Herzog Beckman Foundation
- Assets
- $1.2m
- Revenue
- $20.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 35-2178648
Organization Overview
Herzog Beckman Foundation is located in Milwaukee, WI. The organization was established in 2002. 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. Herzog Beckman 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, Herzog Beckman Foundation generated $20.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $92.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herzog Beckman Foundation has awarded 48 individual grants totaling $267,500. 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 |
|---|---|---|---|
Joseph G Krabbe President | 0 | $5,878 | |
Mark W Jordan V Pres/tte/secretary/treasurer | 0 | $5,878 | |
Sandra L Krabbe Ttee | 0 | $5,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,265 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $20,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,634 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $278 |
| Total operating and administrative expenses | $39,462 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $92,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,222 |
| 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 | $887,069 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $829 |
| Total assets | $1,205,454 |
| 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, Herzog Beckman Foundation has awarded $53,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PARISH KITCHEN PURPOSE: GENERAL OPERATING | $2,000 |
CINCINNATI WORKS INC PURPOSE: GENERAL OPERATING | $40,000 |
CINCINNATI CHILDREN'S HOSPITAL PURPOSE: GENERAL OPERATING | $5,000 |
FAIRHAVEN RESCUE MISSION PURPOSE: GENERAL OPERATING | $2,000 |
WOOD HUDSON CANCER RESEARCH LAB PURPOSE: GENERAL OPERATING | $2,000 |
CATHOLIC SOCIAL SERVICES OF NO KY PURPOSE: GENERAL OPERATING | $2,000 |