Sherman Family Foundation
Sherman Family Foundation maintains strong asset growth and zero officer compensation, consistently disbursing millions annually.
EIN: 205667031 · Mission Woods, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $5.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $39.0M |
| Transparency Score | 92/100 |
Is Sherman Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sherman Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sherman Family Foundation
Sherman Family Foundation (EIN: 205667031) is a nonprofit organization based in Mission Woods, KS, classified under NTEE code T20. The organization reported total revenue of $9.4M and total assets of $39.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sherman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sherman Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-3,174,594 |
| Total Assets | $39.0M |
| Total Liabilities | $1 |
| Net Assets | $39.0M |
| Operating Margin | -114.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 78.7 months |
Financial Health Grade: B
In 2023, Sherman Family Foundation reported a deficit of $3.2M with expenses exceeding revenue, holds 78.7 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), Sherman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.9% | -4.8% | -6.1% |
| 2022 | +155.2% | +0.1% | +25.4% |
| 2021 | +45.9% | +14.8% | -3.9% |
| 2020 | -54.0% | +16.2% | -10.5% |
| 2019 | +99.7% | +134.7% | +45.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Sherman Family Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Sherman Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
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 efficient for an organization with assets of nearly $40 million.
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.
Strengths
The following positive indicators were identified for Sherman Family Foundation:
- Consistent 0% officer compensation, maximizing funds for programs.
- Significant growth in assets over the past decade, from $6.1M to $39.6M.
- Low liabilities reported across all filing periods, indicating sound financial management.
- Consistent filing of IRS 990s, demonstrating high transparency.
- Active grantmaking with expenses often exceeding revenue in recent years, showing commitment to mission.
Frequently Asked Questions about Sherman Family Foundation
Is Sherman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sherman Family Foundation (EIN: 205667031) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Sherman Family Foundation spend its money?
Sherman Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sherman Family Foundation tax-deductible?
Sherman Family Foundation is registered as a tax-exempt nonprofit (EIN: 205667031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sherman Family Foundation CEO make?
Sherman Family Foundation's highest-compensated officer earns $40 annually. The organization reported $9.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sherman Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sherman Family Foundation 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 Sherman Family Foundation located?
Sherman Family Foundation is headquartered in Mission Woods, Kansas and files with the IRS under EIN 205667031. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sherman Family Foundation have?
Sherman Family 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 $9.4M in total revenue.
Is the Sherman Family Foundation a good charity?
Based on the available IRS 990 data, the Sherman Family Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets (from $6.1M in 2011 to $39.6M currently), consistently disburses significant funds towards its mission (e.g., $5.9M in expenses in 2023), and reports 0% officer compensation, indicating high efficiency and a focus on program spending.
How has the foundation's asset base changed over time?
The foundation's asset base has grown substantially over the past decade, from $6,146,182 in 2011 to $39,657,521 currently, representing an increase of over 500%.
What is the foundation's approach to executive compensation?
The Sherman Family Foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers, which is a highly efficient operational model.
Filing History
IRS 990 filing history for Sherman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sherman Family Foundation's revenue has grown by 1254.1%, moving from $205K to $2.8M. Total assets increased by 534.6% over the same period, from $6.1M to $39.0M. Total functional expenses rose by 758%, from $693K to $5.9M. In its most recent filing year (2023), Sherman Family Foundation reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $39.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $5.9M | $39.0M | $1 | — | — |
| 2022 | $14.5M | $6.2M | $41.5M | $1 | — | — |
| 2021 | $5.7M | $6.2M | $33.1M | $1K | — | View 990 |
| 2020 | $3.9M | $5.4M | $34.5M | $775 | — | — |
| 2019 | $8.5M | $4.7M | $38.5M | $4K | — | View 990 |
| 2015 | $4.2M | $2.0M | $26.5M | $4K | — | View 990 |
| 2014 | $11.6M | $1.0M | $25.2M | $1 | — | View 990 |
| 2013 | $10.4M | $501K | $15.4M | $1 | — | View 990 |
| 2012 | $264K | $950K | $5.5M | $1 | — | View 990 |
| 2011 | $205K | $693K | $6.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $5.9M, and assets of $39.0M (revenue -80.9% year-over-year).
- 2022: Revenue of $14.5M, expenses of $6.2M, and assets of $41.5M (revenue +155.2% year-over-year).
- 2021: Revenue of $5.7M, expenses of $6.2M, and assets of $33.1M (revenue +45.9% year-over-year).
- 2020: Revenue of $3.9M, expenses of $5.4M, and assets of $34.5M (revenue -54.0% year-over-year).
- 2019: Revenue of $8.5M, expenses of $4.7M, and assets of $38.5M (revenue +99.7% year-over-year).
- 2015: Revenue of $4.2M, expenses of $2.0M, and assets of $26.5M (revenue -63.6% year-over-year).
- 2014: Revenue of $11.6M, expenses of $1.0M, and assets of $25.2M (revenue +12.0% year-over-year).
- 2013: Revenue of $10.4M, expenses of $501K, and assets of $15.4M (revenue +3836.3% year-over-year).
- 2012: Revenue of $264K, expenses of $950K, and assets of $5.5M (revenue +29.1% year-over-year).
- 2011: Revenue of $205K, expenses of $693K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sherman Family Foundation:
Data Sources and Methodology
This transparency report for Sherman Family 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.