Nonprofit · EIN 01-0530498
SHERMAN FAMILY FOUNDATION
Tax-exempt · SCARBOROUGH, ME 04074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $52,241 | $86,640 | -$34,399 | $166,693 | $50,744 | $115,949 |
| December 31, 2024 | 990-PF | $59,719 | $89,087 | -$29,368 | $150,348 | $0 | $150,348 |
| December 31, 2023 | 990-PF | $59,225 | $81,476 | -$22,251 | $179,716 | $0 | $179,716 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $52,241
Expenses
- Grants and similar amounts paid
- $84,000
- Disbursements for charitable purposes
- $85,075
- Excise tax on investment income
- $705
Balance sheet and other
- Total assets, start of year
- $150,348
- Total assets, end of year
- $166,693
- Total liabilities, end of year
- $50,744
- Net assets, end of year
- $115,949
- Fair market value of assets
- $968,044
- Qualifying distributions
- $85,075
- Net investment income
- $52,241
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY SHERMAN 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | PRESIDENT | 0 | $0 |
| DAVID S SHERMAN JR 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | TREASURER | 0 | $0 |
| MARTHA S BURCHENAL 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY SHERMAN 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | PRESIDENT | 0 | $0 |
| DAVID S SHERMAN JR 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | TREASURER | 0 | $0 |
| MARTHA S BURCHENAL 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY SHERMAN 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | PRESIDENT | 0 | $0 |
| DAVID S SHERMAN JR 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | TREASURER | 0 | $0 |
| MARTHA S BURCHENAL 15 PIPER ROAD UNIT J106, SCARBOROUGH, ME 04074 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 PIPER RD APT J106, SCARBOROUGH, ME 04074-7561
- In care of
- % DAVID S SHERMAN
- Signed the 990-PF
- DAVID S SHERMAN JR, TREASURER
- Phone
- (207) 219-8861
- Return prepared by
- KELLY DAWSON & SOUTER LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0530498
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $166,693
- Income (IRS master file)
- $52,241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $52,241 | $86,640 | $166,693 | IRS |
| 990-PF | December 2024 | $59,719 | $89,087 | $150,348 | IRS |
| 990-PF | December 2023 | $59,225 | $81,476 | $179,716 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0530498).
Questions about SHERMAN FAMILY FOUNDATION
- What is the EIN of SHERMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of SHERMAN FAMILY FOUNDATION is 01-0530498.
- Is SHERMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SHERMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHERMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHERMAN FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHERMAN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SHERMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SHERMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $52,241, expenses of $86,640 and total assets of $166,693 at year end.
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All nonprofits in SCARBOROUGH · Maine · Philanthropy, voluntarism and grantmaking foundations