Sherwood & Myrtie Foster Home For Children
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Sherwood & Myrtie Foster Home For Children is a 501(c)(3) organization based in Stephenville, Texas, registered in 1972, with $15,443,221 in FY2024 revenue. CharityIndex grades it B.
Po Box 978, Stephenville, TX, 76401 EIN 75-1377874 Since 1972
Revenue (FY2024)
$15.4M
▲ 113.4% vs prior year
Expenses (FY2024)
$13.4M
Net assets
$11.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Sherwood & Myrtie Foster Home For Children— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +13% 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 Sherwood & Myrtie Foster Home For Children: 10 mo reserves · +13% margin earns a A 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 Sherwood & Myrtie Foster Home For Children— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Sherwood & Myrtie Foster Home For Children: 2 of 5 disclosure signals earns a C 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 978, Stephenville, TX, 76401
- City
- Stephenville
- State
- Texas
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $3.1M (FY2013) to $15.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $111KNet assets $11.6M
Operating margin
13.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.7M
Total liabilities
$111K
Net assets
$11.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $15,443,221▲113% | $13,370,796▲80.2% | $11,552,752▲20.5% | $11,663,503▲19.8% | 990 |
| 2023 | $7,238,425▲116% | $7,418,879▲77.0% | $9,590,304▼2.1% | $9,737,691▼3.7% | 990 |
| 2022 | $3,346,136▼7.1% | $4,190,742▼0.5% | $9,795,780▼7.8% | $10,108,868▼5.8% | 990 |
| 2021 | $3,602,180▼37.7% | $4,212,126▼25.0% | $10,625,963▼5.5% | $10,731,570▼5.3% | 990 |
| 2020 | $5,786,613▲22.2% | $5,618,436▲28.4% | $11,244,223▲0.3% | $11,331,747 | 990 |
| 2019 | $4,736,854▼8.9% | $4,374,188▼7.7% | $11,213,116▲4.8% | $11,328,220▲4.9% | 990 |
| 2018 | $5,199,721▲16.0% | $4,736,917▲17.1% | $10,697,046▲4.6% | $10,799,368▲4.5% | 990 |
| 2017 | $4,484,210▼14.6% | $4,043,963▲17.6% | $10,228,620▲4.5% | $10,330,601▲4.5% | 990 |
| 2016 | $5,252,357▼10.9% | $3,440,012▼8.7% | $9,789,480▲22.7% | $9,886,416▲22.4% | 990 |
| 2015 | $5,892,731▲57.7% | $3,767,917▲16.0% | $7,977,135▲35.9% | $8,079,357▲35.1% | 990 |
| 2014 | $3,737,084▲21.9% | $3,248,640▼1.5% | $5,869,882▲8.6% | $5,980,161▲8.5% | 990 |
| 2013 | $3,064,454 | $3,298,602▼21.7% | $5,407,045▼4.6% | $5,513,560▼4.0% | 990 |
| 2012 | — | $4,214,548▲12.8% | $5,667,467▼8.5% | $5,742,274▼7.9% | 990 |
| 2011 | — | $3,735,121▲25.6% | $6,196,628▼7.5% | $6,237,995▼7.8% | 990 |
| 2010 | — | $2,973,792▲0.1% | $6,702,415▲6.8% | $6,764,653▼3.4% | 990 |
| 2009 | — | $2,970,845 | $6,273,331 | $7,000,174 | 990 |
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.
Grants received · $899K total
33 grants to Sherwood & Myrtie Foster Home For Children totaling $899K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ach Child and Family Services | T3c readiness activities - buildings | 2024 | $72,300 |
| Ach Child and Family Services | T3c readiness activities | 2024 | $58,500 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $5,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $27,400 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $8,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $37,500 |
| Communities Foundation of Texas | This grant is designated for general support. | 2022 | $12,345 |
| Ayco Charitable Foundation | Community & human services | 2022 | $10,000 |
| Servant Foundation | Community development | 2022 | $5,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $71,625 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $71,625 |
| Communities Foundation of Texas | This grant is designated for general support. | 2021 | $17,150 |
| Ayco Charitable Foundation | Community & human services | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $43,200 |
| Ayco Charitable Foundation | Community & human services | 2020 | $20,000 |
Frequently asked questions
- Is Sherwood & Myrtie Foster Home For Children a legitimate nonprofit?
- Yes. Sherwood & Myrtie Foster Home For Children is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-1377874, based in Stephenville, Texas. Donations are tax-deductible.
- What is Sherwood & Myrtie Foster Home For Children's EIN?
- Sherwood & Myrtie Foster Home For Children's Employer Identification Number (EIN) is 75-1377874.
- How much revenue does Sherwood & Myrtie Foster Home For Children report?
- Sherwood & Myrtie Foster Home For Children reported $15,443,221 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sherwood & Myrtie Foster Home For Children have?
- CharityIndex grades Sherwood & Myrtie Foster Home For Children B, based on financial health (reserves and operating margin).
More nonprofits in Stephenville
Explore more
Data for Sherwood & Myrtie Foster Home For Children (EIN 75-1377874) 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.