Nonprofit · EIN 23-2663390
FINE ARTS DISCOVERY SERIES INC
Also known as SHERMAN THEATER
Tax-exempt · STROUDSBURG, PA 18360
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,666,894 | $2,917,886 | -$250,992 | $2,983,321 | $1,688,786 | $1,294,535 |
| June 30, 2024 | 990 | $2,860,135 | $3,010,777 | -$150,642 | $3,300,136 | $1,754,608 | $1,545,528 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $129,320
- of which government grants
- $29,500
- Program service revenue
- $2,110,503
- Investment income
- $9,442
- Net gain from sales of assets
- $4,858
- Net income from sales of inventory
- $274,518
- Other revenue
- $417,629
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,380
- Other salaries and wages
- $651,923
- Salaries, compensation and benefits (total)
- $915,080
- Professional fundraising fees
- $0
- Accounting fees
- $3,300
- Occupancy
- $64,100
- Depreciation
- $190,015
- Program services (functional)
- $2,698,750
- Management and general (functional)
- $127,628
- Fundraising (functional)
- $91,508
Balance sheet and other
- Total assets, start of year
- $3,300,136
- Total assets, end of year
- $2,983,321
- Total liabilities, end of year
- $1,688,786
- Net assets, end of year
- $1,294,535
- Land, buildings and equipment
- $2,286,338
- Net assets without donor restrictions
- $1,294,535
- Gross receipts
- $2,667,036
- Employees
- 103
- Volunteers
- 50
- Year formed
- 1991
- State of legal domicile
- PA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BERKOWITZ | CEO AND BOARD CHAIR Trustee or director, Officer | 80 | $111,580 |
| CATHARINE BERKOWITZ | OFFICE MANAGER & BOARD TRE Trustee or director, Officer | 50 | $72,800 |
| ROBERT ROMAGNO SR | VICE BOARD CHAIR Trustee or director | 10 | $0 |
| CHRISTOPHER KEMMERER | SECRETARY Trustee or director | 7 | $0 |
| ANDY WORTHINGTON | BOARD MEMBER Trustee or director | 4 | $0 |
| CHRISTINA CONNOLLY | BOARD MEMBER Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BERKOWITZ | CEO AND BOARD CHAIR Trustee or director, Officer | 80 | $111,580 |
| CATHARINE BERKOWITZ | OFFICE MANAGER & BOARD TRE Trustee or director, Officer | 50 | $72,800 |
| ROBERT ROMAGNO SR | VICE BOARD CHAIR Trustee or director | 10 | $0 |
| CHRISTOPHER KEMMERER | SECRETARY Trustee or director | 7 | $0 |
| ANDY WORTHINGTON | BOARD MEMBER Trustee or director | 4 | $0 |
| CHRISTINA CONNOLLY | BOARD MEMBER Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 524 MAIN ST, STROUDSBURG, PA 18360-2004
- In care of
- % RICHARD W BERKOWITZ
- Principal officer (990 for 2024)
- RICHARD BERKOWITZ, 524 MAIN ST, STROUDSBURG, PA 18360
- Signed the 990
- RICHARD BERKOWITZ, EXECUTIVE DIRECTOR
- Phone
- (570) 420-2808
- Website
- WWW.SHERMANTHEATER.COM
- Return prepared by
- MARSHALL & MARSHALL CPAS PC
Mission
TO PROVIDE EDUCATION AND FOSTER AN APPRECIATION OF MUSIC AND THE FINE ARTS.
Program accomplishments
- TO PROVIDE EDUCATION AND FOSTER AN APPRECIATION OF MUSIC AND THE FINE ARTS.Expenses $2,698,750 · revenue $2,537,574
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2663390
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A51Z)
- Assets (IRS master file)
- $2,983,321
- Income (IRS master file)
- $2,667,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,666,894 | $2,917,886 | $2,983,321 | IRS |
| 990 | June 2024 | $2,860,135 | $3,010,777 | $3,300,136 | XML |
| 990 | June 2023 | $2,725,964 | $2,977,321 | $3,412,665 | IRS |
| 990 | June 2022 | $3,998,025 | $2,615,344 | $3,706,753 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 23-2663390).
Questions about FINE ARTS DISCOVERY SERIES INC
- What is the EIN of FINE ARTS DISCOVERY SERIES INC?
- The employer identification number (EIN) of FINE ARTS DISCOVERY SERIES INC is 23-2663390.
- Is FINE ARTS DISCOVERY SERIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to FINE ARTS DISCOVERY SERIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINE ARTS DISCOVERY SERIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FINE ARTS DISCOVERY SERIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINE ARTS DISCOVERY SERIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FINE ARTS DISCOVERY SERIES INC?
- The 990 for the year ended June 30, 2025 names RICHARD BERKOWITZ.
- Who are the officers and directors of FINE ARTS DISCOVERY SERIES INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $111,580 (RICHARD BERKOWITZ, CEO AND BOARD CHAIR).
- How much revenue does FINE ARTS DISCOVERY SERIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,666,894, expenses of $2,917,886 and total assets of $2,983,321 at year end.
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