Saul & Devorah Sherman Fund
- Assets
- $367.0k
- Revenue
- $34.8k
- Investments
- $270.4k
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 05/1964
- Data as of
- 09/2023
- EIN
- 36-6059502
Organization Overview
Saul & Devorah Sherman Fund is located in Sag Harbor, NY. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Saul & Devorah Sherman Fund 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 09/2023, Saul & Devorah Sherman Fund generated $34.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $75.6k during the year ending 09/2023. While expenses have increased by 0.2% per year over the past 8 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.
Since 2015, Saul & Devorah Sherman Fund has awarded 285 individual grants totaling $699,932. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tal Litvin Pres/treas/d | 0 | $0 | |
Ariel Litvin Vp/dir | 0 | $0 | |
Chloe Sherman Vp/secr/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $549 |
| Dividends & Interest | $34,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $971 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,610 |
| Printing and publications | $0 |
| Other expenses | $2,505 |
| Total operating and administrative expenses | $6,386 |
| Contributions, gifts, grants paid | $69,185 |
| Total expenses and disbursements | $75,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,261 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $268 |
| Total assets | $366,969 |
| 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 |
Grants Awarded
Over the last fiscal year, Saul & Devorah Sherman Fund has awarded $69,185 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ANIT-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED | $5,000 |
AMERICAN FRIENDS IF THE HEBREW UNIV PURPOSE: UNRESTRICTED | $5,000 |
BRAVE SPACE ALLIANCE PURPOSE: UNRESTRICTED | $1,000 |
BROOKLYN BOTANICAL GARDEN PURPOSE: UNRESTRICTED | $103 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: UNRESTRICTED | $500 |
CHILDREN'S AID SOCIETY PURPOSE: UNRESTRICTED | $1,000 |