Herman Foundation
- Assets
- $3.9m
- Revenue
- $20.9k
- Investments
- $3.8m
- Employees
- 0
- Location
- Bennington, NE
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 47-0896236
Organization Overview
Herman Foundation is located in Bennington, NE. The organization was established in 2002. 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 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 12/2022, Herman Foundation generated $20.9k 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 (39.4%) each year. All expenses for the organization totaled $315.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman Foundation has awarded 29 individual grants totaling $1,487,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Herman President,treasurer, Direc | 2 | $48,000 | |
Richard Carstens Secretary, Director | 1 | $0 | |
Dr Richard A Carstens Vice President, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$77,448 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $97 |
| Total operating and administrative expenses | $65,920 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $315,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,092 |
| 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 | $3,852,211 |
| 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, Herman Foundation has awarded $250,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEAMMATES FOUNDATION PURPOSE: CHARITABLE OPERATIONS | $15,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: CHARITABLE OPERATIONS | $115,000 |
ST PATRICK CATHOLIC CHURCH PURPOSE: CHARITABLE OPERATIONS | $100,000 |
BENNINGTON COMMUNITY FOUNDATION PURPOSE: CHARITABLE OPERATIONS | $20,000 |