Herman Foundation Of Minnesota
- Assets
- $52.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, MN
- Founding
- 03/1984
- EIN
- 41-1464208
Organization Overview
Herman Foundation Of Minnesota is located in Alexandria, MN. The organization was established in 1984. 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. Herman Foundation Of Minnesota 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 undefined, Herman Foundation Of Minnesota generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $41.8k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
FINANCE THE BUILDING OF A COMMUNITY CENTER IN HERMAN MN BY COLLECTING CONTRIBUTIONS AND FORWARDING THAT MONEY TO HERMAN DEVELOPMENT CORP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Werk President | 0 | $0 | |
Doug Oachs Director | 0 | $0 | |
Katy Blume Director | 0 | $0 | |
Jean Lennox Treasurer | 0 | $0 | |
Vonna Anderson Director | 0 | $0 | |
Roselyn Giese Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,988 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,860 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,848 |
| Statement of Expenses | |
|---|---|
| Total expenses | $41,825 |
| Balance Sheet | |
|---|---|
| Total assets | $52,032 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,032 |