Nonprofit · EIN 23-6242734
THE M S HERSHEY FOUNDATION
Tax-exempt · HERSHEY, PA 17033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $25,663,182 | $21,790,651 | $3,872,531 | $73,116,953 | $11,631,152 | $61,485,801 |
| December 31, 2023 | 990 | $18,239,892 | $18,799,044 | -$559,152 | $71,280,742 | $14,488,324 | $56,792,418 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,745,728
- of which government grants
- $1,058,819
- Program service revenue
- $18,318,143
- Investment income
- $3,482,119
- Net rental income
- $137,315
- Net gain from sales of assets
- $1,931,338
- Net income from fundraising events
- $70,818
- Net income from sales of inventory
- $739,059
- Other revenue
- $1,117,192
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $400,703
- Other salaries and wages
- $3,436,868
- Salaries, compensation and benefits (total)
- $4,797,584
- Professional fundraising fees
- $0
- Legal fees
- $11,322
- Accounting fees
- $45,629
- Occupancy
- $824,892
- Travel
- $939
- Depreciation
- $2,072,948
- Program services (functional)
- $20,645,671
- Management and general (functional)
- $1,143,397
- Fundraising (functional)
- $1,583
Balance sheet and other
- Total assets, start of year
- $71,280,742
- Total assets, end of year
- $73,116,953
- Total liabilities, end of year
- $11,631,152
- Net assets, end of year
- $61,485,801
- Land, buildings and equipment
- $20,598,860
- Publicly traded securities
- $7,734,087
- Net assets without donor restrictions
- $23,327,323
- Net assets with donor restrictions
- $38,158,478
- Gross receipts
- $56,493,714
- Employees
- 216
- Volunteers
- 544
- Year formed
- 1935
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEREL HOPKINS | SECRETARY Officer | 2 | $0 | $490,352 | $88,174 |
| M DIANE KOKEN | MANAGER Trustee or director | 1 | $0 | $105,000 | $170,000 |
| DONALD PAPSON | EXECUTIVE DIRECTOR Officer | 45 | $226,023 | $0 | $39,983 |
| BRIDGET BECK | ASSOC. EXEC. DIR./TREAS Officer | 45 | $174,680 | $0 | $22,383 |
| MARIA KRAUS | MANAGER Trustee or director | 1 | $0 | $105,000 | $89,412 |
| CAROL DANZ | ASSISTANT SECRETARY Officer | 1 | $0 | $117,967 | $43,825 |
| JAMES BROWN | MANAGER Trustee or director | 1 | $0 | $151,298 | $0 |
| AMY ZEIGLER | SR DIRECTOR PROGRAMMING Highest-paid employee | 40 | $119,400 | $0 | $29,121 |
| JILL MANLEY | SR DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $115,140 | $0 | $29,361 |
| JASON WOLFE | MANAGER Trustee or director | 1 | $0 | $141,298 | $0 |
| MICHELLE FIGLAR | MANAGER Trustee or director | 1 | $0 | $141,298 | $0 |
| DAN KATZIR | FORMER BOARD OF MANAGERS Former | 0 | $0 | $141,298 | $0 |
| HERSHEY TRUST COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $1,000 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES BROWN | MANAGER Trustee or director | 1 | $0 | $1,901,016 | $63,984 |
| M DIANE KOKEN | MANAGER Trustee or director | 1 | $0 | $105,000 | $170,000 |
| JEREL HOPKINS | SECRETARY AS OF 8/23 Officer | 2 | $0 | $239,157 | $34,572 |
| DONALD PAPSON | EXECUTIVE DIRECTOR Officer | 45 | $226,342 | $0 | $40,091 |
| THOMAS SCHMIDT | SECRETARY UNTIL 8/23 Officer | 0 | $0 | $231,000 | $0 |
| MARIA KRAUS | MANAGER Trustee or director | 1 | $0 | $120,764 | $106,484 |
| BRIDGET BECK | ASSOC. EXEC. DIR./TREAS Officer | 45 | $157,101 | $0 | $25,570 |
| CAROL DANZ | ASSISTANT SECRETARY Officer | 1 | $0 | $108,304 | $41,285 |
| DAN KATZIR | FORMER BOARD OF MANAGERS Former | 0 | $0 | $146,652 | $0 |
| AMY ZEIGLER | SR DIRECTOR PROGRAMMING Highest-paid employee | 40 | $114,958 | $0 | $28,863 |
| JASON WOLFE | MANAGER AS OF 12/23 Trustee or director | 0 | $0 | $137,718 | $0 |
| MICHELLE FIGLAR | MANAGER AS OF 12/23 Trustee or director | 0 | $0 | $136,652 | $0 |
| JILL MANLEY | SR DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $108,084 | $0 | $28,282 |
| HERSHEY TRUST COMPANY | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $1,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 63 W CHOCOLATE AVE, HERSHEY, PA 17033-1502
- In care of
- % DONALD PAPSON EXEC DIRECTO
- Principal officer (990 for 2024)
- DONALD PAPSON, 63 W CHOCOLATE AVENUE, HERSHEY, PA 17033
- Signed the 990
- DONALD PAPSON, EXECUTIVE DIRECTOR
- Phone
- (717) 298-2200
- Website
- www.mshersheyfoundation.org
- Return prepared by
- PwC US Tax LLP
Mission
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 FOUNDATION OPERATES THE HERSHEY STORY, 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.
Program accomplishments
- See Schedule O - Hershey TheatreExpenses $14,235,379 · revenue $14,732,390
- See Schedule O - The Hershey Story MuseumExpenses $3,287,071 · revenue $2,036,449
- See Schedule O - Hershey GardensExpenses $2,826,752 · revenue $2,267,702
- Hershey Community ArchivesExpenses $296,469 · revenue $190,661
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-6242734
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T300)
- Assets (IRS master file)
- $73,116,953
- Income (IRS master file)
- $56,493,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,663,182 | $21,790,651 | $73,116,953 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $18,239,892 | $18,799,044 | $71,280,742 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $28,386,935 | $15,280,770 | $69,409,983 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6242734).
Questions about THE M S HERSHEY FOUNDATION
- What is the EIN of THE M S HERSHEY FOUNDATION?
- The employer identification number (EIN) of THE M S HERSHEY FOUNDATION is 23-6242734.
- Is THE M S HERSHEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to THE M S HERSHEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE M S HERSHEY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE M S HERSHEY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE M S HERSHEY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE M S HERSHEY FOUNDATION?
- The 990 for the year ended December 31, 2024 names DONALD PAPSON.
- Who are the officers and directors of THE M S HERSHEY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 5 received compensation from the organization.
- How much revenue does THE M S HERSHEY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,663,182, expenses of $21,790,651 and total assets of $73,116,953 at year end.
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