Hirsch Family Foundation Inc
- Assets
- $838.1k
- Revenue
- $156.2k
- Investments
- $790.2k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-3595337
Organization Overview
Hirsch Family Foundation Inc is located in Baltimore, MD. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Hirsch Family 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 12/2023, Hirsch Family Foundation Inc generated $156.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $54.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hirsch Family Foundation Inc has awarded 31 individual grants totaling $136,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas M Hirsch President Director | 1 | $0 | |
Sharon A Hirsch Vice President | 1 | $0 | |
Adam C Hirsch Secretary | 1 | $0 | |
John T Hirsch Treasurer | 1 | $0 | |
Joseph J Hirsch Director | 1 | $0 | |
Mary C Hirsch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $28,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $3,216 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $54,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,926 |
| Savings and temporary cash investments | $0 |
| 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 | $790,189 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $838,115 |
| 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, Hirsch Family Foundation Inc has awarded $51,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ST ELIZABETH ANN SETON PARISH PURPOSE: TO SUPPORT THE MISSION OF THE CATHOLIC CHURCH | $15,000 |
VEHICLES FOR CHANGE PURPOSE: TO SUPPORT THE EMPOWERMENT OF FAMILIES WITH FINANCIAL CHALLENGES TO ACHEIVE ECONOMIC AND PERSONAL | $5,000 |
THE COMPLETE PLAYER'S CHARITY PURPOSE: TO PROVIDE SUPPORT TO THE YOUTH EMPOWERMENT PROGRAM | $1,500 |
WOMEN'S CARE CENTER PURPOSE: TO PROVIDE FUNDING FOR SUPPORT AND EDUCATION FOR PREGNANT WOMEN | $2,000 |
HOPE ACADEMY PURPOSE: TO SUPPORT CHILDRENS GROWTH AND DEVELOPMENT | $4,000 |
ATLANTIC CLUB PURPOSE: TO SUPPORT COMMUNITY FUNDRAISING EVENTS | $5,000 |