Herscher Foundation Inc United National Bank Trust Dept
- Assets
- $2.1m
- Revenue
- $111.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 03/1962
- Data as of
- 12/2023
- EIN
- 55-6018744
Organization Overview
Herscher Foundation Inc United National Bank Trust Dept is located in Charleston, WV. The organization was established in 1962. According to its NTEE Classification (Q42) the organization is classified as: United Nations Associations, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herscher Foundation Inc United National Bank Trust Dept 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, Herscher Foundation Inc United National Bank Trust Dept generated $111.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $175.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herscher Foundation Inc United National Bank Trust Dept has awarded 121 individual grants totaling $632,650. 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 |
|---|---|---|---|
Susan Salisbury President & Treasurer | 2 | $0 | |
Michael Wehrle Vice President | 1 | $0 | |
W Marston Becker Trustee | 1 | $0 | |
Thomas A Heywood Trustee | 1 | $0 | |
H Dill Battle III Trustee | 1 | $0 | |
Nancy Bruns Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,904 |
| Dividends & Interest | $60,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,084 |
| Capital Gain Net Income | $41,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,893 |
| Contributions, gifts, grants paid | $153,850 |
| Total expenses and disbursements | $175,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $186,805 |
| 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 | $2,147,762 |
| 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, Herscher Foundation Inc United National Bank Trust Dept has awarded $153,850 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: SOCIAL AND WELFARE SERVICES | $1,000 |
AMERICAN RED CROSS PURPOSE: SOCIAL AND WELFARE SERVICES | $5,000 |
APPALACHIAN CHILDENS CHORUS PURPOSE: CULTURAL ACTIVITIES | $1,000 |
ARTS AMPLIFIED - GKVF PURPOSE: CULTURAL ACTIVITIES | $5,000 |
BLACK DIAMOND GIRL SCOUTS PURPOSE: CULTURAL ACTIVITIES | $500 |
BUCKSKIN COUNCIL BOY SCOUTS PURPOSE: CULTURAL ACTIVITIES | $500 |