The C M Herndon Foundation
- Assets
- $3.9m
- Revenue
- $193.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 58-2018112
Organization Overview
The C M Herndon Foundation is located in Durham, NC. The organization was established in 1993. 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. C M Herndon 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 12/2022, C M Herndon Foundation generated $193.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $248.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, C M Herndon Foundation has awarded 56 individual grants totaling $540,000. 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 |
|---|---|---|---|
Edwin J Walker Trustee | 5 | $25,000 | |
Kevin Godwin Trustee | 5 | $20,000 | |
Christopher A Tikvart Trustee | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $142,908 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,308 |
| Capital Gain Net Income | $50,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173 |
| Total operating and administrative expenses | $83,441 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $248,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,987 |
| 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 | $3,947,458 |
| Accounts payable and accrued expenses | $4,973 |
| 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 | $4,973 |
Grants Awarded
Over the last fiscal year, The C M Herndon Foundation has awarded $165,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE AT THE TABLE PURPOSE: GENERAL CONTRIBUTION | $5,000 |
CARING HOUSE PURPOSE: GENERAL CONTRIBUTION | $10,000 |
CRAYONS 2 CALCULATORS PURPOSE: GENERAL CONTRIBUTION | $5,000 |
DUKE DIVINITY SCHOOL PURPOSE: GENERAL CONTRIBUTION | $15,000 |
DURHAM LIBRARY FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $5,000 |
DURHAM RESCUE MISSION PURPOSE: GENERAL CONTRIBUTION | $5,000 |