Sally M And Stephen A Herman Foundation Inc
- Assets
- $161.5k
- Revenue
- $42.1k
- Investments
- $29.2k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-1817835
Organization Overview
Sally M And Stephen A Herman Foundation Inc is located in Washington, DC. The organization was established in 2005. 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. Sally M And Stephen A Herman 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, Sally M And Stephen A Herman Foundation Inc generated $42.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $106.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sally M And Stephen A Herman Foundation Inc has awarded 182 individual grants totaling $808,316. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Herman President | 1 | $0 | |
Sally M Herman Secretary/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,096 |
| Dividends & Interest | $36,037 |
| 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 | $42,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,931 |
| Contributions, gifts, grants paid | $100,704 |
| Total expenses and disbursements | $106,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,270 |
| 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 | $161,471 |
| 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, Sally M And Stephen A Herman Foundation Inc has awarded $100,704 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH ARCHIVES PURPOSE: GENERAL CHARITABLE PURPOSES | $200 |
AMERICAN UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL CHARITABLE PURPOSES | $19,799 |
BARRIER ISLAND CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $300 |
BLUEGRASS COUNTRY FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
BULLIS PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |