Hermanson Family Charitable Foundation
- Assets
- $44.4k
- Revenue
- $16.8k
- Investments
- $29.4k
- Employees
- 0
- Location
- Story City, IA
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 45-3571164
Organization Overview
Hermanson Family Charitable Foundation is located in Story City, IA. The organization was established in 2012. 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. Hermanson Family Charitable 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, Hermanson Family Charitable Foundation generated $16.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hermanson Family Charitable Foundation has awarded 167 individual grants totaling $1,417,236. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $15,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,318 |
| Capital Gain Net Income | $1,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $2,227 |
| Contributions, gifts, grants paid | $1,150,536 |
| Total expenses and disbursements | $1,152,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,016 |
| Savings and temporary cash investments | $0 |
| 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 | $44,388 |
| 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, Hermanson Family Charitable Foundation has awarded $1,150,536 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE MINISTRIES PURPOSE: CHARITABLE | $1,200 |
IMMANUEL LUTHERAN CHURCH PURPOSE: CHARITABLE | $100 |
IOWA 4-H FOUNDATION PURPOSE: CHARITABLE | $500 |
IOWA STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL | $287,107 |
LEADERSHIP INSTITUTE PURPOSE: CHARITABLE | $500 |
LIVING HISTORY FARMS PURPOSE: EDUCATIONAL | $500 |