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Nonprofit · EIN 23-7230686

RICHARD AND ETHEL HERZFELD FOUNDATION INC

Tax-exempt · MILWAUKEE, WI 53202

Financials

$1.5M$2.9M2023$8.8M$4.8M2024
Revenue Expenses · by fiscal year end
Financials of RICHARD AND ETHEL HERZFELD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$8,834,034$4,774,157$4,059,877$81,540,251$12,111$81,528,140
December 31, 2023990-PF$1,455,675$2,903,299-$1,447,624$76,210,557$263$76,210,294
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,721,281
Net gain from sales of assets
$7,160,086
Other income
-$47,333

Expenses

Grants and similar amounts paid
$4,154,500
Compensation of officers, directors and key employees
$51,600
Salaries, compensation and benefits (total)
$220,417
Disbursements for charitable purposes
$4,581,742
Excise tax on investment income
$120,119

Balance sheet and other

Total assets, start of year
$76,210,557
Total assets, end of year
$81,540,251
Total liabilities, end of year
$12,111
Net assets, end of year
$81,528,140
Fair market value of assets
$81,540,251
Qualifying distributions
$4,581,742
Net investment income
$8,834,034

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JULIETTE DAHMS
219 N MILWAUKEE ST 7TH FLOOR, MILWAUKEE, WI 53202
VICE PRESIDENT
Highest-paid employee
40$158,298$33,856
ROB HENKEN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
EXECUTIVE DIRECTOR40$50,417$0
FRED HABERMAN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
PRESIDENT4$10,800$0
SARAH HABERMAN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
TREASURER2$10,800$0
DONNA BAUMGARTNER
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
VICE PRESIDENT2$10,000$0
ALEXANDER FRASER
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
SECRETARY2$10,000$0
KATHERINE A HEIL
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
DIRECTOR2$10,000$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
JULIETTE DAHMS
219 N MILWAUKEE ST 7TH FLOOR, MILWAUKEE, WI 53202
VICE PRESIDENT
Highest-paid employee
40$144,397$43,843
FRED HABERMAN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
PRESIDENT4$11,200$0
SARAH HABERMAN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
TREASURER2$11,200$0
DONNA BAUMGARTNER
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
VICE PRESIDENT2$10,000$0
ALEXANDER FRASER
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
SECRETARY2$10,000$0
KATHERINE A HEIL
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
DIRECTOR2$10,000$0
CARMEN HABERMAN
219 N MILWAUKEE ST, MILWAUKEE, WI 53202
EX-PRESIDENT2$0$0

Address and contacts

Address (IRS master file)
219 N MILWAUKEE STREET 7 FL, MILWAUKEE, WI 53202-5818
Signed the 990-PF
ROB HENKEN, EXECUTIVE DIRECTOR
Phone
(414) 727-1136
Return prepared by
RITZ HOLMAN LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7230686
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1974
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$81,540,251
Income (IRS master file)
$44,857,033

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$8,834,034$4,774,157$81,540,251IRS
990-PFDecember 2023$1,455,675$2,903,299$76,210,557XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7230686).

Questions about RICHARD AND ETHEL HERZFELD FOUNDATION INC

What is the EIN of RICHARD AND ETHEL HERZFELD FOUNDATION INC?
The employer identification number (EIN) of RICHARD AND ETHEL HERZFELD FOUNDATION INC is 23-7230686.
Is RICHARD AND ETHEL HERZFELD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to RICHARD AND ETHEL HERZFELD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does RICHARD AND ETHEL HERZFELD FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of RICHARD AND ETHEL HERZFELD FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RICHARD AND ETHEL HERZFELD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of RICHARD AND ETHEL HERZFELD FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $158,298 (JULIETTE DAHMS, VICE PRESIDENT).
How much revenue does RICHARD AND ETHEL HERZFELD FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,834,034, expenses of $4,774,157 and total assets of $81,540,251 at year end.

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