Nonprofit · EIN 47-5574962
IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC
Tax-exempt · PALM BCH GDNS, FL 33418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $94,827 | $219,166 | -$124,339 | $520,074 | $0 | $520,074 |
| December 31, 2024 | 990-PF | $157,250 | $166,115 | -$8,865 | $644,413 | $0 | $644,413 |
| December 31, 2023 | 990-PF | $9,906 | $126,173 | -$116,267 | $670,889 | $0 | $670,889 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $30,249
- Dividends
- $6,152
- Net gain from sales of assets
- $58,426
Expenses
- Grants and similar amounts paid
- $205,135
- Compensation of officers, directors and key employees
- $6,250
- Disbursements for charitable purposes
- $206,710
- Excise tax on investment income
- $789
Balance sheet and other
- Total assets, start of year
- $644,413
- Total assets, end of year
- $520,074
- Total liabilities, end of year
- $0
- Net assets, end of year
- $520,074
- Fair market value of assets
- $979,141
- Qualifying distributions
- $206,710
- Net investment income
- $64,578
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 |
|---|---|---|---|
| IRA SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | EXECUTIVE DIRECTOR | 30 | $5,000 |
| MARYJO SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | DIRECTOR | 30 | $1,250 |
| BRADLEY SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
| DANIEL SHERMAN 2285 NW FLANDERS ST APT 302, PORTLAND, OR 97210 | DIRECTOR | 10 | $0 |
| ABIGAIL SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRA SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | EXECUTIVE DIRECTOR | 30 | $2,000 |
| MARYJO SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | DIRECTOR | 30 | $1,000 |
| BRADLEY SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
| DANIEL SHERMAN 2285 NW FLANDERS ST APT 302, PORTLAND, OR 97210 | DIRECTOR | 10 | $0 |
| ABIGAIL SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRA SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | EXECUTIVE DIRECTOR | 30 | $0 |
| MARYJO SHERMAN 126 GRAND PALM WAY, PALM BEACH GARDENS, FL 33418 | DIRECTOR | 30 | $0 |
| BRADLEY SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
| DANIEL SHERMAN 2285 NW FLANDERS ST APT 302, PORTLAND, OR 97210 | DIRECTOR | 10 | $0 |
| ABIGAIL SHERMAN 12315 OVERPOND WAY, POTOMAC, MD 20854 | DIRECTOR | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 126 GRAND PALM WAY, PALM BCH GDNS, FL 33418-4630
- Signed the 990-PF
- IRA SHERMAN, EXECUTIVE DIRECTOR
- Phone
- (202) 659-8600
- Return prepared by
- SNYDER COHN PC
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
- 47-5574962
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $520,074
- Income (IRS master file)
- $346,677
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $94,827 | $219,166 | $520,074 | IRS |
| 990-PF | December 2024 | $157,250 | $166,115 | $644,413 | XML |
| 990-PF | December 2023 | $9,906 | $126,173 | $670,889 | 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 47-5574962).
Questions about IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC
- What is the EIN of IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC?
- The employer identification number (EIN) of IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC is 47-5574962.
- Is IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC 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 IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC 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 IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $5,000 (IRA SHERMAN, EXECUTIVE DIRECTOR).
- How much revenue does IRA AND MARYJO SHERMAN FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $94,827, expenses of $219,166 and total assets of $520,074 at year end.
Other nonprofits in PALM BCH GDNS
- VOLO FOUNDATION EIN 47-2415681 · last filed 990-PF for 2024
- PAY IT FORWARD FOUNDATION INC EIN 99-2162700 · last filed 990-PF for 2025
- VENTUS CHARITABLE FOUNDATION EIN 47-2853600 · last filed 990-PF for 2025
- CHARLES MILLER MEMORIAL FOUNDATION INC EIN 35-1974345 · last filed 990-PF for 2025
- BRANIFF FAMILY PRIVATE FOUNDATION INC EIN 93-1343532 · last filed 990-PF for 2025
- FELLOWSHIP EDUCATIONAL FOUNDATION INC EIN 65-1218696 · last filed 990 for 2025
- THE AZEEZ FOUNDATION EIN 23-2967146 · last filed 990-PF for 2024
- CLINE FAMILY FOUNDATION EIN 26-2866189 · last filed 990-PF for 2024
All nonprofits in PALM BCH GDNS · Florida · Philanthropy, voluntarism and grantmaking foundations