Nonprofit · EIN 57-6100160
THE SHERMAN FAMILY CHARITABLE TRUST
Tax-exempt · MT PLEASANT, SC 29464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $110,306 | $114,879 | -$4,573 | $1,209,996 | $0 | $1,209,996 |
| December 31, 2023 | 990-PF | $43,109 | $156,007 | -$112,898 | $1,215,039 | $0 | $1,215,039 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $44,917
- Interest
- $327
- Net gain from sales of assets
- $65,062
Expenses
- Grants and similar amounts paid
- $65,000
- Compensation of officers, directors and key employees
- $24,917
- Disbursements for charitable purposes
- $77,458
- Excise tax on investment income
- $1,185
Balance sheet and other
- Total assets, start of year
- $1,215,039
- Total assets, end of year
- $1,209,996
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,209,996
- Fair market value of assets
- $1,341,586
- Qualifying distributions
- $77,458
- Net investment income
- $110,306
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD B SHERMAN 116 1/2 CHADWICK DR, CHARLESTON, SC 29407 | TRUSTEE | 2 | $8,306 |
| IVAN M SHERMAN 116 1/2 CHADWICK DR, CHARLESTON, SC 29407 | TRUSTEE | 2 | $8,306 |
| MITCHELL L SHERMAN 1221 WATERFRONT DR, MT PLEASANT, SC 29464 | TRUSTEE | 2 | $8,305 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD B SHERMAN 116 1/2 CHADWICK DR, CHARLESTON, SC 29407 | TRUSTEE | 10 | $45,735 |
| IVAN M SHERMAN 116 1/2 CHADWICK DR, CHARLESTON, SC 29407 | TRUSTEE | 2 | $9,800 |
| MITCHELL L SHERMAN 116 1/2 CHADWICK DR, CHARLESTON, SC 29407 | TRUSTEE | 2 | $9,800 |
Address and contacts
- Address (IRS master file)
- 1221 WATERFRONT DR, MT PLEASANT, SC 29464-9494
- Signed the 990-PF
- HOWARD SHERMAN, TRUSTEE
- Phone
- (843) 276-6300
- Return prepared by
- MOSS & YANTIS CPA PA
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 57-6100160
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,209,996
- Income (IRS master file)
- $524,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $110,306 | $114,879 | $1,209,996 | XML |
| 990-PF | December 2023 | $43,109 | $156,007 | $1,215,039 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 57-6100160).
Questions about THE SHERMAN FAMILY CHARITABLE TRUST
- What is the EIN of THE SHERMAN FAMILY CHARITABLE TRUST?
- The employer identification number (EIN) of THE SHERMAN FAMILY CHARITABLE TRUST is 57-6100160.
- Is THE SHERMAN FAMILY CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE SHERMAN FAMILY CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE SHERMAN FAMILY CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE SHERMAN FAMILY CHARITABLE TRUST 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 THE SHERMAN FAMILY CHARITABLE TRUST 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 THE SHERMAN FAMILY CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $8,306 (HOWARD B SHERMAN, TRUSTEE).
- How much revenue does THE SHERMAN FAMILY CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $110,306, expenses of $114,879 and total assets of $1,209,996 at year end.
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