Nonprofit · EIN 47-0896236
HERMAN FOUNDATION
Tax-exempt · BENNINGTON, NE 68007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $304,272 | $283,742 | $20,530 | $4,104,779 | $0 | $4,104,779 |
| December 31, 2023 | 990-PF | $120,576 | $254,078 | -$133,502 | $4,085,381 | $0 | $4,085,381 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $131,148
- Net gain from sales of assets
- $173,124
Expenses
- Grants and similar amounts paid
- $220,000
- Compensation of officers, directors and key employees
- $48,000
- Disbursements for charitable purposes
- $220,000
- Excise tax on investment income
- $3,536
Balance sheet and other
- Total assets, start of year
- $4,085,381
- Total assets, end of year
- $4,104,779
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,104,779
- Fair market value of assets
- $4,104,779
- Qualifying distributions
- $220,000
- Net investment income
- $304,272
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD M HERMAN 11404 W DODGE RD STE 700, OMAHA, NE 68154 | PRESIDENT,TREASURER, DIREC | 2 | $48,000 |
| RICHARD CARSTENS 11404 W DODGE RD STE 700, OMAHA, NE 68154 | SECRETARY, DIRECTOR | 1 | $0 |
| DR RICHARD A CARSTENS 11404 W DODGE RD STE 700, OMAHA, NE 68154 | VICE PRESIDENT, DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD M HERMAN 11923 NO 173RD CIRCLE BENNINGTON NE, 68007-5713, OMAHA, NE 68124 | PRESIDENT,TREASURER, DIREC | 2 | $48,000 |
| RICHARD CARSTENS 11404 W DODGE RD STE 700, OMAHA, NE 68154 | SECRETARY, DIRECTOR | 1 | $0 |
| DR RICHARD A CARSTENS 11404 W DODGE RD STE 700, OMAHA, NE 68154 | VICE PRESIDENT, DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11923 N 173RD CIR, BENNINGTON, NE 68007-5713
- In care of
- % RICHARD M HERMAN
- Signed the 990-PF
- RICHARD HERMAN, PRESIDENT
- Phone
- (402) 343-0102
- Return prepared by
- FRANKEL LLC
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-0896236
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $4,104,779
- Income (IRS master file)
- $514,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $304,272 | $283,742 | $4,104,779 | IRS |
| 990-PF | December 2023 | $120,576 | $254,078 | $4,085,381 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 47-0896236).
Questions about HERMAN FOUNDATION
- What is the EIN of HERMAN FOUNDATION?
- The employer identification number (EIN) of HERMAN FOUNDATION is 47-0896236.
- Is HERMAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to HERMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HERMAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HERMAN FOUNDATION 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 HERMAN FOUNDATION 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 HERMAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $48,000 (RICHARD M HERMAN, PRESIDENT,TREASURER, DIREC).
- How much revenue does HERMAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $304,272, expenses of $283,742 and total assets of $4,104,779 at year end.
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