Herbst Family Foundation Inc
- Assets
- $5.0m
- Revenue
- $455.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- West Babylon, NY
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 11-3405415
Organization Overview
Herbst Family Foundation Inc is located in West Babylon, NY. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herbst Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Herbst Family Foundation Inc generated $455.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $230.5k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbst Family Foundation Inc has awarded 54 individual grants totaling $1,487,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAVE A 77,000.00 CONTRIBUTION TO AMERICAN COMMITTEE OF SH AAREZEDEK
GAVE A 77,000.00 CONTRIBUTION TO HADASSAH THE WOMENS ZION OF AMERICA INC.
GAVE A 32,000.00 CONTRIBUTION TO UJA - FEDERATION OF NY
GAVE AN 20,000.00 CONTRIBUTION TO MEMORIAL SLOAN KETTERING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,725 |
| Dividends & Interest | $153,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,464 |
| Capital Gain Net Income | $167,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $824 |
| Total Revenue | $455,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $4,482 |
| Contributions, gifts, grants paid | $226,000 |
| Total expenses and disbursements | $230,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,043,354 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herbst Family Foundation Inc has awarded $226,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR THE GENERAL PURPOSE OF THE ORGAN | $77,000 |
HADASSAH THE WOMEN'S ZIONIST ORG OF PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $77,000 |
UJA FEDERATION NEW YORK PURPOSE: FOR THE GENERAL PURPOSES OF THR ORGA | $32,000 |
MEMORIAL SLOAN KETTERING CANCER CTR PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $20,000 |
Defiance, OH PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $10,000 |
NATIONAL ASSOCIATION OF THE ASPCA PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |