Nonprofit · EIN 95-2672431
SHERMAN FOUNDATION
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $8,408,928 | $3,729,710 | $4,679,218 | $27,547,436 | $178,325 | $27,369,111 |
| September 30, 2023 | 990 | $5,293,708 | $3,398,042 | $1,895,666 | $22,843,748 | $153,856 | $22,689,892 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $5,745,322
- Program service revenue
- $423,883
- Investment income
- $1,394,262
- Royalties
- $1,350
- Net rental income
- $399,712
- Net gain from sales of assets
- $144,775
- Net income from fundraising events
- $152,651
- Net income from sales of inventory
- $291,438
- Other revenue
- $845,461
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,834,037
- Salaries, compensation and benefits (total)
- $2,132,024
- Professional fundraising fees
- $81,555
- Legal fees
- $27,447
- Accounting fees
- $43,200
- Occupancy
- $708,898
- Travel
- $33,931
- Depreciation
- $23,337
- Program services (functional)
- $3,211,081
- Management and general (functional)
- $124,462
- Fundraising (functional)
- $394,167
Balance sheet and other
- Total assets, start of year
- $22,843,748
- Total assets, end of year
- $27,547,436
- Total liabilities, end of year
- $178,325
- Net assets, end of year
- $27,369,111
- Land, buildings and equipment
- $1,744,170
- Publicly traded securities
- $12,790,644
- Net assets without donor restrictions
- $27,369,111
- Gross unrelated business income
- $291,438
- Gross receipts
- $16,574,805
- Employees
- 48
- Volunteers
- 125
- Year formed
- 1951
- State of legal domicile
- CA
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 for the year ended September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GARY PICKETT | President Trustee or director, Officer | 15 | $0 | $998,073 |
| A SCOTT LAFLEUR | EXEC DIR-SL&G | 40 | $317,041 | $0 |
| KYLE CHEESBOROUGH | GARDEN DIRECTOR | 40 | $169,979 | $0 |
| JILL THRASHER | DIR OF LIBRARY | 40 | $106,209 | $0 |
| DT DANIELS | Trustee Trustee or director | 1 | $0 | $102,000 |
| TIM COLLINS | Treasurer Trustee or director, Officer | 4 | $0 | $15,000 |
| PETER ROONEY | Trustee Trustee or director | 0.2 | $0 | $0 |
| C STACY CANNON | Trustee Trustee or director | 0.2 | $0 | $0 |
| WILLIAM B AVERY | Vice President Trustee or director, Officer | 0.2 | $0 | $0 |
| KRISTIN YOKOMOTO | Trustee Trustee or director | 0.2 | $0 | $0 |
| JUDY POSNIKOFF | Trustee Trustee or director | 0.2 | $0 | $0 |
| JAMES RAY | Trustee Trustee or director | 6 | $0 | $0 |
| JANET RAY | Trustee Trustee or director | 6 | $0 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY PICKETT | President Trustee or director, Officer | 15 | $0 | $812,500 | $898 |
| A SCOTT LAFLEUR | EXEC DIR-SL&G | 40 | $253,000 | $0 | $15,781 |
| KYLE CHEESBOROUGH | GARDEN DIRECTOR | 40 | $157,500 | $0 | $10,281 |
| DT DANIELS | Trustee Trustee or director | 3 | $0 | $102,000 | $0 |
| JENNIFER GRANGER | DIR OF ADVANCEMENT | 40 | $91,000 | $0 | $0 |
| PETER ROONEY | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| C STACY CANNON | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| WILLIAM B AVERY | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| KRISTIN YOKOMOTO | Trustee Trustee or director | 0.2 | $0 | $0 | $0 |
| JAMES RAY | Trustee Trustee or director | 4 | $0 | $0 | $0 |
| TIM COLLINS | Trustee Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4000 MACARTHUR BLVD STE 105, NEWPORT BEACH, CA 92660-2517
- Principal officer (990 for 2023)
- GARY PICKETT, 4000 MAC ARTHUR BLVD 105, NEWPORT BEACH, CA 92660
- Signed the 990
- GARY PICKETT, President
- Phone
- (949) 642-1626
- Website
- WWW.THESHERMAN.ORG
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2672431 or by the name SHERMAN FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE MISSION OF SHERMAN FOUNDATION IS THE OPERATION OF SHERMAN LIBRARY & GARDENS LOCATED IN CORONA DEL MAR, CA. THE MISSION OF SHERMAN LIBRARY & GARDENS IS TO PROVIDE THE PUBLIC AN OASIS OF INSPIRATION, EDUCATION AND APPRECIATION OF REGIONAL HISTORY, HORTICULTURE AND THE ARTS. SHERMAN GARDENS FEATURES AN EXTENSIVE BOTANICAL COLLECTION THAT SPANS THE GLOBE, RANGING FROM PLANT LIFE OF THE DESERT TO EXOTIC VEGETATION OF TROPICAL CLIMES. SHERMAN LIBRARY IS A HISTORICAL RESEARCH LIBRARY SPECIALIZING IN THE HISTORY OF THE PACIFIC SOUTHWEST, AS WELL AS HOME TO A COLLECTION OF CALIFORNIA IMPRESSIONIST ART.
Program accomplishments
- SHERMAN GARDENS HAD 97,191 VISITORS, AN INCREASE OF 8% OVER THE PRIOR YEAR. THIS YEAR, THE SHERMAN GARDENS VOLUNTEER ASSOCIATION WORKED 9,915 HOURS AND DOCENTS WORKED 3,403 HOURS. SHERMAN GARDENS REINSTITUTED EDUCATIONAL TOURS OF THE BOTANICAL GARDENS FOR SCHOOL CHILDREN IN GRADES 3 THROUGH 5 BUSED IN FROM ALL PARTS OF ORANGE COUNTY, CA. STUDENTS FROM FORTY THREE ELEMENTARY SCHOOLS (1,620 STUDENTS) TOOK PART IN OUR FIELD TRIP PROGRAM. LESSON PLANS WERE DEVELOPED FOR THE DAY PRIOR TO THE TOUR AND FOR THE DAY AFTER THE TOUR. TRANSPORTATION COSTS WERE FUNDED BY SHERMAN GARDENS THROUGH DONATIONS.SHERMAN LIBRARY PARTNERED WITH A LOCAL ART MUSEUM FOR AN EXHIBIT OF SHERMAN LIBRARY & GARDEN'S ART COLLECTION. THREE SEPARATE ART EXHIBITS WERE CONDUCTED AT SHERMAN LIBRARY THAT FOCUSED ON THE HISTORY OF SOUTHERN CALIFORNIA. HISTORICAL RESEARCHERS UTILIZED 2,560 RECORDS AND ARTIFACTS FROM SHERMAN LIBRARY AND OUR PHOTO DATABASE HAD OVER 23,040 VIEWS.Expenses $2,984,721 · revenue $823,905
- SHERMAN LIBRARY HAD 23,040 VIEWS OF OUR HISTORICAL PHOTO DATABASE, AND 2,560 RECORDS AND ARTIFACTS ACCESSED BY RESEARCHERS. THE LIBRARY HAD OVER 5,100 VISITORS DURING THE YEAR. OUR STAFF ASSISTED 548 SERIOUS RESEARCHERS IN THEIR STUDY OF THE HISTORY OF THE PACIFIC SOUTHWEST, WHICH IS THE MAIN FOCUS OF THE LIBRARY. VOLUNTEERS WORKED 1,209 HOURS, DOCENTS WORKED 460 HOURS AND INTERNS WORKED 400 HOURS AT THE LIBRARY. EACH CATEGORY EXCEEDED THE PRIOR YEAR. SHERMAN LIBRARY RECEIVED ADDITIONAL PIECES OF EARLY CALIFORNIA IMPRESIONIST ART FROM A DONOR WHO PREVIOUSLY DONATED 40 PAINTINGS THAT SHERMAN LIBRARY RESTORED AND DISPLAYED.Expenses $226,360 · revenue $99,185
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 95-2672431
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1952
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C120)
- Assets (IRS master file)
- $27,547,436
- Income (IRS master file)
- $16,574,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $8,408,928 | $3,729,710 | $27,547,436 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $5,293,708 | $3,398,042 | $22,843,748 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $2,966,996 | $2,584,599 | $20,971,786 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 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 95-2672431).
Questions about SHERMAN FOUNDATION
- What is the EIN of SHERMAN FOUNDATION?
- The employer identification number (EIN) of SHERMAN FOUNDATION is 95-2672431.
- Is SHERMAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to SHERMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHERMAN FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHERMAN FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHERMAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of SHERMAN FOUNDATION?
- The 990 for the year ended September 30, 2024 names GARY PICKETT.
- Who are the officers and directors of SHERMAN FOUNDATION?
- The 990 for the year ended September 30, 2024 lists 13 people; 3 received compensation from the organization.
- How much revenue does SHERMAN FOUNDATION have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $8,408,928, expenses of $3,729,710 and total assets of $27,547,436 at year end.
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