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MARION A AND RUTH K SHERWOOD FAMILY FUND

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Public IRS 990 nonprofit record

MARION A AND RUTH K SHERWOOD FAMILY FUND

EIN 38-3645324 · Private Independent Foundations

What they do

RECEIVING and ADMINISTERING FUNDS for THE PURPOSE SET FORTH IN SEC 501(C)(3) of THE IRC SO LONG AS SUCH ACTIVITIES SUPPORT THE GRAND HAVEN AREA COMMUNITY FOUNDATION and SUCH OTHER PUBLICLY SUPPORTED ORGANIZATIONS AS ARE CLOSELY RELATED IN PURPOSE or FUNCTION to THE GRAND HAVEN AREA COMMUNITY FOUNDATION, INC. - THE MARION A. and RUTH K. SHERWOOD FAMILY FUND is A SUPPORTING ORGANIZATION WHICH WILL SUPPORT THE PURPOSES and ACTIVITIES of THE GRAND HAVEN AREA COMMUNITY FOUNDATION, INC., A SECTION 501(C)(3) ORGANIZATION WHICH QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 509(A)(1) and 170(B)(A)(VI) of THE CODE, and OTHER PUBLIC CHARITIES THAT ARE CLOSELY RELATED IN PURPOSE or FUNCTION to THE COMMUNITY FOUNDATION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $99.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

8,942.40%of revenue went to mission work99.5% of expenses · Program services
$8,983.20spent for every $100 of revenueSpending was higher than revenue this year.
40.80%of revenue went to management and office costs0.5% of expenses

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $12,657,938 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $15,860 for HOLLY JOHNSON (PRESIDENT - EFFECTIVE 2/16). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$142,493
Mission workProgram services$12,742,2878,942.40% of revenue99.5% of expenses
ManagementOffice and general costs$58,14440.80% of revenue0.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$12,800,4318,983.20% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$142,493
Expenses$12,800,431
Annual shortfall $12,657,938 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$12,742,287 · 99.5% of expenses
Management and office costs$58,144 · 0.5% of expenses
See all reported dollar amounts
Revenue$142,493
Expenses$12,800,431
Income$249,796
Mission work (program services)$12,742,287
Grants given$12,671,537
Average grant$844,769
Management and general$58,144
Stocks and bonds$11,999,460
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
HOLLY JOHNSONPRESIDENT - EFFECTIVE 2/16 · 1 hrs/week $15,860Base · Other $15,860

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

HOLLY JOHNSONPRESIDENT - EFFECTIVE 2/16

EDWARD POSTDIRECTOR

LYNNE SHERWOODPRESIDENT - THROUGH 1/16

MARTHA ERICKSONDIRECTOR

MELINDA BRINKDIRECTOR

THOMAS REINSMASECRETARY

About this charity

Location
ONE SOUTH HARBOR DRIVE, GRAND HAVEN, MI 49417
County
Ottawa
In care of
HOLLY JOHNSON

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
PLANTE & MORAN PLLC
IRS tax category
Private Independent Foundations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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