Hertzman Foundation Inc
- Assets
- $1.6m
- Revenue
- $101.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 61-1230193
Organization Overview
Hertzman Foundation Inc is located in Louisville, KY. 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. Hertzman 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 12/2022, Hertzman Foundation Inc generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $236.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Hertzman Foundation Inc has awarded 52 individual grants totaling $190,000. 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 |
|---|---|---|---|
Allen F Hertzman Treasurer - Director | 1 | $0 | |
Joseph Hertzman President - Director | 1 | $0 | |
Jill H Prolman Secretary - Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,690 |
| Dividends & Interest | $36,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,416 |
| Capital Gain Net Income | $62,416 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,044 |
| Total operating and administrative expenses | $46,606 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $236,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,212 |
| 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 | $1,627,964 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,646,176 |
| 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, Hertzman Foundation Inc has awarded $190,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL CARE SOCIETY PURPOSE: ANIMAL CARE | $500 |
AXIS MUNDI CENTER FOR MENTAL HEALTH PURPOSE: HEALTH & HUMAN SERVICES | $6,000 |
BIG BROTHERS AND BIG SISTERS OF KENTUCKIANA PURPOSE: YOUTH SERVICES | $500 |
EPILEPSY FOUNDATION OF KENTUCKIANA INC PURPOSE: HEALTH & HUMAN SERVICES | $1,500 |
CONGREGATION BETH ISRAEL PURPOSE: RELIGIOUS/EDUCATIONAL | $3,000 |
CONGREGATION OCEAN REEF PURPOSE: RELIGIOUS/EDUCATIONAL | $2,550 |