Frank And Helen@hermann Foundation Inc
- Assets
- $828.2k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Middle Village, NY
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 11-3618580
Organization Overview
Frank And Helen@hermann Foundation Inc is located in Middle Village, NY. The organization was established in 2001. 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. Frank And Helen@hermann 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 12/2021, Frank And Helen@hermann Foundation Inc generated $25.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATION AND SELECTION FROM EDUCATIONAL INSTITUTIONS FOR SCHOLARSHIPS AND/OR TRAINING IN THE INSTITUTION'S MUSICAL ARTS PROGRAMS. SCHOLARSHPS FUNDED AS THE MANNES SCHOOL AND FUNDING FOR NEEDY MUSICAL STUDENTS THROUGH THE HARMONY PROGRAM
EVALUATION AND SELECTION OF APPLICATIONS FOR MUSICAL PERFORMANCES BY STUDENTS/ARTISTS OF THE VIOLIN/VIOLA AND/OR OTHER MUSICAL INSTRUMENTS. SUCH ACTVITIES PROVIDED BY FUNDING TO THE CHAMBER MUSIC SOCIETY OF LINCOLN CENTER
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $25,449 |
| 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 | $25,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $935 |
| Total operating and administrative expenses | $12,540 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $42,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,287 |
| Savings and temporary cash investments | $116 |
| 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 | $824,828 |
| Total assets | $828,231 |
| 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, Frank And Helen@hermann Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE, INCLUDING TRAINING FOR NEEDY AND PROMISING STUDENTS AND ALLOCATION OF AVAILABLE INSTRUMENTS TO STUDENTS WHO MAY BE IN NEED. | $15,000 |
New York, NY PURPOSE: TO SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE AND IN PARTICULAR THE CHAMBERS CONCERT SERIES, AND TRAINING PROVIDED TO MUSICAL STUDENTS | $10,000 |
THE MANNES SCHOOL PURPOSE: TO SUPPORT THE ORGANIZATIONS TAX EXEMPT PURPOSE, WITH EMPHASIS ON TRAINING OF STUDENTS OF THE VIOLIN/ VIOLA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |