Sherman Harold Q Trust Under Will

Tax-deductible

Wellsboro, PA501(c)(3)Foundations & GrantmakersEIN 46-6339366Revenue $573K in FY2024

On file with the IRSC/O Cn Bank Trust Dept 90-92 Main S, 16901-0000 · Wellsboro, PATax-exempt since Feb 2015Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$45K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $69K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$45K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$573K
+93% vs prior year
Spent
$402K
Net assets
$5.7M
By yearFY2020–FY2024
Revenue
$573K
FY2024▲ +93%
Tap a bar for its year
Revenue by fiscal year
FY2020$282K
FY2021$724K
FY2022$309K
FY2023$297K
FY2024$573K
Expenses
$402K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$348K
FY2021$352K
FY2022$410K
FY2023$326K
FY2024$402K
Net assets
$5.7M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.7M
FY2022$5.6M
FY2023$5.6M
FY2024$5.7M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 88% · $354K Operating & administrative 12% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990-PF; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation
$45,376Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2021
Citizens & Northern Bank$45,376$45,286

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in Wellsboro, PA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 9 grants · $354K · 2024–2024
The Salvation ArmyFY2024$81,448
Sayre Public Library INCPA · FY2024$46,169
Towanda Public LibraryFY2024$46,169
Standing Stone Methodist ChurchFY2024$46,169
American Red CrossFY2024$46,169
Towanda Area High SchoolFY2024$5,000
Standing Stone Cemetery AssociationFY2024$3,078

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$39K
Median grantPart XV$46K
Largest grantPart XV$81K
Top cause focusNTEEArts & Culture (11%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$573K
Investment income$573K
Money out
$402K
Grants paid$354K
Running costs$48K
Owns and owes
$5.7M
net assets
Cash and savings$165K
Total assets$5.7M
Liabilities$0
People
1
listed
Paid1
2In more detail
Revenue in detail
Investment income$573K
Total revenue$573K
Assets in detailEnd of year
Cash and savings together$165K
Total assets$5.7M
Liabilities$0
Net assets$5.7M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $573K$402K$170K$5.7M 990 PDF
FY2023 $297K$326K−$29K$5.6M 990 PDF
FY2022 $309K$410K−$101K$5.6M 990 PDF
FY2021 $724K$352K$372K$5.7M 990 PDF
FY2020 $282K$348K−$67K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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