Linda J And Michael D Hershberger Family Foundation
- Assets
- $555.7k
- Revenue
- $16.7k
- Investments
- $517.0k
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-2920163
Organization Overview
Linda J And Michael D Hershberger Family Foundation is located in Middleton, WI. The organization was established in 2018. 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. Linda J And Michael D Hershberger Family 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 12/2023, Linda J And Michael D Hershberger Family Foundation generated $16.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.5%) each year. All expenses for the organization totaled $41.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Linda J And Michael D Hershberger Family Foundation has awarded 87 individual grants totaling $150,509. 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
IN 2023, THE FOUNDATION PROVIDED SUPPORT TO 21 EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Hershberger President | 2 | $0 | |
Michael Hershberger Treasurer | 0.5 | $0 | |
Daniel Hershberger Vice President | 0.5 | $0 | |
Jenna Hershberger Vice President | 0.5 | $0 | |
Benjamin Hershberger Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $13,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,208 |
| Capital Gain Net Income | $3,208 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $9,419 |
| Contributions, gifts, grants paid | $32,093 |
| Total expenses and disbursements | $41,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,578 |
| Savings and temporary cash investments | $37,079 |
| 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 | $555,705 |
| 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, Linda J And Michael D Hershberger Family Foundation has awarded $32,093 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BLACKHAWK EVANGELICAL FREE CHURCH INC PURPOSE: $1,000 TO SUPPORT ADVENT CONSPIRACY AND $1,000 IN GENERAL SUPPORT | $2,000 |
BOYS AND GIRLS CLUB OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $608 |
BOYS AND GIRLS CLUB OF TAMPA BAY PURPOSE: $750 TO SPONSOR THE GREAT FUTURES BREAKFAST AND $2,250 TO SPONSOR THE TASTE OF KENTUCKY EVENT | $3,000 |
CARE NET PREGNANCY CENTER OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $600 |
CATHOLIC CHARITIES OF MADISON PURPOSE: SUPPORT FOR THE BEACON DAY RESOURCE CENTER | $600 |
CRU PURPOSE: GENERAL SUPPORT | $1,000 |