Laurence E Herman Family Foundation
- Assets
- $2.5m
- Revenue
- $58.4k
- Investments
- $2.5m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-2387412
Organization Overview
Laurence E Herman Family Foundation is located in Oak Brook, IL. 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. Laurence E Herman Family 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 12/2023, Laurence E Herman Family Foundation generated $58.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $147.9k during the year ending 12/2023. While expenses have increased by 2.9% 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, Laurence E Herman Family Foundation has awarded 152 individual grants totaling $967,150. 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 |
|---|---|---|---|
Laurence E Herman Director | 0 | $0 | |
Leslie S Herman Director | 0 | $0 | |
Laura B Winter Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,585 |
| Capital Gain Net Income | $20,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $965 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,746 |
| Total operating and administrative expenses | $26,211 |
| Contributions, gifts, grants paid | $121,650 |
| Total expenses and disbursements | $147,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,315 |
| Savings and temporary cash investments | $36,291 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,547,439 |
| 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, Laurence E Herman Family Foundation has awarded $121,650 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
OLD TOWN SCHOOL OF FOLK MUSIC PURPOSE: ADVOCACY | $1,500 |
ERIE FAMILY HEALTH CENTER PURPOSE: ADVOCACY | $2,500 |
UNITED STATES HOLOCAUST MEMORIAL MU PURPOSE: ADVOCACY | $1,350 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: ADVOCACY | $2,700 |
NORTHWESTERN PRITZKER SCHOOL OF LAW PURPOSE: ADVOCACY | $1,500 |
GREATER CHICAGO FOOD DEPOSITORY PURPOSE: ADVOCACY | $250 |