Herbst Family Foundation Inc
- Assets
- $4.5m
- Revenue
- $91.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- West Babylon, NY
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 11-3405415
Organization Overview
Herbst Family Foundation Inc is located in West Babylon, NY. The organization was established in 1998. 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. Herbst Family Foundation Inc 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, Herbst Family Foundation Inc generated $91.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $222.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbst Family Foundation Inc has awarded 70 individual grants totaling $1,959,000. 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
GAVE A 60,000.00 CONTRIBUTION TO AMERICAN COMMITTEE OF SHAARE ZEDEK
GAVE A 60,000.00 CONTRIBUTION TO HADASSAH THE WOMENS ZION OF AMERICA INC.
GAVE A 45,000.00 CONTRIBUTION TO UJA - FEDERATION OF NY
GAVE AN 20,000.00 CONTRIBUTION TO MEMORIAL SLOAN KETTERING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $559 |
| Dividends & Interest | $117,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,747 |
| Capital Gain Net Income | $47,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $871 |
| Total Revenue | $91,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $945 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34 |
| Total operating and administrative expenses | $3,189 |
| Contributions, gifts, grants paid | $219,000 |
| Total expenses and disbursements | $222,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $4,499,177 |
| 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, Herbst Family Foundation Inc has awarded $219,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMMITTEE FOR SHAARE ZEDEK PURPOSE: FOR THE GENERAL PURPOSE OF THE ORGAN | $60,000 |
HADASSAH THE WOMEN'S ZIONIST ORG OF PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $60,000 |
UJA FEDERATION NEW YORK PURPOSE: FOR THE GENERAL PURPOSES OF THR ORGA | $45,000 |
NATIONAL ASSOCIATION OF THE ASPCA PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $12,000 |
MEMORIAL SLOAN KETTERING CANCER CTR PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $20,000 |
WSHU PUBLIC RADIO PURPOSE: FOR THE GENERAL PURPOSES OF THE ORGA | $8,000 |