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Nonprofit · EIN 75-1541356

THE SHERMAN MUSEUM

Tax-exempt · SHERMAN, TX 75090

Financials

$209K$245K2024
Revenue Expenses · by fiscal year end
Financials of THE SHERMAN MUSEUM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$209,466$245,085-$35,619$464,755-$1$464,756
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$197,455
of which government grants
$83,500
Membership dues
$875
Program service revenue
$0
Investment income
$3,022
Net rental income
$500
Net income from fundraising events
$5,255
Net income from sales of inventory
$3,234
Other revenue
$8,989

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$75,736
Salaries, compensation and benefits (total)
$83,893
Professional fundraising fees
$0
Accounting fees
$2,350
Depreciation
$16,900
Program services (functional)
$245,085

Balance sheet and other

Total assets, start of year
$485,390
Total assets, end of year
$464,755
Total liabilities, end of year
-$1
Net assets, end of year
$464,756
Land, buildings and equipment
$288,173
Net assets without donor restrictions
$364,756
Net assets with donor restrictions
$100,000
Gross receipts
$226,801
Employees
4
Year formed
1976
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DICKIE GERIGTrustee
Trustee or director
3$0
MELISSA EASONTrustee
Trustee or director
0$0
SHERRY CAVANAUGHTrustee
Trustee or director
0$0
SHIRLEY CLARKTrustee
Trustee or director
1$0
NORA CLINETrustee
Trustee or director
0$0
JEANETTE MAYHUGHTrustee
Trustee or director
0$0
SHERRY COLLINSTrustee
Trustee or director
0$0
RUTH ANN RUNNELSTrustee
Trustee or director
0$0
LINDA TURNERTrustee
Trustee or director
0$0
AARON BUCYVice President
Officer
0$0
SUSAN STEPHENSVice President
Officer
2$0
PRESTON DAVISPresident
Officer
1$0
CHRISTOPHER MANIETSecretary
Officer
0$0
GAYLA HAWKINSTreasurer
Officer
1$0

Address and contacts

Address (IRS master file)
301 S WALNUT ST, SHERMAN, TX 75090-7152
Principal officer (990 for 2024)
PRESTON DAVIS, 614 E LAMBERTH RD, SHERMAN, TX 75090
Signed the 990
PRESTON DAVIS, President
Phone
(903) 893-7623
Return prepared by
Clifton and Jackson LLC

Mission

PRESERVATION AND EDUCATION OF HISTORY AND HISTORICAL ITEMS OF INTEREST FOR THE CITIZENS AND VISITORS OF SHERMAN, TX.

990 for the year ended December 31, 2024

Program accomplishments

  • PRESERVATION AND EDUCATION OF HISTORY AND HISTORICAL ITEMS OF INTEREST FOR THE CITIZENS AND VISITORS OF SHERMAN, TX.
    Expenses $245,085 · revenue $197,455

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1541356
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
1977
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$464,755
Income (IRS master file)
$226,801

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$130,304$151,524$485,390IRS
990December 2022$92,511$132,080$488,401IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about THE SHERMAN MUSEUM

What is the EIN of THE SHERMAN MUSEUM?
The employer identification number (EIN) of THE SHERMAN MUSEUM is 75-1541356.
Is THE SHERMAN MUSEUM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
Are donations to THE SHERMAN MUSEUM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE SHERMAN MUSEUM 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 THE SHERMAN MUSEUM due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE SHERMAN MUSEUM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE SHERMAN MUSEUM?
The 990 for the year ended December 31, 2024 names PRESTON DAVIS.
Who are the officers and directors of THE SHERMAN MUSEUM?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does THE SHERMAN MUSEUM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $209,466, expenses of $245,085 and total assets of $464,755 at year end.

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