Frank And Helen@hermann Foundation Inc
- Assets
- $796.0k
- Revenue
- $24.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Middle Village, NY
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 11-3618580
Organization Overview
Frank And Helen@hermann Foundation Inc is located in Middle Village, NY. The organization was established in 2001. 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. Frank And Helen@hermann 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 12/2023, Frank And Helen@hermann Foundation Inc generated $24.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATION AND SELECTION FROM EDUCATIONAL INSTITUTIONS FOR SCHOLARSHIPS AND/OR TRAINING IN THE INSTITUTION'S MUSICAL ARTS PROGRAMS. SCHOLARSHPS FUNDED AS THE MANNES SCHOOL AND THE PAUL EFFMAN MUSIC PROGRAM AND FUNDING FOR NEEDY MUSICAL STUDENTS THROUGH THE HARMONY PROGRAM
EVALUATION AND SELECTION OF APPLICATIONS FOR MUSICAL PERFORMANCES BY STUDENTS/ARTISTS OF THE VIOLIN/VIOLA AND/OR OTHER MUSICAL INSTRUMENTS. SUCH ACTVITIES PROVIDED BY FUNDING TO THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $24,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,350 |
| Total operating and administrative expenses | $12,954 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $40,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,149 |
| Savings and temporary cash investments | $119 |
| 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 | $788,714 |
| Total assets | $795,982 |
| 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, Frank And Helen@hermann Foundation Inc has awarded $27,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PAUL EFFERMAN MUSIC PURPOSE: TUITION FOR 2023/24 MUSIC INSTRUCTION FOR STUDENTS STUDYING VIOLIN AT HOLY NAME OF MARY SCHOOL | $5,000 |
MANNES SCHOOL OF MUSIC PURPOSE: TUITION FOR VIOLIN STUDENTS AT THE MANNES SCHOOL. | $7,500 |
LINCOLN CENTER CHAMBER MUSIC SOCIETY PURPOSE: EDUCATION PROGRAMS FOR K-12 AT CHAMBER MUSIC SOCIETY | $7,500 |
HARMONY PROGRAM PURPOSE: EDUCATION PROGRAMS FOR VIOLIN HARMONY PROGRAM | $7,500 |