Molly And Joseph Herman Foundation
- Assets
- $222.0k
- Revenue
- $75.9k
- Investments
- $103.0k
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 86-0789922
Organization Overview
Molly And Joseph Herman Foundation is located in Flagstaff, AZ. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Molly And Joseph Herman 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 12/2023, Molly And Joseph Herman Foundation generated $75.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $71.9k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Molly And Joseph Herman Foundation has awarded 453 individual grants totaling $677,202. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maury Herman Member | 0 | $0 | |
Karen Kinne-Herman Chairman | 0 | $0 | |
Michael Herman Secretary | 0 | $0 | |
Julie Zalkind Treasurer | 0 | $0 | |
Rebecca Herman President | 0 | $0 | |
David Zalkind Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,550 |
| Interest on Savings | $677 |
| Dividends & Interest | $3,670 |
| 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 | $0 |
| Total Revenue | $75,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $339 |
| Total operating and administrative expenses | $2,371 |
| Contributions, gifts, grants paid | $69,550 |
| Total expenses and disbursements | $71,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,915 |
| Savings and temporary cash investments | $108,094 |
| 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 | $102,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $221,972 |
| 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, Molly And Joseph Herman Foundation has awarded $69,550 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF FLAGSTA PURPOSE: YOUTH MENTORING PROGRAM | $3,000 |
CANCER SUPPORT COMMUNITY ARIZONA PURPOSE: SUPPORTING FLAGSTAFF CANCER PATIENTS & THEIR LOVES ONES | $1,000 |
FLAGSTAFF COMMUNITY BAND PURPOSE: 2023-2024 SEASON | $1,000 |
FLAGSTAFF FAMILY FOOD CENTER PURPOSE: FEEDING NEIGHBORS, TRANSFORMING LIVES | $3,000 |
CANDELEN PURPOSE: ELEVATE PRE-K | $4,000 |
CATHOLIC CHARITIES COMMUNITY SERVIC PURPOSE: SERVICE TO HOMELESS INDIVIDUALS | $2,000 |