Nonprofit · EIN 88-2197177
402 DEMO FOR EDUCATION
Tax-exempt · WAYNE, NE 68787
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $16,814 | $5,869 | $10,945 | $26,572 | $0 | $26,572 |
| December 31, 2024 | 990-EZ | $7,077 | $7,515 | -$438 | $15,627 | $0 | $15,627 |
| December 31, 2023 | 990-EZ | $8,769 | $2,534 | $6,235 | $16,065 | $0 | $16,065 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $17,900
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$1,086
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,090
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $524
- Printing, publications and postage
- $213
- Other expenses
- $1,042
- Program services (functional)
- $90
Balance sheet and other
- Total assets, start of year
- $15,627
- Total assets, end of year
- $26,572
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,572
- Cash, savings and investments
- $26,572
- Gross receipts
- $35,107
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Sherman | President | 0.2 | $0 |
| Cynthia Sherman | Secretary/Treasurer | 0.2 | $0 |
| Brent Sherman | Director | 0.2 | $0 |
| Stacie Sherman | Director | 0.2 | $0 |
| Tammi Kramer | Director | 0.2 | $0 |
| Stephen Kaup | Director | 0.2 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Sherman | President | 0.2 | $0 |
| Shawna Anderson | Vice President | 0.2 | $0 |
| Cynthia Sherman | Secretary/Treasurer | 0.2 | $0 |
| Chad Anderson | Director | 0.5 | $0 |
| Brent Sherman | Director | 0.2 | $0 |
| Stacie Sherman | Director | 0.2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Sherman | President | 0.2 | $0 |
| Shawna Anderson | Vice President | 0.2 | $0 |
| Cynthia Sherman | Secretary/Treasurer | 0.2 | $0 |
| Chad Anderson | Director | 0.05 | $0 |
| Brent Sherman | Director | 0.1 | $0 |
| Stacie Sherman | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 314 W 6TH ST, WAYNE, NE 68787-1816
- Signed the 990-EZ
- Cynthia Sherman, Secretary/Treasurer
- Phone
- (402) 375-8864
Mission
To provide Scholarships to aid students enrolling in trade schools for degrees in Auto/Diesel Mechanic, Auto Body, Electrical, HVAC and Construction.
Program accomplishments
- Three $1000 402 Blue Collar Scholarships were set up for 2026-27 school year with Northeast Community College Foundation.Expenses $90 · grants $3,000
- One $1000 402 Blue Collar Scholarship was paid to Wayne Community School Foundation to be awarded to a 2025 Wayne High School Graduate for the 2025-26 school year.grants $1,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2197177
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $26,572
- Income (IRS master file)
- $35,107
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $16,814 | $5,869 | $26,572 | XML |
| 990-EZ | December 2024 | $7,077 | $7,515 | $15,627 | XML |
| 990-EZ | December 2023 | $8,769 | $2,534 | $16,065 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-2197177).
Questions about 402 DEMO FOR EDUCATION
- What is the EIN of 402 DEMO FOR EDUCATION?
- The employer identification number (EIN) of 402 DEMO FOR EDUCATION is 88-2197177.
- Is 402 DEMO FOR EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to 402 DEMO FOR EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 402 DEMO FOR EDUCATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of 402 DEMO FOR EDUCATION 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 402 DEMO FOR EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of 402 DEMO FOR EDUCATION?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does 402 DEMO FOR EDUCATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $16,814, expenses of $5,869 and total assets of $26,572 at year end.
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