Sherr Family Foundation
- Assets
- $176.5k
- Revenue
- $19.8k
- Investments
- $120.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-2728083
Organization Overview
Sherr Family Foundation is located in Boston, MA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherr Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sherr Family Foundation generated $19.8k in total revenue. All expenses for the organization totaled $3.2k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDED TWO 1,000 SCHOLARSHIPS TOTALING 2,000 TO THE CHELSEA HIGH SCHOOL SCHOLARSHIP FUND. THE CONTRIBUTION FUNDS THE CHARLES B. SHERR & HARRY B. SHERR SCHOLARSHIPS WHICH ARE DISBURSED TO TWO CHELSEA HIGH SCHOOL STUDENTS.THE STUDENTS ARE GRADUATING SENIORS WHO HAVE BEEN ACCEPTED TO AND WILL BE ATTENDING AN ACCREDITED COLLEGE OR UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard N Sherr Trustee | 1 | $0 | |
Elizabeth M Sherr Trustee | 1 | $0 | |
Robert S Sherr Trustee | 1 | $0 | |
Lisa A Sherr Trustee | 1 | $0 | |
Benjamin C Sheer Trustee | 1 | $0 | |
Caitlin E Sherr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $10 |
| Dividends & Interest | $2,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,041 |
| Capital Gain Net Income | $2,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $1,205 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $3,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,899 |
| Savings and temporary cash investments | $6,067 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $176,486 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |