Sylvan C Herman Foundation Inc
- Assets
- $0.0
- Revenue
- $6.7m
- Investments
- $34.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2005
- Data as of
- 12/2020
- EIN
- 20-3265230
Organization Overview
Sylvan C Herman Foundation Inc is located in Washington, DC. The organization was established in 2005. 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. Sylvan C Herman 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 12/2020, Sylvan C Herman Foundation Inc generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $5.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sylvan C Herman Foundation Inc has awarded 29 individual grants totaling $2,903,973. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SYLVAN C. HERMAN FOUNDATION, INC. (THE "FOUNDATION") WAS FORMED FOR THE PURPOSE OF PROVIDING RESIDENTIAL THERAPEUTIC TREATMENT AND REHABILITATION SERVICES FOR ADULTS SUFFERING FROM MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Knable Director | 1 | $0 | |
Dr Michael Brown Psychiatrist | 32 | $177,624 | |
Caroline Cantrell Director | 1 | $0 | |
Jason Moehringer Clinical Director | 40 | $119,258 | |
Aaron Vandermeer Program Director | 40 | $104,725 | |
Sylvan C Herman Director/president | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $161,887 |
| Dividends & Interest | $225,229 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,308,085 |
| Total Revenue | $6,659,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $744,760 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,435 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,272,975 |
| Contributions, gifts, grants paid | $602,562 |
| Total expenses and disbursements | $5,875,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,108,211 |
| Investments—mortgage loans | $0 |
| Investments—other | $960,289 |
| Other assets | $530,092 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $34,500 |
Grants Awarded
Over the last fiscal year, Sylvan C Herman Foundation Inc has awarded $161,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: TO FULFILL CHARITABLE PURPOSE | $100,000 |
Washington, DC PURPOSE: TO FULFILL CHARITABLE PURPOSE | $25,000 |
Potomac, MD PURPOSE: TO FULFILL CHARITABLE PURPOSE | $15,000 |
CATOCTIN AFFAIR SPONSORSHIP PURPOSE: TO FULFILL CHARITABLE PURPOSE | $10,000 |
Frederick, MD PURPOSE: TO FULFILL CHARITABLE PURPOSE | $6,250 |
NATIONAL CONCERT BAND PURPOSE: TO FULFILL CHARITABLE PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |