Charles D Bud Hering Jr Foundation
- Assets
- $620.5k
- Revenue
- $28.3k
- Investments
- $521.0k
- Employees
- 0
- Location
- Tiffin, OH
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 34-1702565
Organization Overview
Charles D Bud Hering Jr Foundation is located in Tiffin, OH. The organization was established in 1993. 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. Charles D Bud Hering Jr 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, Charles D Bud Hering Jr Foundation generated $28.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $50.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Charles D Bud Hering Jr Foundation has awarded 70 individual grants totaling $185,115. 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 |
|---|---|---|---|
Mitch Felton Chairperson | 0 | $0 | |
Anne Gase Vice-Chair | 0 | $0 | |
Brent Howard Secretary | 0 | $0 | |
Susan Hering Howard Treasurer | 0 | $0 | |
Glenn Orwig Trustee | 0 | $0 | |
Nicholas Spurck Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,071 |
| Interest on Savings | $862 |
| Dividends & Interest | $11,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,605 |
| Capital Gain Net Income | $12,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $5,471 |
| Contributions, gifts, grants paid | $44,500 |
| Total expenses and disbursements | $49,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,532 |
| 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 | $620,513 |
| 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, Charles D Bud Hering Jr Foundation has awarded $44,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MARINA PENNYCUFF - BGSU PURPOSE: SCHOLARSHIP | $1,500 |
JULIE REINHART - KENT STATE PURPOSE: SCHOLARSHIP | $3,000 |
BITTANI STILTNER - OHIO WESLEYAN PURPOSE: SCHOLARSHIP | $3,000 |
ALEXANDRIA HAUSMAN - OHIO STATE UNI PURPOSE: SCHOLARSHIP | $3,000 |
MADELYN DICKMAN - OHIO UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
LUKE RITZLER - OHIO UNIV PURPOSE: SCHOLARSHIP | $3,000 |