The Herman Foundation A California Nonprofit Public Benefit Corporati
- Assets
- $1.6m
- Revenue
- $82.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 35-2376324
Organization Overview
The Herman Foundation A California Nonprofit Public Benefit Corporati is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herman Foundation A California Nonprofit Public Benefit Corporati 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, Herman Foundation A California Nonprofit Public Benefit Corporati generated $82.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $149.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman Foundation A California Nonprofit Public Benefit Corporati has awarded 103 individual grants totaling $793,929. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A GRANT TO TEAM PRIME TIME FOR THEIR AFTER SCHOOL PROGRAM FOR AT RISK YOUTH IN THE LOS ANGELES AREA.
MADE A GRANT TO ELISABETHSTIFT TO PROVIDE FOR YOUTH CARE AND EDUCATION.
MADE A GRANT TO YEHUDI MENUHIN LIVE MUSIC NOW TO PROVIDE MUSIC THERAPY FOR PEOPLE LIVING IN HOSPITALS, NURSING HOMES, ORPHANAGES, PRISONS, HOMES OR OTHER SOCIAL INSTITUTIONS.
MADE A GRANT TO CASA OF LOS ANGELES IN SUPPORT OF THEIR ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN.
PROVIDED A GRANT TO TEAM PRIME TIME FOR THEIR AFTER SCHOOL PROGRAM FOR AT RISK YOUTH IN THE LOS ANGELES AREA.
MADE A GRANT TO ELISABETHSTIFT TO PROVIDE FOR YOUTH CARE AND EDUCATION.
MADE A GRANT TO YEHUDI MENUHIN LIVE MUSIC NOW TO PROVIDE MUSIC THERAPY FOR PEOPLE LIVING IN HOSPITALS, NURSING HOMES, ORPHANAGES, PRISONS, HOMES OR OTHER SOCIAL INSTITUTIONS.
MADE A GRANT TO CASA OF LOS ANGELES IN SUPPORT OF THEIR ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Herman Pres Treas Dir | 5 | $0 | |
Dieter Ulrich Vp, Director | 1 | $0 | |
Candice E Herman Secretary, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $58,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,420 |
| Capital Gain Net Income | $24,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$251 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $75 |
| Other expenses | $95 |
| Total operating and administrative expenses | $29,031 |
| Contributions, gifts, grants paid | $120,062 |
| Total expenses and disbursements | $149,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,448 |
| 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 | $80,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,649,103 |
| 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, The Herman Foundation A California Nonprofit Public Benefit Corporati has awarded $120,062 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ELISABETHSTIFT PURPOSE: SUPPORT THEIR ADVOCACY FOR YOUTH CARE AND EDUCATION. | $18,531 |
YEHUDI MENUHIN LIVE MUSIC NOW PURPOSE: SUPPORT MISSION: MUSIC THERAPY FOR PEOPLE IN HOSPITALS, NURSING HOMES, ORPHANAGES, PRISONS, HOMES OR OTHER SOCIAL INSTITUTIONS. | $18,531 |
Los Angeles, CA PURPOSE: AFTER SCHOOL PROGRAM FOR AT-RISK YOUTH | $15,000 |
Monterey Park, CA PURPOSE: SUPPORT MISSION: ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN. | $10,000 |
Napa, CA PURPOSE: SUPPORT MISSION: PROVIDE PROFESSIONAL MENTAL HEALTH & CHILD WELFARE SERVICES. | $5,000 |
New York, NY PURPOSE: SUPPORT PRISON INMATE GUIDE DOG TRAINING PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |