Herson-Stirman Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $478.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 52-2279879
Organization Overview
Herson-Stirman Family Foundation Inc is located in Knoxville, TN. The organization was established in 2001. 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. Herson-Stirman Family 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 12/2021, Herson-Stirman Family Foundation Inc generated $478.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $192.8k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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 2016, Herson-Stirman Family Foundation Inc has awarded 199 individual grants totaling $1,166,250. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Carole H Martin Vice-Pres., Director | 1 | $0 | |
Gail Herson Treasurer, Director | 0.5 | $0 | |
Lynn H Grad Secretary, Director | 0.5 | $0 | |
Sonia S Herson President, Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $447,223 |
| Capital Gain Net Income | $447,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $478,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,019 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,267 |
| Total operating and administrative expenses | $24,286 |
| Contributions, gifts, grants paid | $168,500 |
| Total expenses and disbursements | $192,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,614 |
| Savings and temporary cash investments | $119,505 |
| 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 | $73,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,754,607 |
| 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, Herson-Stirman Family Foundation Inc has awarded $168,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
CARE PURPOSE: TO SUPPORT CHARITABLE ORGANIZATOIN | $20,400 |
New York, NY PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $12,000 |
New York, NY PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $11,000 |
Dallas, TX PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $10,750 |
HOME OF THE SPARROW PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $7,500 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |