Hertogs Family Education Foundation Inc
- Assets
- $686.7k
- Revenue
- $67.8k
- Investments
- $312.6k
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 41-1984473
Organization Overview
Hertogs Family Education Foundation Inc is located in Hastings, MN. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hertogs Family Education Foundation Inc 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, Hertogs Family Education Foundation Inc generated $67.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $51.2k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hertogs Family Education Foundation Inc has awarded 31 individual grants totaling $359,100. 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
CONTRIBUTIONS TO SCHOOLS, OTHER 501(C)3 ORGANIZATIONS, AND INDIVIDUALS TO PROVIDE SUPPORT FOR EDUCATIONAL AND MEDICAL RESEARCH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hertogs Pres/directo | 1 | $3,000 | |
Leo Schumacher Sec/treas | 1 | $3,000 | |
Susan Hertogs Director | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $26,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,019 |
| Capital Gain Net Income | $41,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,662 |
| Total operating and administrative expenses | $13,700 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $51,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,146 |
| Savings and temporary cash investments | $333,841 |
| Net Accounts receivable | $123 |
| 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 | $183,872 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $686,732 |
| 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, Hertogs Family Education Foundation Inc has awarded $37,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: MEDICAL RESEARCH | $25,000 |
INDEPENDENT SCHOOL DISTRICT 200 PURPOSE: YOUTH DEVELOPMENT | $7,500 |
WOODBURY ROTARY COMMUNITY FUND PURPOSE: YOUTH DEVELOPMENT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |