Mabel E Sherman Educational Fund
Only null% goes to programs Strong reserves
Mabel E Sherman Educational Fund is a 501(c)(3) organization based in Storm Lake, Iowa, registered in 1978, with $364,570 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1227, Storm Lake, IA, 50588 EIN 42-6278859 Since 1978
Revenue (FY2024)
$365K
▲ 19.9% vs prior year
Education median: $200K
Expenses (FY2024)
$192K
Net assets
$8.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mabel E Sherman Educational Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating497 mo reserves · +47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mabel E Sherman Educational Fund: 497 mo reserves · +47% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mabel E Sherman Educational Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mabel E Sherman Educational Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 1227, Storm Lake, IA, 50588
- City
- Storm Lake
- State
- Iowa
- Category
- Education
- Subcategory
- Educational Services
Financial trends
Revenue grew from $232K (FY2020) to $365K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $8.0M
Operating margin
47.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.0M
Total liabilities
$0
Net assets
$8.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $364,570▲19.9% | $192,202▼12.1% | $7,954,280▲2.2% | $7,954,280▲2.2% | 990 |
| 2023 | $304,178▼7.4% | $218,570▲11.8% | $7,781,912▲1.1% | $7,781,912▲1.1% | 990 |
| 2022 | $328,553▼3.0% | $195,522▲21.5% | $7,696,304▲1.8% | $7,696,304▲1.8% | 990 |
| 2021 | $338,851▲46.3% | $160,943▼2.6% | $7,563,273▲2.4% | $7,563,273▲2.4% | 990 |
| 2020 | $231,676 | $165,232▼17.0% | $7,385,365▲140% | $7,385,365▲140% | 990 |
| 2011 | — | $199,143▲37.9% | $3,081,912▲4.3% | $3,081,912▲4.3% | 990PF |
| 2010 | — | $144,408 | $2,955,347 | $2,955,347 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Mabel E Sherman Educational Fund a legitimate nonprofit?
- Yes. Mabel E Sherman Educational Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6278859, based in Storm Lake, Iowa. Donations are tax-deductible.
- What is Mabel E Sherman Educational Fund's EIN?
- Mabel E Sherman Educational Fund's Employer Identification Number (EIN) is 42-6278859.
- How much revenue does Mabel E Sherman Educational Fund report?
- Mabel E Sherman Educational Fund reported $364,570 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mabel E Sherman Educational Fund have?
- CharityIndex grades Mabel E Sherman Educational Fund C+, based on financial health (reserves and operating margin).
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Data for Mabel E Sherman Educational Fund (EIN 42-6278859) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.