Sherwood Fund
- Assets
- $59.6m
- Revenue
- $25.4m
- Investments
- $52.3m
- Employees
- 0
- Location
- Middleburg, VA
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-3511408
Organization Overview
Sherwood Fund is located in Middleburg, VA. The organization was established in 2020. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sherwood 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 12/2022, Sherwood Fund generated $25.4m in total revenue. All expenses for the organization totaled $247.6k during the year ending 12/2022. While expenses have increased by 113.3% per year over the past 4 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
IN 2022, SHERWOOD BEGAN CONSTRUCTION OF RUSH RIVER COMMONS; A COMMUNITY STRUCTURE TO MAXIMIZE THE PHILANTHROPIC IMPACT IN THE SURROUNDING COMMUNITY. SHERWOOD CONTINUES TO FORMULATE PLANS FOR DIRECT CHARITABLE PROJECTS HOUSED WITHIN THE STRUCTURE, SUCH AS THE INVOLVEMENT OF LOW-INCOME HOUSING, OFFICE SPACE FOR NON-PROFITS AND ENVIRONMENTAL CONSERVATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles T Akre Jr Pres./sec./treas. | 2 | $0 | |
Deanna S Akre Vice President | 1 | $0 | |
Thomas Sb Akre Vice President | 1 | $0 | |
Alexis A Akre Vice President | 5 | $25,000 | |
Andrew C Akre Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Mawes Llc | 12/30/22 | $134,642 |
Bowman | 12/30/22 | $143,794 |
Dietel & Partners Llc | 12/30/22 | $102,091 |
Henry Rhodes Hoerner Iv | 12/30/22 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000,000 |
| Interest on Savings | $276 |
| Dividends & Interest | $212,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,750 |
| Capital Gain Net Income | $139,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,352,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $151 |
| Interest | $0 |
| Taxes | $18,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $950 |
| Printing and publications | $0 |
| Other expenses | $18,208 |
| Total operating and administrative expenses | $247,583 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $247,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,449,455 |
| 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 | $52,292,746 |
| Net Land, buildings, and equipment | $1,040,000 |
| Other assets | $1,828,738 |
| Total assets | $59,610,939 |
| 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 | $423 |
| Total liabilities | $423 |