Hertog Foundation Inc
- Assets
- $9.8m
- Revenue
- $718.5k
- Investments
- $8.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2008
- Data as of
- 02/2023
- EIN
- 26-2002295
Organization Overview
Hertog Foundation Inc is located in New York, NY. The organization was established in 2008. 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. Hertog 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 02/2023, Hertog Foundation Inc generated $718.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $2.3m during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hertog Foundation Inc has awarded 21 individual grants totaling $3,504,270. 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
THESE EXPENSES ARE FOR EDUCATIONAL PROGRAMS ON POLITICAL THOUGHT & PHILOSOPHY, WAR & FOREIGN AFFAIRS, AND ECONOMICS & DOMESTIC POLICY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Hertog Director, President & Treasurer | 32 | $0 | |
Susan Hertog Director, Secretary | 32 | $0 | |
Cheryl Miller Program Director | 40 | $190,833 | |
Melanie Chakmakjian Executive Assistant | 40 | $140,833 | |
Jillian Raquet Executive Assistant | 40 | $75,810 | |
Mcgovern James Driver | 40 | $88,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54 |
| Dividends & Interest | $200,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,995 |
| Capital Gain Net Income | $517,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $718,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $713,098 |
| Pension plans, employee benefits | $5,299 |
| Interest | $0 |
| Taxes | $13,250 |
| Depreciation | $27,400 |
| Occupancy | $653,535 |
| Travel, conferences, and meetings | $19,886 |
| Printing and publications | $0 |
| Other expenses | $683,005 |
| Total operating and administrative expenses | $2,285,913 |
| Contributions, gifts, grants paid | $31,800 |
| Total expenses and disbursements | $2,317,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,676 |
| 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 | $64,790 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $99,204 |
| Other assets | $11,876 |
| Total assets | $9,830,677 |
| Accounts payable and accrued expenses | $2,997 |
| 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 | $5,849 |
| Total liabilities | $8,846 |
Grants Awarded
Over the last fiscal year, Hertog Foundation Inc has awarded $31,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH FREEDOM INSTITUTE PURPOSE: FOR SUPPORT OF JEWISH EDUCATION ANDPUBLIC POLICY PROGRAMS | $5,000 |
CAMBRIDGE IN AMERICA PURPOSE: FOR PROVIDING EDUCATIONAL OPPORTUNITIES | $25,000 |
BEN PORAT YOSEF PURPOSE: FOR SUPPORT OF JEWISH EDUCATIONALPROGRAMS | $1,800 |