Nonprofit · EIN 85-4125394
SHERMAN PHOENIX FOUNDATION INC
Tax-exempt · MILWAUKEE, WI 53216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $865,144 | $1,331,691 | -$466,547 | $620,376 | $872,598 | -$252,222 |
| December 31, 2023 | 990 | $1,248,019 | $1,537,902 | -$289,883 | $852,058 | $849,235 | $2,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $838,681
- of which government grants
- $466,513
- Program service revenue
- $304,463
- Investment income
- -$281,802
- Net gain from sales of assets
- -$282,324
- Net income from fundraising events
- $3,698
- Net income from sales of inventory
- $60
- Other revenue
- $3,802
Expenses
- Grants and similar amounts paid
- $51,186
- Compensation of officers, directors and key employees
- $166,500
- Other salaries and wages
- $186,441
- Salaries, compensation and benefits (total)
- $429,501
- Professional fundraising fees
- $0
- Legal fees
- $10,916
- Accounting fees
- $27,376
- Occupancy
- $164,054
- Travel
- $11,522
- Depreciation
- $6,792
- Program services (functional)
- $814,867
- Management and general (functional)
- $374,191
- Fundraising (functional)
- $142,633
Balance sheet and other
- Total assets, start of year
- $852,058
- Total assets, end of year
- $620,376
- Total liabilities, end of year
- $872,598
- Net assets, end of year
- -$252,222
- Land, buildings and equipment
- $299,481
- Net assets without donor restrictions
- -$252,222
- Gross receipts
- $1,147,468
- Employees
- 6
- Volunteers
- 10
- Year formed
- 2020
- State of legal domicile
- WI
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STACIA THOMPSON | CEO Trustee or director, Officer | 40 | $166,500 |
| Dr Damira Grady | President Trustee or director, Officer | 1 | $0 |
| Korbey White | Vice President Trustee or director, Officer | 1 | $0 |
| LEANA NAKIELSKI | Director Trustee or director, Officer | 1 | $0 |
| Shakia Smith | Director Trustee or director | 1 | $0 |
| Sherri Jordan | Director Trustee or director | 1 | $0 |
| Deidre Garret | Director Trustee or director | 1 | $0 |
| RAMEL BLY | Director Trustee or director | 1 | $0 |
| DANIELLE BLY | Director Trustee or director | 1 | $0 |
| Dina Abercrombie | Director Trustee or director | 1 | $0 |
| Charlotte Cannon-Sain | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACIA THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $125,963 | $10,008 |
| RON ADAMS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY COBB | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KENGE ADAMS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LEANA NAKIELSKI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOANNE SABIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIELLE BLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAMEL BLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3536 W FOND DU LAC AVE, MILWAUKEE, WI 53216-3737
- Principal officer (990 for 2024)
- Dr Damira Grady, 3536 W Fon Du Lac Avenue, MILWAUKEE, WI 53216
- Signed the 990
- Dr Damira Grady, President
- Phone
- (262) 228-6021
- Website
- www.shermanphoenix.com
- Return prepared by
- NUMBERS 4 NONPROFITS
Mission
THE SHERMAN PHOENIX FOUNDATION BUILDS INCLUSIVE AND JUST ECONOMIES FOR COMMUNITIES OF COLOR THROUGH STRATEGIES THAT SUPPORT ENTREPRENEURSHIP, WELLNESS, WORKPLACE INCLUSION, AND ECONOMIC EMPOWERMENT.
Program accomplishments
- ENTREPRENEURSHIP AND SMALL BUSINESS SUCCESS, CULTURAL AND ECONOMIC VIBRANCY, ECONOMIC EQUITY AND EMPOWERMENTExpenses $814,867 · grants $51,186
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 | Not 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
- 85-4125394
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $620,376
- Income (IRS master file)
- $1,147,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $865,144 | $1,331,691 | $620,376 | IRS |
| 990 | December 2023 | $1,248,019 | $1,537,902 | $852,058 | XML |
| 990 | December 2022 | $668,697 | $411,180 | $291,010 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 85-4125394).
Questions about SHERMAN PHOENIX FOUNDATION INC
- What is the EIN of SHERMAN PHOENIX FOUNDATION INC?
- The employer identification number (EIN) of SHERMAN PHOENIX FOUNDATION INC is 85-4125394.
- Is SHERMAN PHOENIX FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SHERMAN PHOENIX FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHERMAN PHOENIX FOUNDATION 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 SHERMAN PHOENIX FOUNDATION INC 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 SHERMAN PHOENIX FOUNDATION INC 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 SHERMAN PHOENIX FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Dr Damira Grady.
- Who are the officers and directors of SHERMAN PHOENIX FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $166,500 (STACIA THOMPSON, CEO).
- How much revenue does SHERMAN PHOENIX FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $865,144, expenses of $1,331,691 and total assets of $620,376 at year end.
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