Herak Foundation
- Assets
- $320.0k
- Revenue
- $16.3k
- Investments
- $295.2k
- Employees
- 0
- Location
- Priest Lake, ID
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 91-1621226
Organization Overview
Herak Foundation is located in Priest Lake, ID. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herak 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, Herak Foundation generated $16.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $39.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herak Foundation has awarded 39 individual grants totaling $152,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Marc A Dorendorf Trustee | 1 | $0 | |
Donna Herak Trustee | 1 | $0 | |
Jerome P Herak Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,300 |
| Dividends & Interest | $4,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,972 |
| Capital Gain Net Income | $5,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,321 |
| 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 | $2,250 |
| Total operating and administrative expenses | $2,250 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $39,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,817 |
| 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 | $320,030 |
| 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, Herak Foundation has awarded $37,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERTON ACADEMY OF NOTRE DAME PURPOSE: DONATION | $3,000 |
ETERNAL WORD TELEVISION NETWORK INC PURPOSE: DONATION | $1,000 |
GONZAGA UNIVERSITY PURPOSE: DONATION | $12,500 |
LADY OF LOURDES PURPOSE: DONATION | $6,000 |
NAZARETH GUILD PURPOSE: DONATION | $9,500 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: DONATION | $1,000 |