Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$87,136,569J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 12,200
2 Check right arrow.............
3 Interest on savings and temporary cash investments 48,386 48,386  
4 Dividends and interest from securities... 2,235,638 2,261,157  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 145,966
b Gross sales price for all assets on line 6a 24,440,674
7 Capital gain net income (from Part IV, line 2)... 267,013
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)....... Click to see attachment
List of Attached Documents:
// Content
8,333,909 249,307 7,216,046
12 Total. Add lines 1 through 11........ 10,776,099 2,825,863 7,216,046
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 773,133 0 506,273 266,860
14 Other employee salaries and wages...... 3,760,083 0 3,610,522 149,561
15 Pension plans, employee benefits....... 427,069 0 397,765 29,304
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
15,279 0 4,458 10,821
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
163,467 0 109,962 49,505
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
312,650 173,084 139,566 0
17 Interest...............   3,670    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74,681 645 817 2,180
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
710,446 0 14,953
20 Occupancy.............. 210,460 0 186,254 24,206
21 Travel, conferences, and meetings....... 71,067 0 70,215 852
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,109,072 61,028 1,055,251 53,821
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,627,407 238,427 6,096,036 587,110
25 Contributions, gifts, grants paid....... 2,021,724 2,021,724
26 Total expenses and disbursements. Add lines 24 and 25 9,649,131 238,427 6,096,036 2,608,834
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,126,968
b Net investment income (if negative, enter -0-) 2,587,436
c Adjusted net income (if negative, enter -0-)... 1,120,010
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 739,983 391,241 391,241
2 Savings and temporary cash investments......... 2,211,031 2,483,427 2,483,427
3 Accounts receivable right arrow205,103
Less: allowance for doubtful accounts right arrow   84,602 205,103 205,103
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   125,433 125,433
10a Investments—U.S. and state government obligations (attach schedule) 4,522,860 Click to see attachment
List of Attached Documents:
// Content
2,193,071 		2,193,071
b Investments—corporate stock (attach schedule)....... 18,010,576 Click to see attachment
List of Attached Documents:
// Content
27,652,514 		27,652,514
c Investments—corporate bonds (attach schedule)....... 24,926,032 Click to see attachment
List of Attached Documents:
// Content
25,824,785 		25,824,785
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,245,248 Click to see attachment
List of Attached Documents:
// Content
15,755,062 		15,755,062
14 Land, buildings, and equipment: basis right arrow16,817,689
Less: accumulated depreciation (attach schedule) right arrow4,870,455 12,535,618 Click to see attachment
List of Attached Documents:
// Content
11,947,234 		11,947,234
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
317,777 		Click to see attachment
List of Attached Documents:
// Content
558,699 		Click to see attachment
List of Attached Documents:
// Content
558,699
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 80,593,727 87,136,569 87,136,569
Liabilities 17 Accounts payable and accrued expenses.......... 1,350 56,424
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
40,800 		Click to see attachment
List of Attached Documents:
// Content
38,500
23 Total liabilities (add lines 17 through 22)......... 42,150 94,924
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 80,551,577 87,041,645
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 80,551,577 87,041,645
30 Total liabilities and net assets/fund balances (see instructions). 80,593,727 87,136,569
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
80,551,577
2
Enter amount from Part I, line 27a .....................
2
1,126,968
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,363,100
4
Add lines 1, 2, and 3 ..........................
4
87,041,645
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
87,041,645
Form 990-PF (2024)
Form 990-PF (2024)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF PUBLICLY TRADED SECURITIES      
b REALIZED GAINS THROUGH K-1S, NET OF UBI P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 24,430,336   24,294,708 135,628
b       121,047
c 10,338     10,338
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       135,628
b       121,047
c       10,338
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 267,013
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 ................... 		Bracket 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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 35,965
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 35,965
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 35,965
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 33,076
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 43,076
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 42
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,069
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,069 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD, DC
b
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 .
8b
Yes
 
9
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (202) 296-8366

Located atright arrow1120 VERMONT AVENUE NW 900WASHINGTONDC ZIP+4right arrow20005
15
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
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
No
2
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)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
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.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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)
 
No
b
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 ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
 
No
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
ROBERT B HERMAN DIRECTOR & PRESIDENT FROM 10/24
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
MINDY HERMAN DIRECTOR & SECRETARY
2.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
C RICHARD BEYDA DIRECTOR & SECRETARY THROUGH 10/24
2.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
SYLVAN C HERMAN DIRECTOR & PRESIDENT THROUGH 10/24
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
DWAYNE HOLT DIRECTOR
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
GARY LEVINE DIRECTOR
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
RICHARD F LEVIN DIRECTOR
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
J SCOTT OGDEN DIRECTOR
20.00 		266,860 22,924 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
BETH STONE DIRECTOR
1.00 		0 0 0
1120 VERMONT AVE NW STE 900
WASHINGTON,DC20005
CAROLINE CANTRELL DIRECTOR
40.00 		207,200 63,785 600
611 W PATRICK ST
FREDERICK,MD21701
DR MICHAEL KNABLE DIRECTOR
40.00 		299,073 88,699 600
611 W PATRICK ST
FREDERICK,MD21701
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 		262,667 46,321 600
611 W PATRICK ST
FREDERICK,MD21701
JASON MOEHRINGER CLINICAL DIRECTOR
40.00 		161,867 45,489 600
611 W PATRICK ST
FREDERICK,MD21701
AARON VANDERMEER PROGRAM DIRECTOR
40.00 		146,800 40,727 600
611 W PATRICK ST
FREDERICK,MD21701
CHRISTOPHER HANES NURSE PRACTITIONER,
40.00 		104,301 8,649 2,902
611 W PATRICK ST
FREDERICK,MD21701
MEGAN MCNEECE OCCUPATIONAL THERAPI
40.00 		106,513 3,252 0
611 W PATRICK ST
FREDERICK,MD21701
Total number of other employees paid over $50,000...................right arrow 25
Form 990-PF (2024)
Form 990-PF (2024)
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 167,047
7500 OLD GEORGETOWN RD 10TH FL
BETHESDA,MD20814
SCHERMAN & ASSOCIATES INC ACCOUNTING & IT FEES 119,982
1120 VERMONT AVE SUITE 900 NW
WASHINGTON,DC20005
MEDICAL BILLING SOLUTIONS LLC INSURANCE BILLING 108,000
334 S 1ST STREET
PENSACOLA,FL32507
SL STUDIO LLC PERSONAL TRAINING/WELLNESS SESSIONS 51,188
11 BYTE BYTE CT SUITE C
FREDERICK,MD21702
Total number of others receiving over $50,000 for professional services.............right arrow0
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. 6,096,036
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
70,474,941
b
Average of monthly cash balances.......................
1b
1,383,208
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
71,858,149
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
71,858,149
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,077,872
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
70,780,277
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,539,014
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.)
1
Minimum investment return from Part IX, line 6..................
1
3,539,014
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
35,965
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
3,565
c
Add lines 2a and 2b............................
2c
39,530
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,499,484
4
Recoveries of amounts treated as qualifying distributions................
4
2,500
5
Add lines 3 and 4............................
5
3,501,984
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,501,984
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,608,834
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
122,062
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,730,896
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,501,984
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,926,200
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,730,896
a Applied to 2023, but not more than line 2a 1,926,200
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 2024 distributable amount..... 804,696
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		2,697,288
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 C HERMAN
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 (2024)
Form 990-PF (2024)
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)
aPaid during the year

HOPE CONNECTIONS

10100 LAUREATE WAY
BETHESDA,MD20814 		N/A PC TO FULFILL CHARITABLE PURPOSE 2,100

MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST

1585 BROADWAY
NEW YORK,NY10036 		N/A PC TO FULFILL CHARITABLE PURPOSE 1,999,624

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 15,000

FREDERICK RESCUE MISSION INC

PO BOX 3389
FREDERICK,MD21705 		N/A PC TO FULFILL CHARITABLE PURPOSE 2,500
Total .................................right arrow 3a 2,021,724
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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
aFULL SERVICE INCOME         5,104,270
bSTEP DOWN INCOME         113,629
cINTENSIVE DIAGNOSTIC EVALUATION PROGRAM INCOME         563
dDAMAGES INCOME         3,893
eINSURANCE INCOME         1,800,969
fLEAVE OF ABSENCE INCOME         37,500
SUPPORTED LIVING SERVICE INCOME         12,600
SEMI-INDEPENDENT LIVING INCOME         21,484
IRP INCOME         20,000
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 48,386  
4 Dividends and interest from securities .... 901101 117 14 2,235,521  
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 1,117,863  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 145,966 0
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a990T REFUND 		    01 3  
bMISC INCOME     01 135  
cINSURANCE SETTLEMENT     01 98,500  
dORDINARY UBI (LOSS) THROUGH K-1S 901101 25,017 14 -25,017  
eGRANT REFUND     01 2,500  
12 Subtotal. Add columns (b), (d), and (e) .. 25,134 3,623,857 7,114,908
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,763,899
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		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)
1G AT THIS LEVEL OF CARE, THERE IS 24/7 STAFF SUPPORT AND RESIDENTS ARE GIVEN MORE FREEDOM.
1H SEMI-INDEPENDENT LEVEL CONTINUES TO ENGAGE A RESIDENT'S INDEPENDENCE WHILE ACTIVELY PARTICIPATING IN THEIR CLINICAL GOALS.
1I THIS INTENSIVE RESIDENTIAL PROGRAM PROGRAM OFFERS A CONTINUUM OF CARE WITH INTENSIVE TREATMENT AND THOUGHTFUL TRANSITION BACK INTO THE COMMUNITY.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE SYLVAN C HERMAN FOUNDATION INC
 
Employer identification number

20-3265230
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE SYLVAN C HERMAN FOUNDATION INC
  		Employer identification number
20-3265230
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WILLIAM A MARQUARD FAMILY FOUNDATION
 
715 BAKEWELL STREET
 
COVINGTON, KY41011

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE SYLVAN C HERMAN FOUNDATION INC
  		Employer identification number

20-3265230
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE SYLVAN C HERMAN FOUNDATION INC
  		Employer identification number

20-3265230
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 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 163,467 0 109,962 49,505

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

TY 2024 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 Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
GREENHOUSE 2021-05-12 672,016 64,143 SL 27.500000000000 24,437 0 24,437  
AUTOMOBILE 2021-11-23 34,775 34,775 SL 5.000000000000 0 0 0  
FURNITURE 2021-05-10 34,229 34,229 200DB 5.000000000000 0 0 0  
OVAL TABLE 2011-01-26 1,710 1,710 200DB 7.000000000000 0 0 0  
FRENCH SIDEBOARD 2011-01-26 1,433 1,433 200DB 7.000000000000 0 0 0  
NEOCLASSIC SIDE TABLE 2011-01-26 1,021 1,021 200DB 7.000000000000 0 0 0  
TENNESSEE TABLE 7 SIX CHAIRS 2011-02-26 825 825 200DB 7.000000000000 0 0 0  
ENGLANDER SONOMA-5 SET 2011-02-26 3,300 3,300 200DB 7.000000000000 0 0 0  
LANE DALTON STATIONARY SOFA 2011-02-26 1,750 1,750 200DB 7.000000000000 0 0 0  
LANE DALTON STATIONARY SOFA 2011-02-26 1,400 1,400 200DB 7.000000000000 0 0 0  
LANE SURREY ENTERTAINMENT 2011-02-26 400 400 200DB 7.000000000000 0 0 0  
LANE SURREY COCKTAIL TABLE 2011-02-26 650 650 200DB 7.000000000000 0 0 0  
LANE SURREY END TABLE 2011-02-26 500 500 200DB 7.000000000000 0 0 0  
ACME QUEEN BED COMPLETE 2011-02-26 2,750 2,750 200DB 7.000000000000 0 0 0  
HEIDI CHAIR 2011-01-26 1,312 1,312 200DB 7.000000000000 0 0 0  
HEIDI CHAIR 2011-01-26 1,312 1,312 200DB 7.000000000000 0 0 0  
ORIENTAL RUG 2011-01-26 908 908 200DB 5.000000000000 0 0 0  
COCKTAIL TABLE 2011-01-26 581 581 200DB 7.000000000000 0 0 0  
BEDSIDE TABLE 2011-01-26 428 428 200DB 7.000000000000 0 0 0  
CONTINENTAL LAMP TABLE 2011-01-26 437 437 200DB 7.000000000000 0 0 0  
CHANCELLOR SOFA 2011-01-26 4,724 4,724 200DB 7.000000000000 0 0 0  
ARM CHAIR 2011-01-26 399 399 200DB 7.000000000000 0 0 0  
ARM CHAIR 2011-01-26 399 399 200DB 7.000000000000 0 0 0  
WALL SCONCE 2011-08-04 358 358 200DB 7.000000000000 0 0 0  
MANTLE ACCESSORIES 2011-08-04 250 250 200DB 7.000000000000 0 0 0  
SILK PLANT 2011-08-04 300 300 200DB 7.000000000000 0 0 0  
WALL CABINET 2011-08-04 1,420 1,420 200DB 7.000000000000 0 0 0  
BUILT IN SHELVES ACCESSORIES 2011-08-04 300 300 200DB 7.000000000000 0 0 0  
ACME CHEST 2011-02-26 1,500 1,500 200DB 7.000000000000 0 0 0  
ACME NIGHT STAND 2011-02-26 840 840 200DB 7.000000000000 0 0 0  
ACME ARMOIRE 2011-02-26 1,550 1,550 200DB 7.000000000000 0 0 0  
LIBERTY SHEAF BACK SIDE CH 2011-02-26 1,410 1,410 200DB 7.000000000000 0 0 0  
LIMITED EDITION PRINTS #142/540 2011-06-23 1,710 1,710 200DB 7.000000000000 0 0 0  
FLORAL ARRANGMENTS 2011-08-04 600 600 200DB 7.000000000000 0 0 0  
CONSOLE TABLE 2011-08-04 579 579 200DB 7.000000000000 0 0 0  
WALL SCONCE 2011-08-04 358 358 200DB 7.000000000000 0 0 0  
FRAMED ART/LGSIDEDB 2011-08-04 295 295 200DB 7.000000000000 0 0 0  
LG SIDEBOARD ACCESSORIES 2011-08-04 400 400 200DB 7.000000000000 0 0 0  
FLORAL ARRANGEMENT 2011-08-04 250 250 200DB 7.000000000000 0 0 0  
FRAMED ART 2011-08-04 400 400 200DB 7.000000000000 0 0 0  
WALL SCONCE 2011-08-04 266 266 200DB 7.000000000000 0 0 0  
NIGHTSTAND 2011-08-04 250 250 200DB 7.000000000000 0 0 0  
LOUNGE CHAIR 2011-08-04 250 250 200DB 7.000000000000 0 0 0  
LOUNGE CHAIR 2011-08-04 1,176 1,176 200DB 7.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2011-04-13 26,855 12,416 SL 27.500000000000 977 0 977  
BUILDING IMPROVEMENTS 2011-04-13 880 407 SL 27.500000000000 32 0 32  
URNS 2011-08-29 438 438 200DB 7.000000000000 0 0 0  
CONSOLE TABLE 2011-09-07 400 400 200DB 7.000000000000 0 0 0  
MIRROR 2011-09-07 299 299 200DB 7.000000000000 0 0 0  
DINING CHAIRS 2011-09-07 260 260 200DB 7.000000000000 0 0 0  
POTTED TREE 2011-09-07 690 690 200DB 7.000000000000 0 0 0  
TABLE LAMPS 2011-09-07 600 600 200DB 7.000000000000 0 0 0  
B.I. SHOWER - 3RD FLBEDROOM 2011-09-23 2,850 2,850 200DB 5.000000000000 0 0 0  
B.I. VANITY BATH 3RD FLOOR 2011-09-23 29,503 7,724 SL 5.000000000000 5,901 0 5,901  
BUILDING IMPROVEMENTS 2011-06-23 4,850 2,208 SL 27.500000000000 176 0 176  
BUILDING IMPROVEMENTS 2011-11-01 10,468 4,620 SL 27.500000000000 381 0 381  
CHAIRS 2011-07-01 361 361 200DB 7.000000000000 0 0 0  
LANDSCAPE ENHANCEMENT WORK 2011-06-20 13,500 6,158 SL 27.500000000000 491 0 491  
BLINDS 2011-05-17 2,742 2,742 200DB 5.000000000000 0 0 0  
FURNITURE 2013-05-31 212 212 200DB 5.000000000000 0 0 0  
FURNITURE 2011-06-15 2,985 2,985 200DB 5.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2011-04-13 25,465 11,768 SL 27.500000000000 926 0 926  
ART 2011-08-29 255 255 200DB 7.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2011-09-23 28,250 12,624 SL 27.500000000000 1,027 0 1,027  
BLINDS 2011-05-17 892 892 200DB 5.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2011-11-01 2,413 1,067 SL 27.500000000000 88 0 88  
TENNESSE TABLE & 6 CHAIRS (PKG) 2011-03-18 825 825 200DB 7.000000000000 0 0 0  
SIDE CHAIRS 2011-03-18 517 517 200DB 7.000000000000 0 0 0  
TALBE 2011-03-18 307 307 200DB 7.000000000000 0 0 0  
BED 2011-03-18 1,000 1,000 200DB 7.000000000000 0 0 0  
HEADBOARDS 2011-03-18 481 481 200DB 7.000000000000 0 0 0  
FOOTBOARDS 2011-03-18 350 350 200DB 7.000000000000 0 0 0  
SONOMA 5 SET 2011-03-18 1,200 1,200 200DB 7.000000000000 0 0 0  
ENGLANDER SONOMA 2011-03-18 288 288 200DB 7.000000000000 0 0 0  
ENGLANDER SONOMA 2011-03-18 912 912 200DB 7.000000000000 0 0 0  
SOFA 2011-03-18 1,750 1,750 200DB 7.000000000000 0 0 0  
CHAIRS 2011-03-18 1,400 1,400 200DB 7.000000000000 0 0 0  
ENTERTAINMENT CONSOLE 2011-03-18 400 400 200DB 7.000000000000 0 0 0  
TABLES 2011-03-18 650 650 200DB 7.000000000000 0 0 0  
TABLES 2011-03-18 500 500 200DB 7.000000000000 0 0 0  
CHESTS 2011-03-18 600 600 200DB 7.000000000000 0 0 0  
NIGHT STAND 2011-03-18 975 975 200DB 7.000000000000 0 0 0  
ASSORTED RUGS 2011-03-16 260 260 200DB 5.000000000000 0 0 0  
ASSORTED RUGS 2011-02-28 780 780 200DB 5.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2011-09-23 26,990 12,058 SL 27.500000000000 981 0 981  
BUILDING IMPROVEMENTS 2011-09-23 26,500 11,849 SL 27.500000000000 964 0 964  
BUILDING IMPROVEMENTS 2013-11-30 71,894 26,467 SL 27.500000000000 2,614 0 2,614  
BUILDING IMPROVEMENTS 2014-05-31 126,300 44,204 SL 27.500000000000 4,593 0 4,593  
FURNITURE 2020-11-23 1,435 1,011 SL 5.000000000000 287 0 287  
AUTOMOBILE 2011-06-15 28,900   SL 5.000000000000 0 0 0  
HONDA ODYSSEY 2013-09-30 27,680 27,680 SL 5.000000000000 0 0 0  
HONDA ODYSSEY 2014-03-31 26,756 13,378 SL 5.000000000000 0 0 0  
2015 TOYOTA SIENNA 2019-03-08 18,000 18,000 SL 5.000000000000 0 0 0  
HP 620 NOTEBOOK INTEL PENTIUM 2011-04-05 1,078 1,078 200DB 5.000000000000 0 0 0  
HP 500B DESKTOP PC PENTIUM 2011-04-05 470 470 200DB 5.000000000000 0 0 0  
SONIC WALL TZ100 FIREWALL 2011-04-05 270 270 200DB 7.000000000000 0 0 0  
DELL POWEREDGE SERVER 2011-04-05 1,619 1,619 200DB 5.000000000000 0 0 0  
DELL VOSTRO LAPTOP 2011-07-07 5,880 5,880 200DB 5.000000000000 0 0 0  
DELL VOSTRO DESKTOP 2011-07-07 1,320 1,320 200DB 5.000000000000 0 0 0  
NEC DSX - 40 KEY SERVICE UNIT 2011-03-10 612 612 200DB 7.000000000000 0 0 0  
NEC DSX - 40/80/160 INTRAMAIL 2011-03-10 700 700 200DB 7.000000000000 0 0 0  
NEC DSX - 34 BUTTON BACKLIT 2011-03-10 1,985 1,985 200DB 7.000000000000 0 0 0  
DATA EQUIPMENT 2020-02-17 1,337 1,337 200DB 5.000000000000 0 0 0  
OFFICE FURNITURE 2011-06-15 7,145 7,145 200DB 7.000000000000 0 0 0  
OFFICE FURNITURE - MISC 2011-06-15 1,000 1,000 200DB 7.000000000000 0 0 0  
OFFICE FURNITURE - MISCELLANEOUS 2017-06-30 9,154 5,367 SL 5.000000000000 1,831 0 1,831  
VALUE CITY - MISC OFFICE FURNITURE 2018-11-20 940 940 200DB 5.000000000000 0 0 0  
HARBER'S FURNITURE 2019-01-30 7,535 7,101 200DB 5.000000000000 434 0 126  
FURNITURE - PIANO 2014-12-30 19,700 13,790 SL 5.000000000000 3,940 0 3,940  
FURNITURE - PIANO UPDATES 2016-08-30 3,392 2,374 SL 5.000000000000 678 0 678  
BUILDING - 107 WEST THIRD STREET 2011-06-15 645,576 294,426 SL 27.500000000000 23,475 0 23,475  
BUILDING - 14 FAIRVIEW AVE 2011-06-15 162,305 74,023 SL 27.500000000000 5,902 0 5,902  
BUILDING - 218 NORVA AVE 2011-06-27 172,266 78,542 SL 27.500000000000 6,264 0 6,264  
BUILDING IMPROVEMENTS 2016-06-01 1,853,123 508,191 SL 27.500000000000 67,386 0 67,386  
BUILDING 2016-06-01 3,418,510 1,668,529 SL 27.500000000000 124,309 0 124,309  
FURNISHINGS 2016-06-01 56,424 39,497 SL 5.000000000000 11,285 0 11,285  
FURNISHINGS 2016-06-01 169,151 118,405 SL 5.000000000000 33,830 0 33,830  
FURNISHINGS 2017-06-14 5,000 2,932 SL 5.000000000000 1,000 0 1,000  
BUILDING IMPROVEMENTS 2017-04-25 86,099 21,004 SL 27.500000000000 3,131 0 3,131  
HOUSE FURNISH. - 609-611 W PATRICK 2018-03-30 490 490 200DB 5.000000000000 0 0 0  
FURNITURE 2020-05-18 248 96 SL 5.000000000000 50 0 50  
FURNITURE 2020-03-05 860 330 SL 5.000000000000 172 0 172  
HVAC 2020-12-31 342,838   SL 5.000000000000 68,568 0 68,568  
HVAC 2021-12-31 9,844 373 SL 27.500000000000 358 0 358  
613 W PATRICK GRP HM STU - BUILDING 2018-02-28 2,906,263 620,862 SL 27.500000000000 105,682 0 105,682  
HOUSE FURNISH. 613 W PATRICK STUDIO 2018-04-30 38,660 38,660 200DB 5.000000000000 0 0 0  
HOUSE FURNISH. 613 W PATRICK STUDIO 2018-03-31 51,332 51,332 200DB 5.000000000000 0 0 0  
FURNITURE 2020-04-07 209 209 200DB 5.000000000000 0 0 0  
LAND - 107 WEST THIRD STREET 2011-06-15 156,330   L   0 0 0  
LAND - FAIRVIEW AVE 2011-06-15 142,515   L   0 0 0  
LAND - 218 NORVA 2011-06-27 92,351   L   0 0 0  
LAND - WEST PATRICK STREET 2014-04-09 457,707   L   0 0 0  
LAND - 615 W PATRICK ST 2020-06-09 250,500   L   0 0 0  
HOUSE FURNISHINGS 615W HOUSE 2022-08-01 74,993 20,496 SL 5.000000000000 14,999 0 14,999  
AED AND HEARTSMART 2022-08-01 11,928 3,160 SL 5.000000000000 2,386 0 2,386  
COMPUTERS (3) 2022-08-01 13,434 4,088 SL 5.000000000000 2,687 0 2,687  
APPLE.COM/US 2023-08-20 17,518 1,286 SL 5.000000000000 3,504 0 3,504  
NORVA KITCHEN - 1/3 DEPOSIT 2023-12-01 9,834 167 SL 5.000000000000 1,967 0 1,967  
MIDDLETOWN DRYWALL & PAIN 2023-12-20 1,200 88 SL 5.000000000000 240 0 240  
615 W PATRICK STUDIO 2023-01-01 4,019,656 146,169 SL 27.500000000000 146,169 0 146,169  
HVAC 2023-12-01 115,385   SL 5.000000000000 23,077 0 23,077  
HOUSE FURNISHINGS 611 W PATRICK HVAC FIX 2023-01-01 44,402   SL 5.000000000000 8,880 0 8,880  
CHAIRS 2024-07-09 6,141   SL 5.000000000000 592 0 4,277  
HOUSE IMPROVEMTS - NORVA 2024-11-21 50,470   SL 5.000000000000 1,134 0 31,416  
SPICHERS APPLIANCES 2024-08-20 5,336   SL 5.000000000000 392 0 3,594  
2020 HONDA ODYSSEY 2024-01-30 34,342   L 5.000000000000 0 0 0  
615W DEHUMIDIFIERS 2024-08-30 23,324   SL 5.000000000000 2,249 0 16,243  
607W & 617W EXPANSION 2024-04-01 2,449   SL 5.000000000000 0 0 1,469  

TY 2024 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 4.99% 400000 UNITS 400,108 400,108
AMGEN INC 400000 UNITS 399,992 399,992
ARCELORMITTAL SA 500000 UNITS 535,015 535,015
BANK OF NEW YORK MELLON CORP/THE 250000 UNITS 232,471 232,471
BIOGEN INC 500000 UNITS 497,160 497,160
BLOCK FINANCIAL LLC 500000 UNITS 500,440 500,440
BOEING CO/THE 400000 UNITS 362,770 362,770
BOEING CO/THE 650000 UNITS 634,312 634,312
BROADCOM INC 300000 UNITS 283,011 283,011
BROADCOM INC 500000 UNITS 488,570 488,570
CAPITAL ONE FINANCIAL CORP FXDTO 7.149% 400000 UNITS 415,092 415,092
CENTERPOINT ENERGY HOUSTON ELECTRIC LLC 400000 UNITS 391,050 391,050
CHARLES SCHWAB CORP/THE FXD TO 5.3750% (DIV) 483000 UNITS 479,981 479,981
CHENIERE ENERGY INC 400000 UNITS 391,684 391,684
CITIGROUP INC FXD TO 7.375% (DIV) 300000 UNITS 310,035 310,035
CITIGROUP INC FXD TO 7.625% (DIV) 100000 UNITS 104,183 104,183
COMCAST CORP 400000 UNITS 373,476 373,476
CONSTELLATION BRANDS INC 250000 UNITS 249,866 249,866
CONSTELLATION BRANDS INC 350000 UNITS 336,165 336,165
DELL INTERNATIONAL LLC / EMC CORP 450000 UNITS 435,483 435,483
DTE ENERGY CO 400000 UNITS 401,392 401,392
DUKE ENERGY FLORIDA LLC 500000 UNITS 520,560 520,560
DUKE ENERGY PROGRESS LLC 300000 UNITS 284,357 284,357
EASTMAN CHEMICAL CO 400000 UNITS 399,016 399,016
ELEVANCE HEALTH INC 200000 UNITS 199,952 199,952
ENERGY TRANSFER LP 250000 UNITS 246,809 246,809
ENTERGY LOUISIANA LLC 500000 UNITS 458,255 458,255
EXPEDIA GROUP INC 400000 UNITS 398,296 398,296
EXPEDIA GROUP INC 500000 UNITS 500,700 500,700
FIFTH THIRD BANCORP FXD TO 7.9942% (DIV) 200000 UNITS 199,158 199,158
FORD MOTOR CREDIT CO LLC 250000 UNITS 263,500 263,500
FORD MOTOR CREDIT CO LLC 400000 UNITS 408,946 408,946
FORD MOTOR CREDIT CO LLC 500000 UNITS 511,183 511,183
GE HEALTHCARE TECHNOLOGIES INC 400000 UNITS 414,388 414,388
GENERAL ELECTRIC CO 500000 UNITS 500,885 500,885
GENERAL MOTORS FINANCIAL CO INC 250000 UNITS 212,005 212,005
GENERAL MOTORS FINANCIAL CO INC 250000 UNITS 250,776 250,776
GENERAL MOTORS FINANCIAL CO INC 400000 UNITS 395,900 395,900
GENERAL MOTORS FINANCIAL CO INC FXD TO 6.5% (DIV) 200000 UNITS 197,244 197,244
GLOBAL PAYMENTS INC 200000 UNITS 199,338 199,338
GOLDMAN SACHS GROUP INC/THE FXD TO 7.5% (DIV) 100000 UNITS 105,468 105,468
GOLDMAN SACHS GROUP INC/THE FXD TO 7.5% (DIV) 200000 UNITS 209,036 209,036
HF SINCLAIR CORP 250000 UNITS 236,109 236,109
HYATT HOTELS CORP 250000 UNITS 250,114 250,114
JPMORGAN CHASE & CO FXD TO .4% (DIV) 300000 UNITS 296,982 296,982
KEURIG DR PEPPER INC 400000 UNITS 403,648 403,648
L3HARRIS TECHNOLOGIES INC 250000 UNITS 253,076 253,076
L3HARRIS TECHNOLOGIES INC 250000 UNITS 253,076 253,076
LENNAR CORP 250000 SHRS 249,836 249,836
LYB INTERNATIONAL FINANCE II BV 400000 UNITS 388,824 388,824
M&T BANK CORP FXD TO 4.5530% 150000 UNITS 148,389 148,389
MARRIOTT INTERNATIONAL INC/MD 300000 UNITS 293,271 293,271
MARRIOTT INTERNATIONAL INC/MD 350000 UNITS 305,802 305,802
MARRIOTT INTERNATIONAL INC/MD 400000 UNITS 395,948 395,948
MARRIOTT INTERNATIONAL INC/MD 500000 UNITS 498,125 498,125
META PLATFORMS INC 150000 UNITS 150,248 150,248
MICRON TECHNOLOGY INC 500000 UNITS 500,540 500,540
MPLX LP 350000 UNITS 344,936 344,936
MPLX LP 400000 UNTIS 393,672 393,672
OCCIDENTAL PETROLEUM CORP 450000 UNITS 451,393 451,393
ORACLE CORP 300000 UNITS 289,245 289,245
PHILLIPS 66 250000 UNITS 240,883 240,883
PHILLIPS 66 CO 500000 UNITS 496,368 496,368
PUGET SOUND ENERGY INC 250000 UNITS 263,368 263,368
SABINE PASS LIQUEFACTION LLC 250000 UNITS 252,355 252,355
SEMPRA ENERGY 500000 UNITS 504,280 504,280
SOUTHERN CALIFORNIA GAS CO 300000 UNITS 298,596 298,596
SOUTHERN CO/THE FXD TO 4.0000% 250000 UNITS 244,985 244,985
STANLEY BLACK & DECKER INC 200000 UNITS 196,820 196,820
T-MOBILE USA INC 400000 UNITS 397,780 397,780
TRUIST FINANCIAL CORP FXD TO 4.2600% 300000 UNITS 298,821 298,821
TRUIST FINANCIAL CORP FXD TO 4.873% 300000 UNITS 298,497 298,497
TRUIST FINANCIAL CORP FXD TO 4.9500% (DIV) 300000 UNITS 297,486 297,486
VIATRIS INC 600000 SHRS 590,484 590,484
WELLS FARGO & CO FXD TO 3.9000% (DIV) 250000 UNITS 242,800 242,800

TY 2024 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 459 SHRS 81,564 81,564
ABBVIE INC COM 529 SHRS 94,003 94,003
ALPHABET INC CL A 3530 SHRS 668,229 668,229
ALPHABET INC CL A 415 SHRS 78,560 78,560
ALPHABET INC CL C 4233 SHRS 806,133 806,133
AMAZON COM INC 522 SHRS 114,522 114,522
AMAZON COM INC 6220 SHRS 1,364,606 1,364,606
AMGEN INC 290 SHRS 75,586 75,586
APPLE INC 10000 SHRS 2,504,200 2,504,200
APPLE INC 482 SHRS 120,702 120,702
APPLE INC 52230.04 SHRS 13,079,448 13,079,448
BERKSHIRE HATHAWAY CL-B NEW 173 SHRS 78,417 78,417
BERKSHIRE HATHAWAY CL-B NEW 2022 SHRS 916,532 916,532
BLACKROCK INC 75 SHRS 76,883 76,883
BLACKSTONE INC 1783 SHRS 307,425 307,425
BLACKSTONE INC 628 SHRS 108,280 108,280
BROADCOM INC 440 SHRS 102,010 102,010
CHENIERE ENERGY INC NEW 370 SHRS 79,502 79,502
CHENIERE ENERGY INC NEW 846 SHRS 181,780 181,780
CHEVRON CORP 1152 SHRS 166,856 166,856
CHEVRON CORP 514 SHRS 74,448 74,448
COCA COLA CO 1246 SHRS 77,576 77,576
CUMMINS INC 214 SHRS 74,600 74,600
CUMMINS INC 449 SHRS 156,521 156,521
DELL TECHNOLOGIES INC CL C 1386 SHRS 159,723 159,723
DELL TECHNOLOGIES INC CL C 667 SHRS 76,865 76,865
EATON CORP PLC SHS 221 SHRS 73,343 73,343
EATON CORP PLC SHS 417 SHRS 138,390 138,390
EXXON MOBIL CORP 711 SHRS 76,482 76,482
FISERV INC 388 SHRS 79,703 79,703
FREEPORT-MCMORAN CL-B 1891 SHRS 72,009 72,009
FREEPORT-MCMORAN CL-B 4067 SHRS 154,871 154,871
GENL DYNAMICS CORP 302 SHRS 79,574 79,574
GENL DYNAMICS CORP 421 SHRS 110,929 110,929
GILEAD SCIENCE 6129 SHRS 566,136 566,136
GILEAD SCIENCE 868 SHRS 80,177 80,177
INTL BUSINESS MACHINES CORP 343 SHRS 75,402 75,402
JOHNSON & JOHNSON 544 SHRS 78,673 78,673
JPMORGAN CHASE & CO 329 SHRS 78,865 78,865
LAZARD GLB LSTD INFR PTF INST 15261.92 SHRS 238,544 238,544
LAZARD GLB LSTD INFR PTF INST 48798.3 SHRS 762,717 762,717
LOCKHEED MARTIN CORP 160 SHRS 77,750 77,750
MC DONALDS CORP 268 SHRS 77,691 77,691
MERCK & CO INC NEW COM 1277 SHRS 127,036 127,036
MERCK & CO INC NEW COM 786 SHRS 78,191 78,191
METLIFE INCORPORATED 956 SHRS 78,277 78,277
MICROSOFT CORP 1074 SHRS 452,691 452,691
MICROSOFT CORP 266 SHRS 112,119 112,119
MONDELEZ INTL INC COM 1270 SHRS 75,857 75,857
NEXTERA ENERGY INC 1086 SHRS 77,855 77,855
NVIDIA CORPORATION 1150 SHRS 154,434 154,434
OCCIDENTAL PETROLEUM CORP DE 1651 SHRS 81,576 81,576
OCCIDENTAL PETROLEUM CORP DE 3918 SHRS 193,588 193,588
PROCTER & GAMBLE 465 SHRS 77,957 77,957
REPUBLIC SERVICES INC 378 SHRS 76,046 76,046
RTX CORPORATION 685 SHRS 79,268 79,268
T-MOBILE US INC COM 341 SHRS 75,269 75,269
TRANE TECHNOLOGIES PLC 199 SHRS 73,501 73,501
TRANE TECHNOLOGIES PLC 241 SHRS 89,013 89,013
U S BANCORP COM NEW 1557 SHRS 74,471 74,471
U S BANCORP COM NEW 2004 SHRS 95,851 95,851
UNITEDHEALTH GP INC 154 SHRS 77,902 77,902
UNITEDHEALTH GP INC 160 SHRS 80,938 80,938
WALMART INC 7184 SHRS 649,074 649,074
WALMART INC 848 SHRS 76,617 76,617
WALT DISNEY CO HLDG CO 1541 SHRS 171,590 171,590
WALT DISNEY CO HLDG CO 693 SHRS 77,166 77,166

TY 2024 InvestmentsGovtObligationsSch
Name:
THE SYLVAN C HERMAN FOUNDATION INC
EIN:
20-3265230
US Government Securities - End of Year Book Value:

2,193,071
US Government Securities - End of Year Fair Market Value:

2,193,071
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 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
BLACKSTONE - BXPE (TE) FMV 1,663,104 1,663,104
CIP IX - F FUND, L.P. FMV 267,306 267,306
FORTRESS LENDING FUND IIIA FMV 762,251 762,251
FT-PREFERRED SECUR & INC ETF 20179 SHRS FMV 357,168 357,168
INVESCO S&P 500 EQUAL WEIGHT E 13522 SHRS FMV 2,369,460 2,369,460
INVESCO S&P 500 EQUAL WEIGHT E 870 SHRS FMV 152,450 152,450
JPMORGAN EQUITY PREMIUM INCO 3343 SHRS FMV 192,323 192,323
NH CAP PTRS VIII WM OFF FMV 106,608 106,608
NH NET REIT - CLASS F-S FMV 259,595 259,595
PE PREMIER BLACKSTONE BTO IV FMV 1,162,879 1,162,879
PIONEER MLTI AST ULT SHT INC Y 99167.63 SHRS FMV 958,951 958,951
PREMIER LCP X OFFSHORE FMV 1,083,684 1,083,684
PRIVATE ADV SMALL COMPANY BUYOUT FUND V FMV 199,601 199,601
VANGUARD CONSM STPLES ET ETF 13469 SHRS FMV 2,847,077 2,847,077
VANGUARD HEALTH CARE ETF 8718 SHRS FMV 2,211,669 2,211,669
VANGUARD UTILITIES ETF 7104 SHRS FMV 1,160,936 1,160,936

TY 2024 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 88,580 583,436 583,436
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
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
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 13,393 13,462 13,462
BUILDING IMPROVEMENTS 880 439 441 441
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 13,625 15,878 15,878
BUILDING IMPROVEMENTS 4,850 2,384 2,466 2,466
BUILDING IMPROVEMENTS 10,468 5,001 5,467 5,467
CHAIRS 361 361 0 0
LANDSCAPE ENHANCEMENT WORK 13,500 6,649 6,851 6,851
BLINDS 2,742 2,742 0 0
FURNITURE 212 212 0 0
FURNITURE 2,985 2,985 0 0
BUILDING IMPROVEMENTS 25,465 12,694 12,771 12,771
ART 255 255 0 0
BUILDING IMPROVEMENTS 28,250 13,651 14,599 14,599
BLINDS 892 892 0 0
BUILDING IMPROVEMENTS 2,413 1,155 1,258 1,258
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 13,039 13,951 13,951
BUILDING IMPROVEMENTS 26,500 12,813 13,687 13,687
BUILDING IMPROVEMENTS 71,894 29,081 42,813 42,813
BUILDING IMPROVEMENTS 126,300 48,797 77,503 77,503
FURNITURE 1,435 1,298 137 137
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 7,198 1,956 1,956
VALUE CITY - MISC OFFICE FURNITURE 940 940 0 0
HARBER'S FURNITURE 7,535 7,535 0 0
FURNITURE - PIANO 19,700 17,730 1,970 1,970
FURNITURE - PIANO UPDATES 3,392 3,052 340 340
BUILDING - 107 WEST THIRD STREET 645,576 317,901 327,675 327,675
BUILDING - 14 FAIRVIEW AVE 162,305 79,925 82,380 82,380
BUILDING - 218 NORVA AVE 172,266 84,806 87,460 87,460
BUILDING IMPROVEMENTS 1,853,123 575,577 1,277,546 1,277,546
BUILDING 3,418,510 1,792,838 1,625,672 1,625,672
FURNISHINGS 56,424 50,782 5,642 5,642
FURNISHINGS 169,151 152,235 16,916 16,916
FURNISHINGS 5,000 3,932 1,068 1,068
BUILDING IMPROVEMENTS 86,099 24,135 61,964 61,964
HOUSE FURNISH. - 609-611 W PATRICK 490 490 0 0
FURNITURE 248 146 102 102
FURNITURE 860 502 358 358
HVAC 342,838 68,568 274,270 274,270
HVAC 9,844 731 9,113 9,113
613 W PATRICK GRP HM STU - BUILDING 2,906,263 726,544 2,179,719 2,179,719
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 35,495 39,498 39,498
AED AND HEARTSMART 11,928 5,546 6,382 6,382
COMPUTERS (3) 13,434 6,775 6,659 6,659
APPLE.COM/US 17,518 4,790 12,728 12,728
NORVA KITCHEN - 1/3 DEPOSIT 9,834 2,134 7,700 7,700
MIDDLETOWN DRYWALL & PAIN 1,200 328 872 872
615 W PATRICK STUDIO 4,019,656 292,338 3,727,318 3,727,318
HVAC 115,385 23,077 92,308 92,308
HOUSE FURNISHINGS 611 W PATRICK HVAC FIX 44,402 8,880 35,522 35,522
CHAIRS 6,141 592 5,549 5,549
HOUSE IMPROVEMTS - NORVA 50,470 1,134 49,336 49,336
SPICHERS APPLIANCES 5,336 392 4,944 4,944
2020 HONDA ODYSSEY 34,342 0 34,342 34,342
615W DEHUMIDIFIERS 23,324 2,249 21,075 21,075
607W & 617W EXPANSION 2,449 0 2,449 2,449


TY 2024 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 15,279 0 4,458 10,821


TY 2024 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
ACCRUED INTEREST AND DIVIDENDS 317,777 328,699 328,699
BUILDING PURCHASE DEPOSIT   230,000 230,000


TY 2024 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 90,112 0 90,112 0
COMPUTERS 16,958 0 16,958 0
OFFICE EXPENSES AND SUPPLIES 144,868 0 144,020 848
PATIENT SERVICES 137,940 0 137,940 0
RECRUITING 33,726 0 33,726 0
UTILITIES 96,889 0 96,889 0
INSURANCE 583,808 0 530,979 52,829
PENALTIES 144 0 0 144
DUES & MEMBERSHIPS 4,627 0 4,627 0
PARTNERSHIP EXPENSES 0 61,028 0 0


TY 2024 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 0 136,136  
PE PREMIER BLKSTONE 54,629 54,629  
PREMIER LCP X OFFSHORE 58,542 58,542  
PA SMALLCO BUYOUT V 851,031 0  
FORTRESS LENDING FUND IIIA CPV 88,769 0  
PARTNERSHIP INCOME 64,892 0  
FULL SERVICE INCOME 5,104,270   5,104,270
STEP DOWN INCOME 113,629   113,629
INTENSIVE DIAGNOSTIC EVALUATION PROGRAM INCOME 563   563
DAMAGES INCOME 3,893   3,893
INSURANCE INCOME 1,800,969   1,800,969
LEAVE OF ABSENCE INCOME 37,500   37,500
SUPPORTED LIVING SERVICE INCOME 12,600   12,600
SEMI-INDEPENDENT LIVING INCOME 21,484   21,484
IRP INCOME 20,000   20,000
990T REFUND 3   3
MISC INCOME 135   135
INSURANCE SETTLEMENT 98,500   98,500
GRANT REFUND 2,500   2,500


TY 2024 OtherIncreasesSchedule
Name:
THE SYLVAN C HERMAN FOUNDATION INC
EIN:
20-3265230
Description Amount
REALIZED GAIN FROM DONATION OF INVESTMENTS TO GRANTEE 109,727
UNREALIZED GAIN ON INVESTMENTS 5,253,373


TY 2024 OtherLiabilitiesSchedule
Name:
THE SYLVAN C HERMAN FOUNDATION INC
EIN:
20-3265230
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 40,800 38,500


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SYLVAN C HERMAN FOUNDATION INC
EIN:
20-3265230
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING CONTRACTOR 31,566 0 31,566 0
INSURANCE RESIDENTIAL CONSULTANT 108,000 0 108,000 0
INVESTMENT MANAGEMENT FEES 173,084 173,084 0 0


TY 2024 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 71,684 0 0 0
PROPERTY AND REAL ESTATE TAXES 2,997 0 817 2,180
FOREIGN TAXES WITHHELD 0 645 0 0