Hersey Foundation
- Assets
- $26.4m
- Revenue
- $16.4m
- Investments
- $26.0m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7001771
Organization Overview
Hersey Foundation is located in St Paul, MN. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hersey 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 12/2021, Hersey Foundation generated $16.4m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 5 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.
Since 2018, Hersey Foundation has awarded 45 individual grants totaling $3,610,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Hamm Vp, Treasurer & Director | 0 | $0 | |
Katherine A Haskins Secretary & Director | 0 | $0 | |
Edward H Hamm Jr President & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $12,239 |
| Dividends & Interest | $408,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,428,901 |
| Capital Gain Net Income | $5,428,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $588,430 |
| Total Revenue | $16,438,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,338 |
| Total operating and administrative expenses | $220,973 |
| Contributions, gifts, grants paid | $1,044,000 |
| Total expenses and disbursements | $1,264,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,884 |
| Savings and temporary cash investments | $429,313 |
| 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 | $26,411,106 |
| 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 | $72,614 |
| Total liabilities | $72,614 |
Grants Awarded
Over the last fiscal year, Hersey Foundation has awarded $1,044,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HAMM CLINIC PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $600,000 |
THE CONSERVATION FUND PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $200,000 |
Palmetto Bay, FL PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $100,000 |
BROWN UNIVERSITY PURPOSE: GENERAL FUND - EDUCATIONAL PURPOSES | $50,000 |
Tallahassee, FL PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $32,000 |
CHRIST MEMORIAL CHAPEL PURPOSE: GENERAL FUND - RELIGIOUS ACTIVITES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |