Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $485,748

• 1e · Government grants (contributions)

  $1,096,701

• 1f · All other contributions, gifts and grants

  $182,484

• 1g · Noncash contributions included above

  $352,205

• 2a · Program service revenue: ADMISSIONS

  total $12,209,693 · related or exempt $12,209,693

• 2b · Program service revenue: MEMBERSHIPS

  total $427,051 · related or exempt $427,051

• 2c · Program service revenue: THEATRE SERVICE - COMMUNITY RENTALS

  total $173,747 · related or exempt $173,747

• 2d · Program service revenue: THEATRE FOOD, BEV., & MISC.

  total $1,082,717 · related or exempt $1,082,717

• 2e · Program service revenue: THEATRE SERVICE FEE INC

  total $666,112 · related or exempt $666,112

• 2f · All other program service revenue

  total $27,428 · related or exempt $27,428

• 3 · Investment income

  total $1,274,795 · excluded $1,274,795

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $125,176

• 6c · Rental income or loss

  real property $125,176 · personal property $0

• 6d · Net rental income or loss

  total $125,176 · excluded $125,176

• 7a · Gross sales of assets other than inventory

  securities $4,773,565 · other assets $3,578

• 7b · Less cost or other basis and sales expenses

  securities $5,183,209

• 7c · Gain or loss

  securities -$409,644 · other assets $3,578

• 7d · Net gain or loss

  total -$406,066 · excluded -$406,066

• 8a · Fundraising events: gross income

  $83,256

• 8b · Fundraising events: direct expenses

  $22,440

• 8c · Net income from fundraising events

  total $60,816

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $1,171,668

• 10b · Cost of goods sold

  $508,178

• 10c · Net income from sales of inventory

  total $663,490 · related or exempt $663,490

• 11a · Other revenue: ARCHIVES FEES FOR SERVICE

  total $170,000 · related or exempt $170,000

• 11e · Other revenue, total

  $170,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $383,534 · program services $0 · management and general $383,534 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · fundraising $0

• 7 · Other salaries and wages

  total $3,290,585 · program services $3,163,842 · management and general $126,743 · fundraising $0

• 8 · Pension plan contributions

  total -$54,846 · program services -$64,635 · management and general $9,789 · fundraising $0

• 9 · Other employee benefits

  total $685,552 · program services $581,072 · management and general $104,480 · fundraising $0

• 10 · Payroll taxes

  total $314,644 · program services $280,616 · management and general $34,028 · fundraising $0

• 11a · Fees: management

  total $1,642,658 · program services $1,609,708 · management and general $32,950 · fundraising $0

• 11b · Fees: legal

  total $61,908 · program services $0 · management and general $61,908 · fundraising $0

• 11c · Fees: accounting

  total $62,053 · program services $4,938 · management and general $57,115 · fundraising $0

• 11d · Fees: lobbying

  total $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $400,255 · program services $0 · management and general $400,255 · fundraising $0

• 11g · Fees: other

  total $11,931 · program services $11,931

• 12 · Advertising and promotion

  total $704,430 · program services $702,611 · management and general $1,819 · fundraising $0

• 13 · Office expenses

  total $26,547 · program services $22,154 · management and general $4,393 · fundraising $0

• 14 · Information technology

  total $134,084 · program services $113,373 · management and general $20,711 · fundraising $0

• 15 · Royalties

  total $0 · fundraising $0

• 16 · Occupancy

  total $795,732 · program services $795,089 · management and general $643 · fundraising $0

• 17 · Travel

  total $1,128 · program services $1,128 · management and general $0 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $5,110 · program services $2,823 · management and general $2,287 · fundraising $0

• 20 · Interest

  total $318,263 · program services $318,263 · management and general $0 · fundraising $0

• 21 · Payments to affiliates

  total $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $2,328,700 · program services $2,328,415 · management and general $285 · fundraising $0

• 23 · Insurance

  total $198,886 · program services $183,100 · management and general $15,786 · fundraising $0

• 24a · Other expenses: COST OF ATTRACTIONS

  total $5,794,858 · program services $5,794,858 · management and general $0 · fundraising $0

• 24b · Other expenses: COLLECTIONS MAINTENANCE

  total $260,544 · program services $260,544 · management and general $0 · fundraising $0

• 24c · Other expenses: PROGRAM SUPPLIES

  total $222,551 · program services $222,132 · management and general $419 · fundraising $0

• 24d · Other expenses: CREDIT CARD FEES

  total $145,030 · program services $144,835 · management and general $195 · fundraising $0

• 24e · All other expenses

  total $1,064,907 · program services $1,046,228 · management and general $13,107 · fundraising $5,572

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,561,589 · end of year $468,594

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $5,181,293

• 3 · Pledges and grants receivable

  beginning of year $97,394 · end of year $73,169

• 4 · Accounts receivable

  beginning of year $5,971,995 · end of year $4,179,771

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $114,612 · end of year $126,501

• 9 · Prepaid expenses and deferred charges

  beginning of year $116,414 · end of year $115,412

• 10a · Land, buildings and equipment: cost or other basis

  $55,374,110

• 10b · Land, buildings and equipment: accumulated depreciation

  $33,323,778

• 10c · Land, buildings and equipment, net

  beginning of year $23,603,850 · end of year $22,050,332

• 11 · Investments: publicly traded securities

  beginning of year $11,495,613 · end of year $10,195,932

• 12 · Investments: other securities

  beginning of year $25,117,254 · end of year $28,591,974

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $331,262 · end of year $297,764

• 17 · Accounts payable and accrued expenses

  beginning of year $469,794 · end of year $967,142

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $3,314,070 · end of year $2,806,954

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $9,238,802 · end of year $8,532,483

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,740,107 · end of year $2,181,745

• 27 · Net assets without donor restrictions

  beginning of year $21,372,977 · end of year $21,883,135

• 28 · Net assets with donor restrictions

  beginning of year $32,274,233 · end of year $34,909,283

The filer's explanations (Part III)

PART VII/ SCHEDULE J REPORTABLE COMPENSATION

THE M.S. HERSHEY FOUNDATION IS ASSOCIATED WITH THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST ("THE SCHOOL") AND OTHER HERSHEY CHARITIES AND FOR-PROFIT ENTITIES. MR. AND MRS. HERSHEY ORGANIZED THE MILTON HERSHEY SCHOOL ("THE SCHOOL") IN THE FORM OF A TRUST ("SCHOOL TRUST") CREATED UNDER AN ORIGINAL 1909 DEED OF TRUST THAT, AS AMENDED, STILL GOVERNS THE OPERATION OF THE SCHOOL. THE DEED OF TRUST SETS FORTH THE RESPECTIVE POWERS AND AUTHORITIES OF THE TRUSTEE AND MANAGERS OF THE SCHOOL, NAMES THE HERSHEY TRUST COMPANY, A STATE-CHARTERED TRUST COMPANY, AS TRUSTEE FOR COMPENSATION OF NO MORE THAN $1,000 PER YEAR AND PROVIDES FOR THE TRUSTEE TO APPOINT THE INDIVIDUAL MANAGERS OF THE SCHOOL FROM ITS OWN BOARD OF DIRECTORS. THE MANAGERS SUBSEQUENTLY INCORPORATED. THAT CORPORATION, ACTING AS MANAGER UNDER THE DEED OF TRUST, TOGETHER WITH THE SCHOOL TRUST ARE THE COMPONENTS OF THE INTEGRATED TAX-EXEMPT ORGANIZATION, THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN:23-1353340). MR. HERSHEY CREATED THE SAME STRUCTURE FOR HIS OTHER CHARITY, THE M.S. HERSHEY FOUNDATION. THE MEMBERS OF THE MANAGERS OF THE M.S. HERSHEY FOUNDATION ARE APPOINTED BY THE HERSHEY TRUST COMPANY IN ITS CAPACITY AS TRUSTEE FROM AMONG ITS OWN BOARD OF DIRECTORS. AS A RESULT OF THE STRUCTURE CREATED BY MR. HERSHEY, HERSHEY TRUST COMPANY SERVES AS TRUSTEE FOR THE MILTON HERSHEY SCHOOL & SCHOOL TRUST AND SERVES AS TRUSTEE FOR THE M.S. HERSHEY FOUNDATION TRUST. THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF THE M.S HERSHEY FOUNDATION MANAGERS, WHO ARE COMPENSATED BY RELATED FOR-PROFIT ENTITIES. (SCH J, PART II, LINE (II)). THE COMPENSATION OF BOARD MEMBERS SERVING ON THE BOARDS OF ANY OF THE RELATED FOR-PROFIT ENTITIES (HERSHEY TRUST COMPANY, HERSHEY ENTERTAINMENT & RESORTS COMPANY AND THE HERSHEY COMPANY) IS COMMENSURATE WITH THEIR RESPONSIBILITIES WITH RESPECT TO THE RELEVANT FOR-PROFIT ENTITY. NONE OF THE COMPENSATION WAS PAID BY THE M.S. HERSHEY FOUNDATION (EIN 23-6242734). (SCHEDULE J, Part II, Line (I)) M. DIANE KOKEN COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). JAMES BROWN COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). MARIA KRAUS COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). JASON WOLFE COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). MICHELLE FIGLAR COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF CERTAIN FOUNDATION OFFICERS. THEY ARE COMPENSATED BY RELATED FOR-PROFIT OR NONPROFIT ENTITIES. THEIR COMPENSATION IS ESTABLISHED BASED UPON DATA PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. THIS PROCESS IS BASED ON POSITION COMPARABLES TAKING INTO ACCOUNT RESPONSIBILITIES AND DUTIES, AUTHORITY, AND OBJECTIVES. NONE OF THEIR COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTIONS OR NON-TAXABLE BENEFITS WAS PAID DIRECTLY BY THE M.S. HERSHEY FOUNDATION DURING THE REPORTING PERIOD. JEREL HOPKINS MR. HOPKINS SERVED AS SECRETARY OF THE MS. HERSHEY FOUNDATION BEGINNING 8/31/2023. HE IS ALSO THE GENERAL COUNSEL, SENIOR VICE PRESIDENT, BOARD SECRETARY AND COMPLIANCE OFFICER FOR HERSHEY TRUST COMPANY (EIN 23-0692150), A RELATED FOR-PROFIT CORPORATION AND SECRETARY OF MILTON HERSHEY SCHOOL (EIN 23-1353340), A RELATED TAX-EXEMPT ORGANIZATION. CAROL DANZ MS. DANZ BEGAN SERVING AS THE ASSISTANT SECRETARY OF THE M.S. FOUNDATION AS OF JANUARY 1, 2018. SHE IS ALSO AN EMPLOYEE OF THE HERSHEY TRUST COMPANY (EIN 23-0692150), A RELATED FOR-PROFIT CORPORATION. TRUSTEE HERSHEY TRUST COMPANY HERSHEY TRUST COMPANY, TRUSTEE, IS PAID $1,000 ANNUALLY FOR ITS SERVICES AS STIPULATED IN THE DEED OF TRUST. THE TRUSTEE'S ACTUAL TIME SPENT PER WEEK ON THE M.S. HERSHEY FOUNDATION MATTERS WOULD BE AN ACCUMULATION OF THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON FORM 990, PART VII. THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON FORM 990, PART VII.

FORM 990, PART VII/SCHEDULE J

THE FOLLOWING TABLE DETAILS M.S. HERSHEY FOUNDATION MANAGERS, MEMBERS AND OFFICERS WHO ARE ALSO MANAGERS, MEMBERS AND OFFICERS OF RELATED ORGANIZATIONS AND THE HOURS SPENT PER WEEK ON DUTIES FOR THESE RELATED ORGANIZATIONS: MILTON THE HERSHEY HERSHEY SCHOOL & HERSHEY ENTERTAINMENT & SCHOOL TRUST COMPANY RESORTS CO. JAMES BROWN 6.0 2.0 - M. DIANE KOKEN 13.0 4.0 - CAROL DANZ 42.0 - - MARIA KRAUS 7.0 7.0 - JEREL HOPKINS 50.0 - - THOMAS SCHIMDT 35.0 - - JASON WOLFE 4.0 - - MICHELLE FIGLAR 3.0 - - NOTE: TIME SPENT ON HERSHEY TRUST COMPANY MATTERS IS INCLUDED IN THE MILTON HERSHEY SCHOOL & SCHOOL TRUST AVERAGE HOURS WORKED PER WEEK.

FORM 990, PART VII, SCHEDULE J

THE RELATED ORGANIZATIONS PROVIDE THE FOUNDATION WITH ALL PERTINENT PAYROLL INFORMATION REQUIRED TO COMPLETE PART VII AND SCHEDULE J OF THE FORM 990.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• THE MS HERSHEY FOUNDATION LLC

  NON-PROFIT · PA · income $0 · assets $0

  Directly controlled by THE MS FDN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HERSHEY TRUST COMPANY

  C CORP · STATE TRUST C · PA

  Directly controlled by na

• HERSHEY ENTERTAINMENT & RESORTS COMPANY

  C CORP · ENTERTAINMENT · PA

  Directly controlled by na

• THE HERSHEY COMPANY

  C CORP · CONFECTIONERY · PA

  Directly controlled by na

• MS FOUNDATION BLK TRUST

  TRUST · INVESTMENTS · CA · 100% owned · controlled entity

• MILTON HERSHEY SCHOOL BLK TRUST

  TRUST · INVESTMENTS · CA

  Directly controlled by MHS TRUST

• HERSHEY WEST END LAND CONDO ASSOC INC

  C CORP · CONDO ASSOCIATION · PA

  Directly controlled by HTC TRUSTEE

• THE ORCHARD AT HERSHEY CONDO ASSOC INC

  C CORP · INACTIVE · PA

  Directly controlled by HTC TRUSTEE