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Herman Family Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$864 (2023)

Expenses
$2.61k (2023)

Total Assets
$51.3k (2023)

Total Liabilities
$9.49k (2023)

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$864
Expenses
$2,607
Net Income
-$1,743
Net Assets
$41,829
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $782
90.5%
Sales of Assets $82
9.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,160
44.5%
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 $51,315
Total Liabilities $9,486
Net Assets $41,829
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,235
Expenses
$2,584
Net Income
-$1,349
Net Assets
$43,572
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $626
50.7%
Sales of Assets $609
49.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,149
44.5%
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 $50,712
Total Liabilities $7,140
Net Assets $43,572
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,161
Expenses
$2,617
Net Income
$5,544
Net Assets
$44,921
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $901
11.0%
Sales of Assets $7,260
89.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,140
43.6%
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 $49,687
Total Liabilities $4,766
Net Assets $44,921
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,103
Expenses
$2,760
Net Income
-$3,863
Net Assets
$39,377
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,463
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,139
41.3%
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 $41,847
Total Liabilities $2,470
Net Assets $39,377
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$864
Expenses
$2,804
Net Income
-$3,668
Net Assets
$43,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $21
Dividends $720
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,338
47.7%
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 $43,430
Total Liabilities $190
Net Assets $43,240
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,811
Expenses
$4,321
Net Income
-$510
Net Assets
$46,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $21
0.6%
Dividends $296
7.8%
Sales of Assets $3,494
91.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,816
65.2%
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 $46,908
Total Liabilities $0
Net Assets $46,908
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,864
Expenses
$10,302
Net Income
-$5,438
Net Assets
$47,418
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8
0.2%
Dividends $717
14.7%
Sales of Assets $4,139
85.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,687
84.3%
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 $47,418
Total Liabilities $0
Net Assets $47,418
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$3,614
Expenses
$2,767
Net Income
-$6,381
Net Assets
$52,856
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
Dividends $343
Sales of Assets -$3,960
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,145
41.4%
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 $52,856
Total Liabilities $0
Net Assets $52,856
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,456
Expenses
$2,705
Net Income
$10,751
Net Assets
$59,237
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,045
7.8%
Sales of Assets $12,411
92.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,186
43.8%
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 $59,237
Total Liabilities $0
Net Assets $59,237
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,811
Expenses
$2,753
Net Income
$1,058
Net Assets
$48,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,447
38.0%
Sales of Assets $2,364
62.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,196
43.4%
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 $60,460
Total Liabilities $11,974
Net Assets $48,486
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,974
Expenses
$2,760
Net Income
-$786
Net Assets
$47,428
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,128
57.1%
Sales of Assets $846
42.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,205
43.7%
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 $60,250
Total Liabilities $12,822
Net Assets $47,428
Compensation
Key Employees and Officers Compensation Other
Tim Herman (President, Vice Pres, Trea) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,547
Expenses
$3,418
Net Income
-$1,871
Net Assets
$48,214
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,168
75.5%
Sales of Assets $379
24.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,534
44.9%
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 $58,626
Total Liabilities $10,412
Net Assets $48,214

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,556
Expenses
$1,005,448
Net Income
-$957,892
Net Assets
$46,035
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,674
5.6%
Sales of Assets $44,882
94.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,001,206
99.6%
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 $53,377
Total Liabilities $7,342
Net Assets $46,035

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

About This Data

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Types of Nonprofits

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