Herscher Foundation Inc United National Bank Trust Dept
- Assets
- $2.4m
- Revenue
- $183.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 03/1962
- Data as of
- 12/2021
- EIN
- 55-6018744
Organization Overview
Herscher Foundation Inc United National Bank Trust Dept is located in Charleston, WV. The organization was established in 1962. According to its NTEE Classification (Q42) the organization is classified as: United Nations Associations, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herscher Foundation Inc United National Bank Trust Dept 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, Herscher Foundation Inc United National Bank Trust Dept generated $183.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $194.0k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 4 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 2020, Herscher Foundation Inc United National Bank Trust Dept has awarded 61 individual grants totaling $328,650. 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 |
|---|---|---|---|
John F Allevato Secretary | 1 | $0 | |
Michael Wehrle Vice President | 1 | $0 | |
H Dill Battle III Trustee | 1 | $0 | |
Susan Salisbury President & Treasurer | 2 | $0 | |
W Marston Becker Trustee | 1 | $0 | |
Thomas A Heywood Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $56,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,691 |
| Capital Gain Net Income | $126,691 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,835 |
| Contributions, gifts, grants paid | $168,150 |
| Total expenses and disbursements | $193,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,940 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,430,062 |
| 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, Herscher Foundation Inc United National Bank Trust Dept has awarded $168,150 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: EDUCATION | $15,000 |
CLAY CENTER PURPOSE: CULTURAL ACTIVITIES | $15,000 |
WEST VIRGINIA SYMPHONY PURPOSE: CULTURAL ACTIVITIES | $15,000 |
UNIVERSITY OF CHARLESTON HEALTH CARE BOOTCAMP PURPOSE: SOCIAL AND WELFARE SERVICES | $12,500 |
UNITED WAY PURPOSE: SOCIAL AND WELFARE SERVICES | $10,000 |
Charleston, WV PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Livestock Research Institute Alexandria, VA | $103,836,000 | $97,042,000 |
American Committee For The Weizmann Institute Of Science Inc New York, NY | $998,462,000 | $135,716,000 |
Technoserve Inc Arlington, VA | $114,276,337 | $96,632,627 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
Human Rights Watch Inc New York, NY | $201,979,141 | $70,485,098 |
Smile Train Inc New York, NY | $367,014,519 | $98,260,551 |
World Relief Corp Of National Association Of Evangelicals Baltimore, MD | $37,205,019 | $88,134,638 |