Herson-Stirman Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $209.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 52-2279879
Organization Overview
Herson-Stirman Family Foundation Inc is located in Knoxville, TN. The organization was established in 2001. 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. Herson-Stirman Family 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 12/2023, Herson-Stirman Family Foundation Inc generated $209.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $178.5k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 8 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 2016, Herson-Stirman Family Foundation Inc has awarded 230 individual grants totaling $1,407,750. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia S Herson President, Director | 0.5 | $0 | |
Carole H Martin Vice-Pres., Director | 1 | $0 | |
Gail Herson Treasurer, Director | 0.5 | $0 | |
Lynn H Grad Secretary, Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,823 |
| Capital Gain Net Income | $170,833 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $637 |
| Total operating and administrative expenses | $21,514 |
| Contributions, gifts, grants paid | $157,000 |
| Total expenses and disbursements | $178,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,715 |
| 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 | $23,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,465,917 |
| 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, Herson-Stirman Family Foundation Inc has awarded $157,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $1,500 |
BREAD FOR THE CITY PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $500 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $4,000 |
CAPITAL AREA FOOD BANK PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $1,500 |
CLAYTON DABNEY FOUNDATION PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $3,500 |
DC CENTRAL KITCHEN PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION | $6,500 |