Herdrich 1985 Charitable Trust
- Assets
- $5.5m
- Revenue
- $450.1k
- Investments
- $5.4m
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- Data as of
- 11/2018
- EIN
- 13-6855419
Organization Overview
Herdrich 1985 Charitable Trust is located in Bloomington, IN.
For the year ending 11/2018, Herdrich 1985 Charitable Trust generated $450.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.3%) each year. All expenses for the organization totaled $2.4m during the year ending 11/2018. 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
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER IRC 501(C)(3).
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,450 |
| Interest on Savings | $41,683 |
| Dividends & Interest | $132,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $268,346 |
| Capital Gain Net Income | $268,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $450,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155 |
| Total operating and administrative expenses | $12,573 |
| Contributions, gifts, grants paid | $2,359,900 |
| Total expenses and disbursements | $2,372,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,605 |
| 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 | $2,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,515,095 |
| 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, Herdrich 1985 Charitable Trust has awarded $2,359,900 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THE PARTNERSHIP FOR INNER CITY EDUCATION PURPOSE: CHARITABLE DONATION | $1,000,000 |
MAYO FOUNDATION PURPOSE: CHARITABLE DONATION | $750,000 |
Milwaukee, WI PURPOSE: CHARITABLE DONATION | $250,000 |
SACRED HEART SCHOOL PURPOSE: CHARITABLE DONATION | $50,000 |
ARRUPE COLLEGE OF LOYOLA UNIVERSITY PURPOSE: CHARITABLE DONATION | $50,000 |
Chicago, IL PURPOSE: CHARITABLE DONATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |