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Herzog Tomorrow Foundation
Herzog Tomorrow Foundation reported $25.0 million in revenue and $16.4 million in expenses for calendar year 2025. Of every $100 it spent, $94.69 went to program services, $0.64 to management and general costs and $4.67 to fundraising. Its largest source of revenue was contributions and grants: 99.8% of the total. Government grants made up 56.8%. The highest compensation it reported for one person was $294,298 (President). 1 person received more than $100,000 in reportable compensation. Revenue rose 447% between 2022 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 56.8% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $294,298 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.80% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 1 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.4 | 56.6 |
| Independent voting board members Part VI 1a–1b | 0 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Officer, 10.00 hrs/week | $0 | $294,298 | $0 | $294,298 |
| Director Director/trustee, 3.00 hrs/week | $0 | $292,469 | $0 | $292,469 |
| Director and Secretary / Treasurer Director/trustee, officer, 5.00 hrs/week | $0 | $289,357 | $0 | $289,357 |
| Director Director/trustee, 3.00 hrs/week | $0 | $196,394 | $0 | $196,394 |
| Major Gifts Officer Highest compensated employee, 40.00 hrs/week | $139,528 | $0 | $0 | $139,528 |
1 people received more than $100,000 in reportable compensation from Herzog Tomorrow Foundation (Part VII, line 2).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Herzog Tomorrow Foundation totaling $164 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Herzog Tomorrow Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Herzog Tomorrow Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Herzog Tomorrow Foundation spent in 2025, $94.69 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Herzog Tomorrow Foundation's spending goes to programs?
In calendar year 2025, Herzog Tomorrow Foundation reported that 94.7% of its $16.4 million in expenses went to program services, 0.6% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does Herzog Tomorrow Foundation pay its top executive?
The largest total compensation Herzog Tomorrow Foundation reported for one person in calendar year 2025 was $294,298, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Herzog Tomorrow Foundation get its money?
Of $25.0 million in revenue in calendar year 2025, 99.8% came from contributions and grants (including 56.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Herzog Tomorrow Foundation a registered charity?
The IRS lists EIN 87-4101610 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202601339349302745 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202521149349301627 · read the filing
- 2023: Form 990 for calendar year 2023, object 202441359349307139 · read the filing
- 2022: Form 990 for calendar year 2022, object 202331189349301038 · read the filing
All filings for EIN 87-4101610: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.