Sherman White Jr And Virginia H White Charitable Fund
Sherman White Jr And Virginia H White Charitable Fund demonstrates consistent asset growth and zero executive compensation over a decade.
EIN: 203970395 · Brooklyn, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $888K |
| Program Spending | 90% |
| Net Assets | $12.5M |
| Transparency Score | 95/100 |
Is Sherman White Jr And Virginia H White Charitable Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sherman White Jr And Virginia H White Charitable Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sherman White Jr And Virginia H White Charitable Fund
Sherman White Jr And Virginia H White Charitable Fund (EIN: 203970395) is a nonprofit organization based in Brooklyn, OH, classified under NTEE code T22. The organization reported total revenue of $4.5M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sherman White Jr And Virginia H White Charitable Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sherman White Jr And Virginia H White Charitable Fund is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $888K |
| Surplus / Deficit | +$134K |
| Total Assets | $12.5M |
| Total Liabilities | $1 |
| Net Assets | $12.5M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.0 months |
Financial Health Grade: A
In 2023, Sherman White Jr And Virginia H White Charitable Fund reported a surplus of $134K with revenue exceeding expenses, holds 169.0 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), Sherman White Jr And Virginia H White Charitable Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -11.9% | +1.1% |
| 2022 | -29.5% | +17.8% | +0.7% |
| 2021 | +63.4% | +6.0% | +6.0% |
| 2020 | +17.2% | +1.2% | +1.2% |
| 2019 | -24.9% | -3.2% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 White Jr And Virginia H White Charitable Fund with a Mission Score of 95 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, Sherman White Jr And Virginia H White Charitable Fund 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 $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the fund, which is highly unusual and suggests a volunteer-led or externally managed structure for administrative functions.
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 Sherman White Jr And Virginia H White Charitable Fund's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data (typical for private foundations, but limits granular analysis without full 990 review)
Strengths
The following positive indicators were identified for Sherman White Jr And Virginia H White Charitable Fund:
- Consistent asset growth ($10.1M in 2011 to $12.5M in 2023)
- Zero executive compensation reported across all filings
- Minimal liabilities (consistently $1 or $0)
- Revenue consistently exceeds expenses in most periods
- Long history of consistent IRS 990 filings (10 filings)
Frequently Asked Questions about Sherman White Jr And Virginia H White Charitable Fund
Is Sherman White Jr And Virginia H White Charitable Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sherman White Jr And Virginia H White Charitable Fund (EIN: 203970395) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Sherman White Jr And Virginia H White Charitable Fund spend its money?
Sherman White Jr And Virginia H White Charitable Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sherman White Jr And Virginia H White Charitable Fund tax-deductible?
Sherman White Jr And Virginia H White Charitable Fund is registered as a tax-exempt nonprofit (EIN: 203970395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sherman White Jr And Virginia H White Charitable Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Sherman White Jr And Virginia H White Charitable Fund 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 Sherman White Jr And Virginia H White Charitable Fund located?
Sherman White Jr And Virginia H White Charitable Fund is headquartered in Brooklyn, Ohio and files with the IRS under EIN 203970395. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sherman White Jr And Virginia H White Charitable Fund have?
Sherman White Jr And Virginia H White Charitable Fund 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 $4.5M in total revenue.
Is the Sherman White Jr And Virginia H White Charitable Fund financially stable?
Yes, the fund is highly financially stable. Its assets have consistently grown from $10,173,542 in 2011 to $12,511,315 in 2023, and it consistently reports minimal liabilities (often $1), indicating strong financial health and prudent management.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation across all available filings, meaning no salaries are paid to executives or key employees from the fund's resources.
How has the fund's asset base changed over time?
The fund's assets have shown consistent growth, increasing from $10,173,542 in 2011 to $12,511,315 in 2023, demonstrating effective investment and asset management.
What is the fund's revenue trend?
The fund's annual revenue has fluctuated but generally remained strong, ranging from $486,245 in 2012 to $1,551,007 in 2021, consistently exceeding expenses in most years.
Filing History
IRS 990 filing history for Sherman White Jr And Virginia H White Charitable Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sherman White Jr And Virginia H White Charitable Fund's revenue has grown by 38.9%, moving from $736K to $1.0M. Total assets increased by 23% over the same period, from $10.2M to $12.5M. Total functional expenses rose by 34.9%, from $658K to $888K. In its most recent filing year (2023), Sherman White Jr And Virginia H White Charitable Fund reported a surplus of $134K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $888K | $12.5M | $1 | — | View 990 |
| 2022 | $1.1M | $1.0M | $12.4M | $1 | — | View 990 |
| 2021 | $1.6M | $856K | $12.3M | $1 | — | — |
| 2020 | $949K | $808K | $11.6M | $1 | — | View 990 |
| 2019 | $810K | $798K | $11.5M | $1 | — | View 990 |
| 2015 | $1.1M | $825K | $10.7M | $0 | — | View 990 |
| 2014 | $1.0M | $735K | $10.4M | $0 | — | View 990 |
| 2013 | $824K | $670K | $10.1M | $0 | — | View 990 |
| 2012 | $486K | $704K | $10.0M | $0 | — | View 990 |
| 2011 | $736K | $658K | $10.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $888K, and assets of $12.5M (revenue -6.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $12.4M (revenue -29.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $856K, and assets of $12.3M (revenue +63.4% year-over-year).
- 2020: Revenue of $949K, expenses of $808K, and assets of $11.6M (revenue +17.2% year-over-year).
- 2019: Revenue of $810K, expenses of $798K, and assets of $11.5M (revenue -24.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $825K, and assets of $10.7M (revenue +4.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $735K, and assets of $10.4M (revenue +25.4% year-over-year).
- 2013: Revenue of $824K, expenses of $670K, and assets of $10.1M (revenue +69.4% year-over-year).
- 2012: Revenue of $486K, expenses of $704K, and assets of $10.0M (revenue -34.0% year-over-year).
- 2011: Revenue of $736K, expenses of $658K, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sherman White Jr And Virginia H White Charitable Fund:
Data Sources and Methodology
This transparency report for Sherman White Jr And Virginia H White Charitable Fund 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.