GARY & JEANETTE HERBERT FOUNDATION

EIN: 843400544 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$473,500
Total Expenses
$1,708,794
Total Assets
$1,276,710
Net Assets
$1,276,710
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
UT
Principal Officer
GARY R HERBERT
Phone
8013185598
Tax Period
2023-01-01 to 2023-12-31

GARY & JEANETTE HERBERT FOUNDATION, founded in 2019, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 261% operating deficit.

Mission

THE MISSION OF THE GARY AND JEANETTE HERBERT FOUNDATION IS TO EDUCATE, RAISE AWARENESS, AND PROMOTE UNDERSTANDING OF THE FUNDAMENTAL GOVERNING PRINCIPLES OF OUR DEMOCRATIC REPUBLIC. THE FOUNDATION WILL PERFORM ITS MISSION BY: - SPONSORING EDUCATIONAL EFFORTS TO EXPAND PUBLIC UNDERSTANDING OF INDIVIDUAL LIBERTIES, CIVIC ENGAGEMENT, FREE MARKET PRINCIPLES, AND APPROPRIATE GOVERNMENT FUNCTIONS - PROMOTING MEANINGFUL DISCOURSE OF THE ROLES OF FEDERAL AND STATE GOVERNMENTS WITHOUT REGARD TO POLITICAL AFFILIATIONS - SUPPORTING THE EFFORTS OF THE HERBERT INSTITUTE FOR PUBLIC POLICY AT UTAH VALLEY UNIVERSITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $473,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $473,500

Expense Breakdown

Grants Paid $1,575,000
Salaries & Benefits $0
Fundraising Expenses $105,550
Program Expenses $1,590,183
Other Expenses $28,244
TOTAL EXPENSES $1,708,794

Year-over-Year Comparison

2023 2022 Change
Revenue $473,500 $2,471,000 -0.8%
Expenses $1,708,794 $195,802 +7.7%
Net Income $-1,235,294 $2,275,198 -1.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY R HERBERT BOARD CHAIR, 20.00
Officer Director
$0 $0 $0
RONALD K HAWKINS BOARD MEMBER 3.00
Officer Director
$0 $0 $0
JEANETTE HERBERT BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY S BELL BOARD MEMBER 1.00
Director
$0 $0 $0
AMY REES ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA MILLER CORP SECRETA 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $473,500 $1,708,794 $1,276,710 $-1,235,294
2022 $2,471,000 $195,802 $2,512,004 $2,275,198
2021 $235,999 $584,821 $236,807 $-348,822
2020 $281,325 $13,099 $585,629 $268,226
2019 $321,239 $3,836 $317,403 $317,403
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