Sherman Foundation FY2020 filing

Tax-deductible

Newport Beach, CA501(c)(3)Since 1951EnvironmentEIN 95-2672431Revenue $1.7M in FY2020

On file with the IRSthesherman.org4000 Macarthur Blvd Ste 105, 92660-2517 · Newport Beach, CATax-exempt since Nov 1952Publicly supported charity — 170(b)(1)(A)(vi)

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In addition to the collections and exhibitions, the library & gardens hosts a variety of public and private events including outdoor sculpture displays, concerts, horticulturally themed dinners, community meetings, educational and wellness classes, lectures, children's programs, garden tours and festivals.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$350K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: 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
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.4M a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$350K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $392K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$103K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.9M
To programs
90%
Net assets
$20.4M
By yearFY2020–FY2024
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$3.0M
FY2023$5.3M
FY2024$8.4M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$2.6M
FY2023$3.4M
FY2024$3.7M
Net assets
$20.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$20.4M
FY2021$20.4M
FY2022$20.8M
FY2023$22.7M
FY2024$27.4M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1952.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.7M Management & general 9% · $165K Fundraising 2% · $35K

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

9 people listed on the 990; $350K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Dir.
$154,200Pt VII · Sec A
Director
$153,700Pt VII · Sec A
$42,300Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

A Scott Lafleur’s $317K as Exec Dir-Sl&g is at the 98th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
A Scott Lafleur$317,041$253,000$225,000$185,000$154,200
Kyle Cheesborough$169,979$157,500$131,250——
Paul Wormser———$158,500$153,700
Jill Thrasher$106,209————
Jennifer Granger—$91,000———
Julie Pedersen——$32,550$44,550$42,300

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Hosts diverse events like concerts, classes, and festivals, alongside collections and exhibitions.

Questions for Sherman Foundation

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Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2019
01

Sherman gardens had 38,990 visitors this year despite temporary closure and health restrictions due to covid 19 pandenmic. The sherman gardens volunteer association and docents worked 5,252 and 1,341 hours, respectively.

$1.4Mprogram expense
02

Sherman library had 1,002 visitors and our staff assisted 494 serious researchers in their study of the history of the pacific southwest, which is the main focus of the library. Volunteers worked over 722 hours at the library. Due to the covid 19 pandemic,access to the library was greatly constrained.

$285Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$670K
Investment incomeLn 3$612K
Other incomeLn 4–11$300K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$165K
Fundraisingcol D$35K
Owns and owesPt X
$20.4M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$20.5M
LiabilitiesLn 26$103K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$670K
Fees for servicesLn 2g$143K
Investment incomeLn 3$612K
Other incomeLn 4–11$300K
Gains on assetsLn 7$11K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$18.7M
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$30K
Total assetsLn 16$20.5M
LiabilitiesLn 26$103K
Net assetsLn 32$20.4M
OperationsPt I, VI
EmployeesI 533
VolunteersI 6125
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$41K$9K
InvestmentsLn 11–13$18.8M$18.7M
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$20.7M$20.5M
LiabilitiesLn 26$85K$103K
Net assetsLn 32$20.6M$20.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.0M$979K$22K$22K
Pension plan contributionsLn 8$33K$33K
Other employee benefitsLn 9$88K$75K$6K$6K
Payroll taxesLn 10$79K$75K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$48K$48K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$5K$5K
Investment management feesLn 11f$50K$50K
Other fees for servicesLn 11g$11K$5K$5K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$44K$44K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$313K$313K
TravelLn 17$14K$12K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$71K$71K
InsuranceLn 23$66K$39K$27K
Other expenses (24a–d)Ln 24$53K$53K
All other expensesLn 24e$0
Total functional expensesLn 25$1.9M$1.7M$165K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.4M$3.7M$4.7M$27.4M 990 PDF
FY2023 $5.3M$3.4M$1.9M$22.7M 990 PDF
FY2022 $3.0M$2.6M$382K$20.8M 990 PDF
FY2021 $2.1M$2.1M$6K$20.4M 990 PDF
FY2020 Viewing $1.7M$1.9M−$189K$20.4M 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
See the full FY2020 990 (6 parts)
Part I · Summary $1,724,352 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $426,846$669,693
I-9 Program service revenuePrior year $148,596$142,616
I-10 Investment incomePrior year $793,881$612,181
I-11 Other revenuePrior year $316,866$299,862
I-12 Total revenuePrior year $1,686,189$1,724,352
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,187,546$1,222,334
I-16a Professional fundraising feesPrior year $5,800$4,635
I-17 Other expensesPrior year $758,344$686,434
I-18 Total expensesPrior year $1,951,690$1,913,403
I-19 Revenue less expensesPrior year −$265,501−$189,051
Part VI · Governance 3 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,724,352 across 10 lines filed
Lines not itemized here account for $158,472 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$669,693
VIII-1h Total contributions, gifts and grants$669,693
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $142,616$142,616
VIII-3 Investment incomeExcluded from tax $600,704$600,704
VIII-5 RoyaltiesExcluded from tax $627$627
VIII-6 Net rental income or lossRelated to mission $66,324$66,324
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,477$11,477
VIII-8 Net income from fundraising events$66,049
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,390$8,390
VIII-12 Total revenueRelated to mission $217,330 · Unrelated business $158,472 · Excluded from tax $612,808$1,724,352
Part IX · Statement of functional expenses $1,913,403 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $978,686 · Management $21,994 · Fundraising $21,994$1,022,674
IX-8 Pension plan contributionsPrograms $33,121$33,121
IX-9 Other employee benefitsPrograms $74,930 · Management $6,422 · Fundraising $6,422$87,774
IX-10 Payroll taxesPrograms $75,274 · Management $1,745 · Fundraising $1,746$78,765
IX-11a Management fees$0
IX-11b Legal feesManagement $3,142$3,142
IX-11c Accounting feesManagement $48,000$48,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $4,635$4,635
IX-11f Investment management feesManagement $49,835$49,835
IX-11g Other fees for servicesPrograms $5,400 · Management $5,224$10,624
IX-12 Advertising and promotionPrograms $13,239$13,239
IX-13 Office expensesPrograms $44,453$44,453
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $312,912$312,912
IX-17 TravelPrograms $11,753 · Management $2,142$13,895
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $71,019$71,019
IX-23 InsurancePrograms $39,147 · Management $26,720$65,867
IX-24 Other expenses (24a–d)Programs $53,448$53,448
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,713,382 · Management $165,224 · Fundraising $34,797$1,913,403
Part X · Balance sheet $20,509,157 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,518$2,518
X-2 Savings and temporary cash investmentsStart of year $38,886$6,690
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $46,275$41,924
X-8 Inventories for sale or useStart of year $66,224$68,932
X-9 Prepaid expenses and deferred chargesStart of year $26,189−$6,470
X-10c Land, buildings and equipment, netStart of year $1,672,673$1,617,398
X-11 Publicly traded securitiesStart of year $9,204,418$9,126,433
X-12 Other securitiesStart of year $9,621,892$9,621,892
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$29,840
X-16 Total assetsStart of year $20,679,075$20,509,157
X-17 Accounts payable and accrued expensesStart of year $28,923$33,295
X-25 Other liabilitiesStart of year $56,107$69,703
X-26 Total liabilitiesStart of year $85,030$102,998
X-27 Net assets without donor restrictionsStart of year $20,594,045$20,406,159
X-32 Total net assets or fund balancesStart of year $20,594,045$20,406,159
X-33 Total liabilities and net assetsStart of year $20,679,075$20,509,157
Part XI · Reconciliation of net assets $20,406,159 net assets at year end
XI-1 Total revenue$1,724,352
XI-2 Total expenses$1,913,403
XI-3 Revenue less expenses−$189,051
XI-4 Net assets at start of year$20,594,045
XI-8 Prior period adjustments$1,165
XI-10 Net assets at end of year$20,406,159

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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