Nonprofit · EIN 27-3201320
SHERMAN ACADEMY
Tax-exempt · WINSTON SALEM, NC 27127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $199,557 | $196,090 | $3,467 | -$12,202 | $0 | -$12,202 |
| December 31, 2024 | 990 | $110,773 | $116,917 | -$6,144 | $4,931 | $20,600 | -$15,669 |
| December 31, 2023 | 990 | $70,027 | $63,045 | $6,982 | $11,075 | $20,600 | -$9,525 |
| December 31, 2022 | 990-EZ (amended) | $79,580 | $77,023 | $2,557 | $4,466 | $70 | $4,396 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $167,135
- of which government grants
- $167,135
- Program service revenue
- $32,422
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $58,621
- Salaries, compensation and benefits (total)
- $58,621
- Professional fundraising fees
- $0
- Occupancy
- $7,645
- Program services (functional)
- $196,090
Balance sheet and other
- Total assets, start of year
- -$15,669
- Total assets, end of year
- -$12,202
- Total liabilities, end of year
- $0
- Net assets, end of year
- -$12,202
- Net assets without donor restrictions
- -$12,202
- Gross receipts
- $199,557
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2010
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Sherman | Executive Director Officer | 40 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bruce Sherman | Director Trustee or director | 0 | $0 |
| Brian Thompson | Director Trustee or director | 0 | $0 |
| Alexis Tennie | Director Trustee or director | 0 | $0 |
| Joy Riley Switzer | Director Trustee or director | 0 | $0 |
| Jennifer Sherman | Executive Director Officer | 40 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexis Tennie | Director Trustee or director | 0 | $0 |
| Joy Riley Switzer | Director Trustee or director | 0 | $0 |
| Brian Thompson | Director Trustee or director | 0 | $0 |
| Bruce Sherman | Director Trustee or director | 0 | $0 |
| Jennifer Sherman | Executive Director Officer | 40 | $0 |
990-EZ for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Sherman | Executive Director | 40 | $36,586 |
| Bruce Sherman | Director | 0 | $0 |
| Brian Thompson | Director | 0 | $0 |
| Alexis Tennie | Director | 0 | $0 |
| Joy Riley Switzer | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1999 TIGER EYE CT, WINSTON SALEM, NC 27127-8008
- In care of
- % JENNIFER SHERMAN
- Mailing address (990-N for 2021)
- 2101 Peters Creek Pkwy, Winston Salem NC 27127
- Principal officer (990 for 2025)
- Jennifer Sherman, 1999 Tiger Eye Ct, Winston Salem, NC 27127
- Principal officer (990-N for 2021)
- Jennifer Sherman, 1999 Tiger Eye Court, Winston Salem NC 27127
- Signed the 990
- JENNIFER SHERMAN, Excutive Director
- Return prepared by
- The Tax Man of NC
Mission
To educate students one child at a time
Program accomplishments
- To educate students one child at a timeExpenses $196,090
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3201320
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $12,202
- Income (IRS master file)
- $199,557
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $199,557 | $196,090 | -$12,202 | IRS |
| 990 | December 2024 | $110,773 | $116,917 | $4,931 | IRS |
| 990 | December 2023 | $70,027 | $63,045 | $11,075 | XML |
| 990-EZ | July 2023 | – | – | – | IRS |
| 990-EZ | December 2022 | $79,580 | $77,023 | $4,466 | XML |
| 990-N for 2021 Officer: Jennifer Sherman | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Jennifer Sherman | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Jennifer Sherman | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-3201320).
Questions about SHERMAN ACADEMY
- What is the EIN of SHERMAN ACADEMY?
- The employer identification number (EIN) of SHERMAN ACADEMY is 27-3201320.
- Is SHERMAN ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SHERMAN ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHERMAN ACADEMY 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 SHERMAN ACADEMY 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 ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SHERMAN ACADEMY?
- The 990 for the year ended December 31, 2025 names Jennifer Sherman.
- Who are the officers and directors of SHERMAN ACADEMY?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does SHERMAN ACADEMY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $199,557, expenses of $196,090 and total assets of -$12,202 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Education