The M S Hershey Foundation

“Governing body & management several of the board of managers members and officers of the filing organization also serve as directors and officers of business entities that are related to this filing organization.”

“Governing body & management the m.s. Hershey foundation has several operations in hershey, pennsylvania, including the hershey gardens, the hershey community archives, the hershey theatre, and the hershey story, collectively referred to as "foundation operations". These operations exist to preserve and enhance milton hershey's legacy and community vision and to provide educational and cultural enrichment to residents and visitors of hershey, pa. Hershey entertainment & resorts company (he&r), a related for profit operation, has established a reputation for providing high quality services, and has extensive experience providing live performance entertainment, retail, catering, food and beverage and associates services. He&r owns and operates numerous entertainment and hospitality venues in hershey, pennsylvania. Founded in 1927, by milton hershey, he&r's mission and goals include demonstrating sensitivity about the quality of life for the community and using its reservoir of talent and experience to make a positive difference with the m.s. Hershey foundation. In order to enhance foundation operations and further its tax-exempt mission, the m.s. Hershey foundation entered into a contract with he&r to provide various services including the following: 1. Wedding, party and event caterings. 2. Theatre operations management 3. It, communications and security services. Prior to the commencement of services, the m.s. Hershey foundation, assisted by independent outside counsel, evaluated the proposed services to ensure compliance with intermediate sanctions rules pursuant to irc section 4958 and private inurement rules pursuant to treasury regulations 53.4958-4. These services are reviewed and approved by the board of managers on an annual basis. The m.s. Hershey foundation has established an independent committee to periodically review the services being performed and the contractual relationship with he&r to ensure it is in the best interest of the m.s. Hershey foundation to continue using the services of he&r and to ensure compliance with the irc section and treasury regulation noted above.”

“Form 990 review process the form 990 is prepared under the direction of the associate executive director, finance and administration of the m.s. Hershey foundation. The form 990 is reviewed by the executive director of the m.s. Hershey foundation, outside counsel and its independent tax advisors who sign the return as "paid preparers." the managers of the m.s. Hershey foundation reviews and discusses the form 990 either via conference call or at one of its scheduled meetings prior to filing the return with the internal revenue service, noting key disclosures.”

“Conflict of interest the managers, officers and key employees of the m.s. Hershey foundation have a fiduciary relationship with the m.s. Hershey foundation which requires that they act in good faith with regard to the m.s. Hershey foundation's best interests. It is essential in fulfilling their duties that they apply the highest moral, legal, and ethical standards in their conduct and business relationships. Both, the m.s. Hershey foundation and the hershey trust company, trustee for the m.s. Hershey foundation, have written conflict of interest polices which are intended to permit the m.s. Hershey foundation and its managers, officers and other key employees to identify, evaluate and address any conflict of interest that might call into question this fiduciary duty to the m.s. Hershey foundation. The conflict of interest policy covering the managers, officers and key employees is documented in the "conflict of interest" section of the governance guidelines for the m.s. Hershey foundation. Additionally, the conflict of interest policy covering managers, officers and key employees is documented in "ethical standards"conflict of interest"code of conduct" sections of the policy manual for the hershey trust company. Each manager, officer and key employee is required to avoid all activity that could create a conflict of interest or even give an appearance of a conflict of interest. Any conflicts of interest are to be reported as soon as practical after they become aware of such a conflict. Annually each manager, officer and key employee is required to complete an annual statement of disclosure. The forms identify vendors, investments, other board memberships, and family members that could give rise to conflicts of interest. The statements are reviewed by the secretary/general counsel for potential conflicts. Potential conflicts of interest related to managers, officers and key employees are brought to the attention of the chairperson of the managers of the m.s. Hershey foundation. The chairperson (or his/her designee) determines the corrective measure, if any, to be taken to resolve the conflict, or will impose appropriate restrictions, if any on the person with the conflict. For conflicts of interest involving the chairperson, the matter would be discussed with the chair of the audit committee and the chair of the board of the hershey trust company. The two chair persons, in consultation with the other board members, excluding such conflicted person, have the final approval of any recommended corrective measures or imposed restrictions.”

“Compensation process the m.s. Hershey foundation's managers (the governing body of the m.s. Hershey foundation) controls the process in determining whether the total compensation of the executive director is fair and reasonable. This process occurs at the initial hire of the executive director and at regular intervals thereafter. The review of the total compensation of the executive director, includes but is not limited to, a review of comparable executive director total compensation as disclosed in the forms 990 of similar-sized exempt organizations. As part of this process, the compensation information is reviewed and approved by the managers for the executive director. Those managers with a conflict in regard to the executive director's compensation review process abstain from the deliberations. The managers do not receive any compensation from the m.s. Hershey foundation. The compensation of the m.s. Hershey foundation's officers, who are employees of the hershey trust company (trustee of the m.s. Hershey foundation) receive no compensation from the foundation.”

“Public availability of documents the foundation makes the deed of trust available to the public on its website. The foundation's conflict of interest policy and its audited financial statements are available to the public upon request.”

“Summary section volunteers are a vital part of the m.s. Hershey foundation. Many of our volunteers have introduced a child to history, nature or live theatre. Others have helped beautify hershey gardens, ushered a show at the hershey theatre or proudly answered questions about our community's rich history at the museum: the hershey story.”

“To preserve and enhance milton hershey's legacy and community vision and to provide educational and cultural enrichment to the residents of the hershey area. The m.s. Hershey foundation operates the hershey story museum, hershey gardens, hershey theatre and hershey community archives. Through countless volunteers and generous contributions, the non-profit m.s. Hershey foundation continues to enhance the community mr. Hershey built.”

“Statement of program service accomplishments completed during milton hershey's great building campaign program in the 1930s, the new community center building housed hershey theatre, which first opened as a vaudeville and movie house. Today, the theatre is thearea's premier performing arts center. Presenting touring broadway shows, classical music, dance attractions and world renowned entertainers, the theatre's rich history and performing arts presentations provide cultural and educational enrichment to patrons of all ages. Developed in 2008, the hershey theatre apollo awards is a program which recognizes excellence in local high school theater productions; more than 100 nominated students are awarded $20,000 in awards. All derry township school district students may participate in field trips to the hershey theatre at no charge. Number benefitted: 123,858 expenses: $7,859,623 grants: $0 revenue: $7,574,727 program service accomplishment #2 (line 4b): the hershey story, the museum on chocolate avenue opened in 2009. The museum experience is an educational, interactive permanent exhibit space that shares the stories of milton s. Hershey, his businesses, philanthropies and community. The apprentice program is an activity designed to further engage children as they explore the exhibits. In the chocolate lab, guests learn about the origins of chocolate and participate in hands-on activities using chocolate. Special exhibits highlight the native american and pennsylvania german collections, originally purchased by milton hershey. School field trips, homeschool and summer camp programs all meet pa state academic standards. All derry township school district students may participate in field trips to the museum experience at no charge. The hershey story offers a scholarship program, called "share the story" that subsidizes the cost of field trip admission and transportation for schools who meet eligibility requirements. Autistic students from the vista school are provided work opportunities at the hershey story. Number benefitted: 114,753 expenses: $3,181,520 revenue: $1,949,022 program service accomplishment #3 (line 4c): hershey gardens was originally developed in 1937 at milton hershey's request. It has since expanded and now features 23 acres of seasonal displays and rare trees within 11 theme gardens. The children's garden and hoop house offer children hands-on learning as they discover the wonders of nature and plants. The great garden adventure is a program featuring an interactive guide that helps children explore and learn throughout the children's garden. Adult education opportunities include classes on gardening and nature. School field trips, homeschool and summer camp programs all meet pa state academic standards. All derry township school district students may participate in field trips to hershey gardens at no charge. During the 2016 calendar year, the gardens completed a project to build a year round education facility which include a year round butterfly habitat and educational classroom. Hershey gardens offers a scholarship program, called "share the gardens" that subsidizes the cost of field trip admission and transportation for schools who meet eligibility requirements. Number benefitted: 126,878 expenses: $2,710,165 revenue: $2,076,055 program service accomplishment - other: archives & other miscellaneous services - the hershey community archives collects and maintains historical documentation such as photographs, oral histories, and other two dimensional artifacts chronicling the history of the community. Educational programming is offered to the third graders of the derry township school district and in the form of lectures and demonstrations at various venues. Website access to these historical records has dramatically increased the research potential. Number benefitted: 284 expenses: $213,848 revenue: $187,958”

“During calendar year 2021, salary expenses were reduced by the ertc credit.”

“Form 990, part xi, line 9 reconciliation of net assets increase in unrecognized benefit cost $899,486 increase in interest rate swap 934,511 ---------------- total $ 1,833,997”