Civic Intelligence

Fannie and John Hertz Foundation

990 • Fiscal year 2020 • EIN 36-2411723

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 21, 2020

Organization ProfileWWW.HERTZFOUNDATION.ORG
2300 First Street Suite 250Livermore, CA 94550

(925) 373-1642

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.09x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.48x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

26th percentile

-4.1%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$534,329

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

33rd percentile

1.7%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-24%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$24,883,206

Up $416,263 (+1.7%) from 2019

Net Assets

Down

$22,648,699

Down $80,481 (-0.4%) from 2019

Liabilities

Up

$2,234,507

Up $496,744 (+29%) from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin26th percentile

Revenue

Down

$4,632,095

Down $1,478,443 (-24%) from 2019

Expenses

Up

$4,823,075

Up $543,549 (+13%) from 2019

Net Income

Down

-$190,980

Down $2,021,992 (-110%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $21,849,972Liabilities 2011: $2,087,915Net Assets 2011: $19,762,0572011Assets 2012: $20,694,567Liabilities 2012: $1,939,126Net Assets 2012: $18,755,4412012Assets 2013: $19,674,796Liabilities 2013: $1,914,693Net Assets 2013: $17,760,1032013Assets 2014: $21,630,420Liabilities 2014: $2,292,063Net Assets 2014: $19,338,3572014Assets 2015: $19,436,781Liabilities 2015: $2,466,965Net Assets 2015: $16,969,8162015Assets 2016: $21,190,991Liabilities 2016: $2,153,528Net Assets 2016: $19,037,4632016Assets 2017: $21,540,670Liabilities 2017: $2,211,223Net Assets 2017: $19,329,4472017Assets 2018: $22,694,391Liabilities 2018: $2,020,500Net Assets 2018: $20,673,8912018Assets 2019: $24,466,943Liabilities 2019: $1,737,763Net Assets 2019: $22,729,1802019Assets 2020: $24,883,206Liabilities 2020: $2,234,507Net Assets 2020: $22,648,6992020Assets 2021: $29,213,810Liabilities 2021: $2,631,324Net Assets 2021: $26,582,4862021Assets 2022: $31,929,987Liabilities 2022: $2,010,575Net Assets 2022: $29,919,4122022Assets 2023: $35,725,069Liabilities 2023: $2,693,062Net Assets 2023: $33,032,0072023Assets 2024: $41,147,276Liabilities 2024: $3,008,152Net Assets 2024: $38,139,1242024Assets 2025: $48,593,851Liabilities 2025: $2,877,841Net Assets 2025: $45,716,0102025

Highlighted filing

2020

Assets$24,883,206
Liabilities$2,234,507
Net Assets$22,648,699
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,761,3832011Expenses 2012: $3,444,1392012Expenses 2013: $3,376,1472013Revenue 2014: $3,984,010Expenses 2014: $4,116,973Net Income 2014: -$132,9632014Revenue 2015: $2,567,311Expenses 2015: $4,138,816Net Income 2015: -$1,571,5052015Revenue 2016: $6,552,364Expenses 2016: $3,852,634Net Income 2016: $2,699,7302016Revenue 2017: $4,145,164Expenses 2017: $4,494,891Net Income 2017: -$349,7272017Revenue 2018: $5,055,682Expenses 2018: $4,364,123Net Income 2018: $691,5592018Revenue 2019: $6,110,538Expenses 2019: $4,279,526Net Income 2019: $1,831,0122019Revenue 2020: $4,632,095Expenses 2020: $4,823,075Net Income 2020: -$190,9802020Revenue 2021: $5,373,923Expenses 2021: $4,480,000Net Income 2021: $893,9232021Revenue 2022: $16,499,886Expenses 2022: $4,268,923Net Income 2022: $12,230,9632022Revenue 2023: $6,676,798Expenses 2023: $5,632,037Net Income 2023: $1,044,7612023Revenue 2024: $8,364,011Expenses 2024: $6,947,930Net Income 2024: $1,416,0812024Revenue 2025: $12,220,559Expenses 2025: $7,500,495Net Income 2025: $4,720,0642025

Highlighted filing

2020

Revenue$4,632,095
Expenses$4,823,075
Net Income-$190,980
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 21, 2020
Return Version
2019v5.1
Gross Receipts
$7,166,511
Mission and Program Overview

Mission

The hertz foundation provides unique financial and fellowship support to the nation's most remarkable phd students in the physical, biological and engineering sciences. Our goal is to enhance the freedom and ability of these students to make important new innovations that strengthen the nation and improve the human condition. Offering a fellowship valued at up to $250,000 with five-year tenure, the foundation has supported some 1,169 fellows, two of whom have won nobel prizes and over 30 of whom are members of the national academy of sciences or the national academy of engineering. At present, half of the in-school fellows conduct research in the biosciences and 10% are in md/phd programs. In addition to academic support, the foundation offers, with support from alumni fellows and corporate sponsors, unique extra-academic retreats, symposia, workshops, and internship opportunities. Hertz fellowships are among the most prestigious in the world.

To identify, support and mentor the top us phd students in science, math and engineering

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,788,175$17,737,192▲ $949,017
Pledges and Grants Receivable$5,096,492$4,755,640▼ $340,852
Cash and Non-Interest-Bearing Accounts$2,317,973$2,344,088▲ $26,115
Prepaid Expenses and Deferred Charges$213,176$21,727▼ $191,449
Receivables From Officers Etc$21,643$0▼ $21,643
Land, Buildings, and Equipment, Net$26,546$21,621▼ $4,925
Total Assets$24,466,943$24,883,206▲ $416,263
Other Assets Total$2,938$2,938→ $0
Liabilities
Grants Payable$1,604,332$1,893,500▲ $289,168
Mortgage Notes Payable Secured by Investment Property-$179,510-
Accounts Payable and Accrued Expenses$96,674$155,438▲ $58,764
Deferred Revenue$30,216$0▼ $30,216
Other Liabilities$6,541$6,059▼ $482
Total Liabilities$1,737,763$2,234,507▲ $496,744
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,444,533$12,436,127▼ $8,406
Net Assets Without Donor Restrictions$10,284,647$10,212,572▼ $72,075
Total Net Assets Fund Balance$22,729,180$22,648,699▼ $80,481
Total Liabilities and Net Assets / Fund Balance$24,466,943$24,883,206▲ $416,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,621$9,217$30,838

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$7,348,041$0▲ $379,076-$7,501,504
2018$6,487,691$649,400▲ $424,904-$7,348,041
2017$4,372,374$1,914,326▲ $398,659-$6,487,691
2016$4,043,782$10,000▲ $435,450-$4,372,374
2015$4,099,170$10,500▲ $47,973-$4,043,782
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robbee Baker Kosak See Sch OPresidentFT$346,635$187,694$534,329
Jayne IafrateChief Development OfficerFT$160,384$24,058$184,442
Katherine YoungExecutive Director of Hertz Fellowship ProgramFT$115,611$17,342$132,953
Charles WingardCFOPT$85,917$12,888$98,805

Board Members and Trustees

NameTitle
Stephen FantoneVice President
Cooper RinzlerDirector
Daniel GoodmanDirector
Elise CawleyDirector
Harold J NewmanDirector
Lee SwangerDirector
M Michael AnsourDirector
Monika Schleier-smithDirector
Ray SidneyDirector
Richard B MilesDirector
Roger FalconeDirector
Rosemarie HavranekDirector
Samuel FullerDirector
David GalasChariman
Carla NewmanSecretary
Phillip WelkoffSenior Fellowship Interviewer
Paul M YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,817,029
Program Service Revenue
$0
Investment Income
$815,066
Other Revenue
$0
All Other Contributions
$3,817,029
Change in Net Assets
$-190,980

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$195,529Fair Market Value (FMV)
Total Noncash Contributions8$195,529-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,562,378
Revenue Not Reported on Financial Statements
$69,717
Revenue Not Reported on Form 990
$116,624
Total Revenue per Audited Statements
$4,679,002
Total Revenue per Form 990
$4,632,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,760,008
Salaries, Compensation, and Employee Benefits$1,634,913
Other Expenses$1,428,154
Total Fundraising Expense$866,128
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,760,008--$1,760,008
Current Officers, Directors, Trustees, and Key Employees$276,350$198,422$369,474$844,246
Fees for Services Other$471,043$15,085$45,111$531,239
Other Salaries and Wages$218,305$9,257$179,151$406,713
Travel$149,119$45,367$17,325$211,811
Conferences and Meetings$180,476$508$17,247$198,231
Pension Plan Contributions$70,567$29,165$75,095$174,827
Other Employee Benefits$56,792$21,661$50,991$129,444
Occupancy$58,442$28,804$30,937$118,183
Payroll Taxes$31,516$16,899$31,268$79,683
Fees for Service Investment Mgmnt Fees-$69,717-$69,717
Office Expenses$21,762$13,049$30,057$64,868
Fees for Services Accounting-$64,093-$64,093
Fees for Services Legal$12,825$33,141$14,952$60,918
Advertising$8,617$1,760$1,228$11,605
Insurance-$11,276-$11,276
Other Expenses$94$7,566$28$7,688
Depreciation Depletion$3,704$1,852$1,852$7,408
Information Technology$4,183$1,626$1,412$7,221
Interest-$246-$246
Total Functional Expenses$3,387,453$569,494$866,128$4,823,075

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,823,075
Total Expenses per Audited Statements$4,759,483
Expenses per Audited Statements$4,753,358
Expenses Not Reported on Financial Statements$69,717
Expenses Not Reported on Form 990$6,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$21,643$0▼ $21,643
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$5,813
Ppp Accrued Interest$246
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“One director is the daughter of another director.”

Form 990, Part VI, Section B, Line 11B

“The draft of the form 990 was e-mailed to each director for comments this year as was the case last year. Each director received a final copy of the form 990 by e-mail. The form 990 is posted on the foundation's website, www.hertzfoundation.org.”

Form 990, Part VI, Section B, Line 12C

“Each director, officer, and employee of the foundation shall sign an annual disclosure statement affirming that the person has recieved a copy of the conflict of interest policy, has read and understood the policy, has agreed to comply with the policy, and discloses any direct or indirect affiliations. All annual disclosure statements are submitted to the president of the foundation prior to the first meeting of the board of directors in the following year.”

Form 990, Part VI, Section B, Line 15

“Pursuant to a contract dated 7/18/19 negotiated by two authorized members of the board, and based on metrics from guidestar compensation reports. The overall and individual compensation levels were reviewed in detail during the budgeting process by the finance committee of the board and approved by the executive committee of the board.”

Form 990, Part VI, Section C, Line 19

“The foundation irs form 990 and the independent audit report and financial statements are published on its website at www.hertzfoundation.org. The governing documents and conflict of interest policy are distributed to the board members and emplyees. They are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

Form 990, Page 8, Part VII, Line 18 and Form 990, Schedule J, Part II

“During fiscal year 2020, the president entered into a new employment agreement, which provided an accelerated forgiveness of a housing loan of approximately $35,000 and a one-time performance bonus of $65,000.”

Form 990, Page 8, Part VII, Line 2

“The foundation maintains an audit committee that assumes the responsibility over the oversight of the audit. The process did not change during the fiscal year.”

Filing and Contact Details

Filer

Filer Name
Fannie and John Hertz Foundation
EIN
36-2411723
Phone
9253731642
Address
2300 FIRST STREET SUITE 250, LIVERMORE, CA 94550

Signing Officer

Name
Robbee Baker Kosak
Title
President
Phone
9253731642
Signed
2020-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robbee Baker Kosak
Formed
1945
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
13
Volunteers
35

Preparer

Firm
Robert Lee and Associates Llp
Address
999 W TAYLOR STREET SUITE A, SAN JOSE, CA 95126
Preparer
Scott R Smead
Phone
4088556770
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees for service: program service expenses 471,043. Management and general expenses 15,085. Fundraising expenses 45,111. Total expenses 531,239.”

Financial Statement Notes

PART X, LINE 2:

“The foundation evaluates its uncertain tax positions and will recognize a loss contingency when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonable estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position for all uncertain tax positions in the aggregate could differ from the amount recognized. As of june 30, 2020 management did not identify any uncertain tax positions.”

Raw XML AppendixShowing 400 of 696 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt096674
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0155438
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO IDENTIFY, SUPPORT AND MENTOR THE TOP US PHD STUDENTS IN SCIENCE, MATH AND ENGINEERING
IRS990/AdvertisingGrp/FundraisingAmt01228
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01760
IRS990/AdvertisingGrp/ProgramServicesAmt08617
IRS990/AdvertisingGrp/TotalAmt011605
IRS990/AllOtherContributionsAmt03817029
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0CHARLES WINGARD CFO
IRS990/BooksInCareOfDetail/PhoneNum09253731642
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02300 FIRST STREET NO 250
IRS990/BooksInCareOfDetail/USAddress/CityNm0LIVERMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094550
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02317973
IRS990/CashNonInterestBearingGrp/EOYAmt02344088
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0369474
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0198422
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0276350
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0844246
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt017247
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0508
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0180476
IRS990/ConferencesMeetingsGrp/TotalAmt0198231
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03817029
IRS990/CYGrantsAndSimilarPaidAmt01760008
IRS990/CYInvestmentIncomeAmt0815066
IRS990/CYOtherExpensesAmt01428154
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-190980
IRS990/CYSalariesCompEmpBnftPaidAmt01634913
IRS990/CYTotalExpensesAmt04823075
IRS990/CYTotalFundraisingExpenseAmt0866128
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04632095
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt030216
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01852
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01852
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03704
IRS990/DepreciationDepletionGrp/TotalAmt07408
IRS990/Desc0FELLOWSHIP TUITION AND STIPEND. THE FOUNDATION'S LARGEST ANNUAL EXPENSE IS FELLOWS' TUITION AND STIPEND. IN FISCAL YEAR 2020, COMPENSATION PACKAGES TOTALED $1.8M FOR 72 STUDENTS, 37 PERCENT OF TOTAL EXPENSE. THE FOUNDATION'S GOAL IS TO RAISE ENOUGH SUPPORT TO FUND ALL WORTHY CANDIDATES EACH YEAR; HOWEVER, CURRENT RESOURCES ALLOW FOR ONLY ONE-THIRD OF ALL WORTHY CANDIDATES TO RECEIVE A FELLOWSHIP. TO ACHIEVE THIS GOAL, THE HERTZ FOUNDATION BOARD OF DIRECTORS AUTHORIZED A SIGNIFICANT BUDGET INCREASE TO BUILD A MORE AGGRESSIVE AND SUCCESSFUL NATIONAL FUNDRAISING AND PUBLIC RELATIONS EFFORT. SOME DONORS RESTRICTED THEIR GIFTS TO SUPPORT BUILDING FUNDRAISING CAPACITY. TANGIBLE RESULTS CAME QUICKLY, WITH FISCAL YEARS 2016-2019 PRODUCING RECORD FUNDRAISING CASH RESULTSFROM $2.3M IN (CONTINUED AT SCHEDULE O) FISCAL YEAR 2016 TO $5.7M IN FISCAL YEAR 2019. MOREOVER, 28 PERCENT OF FELLOWS NOW MAKE ANNUAL GIFTS TO THE FOUNDATION, A LEVEL OF GRADUATE ALUMNI SUPPORT THAT FAR EXCEEDS MOST ELITE RESEARCH UNIVERSITIES. IN FISCAL YEAR 2016, THE BOARD OF DIRECTORS ESTABLISHED A GOAL OF WITHDRAWING 5 PERCENT OR LESS OF THE FOUNDATION'S CORPUS (INCLUDING INVESTMENT INCOME AND GAINS IN VALUE) BY FISCAL YEAR 2020; THIS GOAL WAS ACHIEVED TWO YEARS EARLY IN FISCAL YEAR 2018.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt05391
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt012444533
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt012436127
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01760008
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt064093
IRS990/FeesForServicesAccountingGrp/TotalAmt064093
IRS990/FeesForServicesLegalGrp/FundraisingAmt014952
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt033141
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt012825
IRS990/FeesForServicesLegalGrp/TotalAmt060918
IRS990/FeesForServicesOtherGrp/FundraisingAmt045111
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt015085
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0471043
IRS990/FeesForServicesOtherGrp/TotalAmt0531239
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt069717
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt069717
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1735.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1817.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1935.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2035.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1751995
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1812888
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1917342
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2024058
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID GALAS
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL M YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN FANTONE
IRS990/Form990PartVIISectionAGrp/PersonNm3M MICHAEL ANSOUR
IRS990/Form990PartVIISectionAGrp/PersonNm4ROGER FALCONE
IRS990/Form990PartVIISectionAGrp/PersonNm5CARLA NEWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6DANIEL GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD B MILES
IRS990/Form990PartVIISectionAGrp/PersonNm8HAROLD J NEWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9RAY SIDNEY
IRS990/Form990PartVIISectionAGrp/PersonNm10ROSEMARIE HAVRANEK
IRS990/Form990PartVIISectionAGrp/PersonNm11MONIKA SCHLEIER-SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm12COOPER RINZLER
IRS990/Form990PartVIISectionAGrp/PersonNm13ELISE CAWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14SAMUEL FULLER
IRS990/Form990PartVIISectionAGrp/PersonNm15LEE SWANGER
IRS990/Form990PartVIISectionAGrp/PersonNm16PHILLIP WELKOFF
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBBEE BAKER KOSAK SEE SCH O
IRS990/Form990PartVIISectionAGrp/PersonNm18CHARLES WINGARD
IRS990/Form990PartVIISectionAGrp/PersonNm19KATHERINE YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm20JAYNE IAFRATE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17482334
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1885917
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19115611
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20160384
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR FELLOWSHIP INTERVIEWER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR OF HERTZ FELLOWSHIP PROGRAM
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF DEVELOPMENT OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0357974
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt01760008
IRS990/GrantsPayableGrp/BOYAmt01604332
IRS990/GrantsPayableGrp/EOYAmt01893500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01760008
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01760008
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02892390
IRS990/GrossReceiptsAmt07166511
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01412
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01626
IRS990/InformationTechnologyGrp/ProgramServicesAmt04183
IRS990/InformationTechnologyGrp/TotalAmt07221
IRS990/InsuranceGrp/ManagementAndGeneralAmt011276
IRS990/InsuranceGrp/TotalAmt011276
IRS990/InterestGrp/ManagementAndGeneralAmt0246
IRS990/InterestGrp/TotalAmt0246
IRS990/InvestmentIncomeGrp/ExclusionAmt0457092
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0457092
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt016788175
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017737192
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09217
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026546
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021621
IRS990/LandBldgEquipCostOrOtherBssAmt030838
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02534416
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FANNIE AND JOHN HERTZ FOUNDATION'S MISSION IS TO IDENTIFY THE NATION'S MOST PROMISING INNOVATORS IN SCIENCE AND TECHNOLOGY, AND EMPOWER THEM TO PURSUE SOLUTIONS TO THE WORLD'S TOUGHEST CHALLENGES. LAUNCHED IN 1963, THE HERTZ FELLOWSHIP IS (CONTINUED AT SCHEDULE O) THE MOST EXCLUSIVE FELLOWSHIP PROGRAM IN THE US, FUELING MORE THAN 1,200 LEADERS, DISRUPTORS, AND CREATORS WHO APPLY THEIR REMARKABLE TALENTS WHERE THEY'RE NEEDED MOSTFROM IMPROVING HUMAN HEALTH TO PROTECTING THE HEALTH OF THE PLANET. HERTZ FELLOWS HOLD 3,000+ PATENTS, HAVE FOUNDED 200+ COMPANIES, AND HAVE RECEIVED 200+ MAJOR NATIONAL AND INTERNATIONAL AWARDS, INCLUDING TWO NOBEL PRIZES, EIGHT BREAKTHROUGH PRIZES, THE NATIONAL MEDAL OF TECHNOLOGY, THE FIELDS MEDAL, AND THE TURING AWARD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0179510
IRS990/NetAssetsOrFundBalancesBOYAmt022729180
IRS990/NetAssetsOrFundBalancesEOYAmt022648699
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0357974
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0357974
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0105108
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010284647
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010212572
IRS990/NoncashContributionsAmt0195529
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt030937
IRS990/OccupancyGrp/ManagementAndGeneralAmt028804
IRS990/OccupancyGrp/ProgramServicesAmt058442
IRS990/OccupancyGrp/TotalAmt0118183
IRS990/OfficeExpensesGrp/FundraisingAmt030057
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013049
IRS990/OfficeExpensesGrp/ProgramServicesAmt021762
IRS990/OfficeExpensesGrp/TotalAmt064868
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02938
IRS990/OtherAssetsTotalGrp/EOYAmt02938
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt050991
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021661
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt056792
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0129444
IRS990/OtherExpensesGrp/Desc0AWARDS AND CONTRIBUTION
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt028
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07566
IRS990/OtherExpensesGrp/ProgramServicesAmt063650
IRS990/OtherExpensesGrp/ProgramServicesAmt194
IRS990/OtherExpensesGrp/TotalAmt063650
IRS990/OtherExpensesGrp/TotalAmt17688
IRS990/OtherLiabilitiesGrp/BOYAmt06541
IRS990/OtherLiabilitiesGrp/EOYAmt06059
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0179151
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09257
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0218305
IRS990/OtherSalariesAndWagesGrp/TotalAmt0406713
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt031268
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016899
IRS990/PayrollTaxesGrp/ProgramServicesAmt031516
IRS990/PayrollTaxesGrp/TotalAmt079683
IRS990/PensionPlanContributionsGrp/FundraisingAmt075095
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029165
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt070567
IRS990/PensionPlanContributionsGrp/TotalAmt0174827
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05096492
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04755640
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0213176
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021727
IRS990/PrincipalOfficerNm0ROBBEE BAKER KOSAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SELECTION AND MENTORING OF IN-SCHOOL FELLOWS. THE FOUNDATION'S PROCESS FOR SELECTING FELLOWSHIP RECIPIENTS IS THE MOST RIGOROUS IN THE US. MORE THAN 800 APPLICATIONS WERE RECEIVED AND REVIEWED BY THE SELECTION COMMITTEE, COMPRISED OF LEADING SCIENTISTS, ENGINEERS, AND MATHEMATICIANS, MANY OF THEM ALUMNI FELLOWS. FOLLOWING TWO ROUNDS OF IN-PERSON INTERVIEWS, THE FOUNDATION AWARDS FELLOWSHIPS TO A GROUP OF 10 OR MORE CANDIDATES. THE PROGRESS OF IN-SCHOOL FELLOWS IS MONITORED IN A VARIETY OF WAYS, INCLUDING DISCUSSIONS WITH AND REPORTS FROM FACULTY ADVISORS. THE SELECTION AND MENTORING OF IN-SCHOOL FELLOWS REPRESENTED 14 PERCENT OF TOTAL EXPENSE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0661354
IRS990/ProgSrvcAccomActy3Grp/Desc0HERTZ COMMUNITY: THE FOUNDATION PROVIDES LIFELONG SUPPORT TO ITS COMMUNITY OF MORE THAN 1200 FELLOWS, INCLUDING MENTORING, PROFESSIONAL DEVELOPMENT WORKSHOPS, AND NETWORKING OPPORTUNITIES. THE ANNUAL SUMMER WORKSHOP AND BI-ANNUAL RETREATS ARE DESIGNED TO FOSTER RESEARCH COLLABORATIONS, INTRODUCE NEW TECHNIQUES AND DISCOVERIES, AND BUILD CONNECTIONS WITH TOP SCIENTISTS AND INNOVATORS. THE FOUNDATION ALSO FACILITATES MENTORING RELATIONSHIPS AMONG FELLOWS TO SUPPORT THEIR PROFESSIONAL GROWTH AND WORKS WITH FELLOWS TO BUILD TAILORED INTERNSHIP EXPERIENCES , NATIONALLY. A LARGE PORTION OF THESE EXPENSES ARE OFFSET BY RESTRICTED ALUMNI GIFTS. (CONTINUED AT SCHEDULE O)THE FOUNDATION HAS ESTABLISHED SEVERAL AWARDS TO HIGHLIGHT EARLY-CAREER FELLOWS WHO ARE MAKING AN ACCELERATED IMPACT WITH THEIR WORK: THE HERTZ DOCTORAL THESIS PRIZE, THE PETER STRAUSS AWARD, AND THE NEWMAN ENTREPRENEURIAL INITIATIVE. THE LATTER TWO ARE FUNDED BY A DONOR. TOTAL COSTS FOR THE HERTZ COMMUNITY WERE $966,091 (20 PERCENT OF TOTAL EXPENSE).
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0966091
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05269852
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01355394
IRS990/PYInvestmentIncomeAmt0840686
IRS990/PYOtherExpensesAmt01479571
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01831012
IRS990/PYSalariesCompEmpBnftPaidAmt01444561
IRS990/PYTotalExpensesAmt04279526
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06110538
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt021643
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-190980
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,883,206
Liabilities
$2,234,507
Net assets
$22,648,699
Revenue
$4,632,095
Expenses
$4,823,075
Net income
-$190,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$2.88$45.7$12.2$7.50$4.72
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$3.01$38.1$8.36$6.95$1.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.7$2.69$33.0$6.68$5.63$1.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.9$2.01$29.9$16.5$4.27$12.2
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.2$2.63$26.6$5.37$4.48$0.89
2020Detailed filing. Detailed filing data is available for this year.$24.9$2.23$22.6$4.63$4.82$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$1.74$22.7$6.11$4.28$1.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$2.02$20.7$5.06$4.36$0.69
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$2.21$19.3$4.15$4.49$0.35
2016Detailed filing. Detailed filing data is available for this year.$21.2$2.15$19.0$6.55$3.85$2.70
2015Detailed filing. Detailed filing data is available for this year.$19.4$2.47$17.0$2.57$4.14$1.57
2014Detailed filing. Detailed filing data is available for this year.$21.6$2.29$19.3$3.98$4.12$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$1.91$17.8$3.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$1.94$18.8$3.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$2.09$19.8$3.76