Herberger Foundation
- Assets
- $2.0m
- Revenue
- $825.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 86-6050190
Organization Overview
Herberger Foundation is located in Scottsdale, AZ. The organization was established in 1964. 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. Herberger 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, Herberger Foundation generated $825.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herberger Foundation has awarded 82 individual grants totaling $3,758,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERBERGER FOUNDATION ("THE FOUNDATION") MAKES NO PROGRAM RELATED INVESTMENTS. NO DIRECT CHARITABLE ACTIVITES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES IN CONNECTION WITH THE TAX-EXEMPT PURPOSE WERE ALLOCATED TO GRANT-MAKING ACTIVITES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCATED TO THE INVESTMENT ACTIVITES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Jo Herberger President & Director | 0.5 | $0 | |
Michael J Dempsey Vp, Secr., Treas., & Direc | 0.75 | $0 | |
Gregg Hanks Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $746,270 |
| Capital Gain Net Income | $746,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,453 |
| Total Revenue | $825,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,276 |
| Total operating and administrative expenses | $17,493 |
| Contributions, gifts, grants paid | $1,126,000 |
| Total expenses and disbursements | $1,143,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,905 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,013,372 |
| 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, Herberger Foundation has awarded $1,126,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: MEDICAL RESEARCH & EDUCATION | $25,000 |
ACT ONE PURPOSE: MAKE THE ARTS ACCESSIBLE TO CHILDREN & FAMILIES | $15,000 |
ARIZONA BROADWAY THEATER PURPOSE: PERFORMING ARTS | $25,000 |
ARIZONA CITIZENS FOR THE ARTS PURPOSE: PROMOTE AWARENESS OF ARTS & PROMOTE PUBLIC & PRIVATE SUPPORT FOR THE ARTS | $10,000 |
ARIZONA OPERA PURPOSE: PERFORMING ARTS | $160,000 |
ARIZONA THEATRE COMPANY PURPOSE: PERFORMING ARTS | $25,000 |