assets of $644K (revenue +54.4% year-over-year).
- 2011: Revenue of $37K, expenses of $34K, and assets of $622K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward And Darenda Sheridanfoundation:
Data Sources and Methodology
This transparency report for Edward And Darenda Sheridanfoundation 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.