Hertog Foundation Inc
- Assets
- $12.2m
- Revenue
- $1.7m
- Investments
- $11.3m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 07/2008
- Data as of
- 02/2022
- EIN
- 26-2002295
Organization Overview
Hertog Foundation Inc is located in West Palm Beach, FL. The organization was established in 2008. 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. Hertog 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 02/2022, Hertog Foundation Inc generated $1.7m 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 (43.0%) each year. All expenses for the organization totaled $3.7m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hertog Foundation Inc has awarded 18 individual grants totaling $3,472,470. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE EXPENSES ARE FOR EDUCATIONAL PROGRAMS ON POLITICAL THOUGHT & PHILOSOPHY, WAR & FOREIGN AFFAIRS, AND ECONOMICS & DOMESTIC POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Miller Program Director | 40 | $181,410 | |
Melanie Chakmakjian Executive Assistant | 40 | $136,872 | |
James Mcgovern Assistant | 40 | $96,835 | |
Anna Bareika Executive Assistant | 40 | $72,835 | |
Mary Elizabeth Halper Associate Director | 40 | $48,542 | |
Roger Hertog Director, President & Trea | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $119 |
| Dividends & Interest | $202,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $490,092 |
| Capital Gain Net Income | $490,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $75,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,693,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $761,832 |
| Pension plans, employee benefits | $19,152 |
| Interest | $0 |
| Taxes | $5,291 |
| Depreciation | $26,502 |
| Occupancy | $668,845 |
| Travel, conferences, and meetings | $16,681 |
| Printing and publications | $0 |
| Other expenses | $517,538 |
| Total operating and administrative expenses | $2,114,954 |
| Contributions, gifts, grants paid | $1,552,470 |
| Total expenses and disbursements | $3,667,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $664,168 |
| 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 | $64,790 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $108,266 |
| Other assets | $11,876 |
| Total assets | $12,197,936 |
| Accounts payable and accrued expenses | $886 |
| 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 | $5,849 |
| Total liabilities | $6,735 |
Grants Awarded
Over the last fiscal year, Hertog Foundation Inc has awarded $1,552,470 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT JEWISH EDUCATIONAL PROGRAMS, PUBLICATIONS, AND FELLOWSHIPS | $500,000 |
New York, NY PURPOSE: SUPPORT CLINICAL AND MEDICAL RESEARCH | $250,000 |
FRIENDS OF IR DAVID PURPOSE: SUPPORT ISRAELI ARCHEOLOGY | $200,000 |
WEILL CORNELL MEDICAL COLLEGE PURPOSE: SUPPORT CLINICAL AND MEDICAL RESEARCH | $200,000 |
FEDERALIST SOCIETY PURPOSE: SUPPORT PUBLIC POLICY ISSUES | $200,000 |
SUCCESS ACADEMY CHARTER SCHOOLS PURPOSE: SUPPORT EDUCATIONAL OPPORTUNITIES | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |