Herbert & Gertrude Halverstadt Foundation
- Assets
- $1.1m
- Revenue
- $42.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Fairview, TN
- Founding
- 01/1968
- Data as of
- 12/2022
- EIN
- 62-6073690
Organization Overview
Herbert & Gertrude Halverstadt Foundation is located in Fairview, TN. The organization was established in 1968. 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. Herbert & Gertrude Halverstadt 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 12/2022, Herbert & Gertrude Halverstadt Foundation generated $42.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $100.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbert & Gertrude Halverstadt Foundation has awarded 630 individual grants totaling $586,580. 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 |
|---|---|---|---|
Albert Halverstadt III President | 0.5 | $0 | |
Amy Pacanowski Board Member | 0.5 | $0 | |
Barbara D Halverstadt Treasurer | 1 | $0 | |
Sarah Carrigan Vice President | 0.5 | $0 | |
Cliff Miller Chief Financial Officer | 0.5 | $0 | |
Phebe Hibshman Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $19,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,850 |
| Capital Gain Net Income | $20,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,698 |
| Total Revenue | $42,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,454 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,727 |
| Contributions, gifts, grants paid | $79,980 |
| Total expenses and disbursements | $100,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,717 |
| Savings and temporary cash investments | $0 |
| 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 | $1,126,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,133,666 |
| 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, Herbert & Gertrude Halverstadt Foundation has awarded $79,980 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: EDUCATIONAL | $300 |
ACTOR'S PLAYHOUSE PRODUCTIONS INC PURPOSE: COMMUNITY | $2,500 |
ALAMEDA FOOD BANK PURPOSE: CHARITABLE | $1,500 |
ADAPTIVE SPORTS ASSN PURPOSE: COMMUNITY | $300 |
ALZHEIMER'S ASSOCIATION OF NORTHERN CALIFORNIA PURPOSE: CHARITABLE | $2,000 |
ALZHEIMERS SUPPORT NETWORK PURPOSE: CHARITABLE | $2,500 |