Herberger Foundation
- Assets
- $2.3m
- Revenue
- $818.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 86-6050190
Organization Overview
Herberger Foundation is located in Scottsdale, AZ. The organization was established in 1964. 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. Herberger 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, Herberger Foundation generated $818.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herberger Foundation has awarded 53 individual grants totaling $2,632,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERBERGER FOUNDATION ("THE FOUNDATION") MAKES NO PROGRAM RELATED INVESTMENTS. NO DIRECT CHARITABLE ACTIVITES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES IN CONNECTION WITH THE TAX-EXEMPT PURPOSE WERE ALLOCATED TO GRANT-MAKING ACTIVITES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCATED TO THE INVESTMENT ACTIVITES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judd R Herberger President & Director - 1/1/21-10/27/21 | 0.5 | $0 | |
Billie Jo Herberger Vice-President & Director | 0.5 | $0 | |
Gregg Hanks Director | 0.1 | $0 | |
Michael J Dempsey Vp, Secr., Treas., & Direc | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $636,454 |
| Capital Gain Net Income | $636,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $134,627 |
| Total Revenue | $818,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,034 |
| Total operating and administrative expenses | $43,233 |
| Contributions, gifts, grants paid | $1,263,000 |
| Total expenses and disbursements | $1,306,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,414 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $11,531 |
| 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 | $2,331,140 |
| 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, Herberger Foundation has awarded $1,263,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
SCOTTSDALE ARTS PURPOSE: PERFORMING & VISUAL ARTS | $155,000 |
THE PHOENIX THEATRE COMPANY PURPOSE: PERFORMING ARTS | $150,000 |
HERBERGER THEATER CENTER PURPOSE: PERFORMING ARTS | $125,000 |
ARIZONA OPERA PURPOSE: PERFORMING ARTS | $125,000 |
Phoenix, AZ PURPOSE: PERFORMING ARTS | $125,000 |
PHOENIX SYMPHONY PURPOSE: PERFORMING ARTS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |