Herbert Family Foundation
- Assets
- $51.8k
- Revenue
- $239.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tonka Bay, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-3987833
Organization Overview
Herbert Family Foundation is located in Tonka Bay, MN. 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 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 12/2022, Herbert Family Foundation generated $239.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.6%) each year.
Since 2021, Herbert Family Foundation has awarded 19 individual grants totaling $317,624. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Herbert Board Member | 1 | $0 | |
Margaret Herbert President | 1 | $0 | |
Derek Herbert Secretary | 1 | $0 | |
Dustin Herbert Treasurer | 1 | $0 | |
Brianna Herbert Board Member | 1 | $0 | |
Hannah Herbert Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,632 |
| Capital Gain Net Income | $88,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,606 |
| 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 | $50 |
| Total operating and administrative expenses | $50 |
| Contributions, gifts, grants paid | $239,766 |
| Total expenses and disbursements | $239,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,845 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,845 |
| 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 Family Foundation has awarded $239,766 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL FUND | $25,822 |
LUNDSTRUM PERFORMING ARTS PURPOSE: GENERAL FUND | $1,000 |
PARK NICOLLET FOUNDATION PURPOSE: GENERAL FUND | $20,657 |
RELATE COUNSELING CENTER PURPOSE: GENERAL FUND | $16,000 |
THE BOWERY MISSION PURPOSE: GENERAL FUND | $2,500 |
YOUNG LIFE PURPOSE: GENERAL FUND | $4,000 |