The M S Hershey Foundation

Tax-deductible

Hershey, PA501(c)(3)Since 1935Foundations & GrantmakersEIN 23-6242734Revenue $25.7M in FY2024

On file with the IRSmshersheyfoundation.org63 W Chocolate Ave, 17033-1502 · Hershey, PATax-exempt since Jul 1966Publicly supported — 509(a)(2)

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To preserve and enhance milton hershey's legacy and community vision and to provide educational and cultural enrichment to the residents of the Hershey area.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 493 volunteers and 179 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $5.0M a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$636K
to officers and key staff · 3% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $223K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11.6M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.7M
+41% vs prior year
Spent
$21.8M
To programs
95%
Net assets
$61.5M
By yearFY2020–FY2024
Revenue
$25.7M
FY2024▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.8M
FY2021$17.2M
FY2022$28.4M
FY2023$18.2M
FY2024$25.7M
Expenses
$21.8M
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.3M
FY2021$9.1M
FY2022$15.3M
FY2023$18.8M
FY2024$21.8M
Net assets
$61.5M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$36.9M
FY2021$45.3M
FY2022$53.6M
FY2023$56.8M
FY2024$61.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $20.6M Management & general 5% · $1.1M Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $636K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$226,023Pt VII · Sec A
Assoc. Exec. Dir./Treas
$174,680Pt VII · Sec A
SR Director Programming
$119,400Pt VII · Sec A
SR Director of Communications
$115,140Pt VII · Sec A
Institutional Trustee
$1,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Former Board of Managers
$0Pt VII · Sec A

Donald Papson’s $226K as Executive Director is at the 46th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Donald Papson$226,023$226,342$175,000$135,192$116,346
Bridget Beck$174,680$157,101$157,000$152,000$127,720
Amy Zeigler$119,400$114,958$108,654——
Jill Manley$115,140$108,084$103,231——
Hershey Trust Company$1,000$1,000$1,000$1,000$1,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The M S Hershey Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves Hershey's legacy and enriches the community through education and culture.

Provided by the organization

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3 programs · $20.3M · in their own filed words · FY2024
01

See Schedule O

Hershey Theatre

$14.2Mprogram expense
02

See Schedule O

The Hershey Story Museum

$3.3Mprogram expense
03

See Schedule O

Hershey Gardens

$2.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$223K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$25.7M
Ln 12
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$3.5M
Gifts and grantsLn 1h$2.7M
Money outPt IX
$21.8M
Ln 25
Programscol B$20.6M
Managementcol C$1.1M
Fundraisingcol D$2K
Owns and owesPt X
$61.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$73.1M
LiabilitiesLn 26$11.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$238K
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$3.5M
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$1.9M
Total revenueLn 12$25.7M
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$6.2M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$41.9M
Land, buildings, equipmentLn 10c$20.6M
Other assetsLn 15$320K
Total assetsLn 16$73.1M
LiabilitiesLn 26$11.6M
Net assetsLn 32$61.5M
OperationsPt I, VI
EmployeesI 5179
VolunteersI 6493
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.6M$6.3M
InvestmentsLn 11–13$38.8M$41.9M
Land, buildings, equipmentLn 10c$22.1M$20.6M
Total assetsLn 16$71.3M$73.1M
LiabilitiesLn 26$14.5M$11.6M
Net assetsLn 32$56.8M$61.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$401K$0$401K$0
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$3.4M$3.3M$105K$0
Pension plan contributionsLn 8−$135K−$129K−$6K$0
Other employee benefitsLn 9$777K$624K$153K$0
Payroll taxesLn 10$318K$283K$35K$0
Management feesLn 11a$2.1M$2.0M$45K$0
Legal feesLn 11b$11K$0$11K$0
Accounting feesLn 11c$46K$4K$41K$0
Lobbying feesLn 11d$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$238K$0$238K$0
Other fees for servicesLn 11g$293$293
Advertising and promotionLn 12$575K$572K$3K$0
Office expensesLn 13$26K$21K$6K$0
Information technologyLn 14$31K$19K$12K$0
RoyaltiesLn 15$0$0
OccupancyLn 16$825K$824K$663$0
TravelLn 17$939$939$0$0
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$296K$296K$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$2.1M$2.1M$9K$0
InsuranceLn 23$225K$209K$17K$0
Other expenses (24a–d)Ln 24$8.8M$8.8M$0$0
All other expensesLn 24e$1.8M$1.7M$74K$2K
Total functional expensesLn 25$21.8M$20.6M$1.1M$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $25.7M$21.8M$3.9M$61.5M 990 PDF
FY2023 $18.2M$18.8M−$559K$56.8M 990 PDF
FY2022 $28.4M$15.3M$13.1M$53.6M 990 PDF
FY2021 $17.2M$9.1M$8.1M$45.3M 990 PDF
FY2020 $7.8M$7.3M$579K$36.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $25,663,182 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,764,933$2,745,728
I-9 Program service revenuePrior year $14,586,748$18,318,143
I-10 Investment incomePrior year $868,729$3,482,119
I-11 Other revenuePrior year $1,019,482$1,117,192
I-12 Total revenuePrior year $18,239,892$25,663,182
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,619,469$4,797,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,179,575$16,993,067
I-18 Total expensesPrior year $18,799,044$21,790,651
I-19 Revenue less expensesPrior year −$559,152$3,872,531
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,663,182 across 13 lines filed
Lines not itemized here account for $800,882 of total revenue; see the IRS return.
VIII-1d Related organizations$609,432
VIII-1e Government grants$1,058,819
VIII-1f All other contributions, gifts and grants$1,077,477
VIII-1g Noncash contributions (included above)$237,845
VIII-1h Total contributions, gifts and grants$2,745,728
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,256,320$18,256,320
VIII-3 Investment incomeExcluded from tax $1,550,781$1,550,781
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $137,315$137,315
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,931,338$1,931,338
VIII-8 Net income from fundraising eventsExcluded from tax $70,818$70,818
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $170,000$170,000
VIII-12 Total revenueRelated to mission $19,227,202 · Unrelated business $0 · Excluded from tax $3,690,252$25,663,182
Part IX · Statement of functional expenses $21,790,651 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $400,703 · Fundraising $0$400,703
IX-6 Pay of disqualified personsFundraising $0$0
IX-7 Other salaries and wagesPrograms $3,332,223 · Management $104,645 · Fundraising $0$3,436,868
IX-8 Pension plan contributionsPrograms −$129,181 · Management −$5,918 · Fundraising $0−$135,099
IX-9 Other employee benefitsPrograms $623,779 · Management $153,291 · Fundraising $0$777,070
IX-10 Payroll taxesPrograms $282,987 · Management $35,055 · Fundraising $0$318,042
IX-11a Management feesPrograms $2,026,162 · Management $45,215 · Fundraising $0$2,071,377
IX-11b Legal feesPrograms $0 · Management $11,322 · Fundraising $0$11,322
IX-11c Accounting feesPrograms $4,325 · Management $41,304 · Fundraising $0$45,629
IX-11d Lobbying feesFundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $237,845 · Fundraising $0$237,845
IX-11g Other fees for servicesPrograms $293$293
IX-12 Advertising and promotionPrograms $572,073 · Management $2,571 · Fundraising $0$574,644
IX-13 Office expensesPrograms $20,834 · Management $5,537 · Fundraising $0$26,371
IX-14 Information technologyPrograms $19,250 · Management $11,691 · Fundraising $0$30,941
IX-15 RoyaltiesFundraising $0$0
IX-16 OccupancyPrograms $824,229 · Management $663 · Fundraising $0$824,892
IX-17 TravelPrograms $939 · Management $0 · Fundraising $0$939
IX-18 Travel and entertainment for public officialsFundraising $0$0
IX-19 Conferences, conventions and meetingsFundraising $0$0
IX-20 InterestPrograms $296,182 · Management $0 · Fundraising $0$296,182
IX-21 Payments to affiliatesFundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $2,064,344 · Management $8,604 · Fundraising $0$2,072,948
IX-23 InsurancePrograms $208,595 · Management $16,666 · Fundraising $0$225,261
IX-24 Other expenses (24a–d)Programs $8,798,559 · Management $0 · Fundraising $0$8,798,559
IX-24e All other expensesPrograms $1,700,078 · Management $74,203 · Fundraising $1,583$1,775,864
IX-25 Total functional expensesPrograms $20,645,671 · Management $1,143,397 · Fundraising $1,583$21,790,651
Part X · Balance sheet $73,116,953 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $468,594$75,864
X-2 Savings and temporary cash investmentsStart of year $5,181,293$6,206,567
X-3 Pledges and grants receivableStart of year $73,169$310,000
X-4 Accounts receivableStart of year $4,179,771$3,326,843
X-8 Inventories for sale or useStart of year $126,501$177,078
X-9 Prepaid expenses and deferred chargesStart of year $115,412$195,147
X-10c Land, buildings and equipment, netStart of year $22,050,332$20,598,860
X-11 Publicly traded securitiesStart of year $10,195,932$7,734,087
X-12 Other securitiesStart of year $28,591,974$34,172,240
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $297,764$320,267
X-16 Total assetsStart of year $71,280,742$73,116,953
X-17 Accounts payable and accrued expensesStart of year $967,142$845,524
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,806,954$1,451,475
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,181,745$1,533,893
X-26 Total liabilitiesStart of year $14,488,324$11,631,152
X-27 Net assets without donor restrictionsStart of year $21,883,135$23,327,323
X-28 Net assets with donor restrictionsStart of year $34,909,283$38,158,478
X-32 Total net assets or fund balancesStart of year $56,792,418$61,485,801
X-33 Total liabilities and net assetsStart of year $71,280,742$73,116,953
Part XI · Reconciliation of net assets $61,485,801 net assets at year end
XI-1 Total revenue$25,663,182
XI-2 Total expenses$21,790,651
XI-3 Revenue less expenses$3,872,531
XI-4 Net assets at start of year$56,792,418
XI-5 Net unrealized gains (losses) on investments$476,139
XI-9 Other changes in net assets$344,713
XI-10 Net assets at end of year$61,485,801

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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