Charles F Herman Educational Fund
- Assets
- $45.9k
- Revenue
- $491.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 01/1969
- Data as of
- 06/2022
- EIN
- 56-6090151
Organization Overview
Charles F Herman Educational Fund is located in Pinehurst, NC. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles F Herman Educational Fund 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 06/2022, Charles F Herman Educational Fund generated $491.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $756.0 during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (44.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jj Jackson Board Vice Chair | 0 | $0 | |
Kathy Mcpherson Board Chair | 0 | $0 | |
Dr John Dempsey Board Treasurer | 0 | $0 | |
George Little Trustee Chair | 0 | $0 | |
Marilyn Morgan Grube Development Committee Chair | 0 | $0 | |
Helen Probst Mills Development Committee Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$99 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $756 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $45,941 |
| 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 | $45,942 |
| 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, Charles F Herman Educational Fund has awarded $2,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JACOB DALTON KARJALA PURPOSE: SCHOLARSHIPS | $1,071 |
DEVON ADDISON ARMSTRONG PURPOSE: SCHOLARSHIPS | $995 |
MARIA G AMBRIZ CORTES PURPOSE: SCHOLARSHIPS | $350 |
ALEXANDER MICHAEL BORDEN PURPOSE: SCHOLARSHIPS | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |