Nonprofit · EIN 74-6039126
JACOB & TERESE HERSHEY FOUNDATION
Tax-exempt · HOUSTON, TX 77006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,623,508 | $8,983,545 | -$360,037 | $106,953,604 | $171 | $106,953,433 |
| December 31, 2023 | 990-PF | $3,489,389 | $8,306,121 | -$4,816,732 | $107,316,267 | $1,459 | $107,314,808 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,042
- Dividends
- $2,283,323
- Net gain from sales of assets
- $5,539,748
- Other income
- $400,395
Expenses
- Grants and similar amounts paid
- $6,844,100
- Compensation of officers, directors and key employees
- $285,375
- Salaries, compensation and benefits (total)
- $482,302
- Disbursements for charitable purposes
- $8,062,932
- Excise tax on investment income
- $105,094
Balance sheet and other
- Total assets, start of year
- $107,316,267
- Total assets, end of year
- $106,953,604
- Total liabilities, end of year
- $171
- Net assets, end of year
- $106,953,433
- Fair market value of assets
- $123,440,910
- Qualifying distributions
- $8,065,845
- Net investment income
- $8,401,603
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth GLove PO Box 66009, Houston, TX 77266 | CEO | 40 | $285,375 | $37,131 |
| Deborah Mueller PO Box 66009, Houston, TX 77266 | Director Operations Highest-paid employee | 30 | $173,195 | $8,660 |
| Carolina Salmeron PO Box 66009, Houston, TX 77266 | Program Officer Highest-paid employee | 40 | $135,613 | $6,781 |
| Alan Chang PO Box 66009, Houston, TX 77266 | Director of Finance Highest-paid employee | 30 | $122,318 | $19,061 |
| Julia Gutierrez PO Box 66009, Houston, TX 77266 | Executive Assistant Highest-paid employee | 30 | $51,176 | $2,428 |
| Jeffrey Hershey PO Box 66009, Houston, TX 77266 | President/Director | 5 | $0 | $0 |
| Andrew H Sansom PO Box 66009, Houston, TX 77266 | Treasurer/Director | 5 | $0 | $0 |
| Amie Rodnick PO Box 66009, Houston, TX 77266 | Secretary/Director | 5 | $0 | $0 |
| Kim Baker PO Box 66009, Houston, TX 77266 | Director | 5 | $0 | $0 |
| Olive Hershey PO Box 66009, Houston, TX 77266 | Director | 5 | $0 | $0 |
| Bakeyah Nelson PO Box 66009, Houston, TX 77266 | Director | 5 | $0 | $0 |
| Angelica Razo PO Box 66009, Houston, TX 77266 | Director | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth GLove 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | CEO | 40 | $263,384 | $32,953 |
| Deborah Mueller 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director Operations Highest-paid employee | 30 | $162,855 | $8,143 |
| Carolina Salmeron 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Program Officer Highest-paid employee | 40 | $126,563 | $6,215 |
| Alan Chang 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director of Finance Highest-paid employee | 30 | $76,667 | $3,809 |
| Jeffrey Hershey 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | President/Director | 5 | $0 | $0 |
| Andrew H Sansom 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Treasurer/Director | 5 | $0 | $0 |
| Amie Rodnick 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Secretary/Director | 5 | $0 | $0 |
| Kim Baker 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director | 5 | $0 | $0 |
| Olive Hershey 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director | 5 | $0 | $0 |
| Bakeyah Nelson 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director | 5 | $0 | $0 |
| Angelica Razo 4306 Yoakum Blvd Suite 520, Houston, TX 77006 | Director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4306 YOAKUM BLVD STE 520, HOUSTON, TX 77006-5883
- Signed the 990-PF
- Elizabeth G Love, CEO
- Phone
- (713) 529-7610
- Website
- www.jthershey.org
- Return prepared by
- Blazek & Vetterling
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 74-6039126
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $106,953,604
- Income (IRS master file)
- $39,745,426
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,623,508 | $8,983,545 | $106,953,604 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,489,389 | $8,306,121 | $107,316,267 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 74-6039126).
Questions about JACOB & TERESE HERSHEY FOUNDATION
- What is the EIN of JACOB & TERESE HERSHEY FOUNDATION?
- The employer identification number (EIN) of JACOB & TERESE HERSHEY FOUNDATION is 74-6039126.
- Is JACOB & TERESE HERSHEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to JACOB & TERESE HERSHEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JACOB & TERESE HERSHEY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JACOB & TERESE 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 JACOB & TERESE HERSHEY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JACOB & TERESE HERSHEY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $285,375 (Elizabeth GLove, CEO).
- How much revenue does JACOB & TERESE HERSHEY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,623,508, expenses of $8,983,545 and total assets of $106,953,604 at year end.
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