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Nonprofit · EIN 92-2456884

SHERRY CERVI FOUNDATION INC

Tax-exempt · LIPAN, TX 76462

Financials

$612K$423K2024
Revenue Expenses · by fiscal year end
Financials of SHERRY CERVI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$612,480$423,343$189,137$189,137$0$189,137
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$328,991
Program service revenue
$283,489
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,050
Benefits paid to members
$220,069
Compensation of officers, directors and key employees
$5,775
Other salaries and wages
$16,153
Salaries, compensation and benefits (total)
$21,928
Professional fundraising fees
$0
Legal fees
$3,484
Accounting fees
$3,660
Travel
$1,066
Program services (functional)
$408,893
Management and general (functional)
$14,450

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$189,137
Total liabilities, end of year
$0
Net assets, end of year
$189,137
Net assets without donor restrictions
$189,137
Gross receipts
$612,480
Employees
0
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
JEYE JOHNSONSecretary
Trustee or director
2$5,775
CORBAN PETSKADirector
Trustee or director
0$0
SHERRY CERVIPresident
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 232, LIPAN, TX 76462-0232
In care of
% SHERRY J CERVI
Principal officer (990 for 2024)
SHERRY CERVI, PO BOX 232, LIPAN, TX 76462
Signed the 990
SHERRY CERVI, President
Phone
(520) 907-6174
Return prepared by
Charyse A Maher CPA

Mission

TO FACILITATE COMMUNITY INVOLVEMENT AND DEVELOPMENT IN YOUTH THROUGH THEIR PARTICIPATION IN EQUINE EVENTS. EDUCATIONAL PURPOSES ARE FURTHERED THROUGH THESE ACTIVITIES. PRODUCES YOUTH HORSE EVENTS FOR AGES 4-19. OFFERS SCHOLARSHIPS.

990 for the year ended December 31, 2024

Program accomplishments

  • ORGANIZATION OFFERED YOUTH HORSEBACK EVENTS IN OHIO AND ARIZONA. THE PROGRAMS PROVIDED EDUCATIONAL OPPORTUNITIES TO 700 YOUTH. ORGANIZATON PROVIDED 12 SCHOLARSHIPS.
    Expenses $408,893

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, 2024Check at the IRS

IRS record

EIN
92-2456884
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$189,137
Income (IRS master file)
$612,480

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$612,480$423,343$189,137XML

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 92-2456884).

Questions about SHERRY CERVI FOUNDATION INC

What is the EIN of SHERRY CERVI FOUNDATION INC?
The employer identification number (EIN) of SHERRY CERVI FOUNDATION INC is 92-2456884.
Is SHERRY CERVI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to SHERRY CERVI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SHERRY CERVI 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 SHERRY CERVI 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 SHERRY CERVI 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 SHERRY CERVI FOUNDATION INC?
The 990 for the year ended December 31, 2024 names SHERRY CERVI.
Who are the officers and directors of SHERRY CERVI FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $5,775 (JEYE JOHNSON, Secretary).
How much revenue does SHERRY CERVI FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $612,480, expenses of $423,343 and total assets of $189,137 at year end.

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