The Herrnstein Family Foundation
- Assets
- $47.3m
- Revenue
- $8.6m
- Investments
- $47.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2014
- Data as of
- 11/2023
- EIN
- 46-1591770
Organization Overview
The Herrnstein Family Foundation is located in New York, NY. The organization was established in 2014. 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. Herrnstein Family 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 11/2023, Herrnstein Family Foundation generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.7m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herrnstein Family Foundation has awarded 53 individual grants totaling $17,363,864. 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 |
|---|---|---|---|
Robeson M Herrnstein President, Member, Secreta | 5 | $0 | |
James R Herrnstein Vice President, Member, Tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,031,161 |
| Interest on Savings | $175,573 |
| Dividends & Interest | $757,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $649,975 |
| Capital Gain Net Income | $695,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,613,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $840 |
| Total operating and administrative expenses | $143,967 |
| Contributions, gifts, grants paid | $2,554,341 |
| Total expenses and disbursements | $2,698,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,439 |
| 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 | $42,874,840 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,345,240 |
| 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 Herrnstein Family Foundation has awarded $2,554,341 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM NATURE TRAIL PURPOSE: TO HELP THE SUPPORT ORGANIZATIONS HEALTHCARE MISSION. | $25,000 |
CHILDREN AND SCREENS PURPOSE: TO FULFILL THE ORGANIZATION'S EXEMPT MISSION | $60,000 |
COLD SPRING HARBOR LABORATORY PURPOSE: TO HELP THE SUPPORT ORGANIZATIONS HEALTHCARE MISSION. | $5,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: TO FULFILL THE ORGANIZATION'S EXEMPT MISSION | $5,000 |
KING BAUDOUIN FOUNDATION UNITED STATES PURPOSE: TO HELP THE SUPPORT ORGANIZATIONS HEALTHCARE MISSION. | $10,000 |
LAST MILE HEALTH PURPOSE: TO HELP THE SUPPORT ORGANIZATIONS HEALTHCARE MISSION. | $10,000 |