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Filing year 2023

RICHARD AND ETHEL HERZFELD FOUNDATION INC

Milwaukee, Wisconsin·EIN 23-7230686·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1.5M
Total assets
$76.2M
Total expenses
$2.9M
Reported officers
6

Executive compensation

Form 990-PF · Part VIII · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Wisconsin.

President
Board President
25th percentile to median
$11k
$12k
Treasurer
Board Treasurer
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide
$11k
$12k
Secretary
Board Secretary
25th percentile to medianvs Philanthropy, Voluntarism & Grantmaking peers nationwide
$10k
$11k
Director
Unclassified
$10k
$11k
Vice President
Board Vice President
Median to 75th percentile
$10k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at RICHARD AND ETHEL HERZFELD FOUNDATION INC equaled 0.4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$2.3M

Itemized grants

52

Median grant

$30k

RecipientLocationPurposeAmount
MILWAUKEE BALLETMILWAUKEE, WINEW NUTCRACKER CAMPAIGN$167k
MILWAUKEE SYMPHONY ORCHESTRAMILWAUKEE, WIGENERAL OPERATIONS$155k
MILWAUKEE FILM INCMILWAUKEE, WIGENERAL OPERATIONS$150k
MILWAUKEE ART MUSEUMMILWAUKEE, WIGENERAL OPERATIONS$140k
MILWAUKEE BALLETMILWAUKEE, WIGENERAL OPERATIONS$135k
FLORENTINE OPERA COMPANYMILWAUKEE, WIGENERAL OPERATIONS$110k
ARTS AT LARGEMILWAUKEE, WIARTS AT LARGE COMMUNITY CENTER$83k
TEENS GROW GREENSMILWAUKEE, WITHE GREEN ACRE$83k
WISCONSIN POLICY FORUMMILWAUKEE, WI$5,000 RESTRICTED RESEARCH AND REPORT RE SERVICE SHARING IN MILWAUKEE'S NONPROFIT ARTS & CULTURE SECTOR$55k
BETTY BRINN CHILDREN'S MUSEUMMILWAUKEE, WIGENERAL OPERATIONS$50k
COA YOUTH AND FAMILY CENTERSMILWAUKEE, WIGENERAL OPERATIONS$50k
MARCUS CENTER FOR THE PERFORMING ARTSMILWAUKEE, WIGENERAL OPERATIONS$50k
MILWAUKEE PUBLIC LIBRARY FOUNDATIONMILWAUKEE, WIBOOKS2GO PROGRAM$50k
NEAR WEST SIDE PARTNERSMILWAUKEE, WIGENERAL OPERATIONS$50k
NEIGHBORHOOD HOUSE OF MILWAUKEEMILWAUKEE, WIGENERAL OPERATIONS$50k
SILVER SPRING NEIGHBORHOOD CENTERMILWAUKEE, WIGENERAL OPERATIONS$50k
TEENS GROW GREENSMILWAUKEE, WIGENERAL OPERATIONS$50k
UNITED COMMUNITY CENTERMILWAUKEE, WIGENERAL OPERATIONS$50k
URBAN ECOLOGY CENTERMILWAUKEE, WIGENERAL OPERATIONS$50k
YWCA OF SOUTHEAST WISCONSINMILWAUKEE, WIGENERAL OPERATIONS$50k
ARTS AT LARGEMILWAUKEE, WIGENERAL OPERATIONS$40k
RADIO FOR MILWAUKEEMILWAUKEE, WIGENERAL OPERATIONS$40k
SKYLIGHT MUSIC THEATREMILWAUKEE, WIGENERAL OPERATIONS$40k
YMCA OF GREATER MILWAUKEEMILWAUKEE, WIEARLY CHILDHOOD EDUCATION PROGRAM AND THE BACKPACK PROGRAM (FOOD SECURITY)$40k
BLACK ARTS MKEMILWAUKEE, WIGENERAL OPERATIONS$30k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RICHARD AND ETHEL HERZFELD FOUNDATION INC

What does the Board President of RICHARD AND ETHEL HERZFELD FOUNDATION INC earn?

In 2023, the Board President of RICHARD AND ETHEL HERZFELD FOUNDATION INC received $11,200 in total compensation. This pay is below the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Wisconsin, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board President pay at RICHARD AND ETHEL HERZFELD FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Wisconsin, the 2023 pay of the Board President at RICHARD AND ETHEL HERZFELD FOUNDATION INC falls between the 25th percentile and the median. In 2023, the highest total compensation at RICHARD AND ETHEL HERZFELD FOUNDATION INC equaled 0.4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are RICHARD AND ETHEL HERZFELD FOUNDATION INC's revenue and expenses?

In 2023, RICHARD AND ETHEL HERZFELD FOUNDATION INC reported $1.5M in total revenue and $2.9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.