Herndon Foundation

Richmond, VA
Tax-exempt since Sept. 1966
EIN: 54-6060809

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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.

Donations to this organization are tax deductible.

Revenue

$22.5M (2023)

Expenses

$6.04M (2023)

Total Assets

$41.5M (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

$22,490,045

Expenses

$6,043,237

Net Income

$16,446,808

Net Assets

$41,497,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,231,058	63.3%
Interest Revenue	$3,250	0.0%
Dividends	$2,105,223	9.4%
Sales of Assets	$5,882,954	26.2%
Other Income	$267,560	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,720,119	94.7%
Compensation of Officers*	$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	$41,497,576
Total Liabilities	$0
Net Assets	$41,497,576

Compensation

Key Employees and Officers	Compensation	Other
William M Gottwald (Trustee)	$0	$0
James T Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Aug. 13, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$5,294,934

Expenses

$5,624,613

Net Income

-$329,679

Net Assets

$27,022,319

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$285,382	5.4%
Interest Revenue	$6,731	0.1%
Dividends	$1,885,954	35.6%
Sales of Assets	$2,864,081	54.1%
Other Income	$252,786	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,400,543	96.0%
Compensation of Officers*	$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	$27,022,319
Total Liabilities	$0
Net Assets	$27,022,319

Compensation

Key Employees and Officers	Compensation	Other
William M Gottwald (Trustee)	$0	$0
James T Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Aug. 18, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$9,099,311

Expenses

$4,363,164

Net Income

$4,736,147

Net Assets

$30,381,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,015,919	33.1%
Interest Revenue	$4,662	0.1%
Dividends	$1,678,249	18.4%
Sales of Assets	$4,216,775	46.3%
Other Income	$183,706	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,207,836	96.4%
Compensation of Officers*	$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	$30,381,361
Total Liabilities	$0
Net Assets	$30,381,361

Compensation

Key Employees and Officers	Compensation	Other
William M Gottwald (Trustee)	$0	$0
James T Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Nov. 2, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$2,475,680

Expenses

$4,272,097

Net Income

-$1,796,417

Net Assets

$25,755,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,873	0.4%
Interest Revenue	$27,266	1.1%
Dividends	$2,292,329	92.6%
Sales of Assets	$0
Other Income	$169,998	6.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,125,849	96.6%
Compensation of Officers*	$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	$25,755,396
Total Liabilities	$1
Net Assets	$25,755,395

Compensation

Key Employees and Officers	Compensation	Other
William M Gottwald (Trustee)	$0	$0
James T Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Sept. 23, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$3,145,068

Expenses

$4,830,913

Net Income

-$1,685,845

Net Assets

$27,569,721

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,779	0.4%
Interest Revenue	$86,200	2.7%
Dividends	$1,796,968	57.1%
Sales of Assets	$1,137,375	36.2%
Other Income	$93,688	3.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,622,850	95.7%
Compensation of Officers*	$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	$27,569,722
Total Liabilities	$1
Net Assets	$27,569,721

Compensation

Key Employees and Officers	Compensation	Other
William M Gottwald (Trustee)	$0	$0
James T Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Nov. 6, 2020

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,464,296

Expenses

$5,338,402

Net Income

-$1,874,106

Net Assets

$29,317,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$88,317	2.5%
Dividends	$1,742,215	50.3%
Sales of Assets	$1,516,056	43.8%
Other Income	$96,918	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,835,625	90.6%
Compensation of Officers*	$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	$29,317,179
Total Liabilities	$0
Net Assets	$29,317,179

Compensation

Key Employees and Officers	Compensation	Other
James T Gottwald (Trustee)	$0	$0
William M Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Oct. 28, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$3,381,871

Expenses

$4,204,671

Net Income

-$822,800

Net Assets

$28,904,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$87,140	2.6%
Dividends	$1,651,333	48.8%
Sales of Assets	$1,484,127	43.9%
Other Income	$138,481	4.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,075,350	96.9%
Compensation of Officers*	$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	$28,904,985
Total Liabilities	$0
Net Assets	$28,904,985

Compensation

Key Employees and Officers	Compensation	Other
James T Gottwald (Trustee)	$0	$0
William M Gottwald (Trustee)	$0	$0
John D Gottwald (Trustee)	$0	$0

990-PF

Filed on Nov. 5, 2018

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

View Filing

Schedules ▼

PDF XML

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

$2,534,812

Expenses

$3,379,577

Net Income

-$844,765

Net Assets

$26,156,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$97,633	3.9%
Dividends	$1,589,795	62.7%
Sales of Assets	$847,384	33.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,252,900	96.3%
Compensation of Officers*	$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	$26,156,537
Total Liabilities	$0
Net Assets	$26,156,537

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$3,616,689

Expenses

$3,834,766

Net Income

-$218,077

Net Assets

$27,001,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$97,763	2.7%
Dividends	$1,622,379	44.9%
Sales of Assets	$1,896,547	52.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,753,565	97.9%
Compensation of Officers*	$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	$27,001,302
Total Liabilities	$0
Net Assets	$27,001,302

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2013

Revenue

$8,280,898

Expenses

$3,327,661

Net Income

$4,953,237

Net Assets

$27,219,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$198,503	2.4%
Dividends	$1,130,540	13.7%
Sales of Assets	$6,951,855	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,248,450	97.6%
Compensation of Officers*	$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	$27,219,379
Total Liabilities	$0
Net Assets	$27,219,379

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$7,885,733

Expenses

$2,297,633

Net Income

$5,588,100

Net Assets

$22,266,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$208,673	2.6%
Dividends	$2,897,948	36.7%
Sales of Assets	$4,779,112	60.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,231,923	97.1%
Compensation of Officers*	$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	$22,266,142
Total Liabilities	$0
Net Assets	$22,266,142

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$890,663

Expenses

$1,710,883

Net Income

-$820,220

Net Assets

$16,678,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$233,801	26.3%
Dividends	$612,393	68.8%
Sales of Assets	$44,469	5.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,644,144	96.1%
Compensation of Officers*	$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	$16,678,042
Total Liabilities	$0
Net Assets	$16,678,042

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Herndon Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $22.5M (2023)

Expenses $6.04M (2023)

Total Assets $41.5M (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

990-T

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

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

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

990-T

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

Revenue

$22.5M (2023)

Expenses

$6.04M (2023)

Total Assets

$41.5M (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

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001