Bernard & Pauline Herbert Scholarship Trust 0400221700

Chicago, IL
Tax-exempt since Dec. 2007
EIN: 20-6945564

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$167k (2023)

Expenses

$239k (2023)

Total Assets

$3.5M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$167,066

Expenses

$239,225

Net Income

-$72,159

Net Assets

$3,500,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$117,189	70.1%
Sales of Assets	$48,557	29.1%
Other Income	$1,320	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$207,090	86.6%
Compensation of Officers*	$55,604	23.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,500,830
Total Liabilities	$0
Net Assets	$3,500,830

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$55,604	$0

990-PF

Filed on April 22, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$92,571

Expenses

$267,089

Net Income

-$174,518

Net Assets

$3,573,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$131,694	> 100%
Sales of Assets	-$39,123
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$227,307	85.1%
Compensation of Officers*	$56,923	21.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,573,022
Total Liabilities	$0
Net Assets	$3,573,022

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$56,923	$0

990-PF

Filed on May 1, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$326,114

Expenses

$248,917

Net Income

$77,197

Net Assets

$3,748,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$135,409	41.5%
Sales of Assets	$190,705	58.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$212,349	85.3%
Compensation of Officers*	$59,344	23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,748,513
Total Liabilities	$0
Net Assets	$3,748,513

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$59,344	$0

990-PF

Filed on April 25, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$171,947

Expenses

$238,255

Net Income

-$66,308

Net Assets

$3,671,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$90,251	52.5%
Sales of Assets	$81,696	47.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$203,722	85.5%
Compensation of Officers*	$51,602	21.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,671,139
Total Liabilities	$1
Net Assets	$3,671,138

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$51,602	$0

990-PF

Filed on April 27, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$221,962

Expenses

$242,200

Net Income

-$20,238

Net Assets

$3,738,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$114,744	51.7%
Sales of Assets	$107,218	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$203,525	84.0%
Compensation of Officers*	$48,184	19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,738,115
Total Liabilities	$1
Net Assets	$3,738,114

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank N A (Trustee)	$48,184	$0

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 Dec.
2018

Revenue

$342,795

Expenses

$231,970

Net Income

$110,825

Net Assets

$3,759,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$131,196	38.3%
Sales of Assets	$211,599	61.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,673	86.5%
Compensation of Officers*	$38,413	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,759,281
Total Liabilities	$0
Net Assets	$3,759,281

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank N A (Trustee)	$38,413	$0

990-PF

Filed on May 6, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$218,715

Expenses

$214,300

Net Income

$4,415

Net Assets

$3,649,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$103,012	47.1%
Sales of Assets	$108,540	49.6%
Other Income	$7,163	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$191,230	89.2%
Compensation of Officers*	$34,005	15.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,649,158
Total Liabilities	$0
Net Assets	$3,649,158

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$34,005	$0

990-PF

Filed on May 9, 2018

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2016

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 Dec.
2015

Revenue

$93,148

Expenses

$248,148

Net Income

-$155,000

Net Assets

$3,756,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$89,783	96.4%
Sales of Assets	$4,125	4.4%
Other Income	-$760

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$212,388	85.6%
Compensation of Officers*	$39,936	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,756,303
Total Liabilities	$0
Net Assets	$3,756,303

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$432,996

Expenses

$246,057

Net Income

$186,939

Net Assets

$3,947,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$230,772	53.3%
Sales of Assets	$201,743	46.6%
Other Income	$481	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,418	82.3%
Compensation of Officers*	$43,897	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,947,137
Total Liabilities	$0
Net Assets	$3,947,137

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$292,927

Expenses

$235,316

Net Income

$57,611

Net Assets

$3,785,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$85,322	29.1%
Sales of Assets	$204,742	69.9%
Other Income	$2,863	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,899	84.9%
Compensation of Officers*	$45,579	19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,785,562
Total Liabilities	$0
Net Assets	$3,785,562

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$176,753

Expenses

$243,359

Net Income

-$66,606

Net Assets

$3,655,684

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$86,759	49.1%
Sales of Assets	$84,426	47.8%
Other Income	$5,568	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$203,326	83.5%
Compensation of Officers*	$45,653	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,655,684
Total Liabilities	$0
Net Assets	$3,655,684

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$367,914

Expenses

$244,408

Net Income

$123,506

Net Assets

$3,833,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$97	0.0%
Dividends	$100,056	27.2%
Sales of Assets	$267,455	72.7%
Other Income	$306	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,184	85.2%
Compensation of Officers*	$44,266	18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,833,543
Total Liabilities	$0
Net Assets	$3,833,543

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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Types of Nonprofits

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Updated September 25, 2025

Bernard & Pauline Herbert Scholarship Trust 0400221700

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $167k (2023)

Expenses $239k (2023)

Total Assets $3.5M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$167k (2023)

Expenses

$239k (2023)

Total Assets

$3.5M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006