The@herbert N Gundersheimer Foundation Inc
- Assets
- $2.3m
- Revenue
- $204.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 52-2070429
Organization Overview
The@herbert N Gundersheimer Foundation Inc is located in Baltimore, MD. The organization was established in 1998. 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. The@herbert N Gundersheimer Foundation Inc 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, The@herbert N Gundersheimer Foundation Inc generated $204.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $360.0k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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 2015, The@herbert N Gundersheimer Foundation Inc has awarded 106 individual grants totaling $1,735,600. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $197 |
| Dividends & Interest | $44,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,711 |
| Capital Gain Net Income | $159,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $124,465 |
| Contributions, gifts, grants paid | $235,500 |
| Total expenses and disbursements | $359,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,036 |
| 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 | $2,304,136 |
| 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@herbert N Gundersheimer Foundation Inc has awarded $235,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON ADVENTIST UNIVERSITY PURPOSE: TO PROMOTE EDUCATION FOR DISAVANTAGED STUDENTS. | $100,000 |
DEFENDERS OF ANIMAL RIGHTS PURPOSE: TO PROMOTE PREVENTION OF ANIMAL CRUELTY. | $3,000 |
HUMANE SOCIETY-BALTIMORE CNTY PURPOSE: TO PREVENT ANIMAL CRUELTY. | $3,000 |
JOHNS HOPKNS UNIV CTR FOR TALENTED PURPOSE: TO SUPPORT EDUCATIONFOR DISADVANTGED YOUTH. | $5,000 |
GREYHOUND PETS OF AMERICA PURPOSE: TO PROMOTE ADOPTION GREYHOUND DOGS. | $1,500 |
SPENCERVILLE ACADEMY PURPOSE: TO PROMOTE EDUCATION FOR DISADVANTAGED STUDENTS. | $20,000 |