Richard And Ethel Herzfeld Foundation Inc is located in Milwaukee, WI. The organization was established in 1974. 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. Richard And Ethel Herzfeld 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 12/2021, Richard And Ethel Herzfeld Foundation Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard And Ethel Herzfeld Foundation Inc has awarded 575 individual grants totaling $36,077,569. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carmen Haberman President | 40 | $167,000 | |
Fred Haberman Treasurer | 2 | $10,600 | |
Sarah Haberman Director | 2 | $10,600 | |
Donna Baumgartner Director | 2 | $10,000 | |
Katherine A Heil Director | 2 | $10,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $1,203,968 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $6,289,702 |
Capital Gain Net Income | $6,289,702 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $49,465 |
Total Revenue | $7,543,135 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $208,200 |
Other employee salaries and wages | $145,000 |
Pension plans, employee benefits | $38,127 |
Interest | $0 |
Taxes | $124,909 |
Depreciation | $0 |
Occupancy | $55,930 |
Travel, conferences, and meetings | $95 |
Printing and publications | $0 |
Other expenses | $35,927 |
Total operating and administrative expenses | $798,988 |
Contributions, gifts, grants paid | $3,260,400 |
Total expenses and disbursements | $4,059,388 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $163,254 |
Savings and temporary cash investments | $4,788,954 |
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 | $6,896,992 |
Net Land, buildings, and equipment | $0 |
Other assets | $26,125 |
Total assets | $88,729,813 |
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 |
Over the last fiscal year, Richard And Ethel Herzfeld Foundation Inc has awarded $3,260,400 in support to 69 organizations.
Grant Recipient | Amount |
---|---|
Milwaukee, WI PURPOSE: EDUCATION - CAPITAL SUPPORT: PREPARATION OF EARLY LEARNING ACADEMY FOR APRIL 2021 OCCUPANCY | $300,000 |
Milwaukee, WI PURPOSE: ARTS AND CULTURE - 21-22 GENERAL OPERATIONS | $172,000 |
Milwaukee, WI PURPOSE: ARTS AND CULTURE - 21-22 GENERAL OPERATIONS | $155,000 |
MILWAUKEE FILM INC PURPOSE: ARTS AND CULTURE - GENERAL OPERATIONS | $151,500 |
Milwaukee, WI PURPOSE: ARTS AND CULTURE - $100K GENERAL OPERATIONS, $25K RESEARCH PROJECT | $125,000 |
Milwaukee, WI PURPOSE: ARTS AND CULTURE - HERZFELD PHOTOGRAPHY CENTER PROGRAMMING AND ACQUISITION | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |