The M S Hershey Foundation
- Assets
- $69.4m
- Revenue
- $28.4m
- Investments
- $25.1m
- Employees
- 192
- Location
- Hershey, PA
- Founding
- 07/1966
- Data as of
- 12/2022
- EIN
- 23-6242734
Organization Overview
The M S Hershey Foundation is located in Hershey, PA. The organization was established in 1966. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, M S Hershey Foundation employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M S Hershey 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 12/2022, M S Hershey Foundation generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $15.3m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA.
Describe the Organization's Program Activity:
SEE SCHEDULE O - HERSHEY THEATRE
HERSHEY COMMUNITY ARCHIVES
SEE SCHEDULE O - THE HERSHEY STORY MUSEUM
SEE SCHEDULE O - HERSHEY GARDENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sparks ESQ Secretary Until 7/22 | Officer | 5 | $0 |
Thomas Schmidt Secretary As Of 7/22 | Officer | 1 | $0 |
M Diane Koken Manager | Trustee | 1 | $0 |
James Brown Manager | Trustee | 1 | $0 |
Donald Papson Executive Director | Officer | 45 | $175,000 |
Bridget Beck Assoc. Exec. Dir./treas | Officer | 45 | $157,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hershey Entertainment Resorts Com Theatre Mgmt Svcs | 12/30/22 | $666,640 |
Allied Maintenance Systems Inc Cleaning Svcs | 12/30/22 | $149,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,025 |
| Related organizations | $12,046,480 |
| Government grants | $3,126,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,493 |
| Noncash contributions included in lines 1a–1f | $11,436,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,358,424 |
| Total Program Service Revenue | $10,993,070 |
| Investment income | $1,089,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $122,801 |
| Net Gain/Loss on Asset Sales | $28,596 |
| Net Income from Fundraising Events | $3,095 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $621,597 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,386,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,000 |
| Compensation of current officers, directors, key employees. | $332,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,089,589 |
| Pension plan accruals and contributions | -$69,091 |
| Other employee benefits | $589,922 |
| Payroll taxes | $294,142 |
| Fees for services: Management | $1,110,528 |
| Fees for services: Legal | $23,818 |
| Fees for services: Accounting | $61,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,744 |
| Advertising and promotion | $571,569 |
| Office expenses | $31,112 |
| Information technology | $93,002 |
| Royalties | $0 |
| Occupancy | $731,109 |
| Travel | $1,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,239 |
| Interest | $326,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,175,568 |
| Insurance | $187,868 |
| All other expenses | $983,576 |
| Total functional expenses | $15,280,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,561,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $97,394 |
| Accounts receivable, net | $5,971,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,612 |
| Prepaid expenses and deferred charges | $116,414 |
| Net Land, buildings, and equipment | $23,603,850 |
| Investments—publicly traded securities | $11,495,613 |
| Investments—other securities | $25,117,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $331,262 |
| Total assets | $69,409,983 |
| Accounts payable and accrued expenses | $469,794 |
| Grants payable | $0 |
| Deferred revenue | $3,314,070 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,238,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,740,107 |
| Total liabilities | $15,762,773 |
| Net assets without donor restrictions | $21,372,977 |
| Net assets with donor restrictions | $32,274,233 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,409,983 |