James And Chantal Sheridan Foundation

James And Chantal Sheridan Foundation maintains strong asset growth and zero officer compensation.

EIN: 133933347 · Cos Cob, CT · NTEE: T20Z · Updated: 2026-03-28

$766KRevenue

$9.1MAssets

85/100Mission Score (Excellent)

T20Z

About James And Chantal Sheridan Foundation

James And Chantal Sheridan Foundation (EIN: 133933347) is a nonprofit organization based in Cos Cob, CT, classified under NTEE code T20Z. The organization reported total revenue of $766K and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James And Chantal Sheridan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The James And Chantal Sheridan Foundation demonstrates consistent financial stability with growing assets, reaching $9,104,466 in its latest filing. The organization has shown a positive trend in revenue over recent years, with the latest reported revenue at $766,338, and expenses generally well below revenue, indicating sound financial management. For instance, in the 202302 period, revenue was $536,152 against expenses of $357,175, resulting in a surplus. This pattern suggests the foundation is effectively managing its resources and building its endowment.

Regarding spending efficiency, the provided data indicates that the organization has consistently reported 0% officer compensation across all filings, which is a strong indicator of low administrative overhead, at least concerning executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the raw data, the absence of officer compensation suggests a lean operational structure. The foundation's NTEE code T20Z (Philanthropy, Voluntarism, and Grantmaking Foundations) implies its primary activity is grantmaking, which typically involves lower direct program delivery costs compared to service-providing charities.

Transparency appears to be good, with 10 filings available, demonstrating a consistent reporting history to the IRS. The consistent growth in assets and the positive revenue-to-expense ratio across most recent periods suggest a well-managed and financially healthy organization. The lack of liabilities in many periods further reinforces its strong financial position. However, without a detailed functional expense breakdown, it's challenging to fully assess the efficiency of program spending versus other operational costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates James And Chantal 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, James And Chantal 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($9,104,466) and suggests a volunteer-led or very lean operational model.

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 James And Chantal Sheridan Foundation's IRS 990 filings:

Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.

Strengths

The following positive indicators were identified for James And Chantal Sheridan Foundation:

Consistent asset growth, reaching $9,104,466 in the latest period.
Zero officer compensation reported across all filings, indicating very low executive overhead.
Positive revenue-to-expense ratio in most recent periods, demonstrating financial stability.
Strong financial health with low liabilities reported in most periods.
Consistent IRS 990 filing history, indicating good transparency.

Frequently Asked Questions about James And Chantal Sheridan Foundation

Is the James And Chantal Sheridan Foundation a good charity?

Based on the available financial data, the foundation appears to be a well-managed entity with strong financial health, consistent asset growth, and a notable commitment to zero officer compensation. Its primary function as a grantmaking foundation (NTEE T20Z) means its 'program' spending is likely grants to other organizations. The absence of officer compensation is a significant positive indicator of efficiency.

How does the foundation manage its expenses given zero officer compensation?

The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any administrative functions are handled by external contractors or other entities, rather than salaried officers. This contributes to very low overhead related to executive salaries.

What is the trend in the foundation's assets?

The foundation's assets have shown a strong upward trend in recent years, growing from $6,006,418 in 202002 to $9,104,466 in the latest filing, indicating successful investment or accumulation of funds.

Filing History

IRS 990 filing history for James And Chantal Sheridan Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), James And Chantal Sheridan Foundation's revenue has declined by 77.1%, moving from $2.3M to $536K. Total assets decreased by 6.7% over the same period, from $6.8M to $6.3M. Total functional expenses fell by 14.2%, from $416K to $357K. In its most recent filing year (2023), James And Chantal Sheridan Foundation reported a surplus of $179K, with revenue exceeding expenses. The organization holds $41K in liabilities against $6.3M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $6.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$536K	$357K	$6.3M	$41K	—	View 990
2022	$479K	$394K	$6.9M	$25K	—	View 990
2021	$243K	$348K	$7.0M	$6K	—	View 990
2020	$308K	$306K	$6.0M	$1	—	View 990
2019	$306K	$305K	$5.7M	$0	—	View 990
2015	$15K	$356K	$6.7M	$0	—	View 990
2014	$696K	$491K	$6.9M	$1	—	View 990
2013	$-5,414	$343K	$6.3M	$0	—	View 990
2012	$-208,682	$392K	$6.6M	$0	—	View 990
2011	$2.3M	$416K	$6.8M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $536K, expenses of $357K, and assets of $6.3M (revenue +11.8% year-over-year).
2022: Revenue of $479K, expenses of $394K, and assets of $6.9M (revenue +97.3% year-over-year).
2021: Revenue of $243K, expenses of $348K, and assets of $7.0M (revenue -21.2% year-over-year).
2020: Revenue of $308K, expenses of $306K, and assets of $6.0M (revenue +0.9% year-over-year).
2019: Revenue of $306K, expenses of $305K, and assets of $5.7M (revenue +1988.3% year-over-year).
2015: Revenue of $15K, expenses of $356K, and assets of $6.7M (revenue -97.9% year-over-year).
2014: Revenue of $696K, expenses of $491K, and assets of $6.9M.
2013: Revenue of $-5,414, expenses of $343K, and assets of $6.3M.
2012: Revenue of $-208,682, expenses of $392K, and assets of $6.6M (revenue -108.9% year-over-year).
2011: Revenue of $2.3M, expenses of $416K, and assets of $6.8M.

Data Sources and Methodology

This transparency report for James And Chantal 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.