Victor Herbert Foundation Inc
- Assets
- $2.5m
- Revenue
- $108.2k
- Investments
- $2.5m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 12/1969
- Data as of
- 04/2024
- EIN
- 23-7044623
Organization Overview
Victor Herbert Foundation Inc is located in Newton, MA. 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. Victor Herbert 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 04/2024, Victor Herbert Foundation Inc generated $108.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $207.0k during the year ending 04/2024. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Victor Herbert Foundation Inc has awarded 98 individual grants totaling $909,694. 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 |
|---|---|---|---|
Carolyn Jacoby Gabbay President/director | 2 | $0 | |
Jonathan A Jacoby Treasurer/director | 0.5 | $0 | |
Philip D Jacoby Secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $111,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,338 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,699 |
| Total Revenue | $108,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $20,767 |
| Contributions, gifts, grants paid | $186,212 |
| Total expenses and disbursements | $206,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,154 |
| 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 | $354,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,167 |
| Total assets | $2,533,389 |
| 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, Victor Herbert Foundation Inc has awarded $186,212 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
2LIFE COMMUNITIES PURPOSE: TO SUPPORT THE ORGANIZATION | $5,000 |
AMERICAN MUSICAL PRODUCTIONS PURPOSE: TO SUPPORT THE ORGANIZATION | $5,000 |
CENTRAL PARK CONSERVANCY PURPOSE: TO SUPPORT THE ORGANIZATION | $350 |
CITY MUSIC CLEVELAND CHAMBER ORCHESTRA PURPOSE: TO SUPPORT THE ORGANIZATION | $5,000 |
COLUMBIA LAW SCHOOL PURPOSE: TO SUPPORT THE ORGANIZATION | $25,000 |
LYRIC THEATRE OF SAN JOSE PURPOSE: TO SUPPORT THE ORGANIZATION | $3,712 |