Hermes Foundation
- Assets
- $780.6k
- Revenue
- $26.6k
- Investments
- $581.1k
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- 10/1990
- Data as of
- 12/2022
- 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 12/2022, Hermes Foundation generated $26.6k 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 (12.0%) each year. All expenses for the organization totaled $36.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 2022, GRANTS WERE PAID TO 14 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 | $5,775 |
| Interest on Savings | $269 |
| Dividends & Interest | $397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,156 |
| Capital Gain Net Income | $20,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,597 |
| 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 | $13,514 |
| Contributions, gifts, grants paid | $23,425 |
| Total expenses and disbursements | $36,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,515 |
| 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 | $780,626 |
| 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 $23,425 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLECHARITABLE | $500 |
PETA PURPOSE: CHARITABLE | $1,000 |
SHAKER HISTORICAL SOCIETY PURPOSE: CHARITABLE | $175 |
CLEVELAND MUSEUM OF ART PURPOSE: CHARITABLE | $10,000 |
CLEVELAND RESTORATION SOCIETY PURPOSE: CHARITABLE | $500 |
ACLU OF OHIO PURPOSE: CHARITABLE | $500 |