Herman Goldman Foundation Inc
- Assets
- $14.0m
- Revenue
- $820.1k
- Investments
- $12.1m
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 04/1944
- Data as of
- 02/2023
- EIN
- 13-6066039
Organization Overview
Herman Goldman Foundation Inc is located in Fairfield, CT. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Herman Goldman 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 02/2023, Herman Goldman Foundation Inc generated $820.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.4m during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herman Goldman Foundation Inc has awarded 12 individual grants totaling $3,029,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mel P Barkan Director | 1 | $0 | |
David A Brauner Vice President & Director | 1 | $0 | |
Michael J Clain Imm Past Pres & Director | 1 | $0 | |
Charles A Damato Director | 1 | $0 | |
John Hf Enteman Director | 1 | $0 | |
Donald Gibson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $541,890 |
| Capital Gain Net Income | $541,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $820,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,000 |
| Other employee salaries and wages | $211,416 |
| Pension plans, employee benefits | $18,470 |
| Interest | $0 |
| Taxes | $12,913 |
| Depreciation | $0 |
| Occupancy | $41,997 |
| Travel, conferences, and meetings | $1,382 |
| Printing and publications | $0 |
| Other expenses | $62,895 |
| Total operating and administrative expenses | $636,008 |
| Contributions, gifts, grants paid | $737,500 |
| Total expenses and disbursements | $1,373,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,693 |
| Savings and temporary cash investments | $1,136,278 |
| 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 | $12,085,822 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $705,719 |
| Total assets | $14,011,512 |
| Accounts payable and accrued expenses | $104,072 |
| Grants payable | $290,800 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,687 |
| Total liabilities | $413,559 |
Grants Awarded
Over the last fiscal year, Herman Goldman Foundation Inc has awarded $757,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
2 SCHEDULE ATTACHED AUTHORIZED DURING FYE 22823 PURPOSE: ARTS EDUCATION HEALTH JUSTICE WELFARE | $737,500 |
3 SCHEDULE ATTACHED PAYABLE AS AT 22822 PURPOSE: ARTS EDUCATION HEALTH JUSTICE WELFARE | $310,500 |
3 SCHEDULE ATTACHED PAYABLE AS AT 22823 PURPOSE: ARTS EDUCATION HEALTH JUSTICE WELFARE | -$290,800 |