David M Hermann Foundation Inc
- Assets
- $213.9k
- Revenue
- $8.2k
- Investments
- $201.5k
- Employees
- 0
- Location
- Sandy Springs, GA
- Founding
- 10/2003
- Data as of
- 09/2023
- EIN
- 20-0265655
Organization Overview
David M Hermann Foundation Inc is located in Sandy Springs, GA. The organization was established in 2003. 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 itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. David M 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 09/2023, David M Hermann Foundation Inc generated $8.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $41.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David M Hermann Foundation Inc has awarded 16 individual grants totaling $310,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,506 |
| Capital Gain Net Income | $3,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,808 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $41,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518 |
| Savings and temporary cash investments | $11,866 |
| 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 | $66,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $213,888 |
| 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, David M Hermann Foundation Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CARRIE STEELE-PITTS HOME INC PURPOSE: GRANT FOR TUTORIAL SERVICES | $20,000 |
LAMP MINISTRIES INC PURPOSE: MISCELLANEOUS SERVICES | $20,000 |