Herman Forbes Charitable Trust

Chicago, IL
Tax-exempt since April 2023
EIN: 13-6814404

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$418k (2025)

Expenses

$498k (2025)

Total Assets

$5.1M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2025

Revenue

$417,898

Expenses

$497,918

Net Income

-$80,020

Net Assets

$5,096,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$200,056	47.9%
Sales of Assets	$217,842	52.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$436,376	87.6%
Compensation of Officers*	$102,479	20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,096,943
Total Liabilities	$0
Net Assets	$5,096,943

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$81,590	$0
Benjamin A Hering Esq (Co Trustee)	$11,990	$0
Jeffrey W Richman (Co Trustee)	$8,899	$0

990-PF

Filed on Aug. 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending March
2024

Revenue

$238,749

Expenses

$517,319

Net Income

-$278,570

Net Assets

$5,176,962

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$184,183	77.1%
Sales of Assets	$54,566	22.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$464,159	89.7%
Compensation of Officers*	$86,769	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,176,962
Total Liabilities	$0
Net Assets	$5,176,962

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$76,017	$0
Benjamin A Hering Esq (Co Trustee)	$10,752	$0

990-PF

Filed on Feb. 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending March
2023

Revenue

$284,371

Expenses

$480,592

Net Income

-$196,221

Net Assets

$5,445,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$130,047	45.7%
Sales of Assets	$154,316	54.3%
Other Income	$8	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$425,907	88.6%
Compensation of Officers*	$83,422	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,445,548
Total Liabilities	$0
Net Assets	$5,445,548

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$75,824	$0
Benjamin A Hering Esq (Co Trustee)	$7,598	$0

990-PF

Filed on Aug. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2022

Revenue

$311,889

Expenses

$299,545

Net Income

$12,344

Net Assets

$5,641,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$146,920	47.1%
Sales of Assets	$164,969	52.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$237,506	79.3%
Compensation of Officers*	$98,148	32.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,641,801
Total Liabilities	$0
Net Assets	$5,641,801

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank Na (Trustee)	$89,484	$0
Benjamin A Hering Esq (Co Trustee)	$8,664	$0

990-PF

Filed on Aug. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2021

Revenue

$375,000

Expenses

$520,640

Net Income

-$145,640

Net Assets

$5,628,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$147,927	39.4%
Sales of Assets	$227,073	60.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$452,057	86.8%
Compensation of Officers*	$95,429	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,628,179
Total Liabilities	$1
Net Assets	$5,628,178

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank N A (Trustee)	$81,958	$0
Benjamin A Hering Esq (Co Trustee)	$8,964	$0
William H Fleece (Co Trustee)	$4,507	$0

990-PF

Filed on Aug. 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2020

Revenue

$429,366

Expenses

$482,855

Net Income

-$53,489

Net Assets

$5,739,477

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$174,159	40.6%
Sales of Assets	$255,207	59.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$417,508	86.5%
Compensation of Officers*	$96,673	20.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,739,478
Total Liabilities	$1
Net Assets	$5,739,477

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank N A (Trustee)	$81,999	$0
William H Fleece (Co Trustee)	$7,337	$0
Benjamin A Hering Esq (Co Trustee)	$5,685	$0
Gerald Moss (Co Trustee)	$1,652	$0

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990-PF

Filed on June 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2019

Revenue

$357,817

Expenses

$507,348

Net Income

-$149,531

Net Assets

$5,792,967

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$174,857	48.9%
Sales of Assets	$182,960	51.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$433,692	85.5%
Compensation of Officers*	$108,605	21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,792,967
Total Liabilities	$0
Net Assets	$5,792,967

Compensation

Key Employees and Officers	Compensation	Other
Jpmorgan Chase Bank N A (Trustee)	$81,759	$0
William H Fleece (Co Trustee)	$13,423	$0
Benjamin A Hering Esq (Co Trustee)	$6,712	$0
Gerald Moss (Co Trustee)	$6,711	$0

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990-PF

Filed on Aug. 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending March
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2016

Revenue

$284,852

Expenses

$501,376

Net Income

-$216,524

Net Assets

$6,329,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$199,597	70.1%
Sales of Assets	$85,255	29.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$435,687	86.9%
Compensation of Officers*	$104,843	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,329,966
Total Liabilities	$0
Net Assets	$6,329,966

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2015

Revenue

$376,736

Expenses

$506,073

Net Income

-$129,337

Net Assets

$6,533,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$201,187	53.4%
Sales of Assets	$175,549	46.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$416,930	82.4%
Compensation of Officers*	$109,522	21.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,533,217
Total Liabilities	$0
Net Assets	$6,533,217

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2014

Revenue

$333,734

Expenses

$478,095

Net Income

-$144,361

Net Assets

$6,663,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$214,790	64.4%
Sales of Assets	$118,944	35.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$390,401	81.7%
Compensation of Officers*	$110,605	23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,663,103
Total Liabilities	$0
Net Assets	$6,663,103

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2013

Revenue

$233,232

Expenses

$476,039

Net Income

-$242,807

Net Assets

$6,808,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$227,509	97.5%
Sales of Assets	$5,723	2.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$387,779	81.5%
Compensation of Officers*	$110,118	23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,808,210
Total Liabilities	$0
Net Assets	$6,808,210

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2012

Revenue

$403,245

Expenses

$484,011

Net Income

-$80,766

Net Assets

$7,051,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$137	0.0%
Dividends	$328,702	81.5%
Sales of Assets	$74,406	18.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$384,150	79.4%
Compensation of Officers*	$119,502	24.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,051,018
Total Liabilities	$1
Net Assets	$7,051,017

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated March 23, 2026

Herman Forbes Charitable Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $418k (2025)

Expenses $498k (2025)

Total Assets $5.1M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending March 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending March 2012

Revenue

$418k (2025)

Expenses

$498k (2025)

Total Assets

$5.1M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending March
2025

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2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2001