Herkul Foundation Inc
- Assets
- $68.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Clifton, NJ
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-1234316
Organization Overview
Herkul Foundation Inc is located in Clifton, NJ. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Herkul Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herkul 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 12/2021, Herkul Foundation Inc generated $108.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $75.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmet Sarac Treasurer | 0 | $0 | |
Muhammet Aktas Secretary | 0 | $0 | |
Ramazan Aygun President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,776 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,776 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,456 |
| Professional fees and other payments to independent contractors | $6,040 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,010 |
| Total expenses | $75,506 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,234 |
| Other assets | $0 |
| Total assets | $68,234 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,234 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Herkul Foundation Inc has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $12,000 |
City Of Bridges Foundation Pittsburgh, PA PURPOSE: CHARITABLE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Great Oaks Foundation Inc New York, NY | $2,451,527 | $9,169,233 |
The New York Opportunity Network Inc New York, NY | $9,128,852 | $11,413,843 |
Mid-Atlantic Region Commission On Higher Education Wilmington, DE | $17,355,711 | $12,036,917 |
Mdyhs Inc Brooklyn, NY | $134,976 | $6,680,548 |
East Harlem Tutorial Program Inc New York, NY | $86,316,213 | $22,073,171 |
Coleridge Initiative Incorporated New York, NY | $7,309,753 | $10,132,934 |
New Jersey Childrens Foundation Newark, NJ | $7,913,501 | $9,796,996 |
Camden Education Fund Inc Camden, NJ | $14,065,801 | $15,006,441 |