HERBERT FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: HERBERT FOUNDATION (EIN 88-2809300)
Tax period: 2022-06-02 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202323199349102982
Schema version: 2022v5.0
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
Form 990-PF
Schedule B
Investments Corp Stock Schedule
Legal Fees Schedule
Other Decreases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T11:22:43-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	383133790	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ANDREWS HOOPER PAVLIK PLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4295 OKEMOS RD STE 200	AddressLine1Txt
City	OKEMOS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	488646201	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-06-02	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	882809300	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HERBERT FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HERB	BusinessNameControlTxt
Phone	5179080909	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1704 JEROME ST	AddressLine1Txt
City	LANSING	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48912	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES L HERBERT	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5179080909	PhoneNum
Signature	2023-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JAMES	PersonFirstNm
Person Last	HERBERT	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JULIE M PFEIFLE	PreparerPersonNm
PTIN	P00751307	PTIN
Phone	5177060800	PhoneNum
Preparation	2023-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Initial Return	Yes (X)	InitialReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$125,874	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$138,405	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$405	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$405	DividendsNetInvstIncmAmt
Total Rev And Expnss	$138,810	TotalRevAndExpnssAmt
Total Net Invst Incm	$405	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$10,000	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$7,500	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$2,500	LegalFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$10,000	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$7,500	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$2,500	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$10,000	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$7,500	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$128,810	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$405	CashEOYAmt
Cash EOYFMV	$405	CashEOYFMVAmt
Corporate Stock EOY	$32,892	CorporateStockEOYAmt
Corporate Stock EOYFMV	$125,469	CorporateStockEOYFMVAmt
Total Assets EOY	$33,297	TotalAssetsEOYAmt
Total Assets EOYFMV	$125,874	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning EOY	$33,297	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances EOY	$33,297	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$33,297	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$128,810	ExcessRevenueOverExpensesAmt
Subtotal	$128,810	SubtotalAmt
Other Decreases	$95,513	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$33,297	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	MI	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	RICHARD C LOWE	IndividualWithBooksNm
Phone	5179080900	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2375 WOODLAKE DRIVE STE 380	AddressLine1Txt
City	OKEMOS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48864	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES L HERBERT
1704 JEROME ST	LANSING	MI	48912	PRESIDENT	0.00	$0	$0	$0
JUDITH A HERBERT
1704 JEROME ST	LANSING	MI	48912	VICE PRESIDE	0.00	$0	$0	$0
MELISSA K HERBERT
1704 JEROME ST	LANSING	MI	48912	ASSISTANT TR	0.00	$0	$0	$0
JAMES S HERBERT
1704 JEROME ST	LANSING	MI	48912	ASSISTANT TR	0.00	$0	$0	$0
RICHARD C LOWE
2375 WOODLAKE DRIVE STE 380	OKEMOS	MI	48864	ASSISTANT SE	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$21,489	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$34	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$21,523	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$21,523	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$323	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$21,200	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$619	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$619	MinimumInvestmentReturnAmt
Distributable Before Adj	$619	DistributableBeforeAdjAmt
Distributable Before Ded	$619	DistributableBeforeDedAmt
Distributable As Adjusted	$619	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,500	ExpensesAndContributionsAmt
Qualifying Distributions	$2,500	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$619	DistributableAsAdjustedAmt
Qualifying Distributions	$2,500	QualifyingDistributionsAmt
Applied To Current Year	$619	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,881	RemainingDistriFromCorpusAmt
Total Corpus	$1,881	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$1,881	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$1,881	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	JAMES JUDITH HERBERT	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$405	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$405	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$405	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	JAMES JUDITH HERBERT	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	1704 JEROME ST	AddressLine1Txt
City	LANSING	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48912	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$138,405	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	4,050 SHS CSX STOCK	NoncashPropertyDesc
Fair Market Value	$128,405	FairMarketValueAmt
Received	2022-11-15	ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	STOCK	StockNm
EOY Book Value	$32,892	EOYBookValueAmt
EOYFMV	$125,469	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$10,000	LegalFeesAmt
Net Investment Income	$7,500	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$2,500	DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	EQUITY ADJUSTMENT (INVESTMENT)	Desc
Amt	$95,513	Amt

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