Hermes Foundation
- Assets
- $790.6k
- Revenue
- $90.4k
- Investments
- $665.5k
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 34-6930405
Organization Overview
Hermes Foundation is located in Shaker Heights, OH. The organization was established in 1990. 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. Hermes 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, Hermes Foundation generated $90.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $45.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hermes Foundation has awarded 58 individual grants totaling $127,340. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS INVOLVED IN NO ACTIVITIES BEYOND PROVIDING CASH GRANTS TO PUBLIC CHARITIES. FOR 2021, GRANTS WERE PAID TO 16 CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric J Nilson Trustee | 1 | $0 | |
Jeffrey Mostade Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,060 |
| Interest on Savings | $23 |
| Dividends & Interest | $291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,047 |
| Capital Gain Net Income | $81,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,743 |
| Contributions, gifts, grants paid | $31,370 |
| Total expenses and disbursements | $45,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,050 |
| 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 | $790,588 |
| 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, Hermes Foundation has awarded $31,370 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ROYAL OAK FOUNDATION PURPOSE: CHARITABLE | $10,000 |
Cleveland, OH PURPOSE: CHARITABLE | $5,000 |
ST PAUL'S EPISCOPAL CHURCH PURPOSE: CHARITABLE | $5,000 |
CITY OF ASYLUM PURPOSE: CHARITABLE | $3,000 |
LITERARY CLEVELAND PURPOSE: CHARITABLE | $1,500 |
THE BISHOPS ANNUAL APPEAL PURPOSE: CHARITABLE | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hermes Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Downtown Cleveland Alliance Cleveland, OH PURPOSE: NEIGHBORHOOD AND ECONOMIC DEVELOPMENT. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |