Nonprofit · EIN 74-6070484
ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION
Tax-exempt · HOUSTON, TX 77055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $19,919,271 | $6,955,708 | $12,963,563 | $132,253,761 | $31,732 | $132,222,029 |
| December 31, 2023 | 990-PF | $9,391,085 | $6,163,060 | $3,228,025 | $126,529,173 | $7,541 | $126,521,632 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $9,361,833
- Net gain from sales of assets
- $9,736,268
- Other income
- $821,170
Expenses
- Grants and similar amounts paid
- $5,876,300
- Compensation of officers, directors and key employees
- $325,291
- Salaries, compensation and benefits (total)
- $216,746
- Disbursements for charitable purposes
- $6,404,766
- Excise tax on investment income
- $269,872
Balance sheet and other
- Total assets, start of year
- $126,529,173
- Total assets, end of year
- $132,253,761
- Total liabilities, end of year
- $31,732
- Net assets, end of year
- $132,222,029
- Fair market value of assets
- $132,253,761
- Qualifying distributions
- $6,404,766
- Net investment income
- $19,806,198
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 |
|---|---|---|---|---|
| JUSTINA RENEE MASARYK 6131 WESTVIEW, HOUSTON, TX 77055 | PRESIDENT | 28 | $151,958 | $22,794 |
| MARISSA CUTAIA 6131 WESTVIEW, HOUSTON, TX 77055 | CONTROLLER Highest-paid employee | 28 | $133,228 | $0 |
| KRISTINA GANTZ 6131 WESTVIEW, HOUSTON, TX 77055 | EXECUTIVE ASSISTANT Highest-paid employee | 20 | $51,319 | $0 |
| MICHAEL VIATOR 6131 WESTVIEW, HOUSTON, TX 77055 | CHAIRMAN | 5 | $30,000 | $0 |
| STEVEN SHELDON 6131 WESTVIEW, HOUSTON, TX 77055 | SECRETARY/TREASURER | 5 | $30,000 | $0 |
| ROBERT SHOSS 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $30,000 | $0 |
| RICHARD LOEWENSTERN 6131 WESTVIEW, HOUSTON, TX 77055 | EMERITUS ADVISORY DIRECTOR | 5 | $20,000 | $0 |
| CRAIG LOEWENSTERN 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $20,000 | $0 |
| GEORGE W STRAKE III 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $20,000 | $0 |
| BRYAN MILLER 6131 WESTVIEW, HOUSTON, TX 77055 | VICE PRESIDENT | 5 | $20,000 | $0 |
| GEORGE W STRAKE JR 1124-2924 6131 WESTVIEW, HOUSTON, TX 77055 | EMERITUS ADVISORY DIRECTOR | 5 | $3,333 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| L MICHAEL HAJTMAN 6131 WESTVIEW, HOUSTON, TX 77055 | PRESIDENT (1/1/23-8/4/23) | 40 | $132,300 | $21,664 |
| JUSTINA RENEE MASARYK 6131 WESTVIEW, HOUSTON, TX 77055 | EXECUTIVE DIRECTOR & INTERIM PRESIDENT | 40 | $123,083 | $18,463 |
| KARA BOLEYN 6131 WESTVIEW, HOUSTON, TX 77055 | GRANTS OFFICER Highest-paid employee | 40 | $52,083 | $7,813 |
| GEORGE W STRAKE JR 6131 WESTVIEW, HOUSTON, TX 77055 | EMERITUS ADVISORY | 5 | $25,833 | $0 |
| MICHAEL VIATOR 6131 WESTVIEW, HOUSTON, TX 77055 | CHAIRMAN | 5 | $24,167 | $0 |
| STEVEN SHELDON 6131 WESTVIEW, HOUSTON, TX 77055 | SECRETARY/TREASURER | 5 | $24,167 | $0 |
| ROBERT SHOSS 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $24,167 | $0 |
| RICHARD LOEWENSTERN 6131 WESTVIEW, HOUSTON, TX 77055 | EMERITUS ADVISORY | 5 | $22,917 | $0 |
| CRAIG LOEWENSTERN 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $20,000 | $0 |
| GEORGE W STRAKE III 6131 WESTVIEW, HOUSTON, TX 77055 | DIRECTOR | 5 | $20,000 | $0 |
| BRYAN MILLER 6131 WESTVIEW, HOUSTON, TX 77055 | VICE PRESIDENT | 5 | $20,000 | $0 |
Address and contacts
- Address (IRS master file)
- 6131 WESTVIEW DR, HOUSTON, TX 77055-5421
- In care of
- % L MICHAEL HAJTMAN
- Signed the 990-PF
- JUSTINA RENEE MASARYK, PRESIDENT
- Phone
- (713) 681-7868
- Website
- WWW.HERZSTEINFOUNDATION.ORG
- Return prepared by
- LAPORTE APAC
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
- 74-6070484
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $132,253,761
- Income (IRS master file)
- $32,442,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,919,271 | $6,955,708 | $132,253,761 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $9,391,085 | $6,163,060 | $126,529,173 | 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 74-6070484).
Questions about ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION
- What is the EIN of ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION?
- The employer identification number (EIN) of ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION is 74-6070484.
- Is ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ALBERT AND ETHEL HERZSTEIN CHARITABLE 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 ALBERT AND ETHEL HERZSTEIN CHARITABLE 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 ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 11 received compensation from the organization, the highest $151,958 (JUSTINA RENEE MASARYK, PRESIDENT).
- How much revenue does ALBERT AND ETHEL HERZSTEIN CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,919,271, expenses of $6,955,708 and total assets of $132,253,761 at year end.
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All nonprofits in HOUSTON · Texas · Philanthropy, voluntarism and grantmaking foundations