Herschmann Family Foundation
- Assets
- $64.9k
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 61-1579433
Organization Overview
Herschmann Family Foundation is located in Brooklyn, NY. The organization was established in 2012. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herschmann Family Foundation 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, Herschmann Family Foundation generated $56.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $43.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Herschmann Family Foundation has awarded 35 individual grants totaling $356,309. 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 |
|---|---|---|---|
Eric Herschmann Director | 0 | $0 | |
Aimee Ciment Director | 0 | $0 | |
Michael Herschmann Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $261 |
| Dividends & Interest | $7,594 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,628 |
| Total Revenue | $56,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $43,280 |
| Total expenses and disbursements | $43,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,894 |
| 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 | $64,894 |
| 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 | $35,182 |
| Total liabilities | $35,182 |
Grants Awarded
Over the last fiscal year, Herschmann Family Foundation has awarded $43,280 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE ISRAEL DEFENSE FORCE PURPOSE: CHARITABLE | $18,000 |
EAST HILL SYNAGOGUE PURPOSE: RELIGIOUS | $16,280 |
Austin, TX PURPOSE: CHARITABLE | $3,600 |
New York, NY PURPOSE: CHARITABLE | $3,600 |
Teaneck, NJ PURPOSE: CHARITABLE | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Charitable Tr Newton, MA | $8,222,395 | $1,860,011 |
Sheetz Family Charities Inc Altoona, PA | $8,145,405 | $4,240,002 |
Ryans Case For Smiles Wayne, PA | $1,412,033 | $1,300,303 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Balakian Family Foundation Tenafly, NJ | $0 | -$1,634 |
Joyce Hergenhan Private Foundation Fairfield, CT | $4,037,389 | $229,293 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |