Bernard K & Norma F Heuermann Foundation
- Assets
- $8.5m
- Revenue
- $1.9m
- Investments
- $8.1m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 10/1991
- Data as of
- 07/2024
- EIN
- 47-0748466
Organization Overview
Bernard K & Norma F Heuermann Foundation is located in Omaha, NE. The organization was established in 1991. 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. Bernard K & Norma F Heuermann 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 07/2024, Bernard K & Norma F Heuermann Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $569.7k during the year ending 07/2024. While expenses have increased by 1.9% per year over the past 6 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 2018, Bernard K & Norma F Heuermann Foundation has awarded 196 individual grants totaling $2,901,041. 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 |
|---|---|---|---|
Bernard Keith Heuermann President/director-As Needed | 3.5 | $0 | |
Norma F Heuermann Vice Pres/director-As Needed | 3.5 | $0 | |
Scott P Heuermann Treasurer/director-As Needed | 3.5 | $1,500 | |
John B Atkins Director-As Needed | 3.5 | $0 | |
Scott Grafton Secretary/director-As Needed | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $286,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,574,797 |
| Capital Gain Net Income | $1,574,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,861,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,966 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,528 |
| Total operating and administrative expenses | $123,749 |
| Contributions, gifts, grants paid | $446,000 |
| Total expenses and disbursements | $569,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,793 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,132 |
| 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 | $8,492,601 |
| 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, Bernard K & Norma F Heuermann Foundation has awarded $446,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
EPWORTH VILLAGE PURPOSE: TO FURTHER GENERAL PROGRAMS OF THE ORGANIZATION. | $5,000 |
HAMILTON COMMUNITY FOUNDATION INC PURPOSE: TO FUND THE FOLLOWING: DONOR ADVISED FUND $33,250; NEBRASKA WESLEYAN SCHOLARSHIP FUND $60,000; GO BIG GIVE PROJECT - $3,000 TO AURORA HUMANE SOCEITY, $5,000 TO HAMILTON COUNTY FOOD PANTRY INC., $8,000 TO HAMILTON COUNTY HISTORICAL SOCIETY; $5,000 TO MEMORIAL FOUNDATION, INC. AURORA NE, $2,500 TO NEBRASKA 4-H FOUNDATION, $15,000 TO PHILLIPS COMMUNITY FOUNDATION, $4,000 TO SOAR OF AURORA; $20,000 TO NEBRASKA CHRISTIAN SCHOOL OF CENTRAL CITY SCHOLARSHIP PROGRAM. | $155,750 |
HAMILTON COUNTY AG SOCIETY PURPOSE: TO FUND THE FAIR. | $2,500 |
MASONIC-EASTERN STAR HOME FOR CHILDREN PURPOSE: TO FURTHER GENERAL PROGRAMS OF THE ORGANIZATION. | $6,000 |
NEBRASKA CHRISTIAN SCHOOL PURPOSE: TO SUPPPORT THE GENERAL FUND. | $50,000 |
NEBRASKA WESLEYAN UNIVERSITY PURPOSE: TO FUND THE ARCHWAY FUND. | $25,000 |