HERBERT FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HERBERT FOUNDATION (EIN 88-2809300)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202423209349104107
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T12:38:14-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383133790PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDREWS HOOPER PAVLIK PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14295 OKEMOS RD STE 200AddressLine1Txt
CityOKEMOSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP488646201ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN882809300EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HERBERT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHERBBusinessNameControlTxt
Phone5179080909PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16210 W GOLFRIDGE DRAddressLine1Txt
CityEAST LANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48823ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMELISSA K HERBERTPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone5179080909PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE M PFEIFLEPreparerPersonNm
PTINP00751307PTIN
Phone5177060800PhoneNum
Preparation2024-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,934,593FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$8,303,269ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$7,724InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7,724InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$71,403DividendsRevAndExpnssAmt
Dividends Net Invst Incm$71,403DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$10,015NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$235,839GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,015CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$8,392,411TotalRevAndExpnssAmt
Total Net Invst Incm$89,142TotalNetInvstIncmAmt
Taxes Rev And Expnss$158TaxesRevAndExpnssAmt
Taxes Net Invst Incm$158TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$158TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$158TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,294ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,294ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,452TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$158TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,294TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$8,385,959ExcessRevenueOverExpensesAmt
Net Investment Income$88,984NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$405CashBOYAmt
Cash EOY$1,436CashEOYAmt
Cash EOYFMV$1,436CashEOYFMVAmt
Corporate Stock BOY$32,892CorporateStockBOYAmt
Corporate Stock EOY$5,683,314CorporateStockEOYAmt
Corporate Stock EOYFMV$8,933,157CorporateStockEOYFMVAmt
Total Assets BOY$33,297TotalAssetsBOYAmt
Total Assets EOY$5,684,750TotalAssetsEOYAmt
Total Assets EOYFMV$8,934,593TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$33,297RetainedEarningBOYAmt
Retained Earning EOY$5,684,750RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$33,297TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,684,750TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$33,297TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,684,750TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$33,297TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$8,385,959ExcessRevenueOverExpensesAmt
Subtotal$8,419,256SubtotalAmt
Other Decreases$2,734,506OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$5,684,750TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyJOHNSON & JOHNSONPropertyDesc
How AcquiredDHowAcquiredCd
Gross Sales Price$235,839GrossSalesPriceAmt
Cost Or Other Basis$225,824CostOrOtherBasisAmt
Gain Or Loss$10,015GainOrLossAmt
Gains Minus Excess Or Losses$10,015GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$10,015CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,237InvestmentIncomeExciseTaxAmt
Subtotal$1,237SubtotalAmt
Tax Based On Investment Income$1,237TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,350ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,350TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$70EsPenaltyAmt
Overpayment$43OverpaymentAmt
Applied To ES Tax$43AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRICHARD C LOWEIndividualWithBooksNm
Phone5179080900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12375 WOODLAKE DRIVE STE 380AddressLine1Txt
CityOKEMOSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48864ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES HERBERT
1704 JEROME STLANSINGMI48912PRESIDENT/TR0.01$0$0$0
JUDITH A HERBERT
1704 JEROME STLANSINGMI48912VICE PRESIDE0.01$0$0$0
MELISSA K HERBERT
1704 JEROME STLANSINGMI48912ASSISTANT TR0.01$0$0$0
JAMES S HERBERT
1704 JEROME STLANSINGMI48912ASSISTANT TR0.01$0$0$0
RICHARD C LOWE
2375 WOODLAKE DRIVE STE 380OKEMOSMI48864ASSISTANT SE0.01$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,927,004AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$60,126AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,987,130TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,987,130AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$59,807CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,927,323NetVlNoncharitableAssetsAmt
Minimum Investment Return$196,366MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$196,366MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,237TaxBasedOnInvestmentIncomeAmt
Total Tax$1,237TotalTaxAmt
Distributable Before Adj$195,129DistributableBeforeAdjAmt
Distributable Before Ded$195,129DistributableBeforeDedAmt
Distributable As Adjusted$195,129DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,294ExpensesAndContributionsAmt
Qualifying Distributions$6,294QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$195,129DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$1,881ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,881TotalExcessDistributionCyovAmt
Qualifying Distributions$6,294QualifyingDistributionsAmt
Applied To Current Year$6,294AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$1,881ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,881ExcessDistributionCyovAppCYAmt
Undistributed Income CY$186,954UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES JUDITH HERBERTContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GREATER LANSING FOOD BANKBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line15600 FOOD COURTAddressLine1Txt
CityBATHCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48808ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeFOOD SUPPORTGrantOrContributionPurposeTxt
Amt$6,294Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,294TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,724ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$71,403ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$10,015ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$89,142ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$89,142TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJAMES JUDITH HERBERTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11704 JEROME STAddressLine1Txt
CityLANSINGCityNm
State AbbreviationMIStateAbbreviationCd
ZIP48912ZIPCd
FieldValueIRS element (for citing)
Total Contributions$8,303,269TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
13,000 SHARES JOHNSON & JOHNSON$465,7292023-02-03
1STOCK - SEE ATTACHED$1,824,6782023-07-25
1STOCK - SEE ATTACHED$6,012,8622023-08-15

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKStockNm
EOY Book Value$5,683,314EOYBookValueAmt
EOYFMV$8,933,157EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescEQUITY ADJUSTMENT (COST VS FMV)Desc
Amt$2,734,506Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$158Amt
Net Investment Income$158NetInvestmentIncomeAmt

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