Sherman Family Foundation
- Assets
- $8.6m
- Revenue
- $2.8m
- Investments
- $8.4m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 38-3505951
Organization Overview
Sherman Family Foundation is located in Southfield, MI. The organization was established in 2000. 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. Sherman 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 12/2021, Sherman Family Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $480.9k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 5 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 2018, Sherman Family Foundation has awarded 139 individual grants totaling $1,415,350. 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 |
|---|---|---|---|
D Larry Sherman President/director | 0.5 | $0 | |
Scott R Sherman Director | 0.5 | $0 | |
Sylvia S Wolf Director | 0.5 | $0 | |
David F Sherman Director | 0.5 | $0 | |
Jane Sherman Secretary/treasurer/direct | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $87 |
| Dividends & Interest | $191,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,439,022 |
| Capital Gain Net Income | $2,439,022 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,411 |
| Total Revenue | $2,765,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,472 |
| Taxes | $4,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,657 |
| Total operating and administrative expenses | $46,298 |
| Contributions, gifts, grants paid | $434,575 |
| Total expenses and disbursements | $480,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,514 |
| Net Accounts receivable | $2,436 |
| 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 | $8,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,573,079 |
| 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, Sherman Family Foundation has awarded $434,575 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF METRO DETROIT PURPOSE: ANNUAL CAMPAIGN, CHALLENGE | $66,600 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: YOUTH | $50,000 |
Detroit, MI PURPOSE: MUSIC | $50,000 |
AMERICAN FRIENDS OF ORR SHALOM PURPOSE: RELIGIOUS | $38,000 |
JAFINA JEWISH AGENCY OF ISRAEL-NA PURPOSE: RELIGIOUS | $30,000 |
Detroit, MI PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |