Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 52-6723302

SHERMAN FAMILY FOUNDATION

Also known as SHERMAN GEORGE M TTEE

Tax-exempt · BALTIMORE, MD 21202

Financials

$3.7M$19.8M2023$6M$20.2M2024
Revenue Expenses · by fiscal year end
Financials of SHERMAN FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$6,023,024$20,227,246-$14,204,222$73,284,172$11,893$73,272,279
December 31, 2023990-PF$3,680,497$19,793,246-$16,112,749$87,496,501$20,000$87,476,501
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,458,130
Interest
$2,395,766
Net gain from sales of assets
$2,147,269
Other income
$21,859

Expenses

Grants and similar amounts paid
$18,984,201
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$240,000
Disbursements for charitable purposes
$19,282,639
Excise tax on investment income
$73,897

Balance sheet and other

Total assets, start of year
$87,496,501
Total assets, end of year
$73,284,172
Total liabilities, end of year
$11,893
Net assets, end of year
$73,272,279
Fair market value of assets
$84,064,763
Qualifying distributions
$19,282,639
Net investment income
$6,023,024

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOSHUA MICHAEL
2238 LAKE AVENUE, BALTIMORE, MD 21213
EXECUTIVE DIRECTOR
Highest-paid employee
40$240,000
BETSY SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE4$0
DAVID SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
MICHAEL SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
JONATHAN SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
MATTHEW SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JOSHUA MICHAEL
2238 LAKE AVENUE, BALTIMORE, MD 21213
EXECUTIVE DIRECTOR
Highest-paid employee
40$183,333
BETSY SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE4$0
DAVID SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
MICHAEL SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
JONATHAN SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0
MATTHEW SHERMAN
650 SOUTH EXETER STREET SUITE 1080, BALTIMORE, MD 21202
TRUSTEE0.5$0

Address and contacts

Address (IRS master file)
650 S EXETER ST STE 1080, BALTIMORE, MD 21202-4209
Signed the 990-PF
BETSY SHERMAN, TRUSTEE
Phone
(305) 604-0500
Return prepared by
COHEN & CO ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
52-6723302
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1995
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$73,284,172
Income (IRS master file)
$34,405,748

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$6,023,024$20,227,246$73,284,172XML
990-TDecember 2024–––IRS
990-PFDecember 2023$3,680,497$19,793,246$87,496,501XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

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 52-6723302).

Questions about SHERMAN FAMILY FOUNDATION

What is the EIN of SHERMAN FAMILY FOUNDATION?
The employer identification number (EIN) of SHERMAN FAMILY FOUNDATION is 52-6723302.
Is SHERMAN FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to SHERMAN FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SHERMAN FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of SHERMAN FAMILY FOUNDATION 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 SHERMAN FAMILY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of SHERMAN FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $240,000 (JOSHUA MICHAEL, EXECUTIVE DIRECTOR).
How much revenue does SHERMAN FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,023,024, expenses of $20,227,246 and total assets of $73,284,172 at year end.

Other nonprofits in BALTIMORE

All nonprofits in BALTIMORE · Maryland · Philanthropy, voluntarism and grantmaking foundations