Laurence E Herman Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Laurence E Herman Family Foundation is a 501(c)(3) organization based in Oak Brook, Illinois, registered in 2008, with $195,262 in FY2024 revenue. CharityIndex grades it C+.
715 Enterprise Dr, Oak Brook, IL, 60523 EIN 26-2387412 Since 2008
Revenue (FY2024)
$195K
▲ 234.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$146K
Net assets
$3.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Laurence E Herman Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating244 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Laurence E Herman Family Foundation: 244 mo reserves · +25% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Laurence E Herman Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Laurence E Herman Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 715 Enterprise Dr, Oak Brook, IL, 60523
- City
- Oak Brook
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $132K (FY2015) to $195K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.0M
Operating margin
25.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$0
Net assets
$3.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $195,262▲234% | $146,125▼1.2% | $2,966,280▲16.4% | $2,966,280▲16.4% | 990PF |
| 2023 | $58,429▲211% | $147,861▼11.0% | $2,547,439▲16.1% | $2,547,439▲16.1% | 990PF |
| 2022 | -$52,638▼134% | $166,190▲20.6% | $2,193,310▼27.4% | $2,193,310▼27.4% | 990PF |
| 2021 | $153,790▲48.0% | $137,842▲7.4% | $3,020,231▲14.5% | $3,020,231▲14.5% | 990PF |
| 2020 | $103,924▼21.4% | $128,314▼0.7% | $2,638,064▲14.1% | $2,638,064▲14.1% | 990PF |
| 2019 | $132,219▲5.0% | $129,238▼1.2% | $2,311,223▲17.3% | $2,311,223▲17.3% | 990PF |
| 2018 | $125,897▼2.4% | $130,828▲13.1% | $1,970,401▼13.1% | $1,970,401▼13.1% | 990PF |
| 2017 | $128,972▲2790% | $115,706▼1.7% | $2,268,296▲14.4% | $2,268,296▲14.4% | 990PF |
| 2016 | $4,463▼96.6% | $117,737▼2.1% | $1,982,711▲3.0% | $1,982,711▲3.0% | 990PF |
| 2015 | $131,705 | $120,235 | $1,925,150 | $1,925,150 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Laurence E Herman Family Foundation a legitimate nonprofit?
- Yes. Laurence E Herman Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-2387412, based in Oak Brook, Illinois. Donations are tax-deductible.
- What is Laurence E Herman Family Foundation's EIN?
- Laurence E Herman Family Foundation's Employer Identification Number (EIN) is 26-2387412.
- How much revenue does Laurence E Herman Family Foundation report?
- Laurence E Herman Family Foundation reported $195,262 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Laurence E Herman Family Foundation have?
- CharityIndex grades Laurence E Herman Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Laurence E Herman Family Foundation (EIN 26-2387412) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.