Hersey Foundation
- Assets
- $23.9m
- Revenue
- -$674.2k
- Investments
- $23.3m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 23-7001771
Organization Overview
Hersey Foundation is located in St Paul, MN. The organization was established in 1969. 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 independent organization and not affiliated with a larger national or regional group of organizations. Hersey Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Hersey Foundation has awarded 41 individual grants totaling $4,651,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Hamm Jr President & Director | 0 | $0 | |
Shannon Hamm Vp, Treasurer & Director | 0 | $0 | |
Katherine A Haskins Secretary & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,910 |
| Dividends & Interest | $398,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,105,929 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$674,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $343 |
| Total operating and administrative expenses | $151,856 |
| Contributions, gifts, grants paid | $1,651,000 |
| Total expenses and disbursements | $1,802,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,422 |
| Savings and temporary cash investments | $505,664 |
| 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 | $15,477 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,861,428 |
| 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, Hersey Foundation has awarded $1,651,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: GENERAL FUND - EDUCATIONAL PURPOSES | $50,000 |
HAMM CLINIC PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $600,000 |
ST FELIX CHURCH PURPOSE: GENERAL FUND - RELIGIOUS ACTIVITIES | $1,000 |
CONSERVATION INTERNATIONAL PURPOSE: GENERAL FUND - EDUCATIONAL PURPOSES | $1,000,000 |