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Nonprofit · EIN 75-1250453

SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC

Tax-exempt · SHERMAN, TX 75091

Financials

−$2K$35K2022$29K$39K2023
Revenue Expenses · by fiscal year end
Financials of SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990-PF$29,466$39,019-$9,553$374,948$0$374,948
June 30, 2023990-PF-$1,751$35,408-$37,159$383,408$0$383,408
Financial details: 990-PF for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$6,350
Dividends
$12,548
Net gain from sales of assets
$10,568

Expenses

Grants and similar amounts paid
$31,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$31,500
Excise tax on investment income
$217

Balance sheet and other

Total assets, start of year
$383,408
Total assets, end of year
$374,948
Total liabilities, end of year
$0
Net assets, end of year
$374,948
Fair market value of assets
$515,045
Qualifying distributions
$31,500
Net investment income
$23,116

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 June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
JERRY HOLBERT
PO BOX 3285, SHERMAN, TX 75091
FOUNDATION CHAIR0$0
GREG PITTMAN
PO BOX 3285, SHERMAN, TX 75091
SECRETARY/TREASURER0$0
DEBORAH BORING
PO BOX 3285, SHERMAN, TX 75091
VICE CHAIR0$0
JOHN SPEARS
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
PAUL TERRELL
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
KENNY WALKER
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
SHIRLEY CHITWOOD
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
WENDY BROWN
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
TERESA JOHNSON
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
990-PF for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensation
PAUL TERRELL
PO BOX 3285, SHERMAN, TX 75091
FOUNDATION CHAIR0$0
WALLY JOHNSON
PO BOX 3285, SHERMAN, TX 75091
SECRETARY0$0
DEBORAH BORING
PO BOX 3285, SHERMAN, TX 75091
TREASURER0$0
TERESA JOHNSON
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
RACHEL SHERMAN
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
GREG PITTMAN
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0
TOM GREGG
PO BOX 3285, SHERMAN, TX 75091
TRUSTEE0$0

Address and contacts

Address (IRS master file)
PO BOX 3285, SHERMAN, TX 75091-3285
Signed the 990-PF
DEBORAH BORING, OFFICER
Phone
(903) 463-5482
Return prepared by
ADAMI LINDSEY ADVISORS LLC (VENNING)

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990-PF on file

IRS record

EIN
75-1250453
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
1971
Accounting year ends
June
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$374,948
Income (IRS master file)
$86,454

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJune 2024$29,466$39,019$374,948IRS
990-PFJune 2023-$1,751$35,408$383,408XML
990-PFJune 2022–––IRS
990-PFJune 2021–––IRS
990-PFJune 2020–––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 75-1250453).

Questions about SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC

What is the EIN of SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC is 75-1250453.
Is SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended June 2024.
Who are the officers and directors of SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC?
The 990-PF for the year ended June 30, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does SHERMAN ROTARY CLUB CHARITABLE AND SCHOLARSHIP FOUNDATION INC have?
On its 990-PF for the year ended June 30, 2024 it reported revenue of $29,466, expenses of $39,019 and total assets of $374,948 at year end.

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