Bob L Herd Foundation
- Assets
- $32.0m
- Revenue
- $2.1m
- Investments
- $30.9m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 75-2530305
Organization Overview
Bob L Herd Foundation is located in Tyler, TX. The organization was established in 1994. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob L Herd 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, Bob L Herd Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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 |
|---|---|---|---|
Courtney Loggins Vice President | 8 | $21,250 | |
Thomas Neuhoff Treasurer | 7 | $15,000 | |
Michael Herd President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,451 |
| Dividends & Interest | $541,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,584,376 |
| Capital Gain Net Income | $1,584,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,127,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,250 |
| Other employee salaries and wages | $5,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,999 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $130,306 |
| Contributions, gifts, grants paid | $1,510,500 |
| Total expenses and disbursements | $1,640,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,891 |
| Savings and temporary cash investments | $803,461 |
| 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 | $18,740,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,093 |
| Total assets | $31,980,436 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas & Southwestern Cattle Raisers Association Fort Worth, TX | $17,279,002 | $9,900,679 |
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Ranching Heritage Association Lubbock, TX | $3,709,330 | $1,901,466 |
Texas Dairy Herd Improvement Assn Canyon, TX | $291,447 | $1,634,168 |
Bob L Herd Foundation Tyler, TX | $31,980,436 | $2,127,283 |
Pasadena Livestock Show & Rodeo Association Inc Pasadena, TX | $639,099 | $1,663,574 |
American Brahman Breeders Assn Bryan, TX | $2,272,535 | $1,609,526 |
Lee County Junior Livestock Show Incorporated Giddings, TX | $540,745 | $1,026,033 |
Navarro County Exposition Center Inc Corsicana, TX | $721,704 | $915,827 |
Santa Gertrudis Breeders International Kingsville, TX | $856,701 | $800,633 |