The M S Hershey Foundation
- Assets
- $64.7m
- Revenue
- $17.2m
- Investments
- $27.5m
- Employees
- 179
- Location
- Hershey, PA
- Founding
- 07/1966
- Data as of
- 12/2021
- EIN
- 23-6242734
Organization Overview
The M S Hershey Foundation is located in Hershey, PA. The organization was established in 1966. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, M S Hershey Foundation employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M S Hershey Foundation 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 12/2021, M S Hershey Foundation generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA.
Describe the Organization's Program Activity:
SEE SCHEDULE O - HERSHEY THEATRE
SEE SCHEDULE O - THE HERSHEY STORY MUSEUM
SEE SCHEDULE O - HERSHEY GARDENS
HERSHEY COMMUNITY ARCHIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Beck Assoc. Exec. Dir./treas | Officer | 45 | $152,000 |
Donald Papson Executive Director | Officer | 45 | $135,192 |
Hershey Trust Company Institutional Trustee | 0 | $1,000 | |
Steven Sparks ESQ Secretary | Officer | 5 | $0 |
Carol Danz Assistant Secretary | Officer | 1 | $0 |
M Diane Koken Manager | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hershey Entertainment Resorts Com Theatre Mgmt Svcs | 12/30/21 | $502,608 |
Allied Maintenance Systems Inc Cleaning Svcs | 12/30/21 | $136,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $51,000 |
| Government grants | $5,529,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $677,088 |
| Noncash contributions included in lines 1a–1f | $81,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,257,810 |
| Total Program Service Revenue | $5,188,477 |
| Investment income | $944,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,128 |
| Net Gain/Loss on Asset Sales | $3,925,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $614,093 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,201,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,192 |
| Compensation of current officers, directors, key employees. | $263,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,986,694 |
| Pension plan accruals and contributions | $116,460 |
| Other employee benefits | $361,097 |
| Payroll taxes | $223,085 |
| Fees for services: Management | $554,464 |
| Fees for services: Legal | $57,074 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,442 |
| Office expenses | $35,154 |
| Information technology | $85,864 |
| Royalties | $0 |
| Occupancy | $593,840 |
| Travel | $673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,100 |
| Interest | $348,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,889,286 |
| Insurance | $168,501 |
| All other expenses | $337,484 |
| Total functional expenses | $9,079,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,717,909 |
| Savings and temporary cash investments | $229,933 |
| Pledges and grants receivable | $180,800 |
| Accounts receivable, net | $3,228,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $117,590 |
| Prepaid expenses and deferred charges | $110,628 |
| Net Land, buildings, and equipment | $14,363,744 |
| Investments—publicly traded securities | $13,223,070 |
| Investments—other securities | $27,517,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,689,691 |
| Accounts payable and accrued expenses | $600,939 |
| Grants payable | $0 |
| Deferred revenue | $4,348,631 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,919,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,476,487 |
| Total liabilities | $19,345,403 |
| Net assets without donor restrictions | $7,221,823 |
| Net assets with donor restrictions | $38,122,465 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,689,691 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The M S Hershey Foundation has recieved totaling $7,033.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
| Beg. Balance | $34,709,684 |
| Earnings | $2,861,069 |
| Net Contributions | $593,947 |
| Other Expense | $42,235 |
| Ending Balance | $38,122,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |