TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE SYLVAN C HERMAN FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)1120 VERMONT AVENUE NW 900
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20005

A Employer identification number

20-3265230

B Telephone number (see instructions)

(202) 296-8366

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$80,593,727J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	2,466		2,466
4	Dividends and interest from securities...	2,297,639		2,222,580
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		7,250,371
b	Gross sales price for all assets on line 6a 32,064,533
7	Capital gain net income (from Part IV, line 2)...			7,528,770
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	7,234,250	188,509	7,229,750
12	Total. Add lines 1 through 11........	16,784,726		9,942,325	7,229,750
13	Compensation of officers, directors, trustees, etc.	735,885		0	476,717	259,217
14	Other employee salaries and wages......	3,680,824		0	3,538,344	142,480
15	Pension plans, employee benefits.......	394,941		0	365,748	29,123
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	3,331	0	3,081	250
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	107,404	0	100,525	6,879
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	373,966	202,648	202,376	0
17	Interest...............			923
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	132,977	3,292	1,164	2,163
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	661,961	0	0
20	Occupancy..............	119,929		0	119,929	0
21	Travel, conferences, and meetings.......	46,375		0	45,139	1,236
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,106,525	17,313	1,047,024	59,326
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,364,118		224,176	5,900,047	500,674
25	Contributions, gifts, grants paid.......	1,665,180				1,665,180
26	Total expenses and disbursements. Add lines 24 and 25	9,029,298		224,176	5,900,047	2,165,854
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	7,755,428
b	Net investment income (if negative, enter -0-)			9,718,149
c	Adjusted net income (if negative, enter -0-)...				1,329,703

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	673,257	739,983	739,983
	2	Savings and temporary cash investments.........	399,390	2,211,031	2,211,031
	3	Accounts receivable 84,602
		Less: allowance for doubtful accounts		84,602	84,602
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 4,522,860	4,522,860
	b	Investments—corporate stock (attach schedule).......	27,276,947	List of Attached Documents: // Content 18,010,576	18,010,576
	c	Investments—corporate bonds (attach schedule).......	17,899,362	List of Attached Documents: // Content 24,926,032	24,926,032
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	670,368	List of Attached Documents: // Content 17,245,248	17,245,248
	14	Land, buildings, and equipment: basis 16,696,709
		Less: accumulated depreciation (attach schedule) 4,161,091	9,019,593	List of Attached Documents: // Content 12,535,618	12,535,618
	15	Other assets (describe )	List of Attached Documents: // Content 4,100,607	List of Attached Documents: // Content 317,777	List of Attached Documents: // Content 317,777
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	60,039,524	80,593,727	80,593,727
	17	Accounts payable and accrued expenses..........		1,350
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 39,000	List of Attached Documents: // Content 40,800
	23	Total liabilities (add lines 17 through 22).........	39,000	42,150
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	60,000,524	80,551,577
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	60,000,524	80,551,577
	30	Total liabilities and net assets/fund balances (see instructions).	60,039,524	80,593,727

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

60,000,524

Enter amount from Part I, line 27a .....................

7,755,428

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

13,168,900

Add lines 1, 2, and 3 ..........................

80,924,852

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

373,275

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

80,551,577

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	SALE OF PUBLICLY TRADED SECURITIES
b	REALIZED GAINS THROUGH K-1S, NET OF UBI	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	32,064,533	24,563,353	7,501,180
b			27,590
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			7,501,180
b			27,590
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	7,528,770
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	135,082
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	135,082
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	135,082
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	99,650
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	68,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	167,650
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	2,492
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	30,076
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax30,076	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

MD, DC

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

THE ORGANIZATION Telephone no. right arrow

(202) 296-8366

Located at right arrow

1120 VERMONT AVENUE NW 900WASHINGTONDC ZIP+4 right arrow

20005

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
SYLVAN CHERMAN	DIRECTOR & PRESIDENT 5.00	0	0	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR & PRESIDENT 5.00	0	0	0
ROBERT B HERMAN	DIRECTOR & VICE PRESIDENT 1.00	0	0	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR & VICE PRESIDENT 1.00	0	0	0
C RICHARD BEYDA	DIRECTOR & SECRETARY 2.00	0	0	0
1200 NEW HAMPSHIRE AVE 555 WASHINGTON,DC20036	DIRECTOR & SECRETARY 2.00	0	0	0
RICHARD F LEVIN	DIRECTOR 1.00	0	0	0
1200 NEW HAMPSHIRE AVE 555 WASHINGTON,DC20036	DIRECTOR 1.00	0	0	0
MINDY HERMAN	DIRECTOR 1.00	0	0	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR 1.00	0	0	0
BETH STONE	DIRECTOR 1.00	0	0	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR 1.00	0	0	0
J SCOTT OGDEN	DIRECTOR 20.00	259,168	20,152	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR 20.00	259,168	20,152	0
DR MICHAEL KNABLE	DIRECTOR 40.00	285,064	22,060	600
611 W PATRICK ST FREDERICK,MD21701	DIRECTOR 40.00	285,064	22,060	600
CAROLINE CANTRELL BEGAN 62323	DIRECTOR 40.00	191,653	19,310	600
611 W PATRICK ST FREDERICK,MD21701	DIRECTOR 40.00	191,653	19,310	600
GARY LEVINE	DIRECTOR 1.00	0	0	0
1120 VERMONT AVE NW STE 900 WASHINGTON,DC20005	DIRECTOR 1.00	0	0	0
DWAYNE HOLT	DIRECTOR 1.00	0	0	0
7525 ROYAL DOMINION DR BETHESDA,MD20817	DIRECTOR 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DR MICHAEL BROWN	PSYCHIATRIST 32.00	399,170	21,856	200
611 W PATRICK ST FREDERICK,MD21701	PSYCHIATRIST 32.00	399,170	21,856	200
JASON MOEHRINGER	CLINICAL DIRECTOR 40.00	150,740	18,784	600
611 W PATRICK ST FREDERICK,MD21701	CLINICAL DIRECTOR 40.00	150,740	18,784	600
AARON VANDERMEER	PROGRAM DIRECTOR 40.00	134,819	13,694	600
611 W PATRICK ST FREDERICK,MD21701	PROGRAM DIRECTOR 40.00	134,819	13,694	600
VEENA RAJ	OCCUPATIONAL THERAPI 40.00	104,500	8,141	0
611 W PATRICK ST FREDERICK,MD21701	OCCUPATIONAL THERAPI 40.00	104,500	8,141	0
MEGAN MCNEECE	OCCUPATIONAL THERAPI 40.00	100,474	2,031	0
611 W PATRICK ST FREDERICK,MD21701	OCCUPATIONAL THERAPI 40.00	100,474	2,031	0
Total number of other employees paid over $50,000...................				19

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
MORGAN STANLEY SMITH BARNEY LLC	INVESTMENT MANAGEMENT FEES	197,497
7500 OLD GEORGETOWN RD 10TH FL BETHESDA,MD20814	INVESTMENT MANAGEMENT FEES	197,497
MEDICAL BILLING SOLUTIONS LLC	INSURANCE BILLING	108,000
334 S 1ST STREET PENSACOLA,FL32507	INSURANCE BILLING	108,000
SCHERMAN & ASSOCIATES INC	ACCOUNTING & ADMINISTRATIVE FEES	99,878
1120 VERMONT AVE SUITE 900 NW WASHINGTON,DC20005	ACCOUNTING & ADMINISTRATIVE FEES	99,878

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE SYLVAN C. HERMAN FOUNDATION, INC. (THE "FOUNDATION") WAS FORMED FOR THE PURPOSE OF PROVIDING RESIDENTIAL THERAPEUDIC TREATMENT AND REHABILITATION SERVICES FOR ADULTS SUFFERING FROM MENTAL ILLNESS.	5,900,047
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

61,904,203

Average of monthly cash balances.......................

3,023,668

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

64,927,871

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

64,927,871

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

973,918

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

63,953,953

Minimum investment return. Enter 5% (0.05) of line 5................

3,197,698

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

3,197,698

Tax on investment income for 2022 from Part V, line 5.......

135,082

Income tax for 2022. (This does not include the tax from Part V.) ...

507

Add lines 2a and 2b............................

135,589

Distributable amount before adjustments. Subtract line 2c from line 1............

3,062,109

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

3,062,109

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

3,062,109

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,165,854

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

72,954

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,238,808

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				3,062,109
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			1,102,899
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 2,238,808
a Applied to 2022, but not more than line 2a			1,102,899
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....				1,135,909
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2023.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				1,926,200
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

SYLVAN CHERMAN

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACTIVE MINDS 2001 S STREET NW 450 WASHINGTON,DC20009	N/A	PC	TO FULFILL CHARITABLE PURPOSE	25,000
BRAINFUTURES INCORPORATED 1301 YORK RD STE 505 LUTHERVILLE TIMONIUM,MD21093	N/A	PC	TO FULFILL CHARITABLE PURPOSE	100,000
CHARLOTTESVILLE AREA COMMUNITY FOUNDATION 114 4TH ST SE CHARLOTTESVILLE,VA22902	N/A	PC	TO FULFILL CHARITABLE PURPOSE	103
FRIENDSHIP CIRCLE 11621 SEVEN LOCKS RD POTOMAC,MD20854	N/A	PC	TO FULFILL CHARITABLE PURPOSE	15,000
HOPE CONNECTIONS 10100 LAUREATE WAY BETHESDA,MD20814	N/A	PC	TO FULFILL CHARITABLE PURPOSE	2,100
JOHN E HERMAN PUBLIC FUND 1120 VERMONT AVE NW 900 WASHINGTON,DC20005	N/A	PC	TO FULFILL CHARITABLE PURPOSE	1,304,477
NATIONAL CONCERT BAND 5901 MOUNT EAGLE DR 614 ALEXANDRIA,VA22303	N/A	PC	TO FULFILL CHARITABLE PURPOSE	4,000
SAVE A LIMB FOUNDATION C/O BRENDA HOLT 7525 ROYAL DOMINION DRIVE BETHESDA,MD20817	N/A	PC	TO FULFILL CHARITABLE PURPOSE	2,500
THE MENTAL HEALTH ASSOCIATION 226 S JEFFERSON ST FREDERICK,MD21701	N/A	PC	TO FULFILL CHARITABLE PURPOSE	12,000
TREATMENT ADVOCACY CENTER 200 NORTH GLEBE ROAD 801 ARLINGTON,VA22203	N/A	PC	TO FULFILL CHARITABLE PURPOSE	200,000
Total ................................. 3a				1,665,180

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aFULL SERVICE INCOME					4,770,015
bSTEP DOWN INCOME					129,613
cIDEP INCOME					90,000
dDAMAGES INCOME					5,516
eINSURANCE INCOME					1,915,117
fLEAVE OF ABSENCE INCOME					4,500
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	2,466
4 Dividends and interest from securities ....			14	2,297,639
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			01	4,500
8 Gain or (loss) from sales of assets other than inventory ............			18	7,250,371
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a990T REFUND			01	34,963	0
bPA SMALLCO BUYOUT V			01	78,190
cFORTRESS LENDING FUND IIIA CPV			01	176,822
dMISC INCOME			01	360
eINSURANCE SETTLEMENT			01	24,654
fORDINARY UBI (LOSS) THROUGH K-1S	901101	4,607	14	-4,607
12 Subtotal. Add columns (b), (d), and (e) ..		4,607		9,865,358	6,914,761

13Total. Add line 12, columns (b), (d), and (e)..................

16,784,726

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1A	CLEARVIEW COMMUNITIES RESIDENTS LIVE IN A HOUSE THAT IS STAFFED AROUND THE CLOCK WITH AWAKE DIRECT CARE PROFESSIONALS WHO PROVIDE SUPPORT, TREATMENT INTERVENTION, ENCOURAGEMENT, AND MONITORING.
1B	ONCE A RESIDENT HAS OBTAINED A MINIMUM OF 10-25 HOURS OF CONSISTENT COMMUNITY INTEGRATION AND IS ACTIVELY PARTICIPATING IN THEIR CLINICAL GOALS, THEY BECOME ELIGIBLE TO TRANSITION TO THE STEP-DOWN LEVEL OF CARE.
1C	RESIDENTS OF THE IDEP WILL RECEIVE A DETAILED PSYCHIATRIC ASSESSMENT ON ADMISSION.
1D	RESIDENTS ARE RESPONSIBLE TO PAY CLEARVIEW IF THEY DAMAGE THEIR ROOMS.
1E	FOR THOSE RESIDENTS WITH THIRD PARTY COVERAGE AND WHO ARE RECEIVING IN-NETWORK SERVICES, THE FINANCIAL RESPONSIBLE PARTY (FRP) SHALL BE RESPONSIBLE TO MAKE PAYMENTS TO CVC FOR APPLICABLE COINSURANCE/ COPAYMENTS AND DEDUCTIBLES ONLY.
1F	INCOME COLLECTED WHEN A RESIDENT SPENDS TIME AWAY FROM OUR PROGRAM AND WE NEED TO SAVE THEIR ROOM. (EX. HOLIDAYS AT HOME)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX & ACCOUNTING SERVICES	107,404	0	100,525	6,879

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
GREENHOUSE	2021-05-12	672,016	39,708	SL	27.500000000000	24,435	24,435
AUTOMOBILE	2021-11-23	34,775	34,775	SL	5.000000000000	0	0
FURNITURE	2021-05-10	34,229	34,229	200DB	5.000000000000	0	0
OVAL TABLE	2011-01-26	1,710	1,710	200DB	7.000000000000	0	0
FRENCH SIDEBOARD	2011-01-26	1,433	1,433	200DB	7.000000000000	0	0
NEOCLASSIC SIDE TABLE	2011-01-26	1,021	1,021	200DB	7.000000000000	0	0
TENNESSEE TABLE 7 SIX CHAIRS	2011-02-26	825	825	200DB	7.000000000000	0	0
ENGLANDER SONOMA-5 SET	2011-02-26	3,300	3,300	200DB	7.000000000000	0	0
LANE DALTON STATIONARY SOFA	2011-02-26	1,750	1,750	200DB	7.000000000000	0	0
LANE DALTON STATIONARY SOFA	2011-02-26	1,400	1,400	200DB	7.000000000000	0	0
LANE SURREY ENTERTAINMENT	2011-02-26	400	400	200DB	7.000000000000	0	0
LANE SURREY COCKTAIL TABLE	2011-02-26	650	650	200DB	7.000000000000	0	0
LANE SURREY END TABLE	2011-02-26	500	500	200DB	7.000000000000	0	0
ACME QUEEN BED COMPLETE	2011-02-26	2,750	2,750	200DB	7.000000000000	0	0
HEIDI CHAIR	2011-01-26	1,312	1,312	200DB	7.000000000000	0	0
HEIDI CHAIR	2011-01-26	1,312	1,312	200DB	7.000000000000	0	0
ORIENTAL RUG	2011-01-26	908	908	200DB	5.000000000000	0	0
COCKTAIL TABLE	2011-01-26	581	581	200DB	7.000000000000	0	0
BEDSIDE TABLE	2011-01-26	428	428	200DB	7.000000000000	0	0
CONTINENTAL LAMP TABLE	2011-01-26	437	437	200DB	7.000000000000	0	0
CHANCELLOR SOFA	2011-01-26	4,724	4,724	200DB	7.000000000000	0	0
ARM CHAIR	2011-01-26	399	399	200DB	7.000000000000	0	0
ARM CHAIR	2011-01-26	399	399	200DB	7.000000000000	0	0
WALL SCONCE	2011-08-04	358	358	200DB	7.000000000000	0	0
MANTLE ACCESSORIES	2011-08-04	250	250	200DB	7.000000000000	0	0
SILK PLANT	2011-08-04	300	300	200DB	7.000000000000	0	0
WALL CABINET	2011-08-04	1,420	1,420	200DB	7.000000000000	0	0
BUILT IN SHELVES ACCESSORIES	2011-08-04	300	300	200DB	7.000000000000	0	0
LIGHT FIXTURE	2011-08-04	801	801	200DB	7.000000000000	0	0
ACME CHEST	2011-02-26	1,500	1,500	200DB	7.000000000000	0	0
ACME NIGHT STAND	2011-02-26	840	840	200DB	7.000000000000	0	0
ACME ARMOIRE	2011-02-26	1,550	1,550	200DB	7.000000000000	0	0
LIBERTY SHEAF BACK SIDE CH	2011-02-26	1,410	1,410	200DB	7.000000000000	0	0
LIMITED EDITION PRINTS #142/540	2011-06-23	1,710	1,710	200DB	7.000000000000	0	0
FLORAL ARRANGMENTS	2011-08-04	600	600	200DB	7.000000000000	0	0
CONSOLE TABLE	2011-08-04	579	579	200DB	7.000000000000	0	0
WALL SCONCE	2011-08-04	358	358	200DB	7.000000000000	0	0
FRAMED ART/LGSIDEDB	2011-08-04	295	295	200DB	7.000000000000	0	0
LG SIDEBOARD ACCESSORIES	2011-08-04	400	400	200DB	7.000000000000	0	0
FLORAL ARRANGEMENT	2011-08-04	250	250	200DB	7.000000000000	0	0
FRAMED ART	2011-08-04	400	400	200DB	7.000000000000	0	0
CEILING FIXTURE	2011-08-04	281	281	200DB	7.000000000000	0	0
WALL SCONCE	2011-08-04	266	266	200DB	7.000000000000	0	0
NIGHTSTAND	2011-08-04	250	250	200DB	7.000000000000	0	0
LOUNGE CHAIR	2011-08-04	250	250	200DB	7.000000000000	0	0
LOUNGE CHAIR	2011-08-04	1,176	1,176	200DB	7.000000000000	0	0
BUILDING IMPROVEMENTS	2011-04-13	26,855	11,439	SL	27.500000000000	977	977
BUILDING IMPROVEMENTS	2011-04-13	880	375	SL	27.500000000000	32	32
URNS	2011-08-29	438	438	200DB	7.000000000000	0	0
CONSOLE TABLE	2011-09-07	400	400	200DB	7.000000000000	0	0
MIRROR	2011-09-07	299	299	200DB	7.000000000000	0	0
DINING CHAIRS	2011-09-07	260	260	200DB	7.000000000000	0	0
POTTED TREE	2011-09-07	690	690	200DB	7.000000000000	0	0
TABLE LAMPS	2011-09-07	600	600	200DB	7.000000000000	0	0
B.I. SHOWER - 3RD FLBEDROOM	2011-09-23	2,850	2,850	200DB	5.000000000000	0	0
B.I. VANITY BATH 3RD FLOOR	2011-09-23	29,503	1,823	SL	5.000000000000	5,901	5,901
BUILDING IMPROVEMENTS	2011-06-23	4,850	2,032	SL	27.500000000000	176	176
BUILDING IMPROVEMENTS	2011-11-01	10,468	4,239	SL	27.500000000000	381	381
CHAIRS	2011-07-01	361	361	200DB	7.000000000000	0	0
LANDSCAPE ENHANCEMENT WORK	2011-06-20	13,500	5,667	SL	27.500000000000	491	491
BLINDS	2011-05-17	2,742	2,742	200DB	5.000000000000	0	0
FURNITURE	2013-05-31	212	212	200DB	5.000000000000	0	0
FURNITURE	2011-06-15	2,985	2,985	200DB	5.000000000000	0	0
BUILDING IMPROVEMENTS	2011-04-13	25,465	10,842	SL	27.500000000000	926	926
ART	2011-08-29	255	255	200DB	7.000000000000	0	0
BUILDING IMPROVEMENTS	2011-09-23	28,250	11,597	SL	27.500000000000	1,027	1,027
BLINDS	2011-05-17	892	892	200DB	5.000000000000	0	0
BUILDING IMPROVEMENTS	2011-11-01	2,413	979	SL	27.500000000000	88	88
TENNESSE TABLE & 6 CHAIRS (PKG)	2011-03-18	825	825	200DB	7.000000000000	0	0
SIDE CHAIRS	2011-03-18	517	517	200DB	7.000000000000	0	0
TALBE	2011-03-18	307	307	200DB	7.000000000000	0	0
BED	2011-03-18	1,000	1,000	200DB	7.000000000000	0	0
HEADBOARDS	2011-03-18	481	481	200DB	7.000000000000	0	0
FOOTBOARDS	2011-03-18	350	350	200DB	7.000000000000	0	0
SONOMA 5 SET	2011-03-18	1,200	1,200	200DB	7.000000000000	0	0
ENGLANDER SONOMA	2011-03-18	288	288	200DB	7.000000000000	0	0
ENGLANDER SONOMA	2011-03-18	912	912	200DB	7.000000000000	0	0
SOFA	2011-03-18	1,750	1,750	200DB	7.000000000000	0	0
CHAIRS	2011-03-18	1,400	1,400	200DB	7.000000000000	0	0
ENTERTAINMENT CONSOLE	2011-03-18	400	400	200DB	7.000000000000	0	0
TABLES	2011-03-18	650	650	200DB	7.000000000000	0	0
TABLES	2011-03-18	500	500	200DB	7.000000000000	0	0
CHESTS	2011-03-18	600	600	200DB	7.000000000000	0	0
NIGHT STAND	2011-03-18	975	975	200DB	7.000000000000	0	0
ASSORTED RUGS	2011-03-16	260	260	200DB	5.000000000000	0	0
ASSORTED RUGS	2011-02-28	780	780	200DB	5.000000000000	0	0
BUILDING IMPROVEMENTS	2011-09-23	26,990	11,077	SL	27.500000000000	981	981
BUILDING IMPROVEMENTS	2011-09-23	26,500	10,885	SL	27.500000000000	964	964
BUILDING IMPROVEMENTS	2013-11-30	71,894	23,853	SL	27.500000000000	2,614	2,614
BUILDING IMPROVEMENTS	2014-05-31	126,300	39,612	SL	27.500000000000	4,592	4,592
FURNITURE	2020-11-23	1,435	735	SL	5.000000000000	276	276
AUTOMOBILE	2011-06-15	28,900		SL	5.000000000000	0	0
HONDA ODYSSEY	2013-09-30	27,680	27,680	SL	5.000000000000	0	0
HONDA ODYSSEY	2014-03-31	26,756	13,378	SL	5.000000000000	0	0
2015 TOYOTA SIENNA	2019-03-08	18,000	16,416	SL	5.000000000000	1,584	1,584
HP 620 NOTEBOOK INTEL PENTIUM	2011-04-05	1,078	1,078	200DB	5.000000000000	0	0
HP 500B DESKTOP PC PENTIUM	2011-04-05	470	470	200DB	5.000000000000	0	0
SONIC WALL TZ100 FIREWALL	2011-04-05	270	270	200DB	7.000000000000	0	0
DELL POWEREDGE SERVER	2011-04-05	1,619	1,619	200DB	5.000000000000	0	0
DELL VOSTRO LAPTOP	2011-07-07	5,880	5,880	200DB	5.000000000000	0	0
DELL VOSTRO DESKTOP	2011-07-07	1,320	1,320	200DB	5.000000000000	0	0
NEC DSX - 40 KEY SERVICE UNIT	2011-03-10	612	612	200DB	7.000000000000	0	0
NEC DSX - 40/80/160 INTRAMAIL	2011-03-10	700	700	200DB	7.000000000000	0	0
NEC DSX - 34 BUTTON BACKLIT	2011-03-10	1,985	1,985	200DB	7.000000000000	0	0
DATA EQUIPMENT	2020-02-17	1,337	1,337	200DB	5.000000000000	0	0
OFFICE FURNITURE	2011-06-15	7,145	7,145	200DB	7.000000000000	0	0
OFFICE FURNITURE - MISC	2011-06-15	1,000	1,000	200DB	7.000000000000	0	0
OFFICE FURNITURE - MISCELLANEOUS	2017-06-30	9,154	4,840	SL	5.000000000000	527	527
VALUE CITY - MISC OFFICE FURNITURE	2018-11-20	940	885	200DB	5.000000000000	55	55
HARBER'S FURNITURE	2019-01-30	7,535	6,233	200DB	5.000000000000	868	1,302
FURNITURE - PIANO	2014-12-30	19,700	9,850	SL	5.000000000000	3,940	3,940
FURNITURE - PIANO UPDATES	2016-08-30	3,392	1,696	SL	5.000000000000	678	678
BUILDING - 107 WEST THIRD STREET	2011-06-15	645,576	270,946	SL	27.500000000000	23,480	23,480
BUILDING - 14 FAIRVIEW AVE	2011-06-15	162,305	68,120	SL	27.500000000000	5,903	5,903
BUILDING - 218 NORVA AVE	2011-06-27	172,266	72,277	SL	27.500000000000	6,265	6,265
BUILDING IMPROVEMENTS	2016-06-01	1,853,123	440,811	SL	27.500000000000	67,380	67,380
BUILDING	2016-06-01	3,418,510	1,482,322	SL	27.500000000000	186,207	186,207
FURNISHINGS	2016-06-01	56,424	28,212	SL	5.000000000000	11,285	11,285
FURNISHINGS	2016-06-01	169,151	84,575	SL	5.000000000000	33,830	33,830
FURNISHINGS	2017-06-14	5,000	2,644	SL	5.000000000000	288	288
BUILDING IMPROVEMENTS	2017-04-25	86,099	17,873	SL	27.500000000000	3,131	3,131
HOUSE FURNISH. - 609-611 W PATRICK	2018-03-30	490	461	200DB	5.000000000000	29	25
FURNITURE	2020-05-18	248	48	SL	5.000000000000	48	48
FURNITURE	2020-03-05	860	165	SL	5.000000000000	165	165
HVAC	2020-12-31	342,838		SL	5.000000000000	0	0
HVAC	2021-12-31	9,844	373	SL	27.500000000000	0	0
613 W PATRICK GRP HM STU - BUILDING	2018-02-28	2,906,263	515,190	SL	27.500000000000	105,672	105,672
HOUSE FURNISH. 613 W PATRICK STUDIO	2018-04-30	38,660	36,434	200DB	5.000000000000	2,226	2,226
HOUSE FURNISH. 613 W PATRICK STUDIO	2018-03-31	51,332	48,375	200DB	5.000000000000	2,957	2,957
FURNITURE	2020-04-07	209	209	200DB	5.000000000000	0	0
LAND - 107 WEST THIRD STREET	2011-06-15	156,330		L		0	0
LAND - FAIRVIEW AVE	2011-06-15	142,515		L		0	0
LAND - 218 NORVA	2011-06-27	92,351		L		0	0
LAND - WEST PATRICK STREET	2014-04-09	457,707		L		0	0
LAND - 615 W PATRICK ST	2020-06-09	250,500		L		0	0
HOUSE FURNISHINGS 615W HOUSE	2022-08-01	74,993	10,248	SL	5.000000000000	10,248	10,248
AED AND HEARTSMART	2022-08-01	11,928	1,580	SL	5.000000000000	1,580	1,580
COMPUTERS (3)	2022-08-01	13,434	2,044	SL	5.000000000000	2,044	2,044
APPLE.COM/US	2023-08-20	17,518		SL	5.000000000000	1,286	15,300
NORVA KITCHEN - 1/3 DEPOSIT	2023-12-01	9,834		SL	5.000000000000	167	8,034
MIDDLETOWN DRYWALL & PAIN	2023-12-20	1,200		SL	5.000000000000	88	1,048
615 W PATRICK STUDIO	2023-01-01	4,019,656		SL	27.500000000000	146,169	146,169
HVAC	2023-12-01	115,385		SL	5.000000000000	0	92,308
HOUSE FURNISHINGS 611 W PATRICK HVAC FIX	2023-01-01	44,402		SL	5.000000000000	0	35,522

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CO FXD TO 052025 VAR THRAFTR 4.99% 400,000.000 UNITS	399,090	399,090
AMERICAN TOWER CORP DUE 01/15/2025 2.950% 500,000.000 UNITS	487,820	487,820
AMGEN INC DUE 03/02/2026 5.507% 400,000.000 UNITS	400,016	400,016
ARCELORMITTAL SA DUE 11/29/2032 6.800% 500,000.000 UNITS	529,429	529,429
BANK OF AMERICA CORP 250,000.000 UNITS	247,803	247,803
BANK OF AMERICA CORP FXD DUE 06/2024 5.1250% 483,000.000 UNITS	148,130	148,130
BIOGEN INC DUE 09/15/2025 4.050% 500,000.000 UNITS	492,003	492,003
BLOCK FINANCIAL LLC DUE 10/01/2025 5.250% 500,000.000 UNITS	497,683	497,683
BROADCOM INC DUE 09/15/2028 4.110% 500,000.000 UNITS	488,608	488,608
CENTERPOINT ENERGY RESOURCES CORP DUE 03/01/2028 5.250% 300,000.000 UNITS	308,075	308,075
CHARLES SCHWAB CORP/THE FXD DUE 06/2025 5.3750% 483,000.000 UNITS	475,791	475,791
CITIGROUP INC FXD DUE 05/2024 6.3000% 250,000.000UNITS	248,186	248,186
CITIGROUP INC FXD DUE 05/2028 7.375% 250,000.000 UNITS	253,708	253,708
CITIGROUP INC FXD DUE 09,2024 5.0000% 750,000.000 UNITS	728,471	728,471
CITIGROUP INC FXD DUE 11/2028 7.625% 350,000.000 UNITS	357,175	357,175
CITIGROUP INC FXD TO 052028 VAR THRAFTR 7.375% 300,000.000 UNITS	304,449	304,449
CITIGROUP INC FXD TO 112028 VAR THRAFTR 7.625% 100,000.000 UNITS	102,050	102,050
COMCAST CORP DUE 04/01/2027 3.300% 400,000.000 UNITS	385,803	385,803
DUKE ENERGY FLORIDA LLC DUE 11/15/2033 5.875% 500,000.000 UNITS	540,203	540,203
ELEVANCE HEALTH INC 200,000.000 UNITS	199,699	199,699
ENERGY TRANSFER LP 250,000.000 UNITS	243,214	243,214
ENERGY TRANSFER LP DUE 05/15/2024 3.900% 250,000.000 UNITS	248,194	248,194
ENERGY TRANSFER LP FXD TO 02/2023 9.6693% 575,000.000 UNITS	551,017	551,017
ENERGY TRANSFER LP FXD TO 02/2028 6.6250% 250,000.000 UNITS	209,443	209,443
ENERGY TRANSFER LP FXD TO 022023 VAR THRAFTR 9.6693% 250,000.000 UNITS	239,573	239,573
EVERSOURCE ENERGY DUE 06/27/2024 4.200% 300,000.000 UNITS	298,304	298,304
EXPEDIA GROUP INC DUE 02/15/2026 5.000% 500,000.000 UNITS	500,705	500,705
FIFTH THIRD BANCORP FXD TO 092019 VAR THRAFTR 8.7854% 200,000.000 UNITS	192,678	192,678
FORD MOTOR CREDIT CO LLC 400,000.000 UNITS	410,840	410,840
FORD MOTOR CREDIT CO LLC 450,000.000 UNITS	449,811	449,811
FORD MOTOR CREDIT CO LLC DUE 03/18/2024 5.584% 400,000.000 UNITS	399,500	399,500
FORD MOTOR CREDIT CO LLC DUE 06/10/2026 6.950% 500,000.000 UNITS	513,550	513,550
FORD MOTOR CREDIT CO LLC DUE 06/10/2026 7.200% 250,000.000 UNITS	266,758	266,758
GENERAL ELECTRIC CO DUE 05/05/2026 6.034% 500,000.000 UNITS	497,868	497,868
GENERAL MOTORS FINANCIAL CO IN C FXD 6.5% 200,000.000 UNITS	182,458	182,458
GENERAL MOTORS FINANCIAL CO INC 200,000.000 UNITS	198,934	198,934
GENERAL MOTORS FINANCIAL CO INC DUE 03/01/2026 5.250% 250,000.000 UNITS	250,294	250,294
GENERAL MOTORS FINANCIAL CO INC DUE 06/20/2025 2.750% 400,000.000 UNITS	385,282	385,282
GLOBAL PAYMENTS INC DUE 02/15/2025 2.650% 200,000.000 UNITS	193,900	193,900
GOLDMAN SACHS GROUP INC/THE 175,000.000 UNITS	174,662	174,662
GOLDMAN SACHS GROUP INC/THE DUE 10/21/2024 5.834% 300,000.000 UNITS	299,421	299,421
GOLDMAN SACHS GROUP INC/THE FXD TO 022029 VAR THRAFTR 7.5% 100,000.000 UNITS	104,380	104,380
HF SINCLAIR CORP 250,000.000 UNITS	234,665	234,665
HYATT HOTELS CORP 250,000.000 UNITS	250,449	250,449
HYATT HOTELS CORP DUE 04/23/2025 5.375% 500,000.000 UNITS	500,898	500,898
HYATT HOTELS CORP DUE 10/01/2024 1.800% 550,000.000 UNITS	533,871	533,871
JPMORGAN CHASE & CO FXD TO 022024 VAR THRAFTR 6.7500% 500,000.000 UNITS	500,325	500,325
JPMORGAN CHASE & CO FXD TO 042025 VAR THRAFTR 4% 300,000.000 UNITS	283,920	283,920
JPMORGAN CHASE & CO FXD TO 082023 VAR THRAFTR 8.9387% 300,000.000 UNITS	301,470	301,470
JPMORGAN CHASE & CO FXD TO 082024 VAR THRAFTR 5.0000% 250,000.000 UNITS	246,795	246,795
LENNAR CORP DUE 05/30/2025 4.750% 250,000.000 UNITS	248,710	248,710
LYONDELLBASELL INDUSTRIES NV DUE 04/15/2024 5.750%; 200,000.000 UNITS	200,025	200,025
MARATHON PETROLEUM CORP DUE 09/15/2024 3.625% 250,000.000 UNITS	246,355	246,355
MARRIOTT INTERNATIONAL INC/MD DUE 06/15/2026 3.125% 300,000.000 UNITS	288,315	288,315
MICRON TECHNOLOGY INC DUE 02/06/2026 4.975% 500,000.000 UNITS	500,625	500,625
NEXTERA ENERGY CAP HLDGS INC F XD 7.7239% 400,000.000 UNITS	363,408	363,408
NEXTERA ENERGY CAPITAL HOLDINGS INC 150,000.000 UNITS	151,436	151,436
OCCIDENTAL PETROLEUM CORP DUE 12/01/2025 5.500% 450,000.000 UNITS	450,713	450,713
ONE GAS INC 258,000.000 UNITS	255,712	255,712
ORACLE CORP 300,000.000 UNITS	280,023	280,023
PHILLIPS 66 CO DUE 12/01/2027 4.950% 500,000.000 UNITS	504,975	504,975
PLAINS ALL AMERICAN PIPELINE LP / PAA FINANCE CORP 150,000.000 UNITS	147,329	147,329
PLAINS ALL AMERICAN PIPELINE LP 3.600% 500,000.000 UNITS	491,095	491,095
PROGRESSIVE CORP/THE FXD TO 032023 VAR THRAFTR 8.1852% 200,000.000 UNITS	199,092	199,092
PUGET SOUND ENERGY INC 250,000.000 UNITS	268,493	268,493
SABINE PASS LIQUEFACTION LLC DUE 06/30/2026 5.875% 250,000.000 UNITS	254,569	254,569
SEMPRA ENERGY DUE 08/01/2026 5.400% 500,000.000 UNITS	507,180	507,180
SOUTHERN CO/THE FXD TO 01/2026 VAR THRAFTR 4.0000% 250,000.000 UNITS	238,838	238,838
SOUTHWEST AIRLINES CO DUE 05/04/2025 5.250% 300,000.000 UNITS	300,224	300,224
STANLEY BLACK & DECKER INC 200,000.000 UNITS	193,501	193,501
TRUIST FINANCIAL CORP FXD TO 122025 VAR THRAFTR 4.9500% 300,000.000 UNITS	287,259	287,259
VIATRIS INC DUE 06/22/2025 1.650% 600,000.000 UNITS	568,290	568,290
VMWARE INC DUE 08/15/2024 1.000% 250,000.000 UNITS	242,936	242,936
WELLS FARGO & CO FXD TO 032026 VAR THRAFTR 3.9000% 250,000.000 UNITS	230,801	230,801
WELLTOWER OP LLC DUE 03/15/2024 3.625% 250,000.000 UNITS	248,757	248,757

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC COM (ABBV) 544.000 SHRS	84,303	84,303
AIR PROD & CHEM INC (APD) 154.000 SHRS	42,164	42,164
ALPHABET INC CL A (GOOGL) 3,520.000 SHRS	491,708	491,708
ALPHABET INC CL C (GOOG) 4,220.000 SHRS	594,724	594,724
AMAZON COM INC (AMZN) 415.000 SHRS	63,054	63,054
AMAZON COM INC (AMZN) 6,220.000 SHRS	945,067	945,067
AMGEN INC (AMGN) 220.000 SHRS	63,363	63,363
APPLE INC (AAPL) 328.000 SHRS	63,150	63,150
APPLE INC (AAPL) 52,107.755 SHRS	10,032,306	10,032,306
APPLE INC (AAPL) 9,833.000 SHRS	1,878,140	1,878,140
ARCHER DANIELS MIDLAND (ADM) 585.000 SHRS	42,248	42,248
BERKSHIRE HATHAWAY CL-B NEW (BRK'B) 118.000 SHRS	42,085	42,085
BERKSHIRE HATHAWAY CL-B NEW (BRK'B) 2,022.000 SHRS	721,167	721,167
BLACKROCK INC (BLK) 51.000 SHRS	41,401	41,401
BLACKSTONE INC (BX) 1,741.000 SHRS	227,932	227,932
BLACKSTONE INC (BX) 198.000 SHRS	25,922	25,922
CHEVRON CORP (CVX) 423.000 SHRS	63,095	63,095
COCA COLA CO (KO) 1,074.000 SHRS	63,291	63,291
COLGATE PALMOLIVE CO (CL) 529.000 SHRS	42,167	42,167
CORNING INC (GLW) 1,386.000 SHRS	42,204	42,204
CROWN CASTLE INC (CCI) 366.000 SHRS	42,160	42,160
DEERE & CO (DE) 106.000 SHRS	42,386	42,386
EXXON MOBIL CORP (XOM) 632.000 SHRS	63,187	63,187
FIRSTENERGY CORP (FE) 1,154.000 SHRS	42,306	42,306
GILEAD SCIENCE (GILD) 5,896.000 SHRS	477,635	477,635
GILEAD SCIENCE (GILD) 780.000 SHRS	63,188	63,188
HONEYWELL INTL INC (HON) 201.000 SHRS	42,152	42,152
INTL BUSINESS MACHINES CORP (IBM) 258.000 SHRS	42,196	42,196
JOHNSON & JOHNSON (JNJ) 269.000 SHRS	42,163	42,163
JPMORGAN CHASE & CO (JPM) 372.000 SHRS	63,277	63,277
LOCKHEED MARTIN CORP (LMT) 93.000 SHRS	42,151	42,151
MC DONALDS CORP (MCD) 142.000 SHRS	42,104	42,104
MEDTRONIC PLC SHS (MDT) 511.000 SHRS	42,096	42,096
METLIFE INCORPORATED (MET) 638.000 SHRS	42,191	42,191
MICROSOFT CORP (MSFT) 1,070.000 SHRS	402,363	402,363
MICROSOFT CORP (MSFT) 225.000 SHRS	84,609	84,609
MONDELEZ INTL INC COM (MDLZ) 582.000 SHRS	42,154	42,154
NEXTERA ENERGY INC (NEE) 697.000 SHRS	42,336	42,336
PROCTER & GAMBLE (PG) 288.000 SHRS	42,204	42,204
REPUBLIC SERVICES INC (RSG) 256.000 SHRS	42,217	42,217
RIVIAN AUTOMOTIVE INC CL A (RIVN) 3,000.000 SHRS	70,380	70,380
RTX CORPORATION (RTX) 501.000 SHRS	42,154	42,154
SEMPRA (SRE) 564.000 SHRS	42,148	42,148
THE CIGNA GROUP (CI) 141.000 SHRS	42,222	42,222
T-MOBILE US INC COM (TMUS) 262.000 SHRS	42,006	42,006
WALMART INC (WMT) 2,365.000 SHRS	372,842	372,842
WALMART INC (WMT) 267.000 SHRS	42,093	42,093
WALT DISNEY CO HLDG CO (DIS) 467.000 SHRS	42,165	42,165

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

US Government Securities - End of Year Book Value:

4,522,860

US Government Securities - End of Year Fair Market Value:

4,522,860

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKROCK STRATEGIC INC OPP I (BSIIX)	FMV	604,190	604,190
BLACKSTONE - BXPE (TE) ESC	FMV	1,500,000	1,500,000
E V SHT DURATION GOVT INC I (EILDX) 74,485.645 SHRS	FMV	545,980	545,980
FORTRESS LENDING FUND IIIA CPV	FMV	694,793	694,793
FT-PREFERRED SECUR & INC ETF (FPE) 30,647.000 SHRS	FMV	516,708	516,708
INVESCO S&P 500 EQUAL WEIGHT E (RSP) 533.000 SHRS	FMV	84,107	84,107
INVESCO S&P 500 EQUAL WEIGHT E (RSP) 8,550.000 SHRS	FMV	1,349,190	1,349,190
JPMORGAN EQUITY PREMIUM INCO (JEPI) 1,531.000 SHRS	FMV	84,174	84,174
PE PREMIER BLKSTONE	FMV	205,620	205,620
PIONEER MLTI AST ULT SHT INC Y (MYFRX)	FMV	1,280,854	1,280,854
PIONEER MLTI AST ULT SHT INC Y (MYFRX) 230,912.871 SHRS	FMV	2,223,691	2,223,691
PREMIER LCP X OFFSHORE	FMV	731,968	731,968
PRIVATE ADV SMALL COMPANY BUYOUT FUND V	FMV	1,081,536	1,081,536
VANGUARD CONSM STPLES ET ETF (VDC) 13,158.000 SHRS	FMV	2,512,652	2,512,652
VANGUARD HEALTH CARE ETF (VHT) 11,512.000 SHRS	FMV	2,886,058	2,886,058
VANGUARD UTILITIES ETF (VPU) 6,885.000 SHRS	FMV	943,727	943,727

- TIN:

TY 2023 LandEtcSchedule2

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
GREENHOUSE	672,016	64,143	607,873	607,873
AUTOMOBILE	34,775	34,775	0	0
FURNITURE	34,229	34,229	0	0
OVAL TABLE	1,710	1,710	0	0
FRENCH SIDEBOARD	1,433	1,433	0	0
NEOCLASSIC SIDE TABLE	1,021	1,021	0	0
TENNESSEE TABLE 7 SIX CHAIRS	825	825	0	0
ENGLANDER SONOMA-5 SET	3,300	3,300	0	0
LANE DALTON STATIONARY SOFA	1,750	1,750	0	0
LANE DALTON STATIONARY SOFA	1,400	1,400	0	0
LANE SURREY ENTERTAINMENT	400	400	0	0
LANE SURREY COCKTAIL TABLE	650	650	0	0
LANE SURREY END TABLE	500	500	0	0
ACME QUEEN BED COMPLETE	2,750	2,750	0	0
HEIDI CHAIR	1,312	1,312	0	0
HEIDI CHAIR	1,312	1,312	0	0
ORIENTAL RUG	908	908	0	0
COCKTAIL TABLE	581	581	0	0
BEDSIDE TABLE	428	428	0	0
CONTINENTAL LAMP TABLE	437	437	0	0
CHANCELLOR SOFA	4,724	4,724	0	0
ARM CHAIR	399	399	0	0
ARM CHAIR	399	399	0	0
WALL SCONCE	358	358	0	0
MANTLE ACCESSORIES	250	250	0	0
SILK PLANT	300	300	0	0
WALL CABINET	1,420	1,420	0	0
BUILT IN SHELVES ACCESSORIES	300	300	0	0
LIGHT FIXTURE	801	801	0	0
ACME CHEST	1,500	1,500	0	0
ACME NIGHT STAND	840	840	0	0
ACME ARMOIRE	1,550	1,550	0	0
LIBERTY SHEAF BACK SIDE CH	1,410	1,410	0	0
LIMITED EDITION PRINTS #142/540	1,710	1,710	0	0
FLORAL ARRANGMENTS	600	600	0	0
CONSOLE TABLE	579	579	0	0
WALL SCONCE	358	358	0	0
FRAMED ART/LGSIDEDB	295	295	0	0
LG SIDEBOARD ACCESSORIES	400	400	0	0
FLORAL ARRANGEMENT	250	250	0	0
FRAMED ART	400	400	0	0
CEILING FIXTURE	281	281	0	0
WALL SCONCE	266	266	0	0
NIGHTSTAND	250	250	0	0
LOUNGE CHAIR	250	250	0	0
LOUNGE CHAIR	1,176	1,176	0	0
BUILDING IMPROVEMENTS	26,855	12,416	14,439	14,439
BUILDING IMPROVEMENTS	880	407	473	473
URNS	438	438	0	0
CONSOLE TABLE	400	400	0	0
MIRROR	299	299	0	0
DINING CHAIRS	260	260	0	0
POTTED TREE	690	690	0	0
TABLE LAMPS	600	600	0	0
B.I. SHOWER - 3RD FLBEDROOM	2,850	2,850	0	0
B.I. VANITY BATH 3RD FLOOR	29,503	7,724	21,779	21,779
BUILDING IMPROVEMENTS	4,850	2,208	2,642	2,642
BUILDING IMPROVEMENTS	10,468	4,620	5,848	5,848
CHAIRS	361	361	0	0
LANDSCAPE ENHANCEMENT WORK	13,500	6,158	7,342	7,342
BLINDS	2,742	2,742	0	0
FURNITURE	212	212	0	0
FURNITURE	2,985	2,985	0	0
BUILDING IMPROVEMENTS	25,465	11,768	13,697	13,697
ART	255	255	0	0
BUILDING IMPROVEMENTS	28,250	12,624	15,626	15,626
BLINDS	892	892	0	0
BUILDING IMPROVEMENTS	2,413	1,067	1,346	1,346
TENNESSE TABLE & 6 CHAIRS (PKG)	825	825	0	0
SIDE CHAIRS	517	517	0	0
TALBE	307	307	0	0
BED	1,000	1,000	0	0
HEADBOARDS	481	481	0	0
FOOTBOARDS	350	350	0	0
SONOMA 5 SET	1,200	1,200	0	0
ENGLANDER SONOMA	288	288	0	0
ENGLANDER SONOMA	912	912	0	0
SOFA	1,750	1,750	0	0
CHAIRS	1,400	1,400	0	0
ENTERTAINMENT CONSOLE	400	400	0	0
TABLES	650	650	0	0
TABLES	500	500	0	0
CHESTS	600	600	0	0
NIGHT STAND	975	975	0	0
ASSORTED RUGS	260	260	0	0
ASSORTED RUGS	780	780	0	0
BUILDING IMPROVEMENTS	26,990	12,058	14,932	14,932
BUILDING IMPROVEMENTS	26,500	11,849	14,651	14,651
BUILDING IMPROVEMENTS	71,894	26,467	45,427	45,427
BUILDING IMPROVEMENTS	126,300	44,204	82,096	82,096
FURNITURE	1,435	1,011	424	424
AUTOMOBILE	28,900	0	28,900	28,900
HONDA ODYSSEY	27,680	27,680	0	0
HONDA ODYSSEY	26,756	13,378	13,378	13,378
2015 TOYOTA SIENNA	18,000	18,000	0	0
HP 620 NOTEBOOK INTEL PENTIUM	1,078	1,078	0	0
HP 500B DESKTOP PC PENTIUM	470	470	0	0
SONIC WALL TZ100 FIREWALL	270	270	0	0
DELL POWEREDGE SERVER	1,619	1,619	0	0
DELL VOSTRO LAPTOP	5,880	5,880	0	0
DELL VOSTRO DESKTOP	1,320	1,320	0	0
NEC DSX - 40 KEY SERVICE UNIT	612	612	0	0
NEC DSX - 40/80/160 INTRAMAIL	700	700	0	0
NEC DSX - 34 BUTTON BACKLIT	1,985	1,985	0	0
DATA EQUIPMENT	1,337	1,337	0	0
OFFICE FURNITURE	7,145	7,145	0	0
OFFICE FURNITURE - MISC	1,000	1,000	0	0
OFFICE FURNITURE - MISCELLANEOUS	9,154	5,367	3,787	3,787
VALUE CITY - MISC OFFICE FURNITURE	940	940	0	0
HARBER'S FURNITURE	7,535	7,101	434	434
FURNITURE - PIANO	19,700	13,790	5,910	5,910
FURNITURE - PIANO UPDATES	3,392	2,374	1,018	1,018
BUILDING - 107 WEST THIRD STREET	645,576	294,426	351,150	351,150
BUILDING - 14 FAIRVIEW AVE	162,305	74,023	88,282	88,282
BUILDING - 218 NORVA AVE	172,266	78,542	93,724	93,724
BUILDING IMPROVEMENTS	1,853,123	508,191	1,344,932	1,344,932
BUILDING	3,418,510	1,668,529	1,749,981	1,749,981
FURNISHINGS	56,424	39,497	16,927	16,927
FURNISHINGS	169,151	118,405	50,746	50,746
FURNISHINGS	5,000	2,932	2,068	2,068
BUILDING IMPROVEMENTS	86,099	21,004	65,095	65,095
HOUSE FURNISH. - 609-611 W PATRICK	490	490	0	0
FURNITURE	248	96	152	152
FURNITURE	860	330	530	530
HVAC	342,838	0	342,838	342,838
HVAC	9,844	373	9,471	9,471
613 W PATRICK GRP HM STU - BUILDING	2,906,263	620,862	2,285,401	2,285,401
HOUSE FURNISH. 613 W PATRICK STUDIO	38,660	38,660	0	0
HOUSE FURNISH. 613 W PATRICK STUDIO	51,332	51,332	0	0
FURNITURE	209	209	0	0
LAND - 107 WEST THIRD STREET	156,330	0	156,330	156,330
LAND - FAIRVIEW AVE	142,515	0	142,515	142,515
LAND - 218 NORVA	92,351	0	92,351	92,351
LAND - WEST PATRICK STREET	457,707	0	457,707	457,707
LAND - 615 W PATRICK ST	250,500	0	250,500	250,500
HOUSE FURNISHINGS 615W HOUSE	74,993	20,496	54,497	54,497
AED AND HEARTSMART	11,928	3,160	8,768	8,768
COMPUTERS (3)	13,434	4,088	9,346	9,346
APPLE.COM/US	17,518	1,286	16,232	16,232
NORVA KITCHEN - 1/3 DEPOSIT	9,834	167	9,667	9,667
MIDDLETOWN DRYWALL & PAIN	1,200	88	1,112	1,112
615 W PATRICK STUDIO	4,019,656	146,169	3,873,487	3,873,487
HVAC	115,385	0	115,385	115,385
HOUSE FURNISHINGS 611 W PATRICK HVAC FIX	44,402	0	44,402	44,402

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	3,331	0	3,081	250

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CONSTRUCTION IN PROCESS	4,100,607
ACCRUED INTEREST AND DIVIDENDS		317,777	317,777

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Amount
FORM 3115: CHANGE IN ACCOUNTING - ACCOUNTS PAYABLE AND ACCRUED EXPENSES	2,821
REALIZED LOSS FROM DONATION OF INVESTMENTS TO GRANTEE	168,269
TO CORRECT BEGINNING CASH AND COST OF INVESTMENTS TO AGREE TO STATEMENTS	202,185

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
COMMUNICATION	102,182	0	102,182	0
COMPUTERS	13,513	0	13,513	0
OFFICE EXPENSES AND SUPPLIES	148,450	0	147,378	1,072
PATIENT SERVICES	144,751	0	144,751	0
RECRUITING	17,032	0	17,032	0
UTILITIES	102,705	0	102,705	0
INSURANCE	544,141	0	497,012	46,954
PENALTIES	279	0	0	279
DUES & MEMBERSHIPS	6,801	0	6,801	0
DISPOSAL OF FIXED ASSETS	26,671	0	15,650	11,021
PARTNERSHIP EXPENSES	0	17,313	0	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ORDINARY INCOME THROUGH K-1S	0	184,009
PE PREMER	4,500	4,500
FULL SERVICE INCOME	4,770,015		4,770,015
STEP DOWN INCOME	129,613		129,613
IDEP INCOME	90,000		90,000
DAMAGES INCOME	5,516		5,516
INSURANCE INCOME	1,915,117		1,915,117
LEAVE OF ABSENCE INCOME	4,500		4,500
990T REFUND	34,963		34,963
PA SMALLCO BUYOUT V	78,190		78,190
FORTRESS LENDING FUND IIIA CPV	176,822		176,822
MISC INCOME	360		360
INSURANCE SETTLEMENT	24,654		24,654

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Amount
ADJUSTMENT TO BEGINNING FIXED ASSETS TO AGREE TO BOOKS	114,090
FORM 3115: ADJUSTMENT TO RECORD INVESTMENTS AT FAIR MARKET VALUE	12,204,981
FORM 3115: CHANGE IN ACCOUNTING - ACCOUNTS RECEIVABLE	99,246
UNREALIZED GAIN ON INVESTMENTS	750,583

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSITS	39,000	40,800

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category	Amount	Net Investment Income	Adjusted Net Income
MARKETING AND OUTREACH	21,085	0	21,085
CONSULTING CONTRACTOR	42,233	0	42,233
INSURANCE RESIDENTIAL CONSULTANT	108,000	0	108,000
INVESTMENT MANAGEMENT FEES	202,648	202,648	31,058

- TIN:

TY 2023 TaxesSchedule

Name:

THE SYLVAN C HERMAN FOUNDATION INC

EIN:

20-3265230

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX PAID	129,650	0	0	0
OTHER TAXES	3,327	0	1,164	2,163
FOREIGN TAXES WITHHELD	0	3,292	0	0