The Herrin Family Foundation
- Assets
- $0.0
- Revenue
- $13.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Shamong, NJ
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 23-2954135
Organization Overview
The Herrin Family Foundation is located in Shamong, NJ. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2020, Herrin Family Foundation generated $13.6k 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 (45.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Herrin Family Foundation has awarded 99 individual grants totaling $1,693,536. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melva J Herrin Trustee | 1 | $0 | |
Dena R Herrin Trustee | 1 | $0 | |
Scott Herrin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,609 |
| 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 | $13,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,531 |
| Contributions, gifts, grants paid | $1,264,554 |
| Total expenses and disbursements | $1,266,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $332 |
| 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 | -$10,332 |
| Total assets | $0 |
| 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, The Herrin Family Foundation has awarded $1,274,886 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE V FOUNDATION FOR CANCER RESEARCH PURPOSE: NO SPECIFICDESIGNATION | $180 |
CONGREGATION RODEPH SHALOM PURPOSE: NO SPECIFICDESIGNATION | $8,715 |
PENN OVARIAN CANCER RESEARCH CTR PURPOSE: NO SPECIFICDESIGNATION | $5,000 |
JACOB A KAMENS MEMORIAL FUND PURPOSE: NO SPECIFICDESIGNATION | $5,000 |
CHARLES SCHWAB DONOR ADVISED FUND PURPOSE: NO DESIGNATEDPURPOSE | $5,166 |
CHARLES SCHWAB DONOR ADVISED FUND PURPOSE: NO SPECIFICDESIGNATION | $622,829 |