The Herman Foundation A California Nonprofit Public Benefit Corporati
- Assets
- $1.5m
- Revenue
- $71.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 35-2376324
Organization Overview
The Herman Foundation A California Nonprofit Public Benefit Corporati is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herman Foundation A California Nonprofit Public Benefit Corporati 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, Herman Foundation A California Nonprofit Public Benefit Corporati generated $71.6k 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 (9.7%) each year. All expenses for the organization totaled $181.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman Foundation A California Nonprofit Public Benefit Corporati has awarded 120 individual grants totaling $917,605. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A GRANT TO TEAM PRIME TIME FOR THEIR AFTER SCHOOL PROGRAM FOR AT RISK YOUTH IN THE LOS ANGELES AREA.
MADE A GRANT TO ELISABETHSTIFT TO PROVIDE FOR YOUTH CARE AND EDUCATION.
MADE A GRANT TO YEHUDI MENUHIN LIVE MUSIC NOW TO PROVIDE MUSIC THERAPY FOR PEOPLE LIVING IN HOSPITALS, NURSING HOMES, ORPHANAGES, PRISONS, HOMES OR OTHER SOCIAL INSTITUTIONS.
MADE A GRANT TO CASA OF LOS ANGELES IN SUPPORT OF THEIR ADVOCACY FOR ABUSED AND NEGLECTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Herman Pres Treas Dir | 5 | $0 | |
Dieter Ulrich Vp, Director | 1 | $0 | |
Candice E Herman Secretary, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87 |
| Dividends & Interest | $67,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,129 |
| Capital Gain Net Income | $4,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $899 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $75 |
| Other expenses | $165 |
| Total operating and administrative expenses | $30,547 |
| Contributions, gifts, grants paid | $150,447 |
| Total expenses and disbursements | $180,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,815 |
| 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 | $461,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,539,693 |
| 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, The Herman Foundation A California Nonprofit Public Benefit Corporati has awarded $150,447 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM PRIME TIME INC PURPOSE: AFTER SCHOOL PROGRAM FOR AT-RISK YOUTH | $15,000 |
PUPPIES BEHIND BARS PURPOSE: SUPPORT PRISON INMATE GUIDE DOG TRAINING PROGRAM | $5,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: SUPPORT PROVIDING SERVICE DOGS TO ASSIST THE DISABLED | $5,000 |
ELISABETHSTIFT PURPOSE: SUPPORT THEIR ADVOCACY FOR YOUTH CARE AND EDUCATION. | $18,724 |
NATL EDUCATION FOR ASSISTANCE DOG S PURPOSE: SUPPORT PROVIDING SERVICE DOGS FOR THE DEAF & DISABLED. | $5,000 |
ALDEA INC PURPOSE: SUPPORT PROVIDING PROFESSIONAL MENTAL HEALTH & CHILD WELFARE SERVICES. | $5,000 |