The@john R Hershey Jr And Anna L Hershey Family Foundation Inc
- Assets
- $4.3m
- Revenue
- $439.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 54-2152968
Organization Overview
The@john R Hershey Jr And Anna L Hershey Family Foundation Inc is located in Hagerstown, MD. The organization was established in 2004. 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@john R Hershey Jr And Anna L Hershey 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 12/2023, The@john R Hershey Jr And Anna L Hershey Family Foundation Inc generated $439.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $312.9k during the year ending 12/2023. While expenses have increased by 1.0% 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@john R Hershey Jr And Anna L Hershey Family Foundation Inc has awarded 249 individual grants totaling $1,946,177. 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 |
|---|---|---|---|
John R Hershey III President | 4 | $0 | |
Lynne H Hershey Vice President | 2 | $0 | |
Karen A Spessard Treasurer | 2 | $0 | |
Cheryl L Hershey Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,666 |
| Dividends & Interest | $109,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,790 |
| Capital Gain Net Income | $307,790 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $520 |
| Total operating and administrative expenses | $52,341 |
| Contributions, gifts, grants paid | $260,551 |
| Total expenses and disbursements | $312,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $521,742 |
| 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 | $4,308,420 |
| 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@john R Hershey Jr And Anna L Hershey Family Foundation Inc has awarded $260,551 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF WASHINGTON COUNTY PURPOSE: SUPPORT MISSION | $7,500 |
BARBARA INGRAM SCHOOL FOR THE ARTS PURPOSE: SUPPORT MISSION | $5,500 |
BOYS AND GIRLS CLUB OF WASHINGTON COUNTY PURPOSE: SUPPORT MISSION | $10,000 |
BROOKE'S HOUSE PURPOSE: SUPPORT MISSION | $3,000 |
BROOK LANE BEHAVIORAL SERVICES PURPOSE: SUPPORT MISSION | $4,907 |
CEDAR CREST COLLEGE PURPOSE: SUPPORT MISSION | $5,000 |