Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $57,374

• 2a · Program service revenue: AG MILK, LIVESTOCK & CROP SALES

  total $332,081 · related or exempt $332,081

• 2b · Program service revenue: UTILITY REBATES

  total $14,208 · related or exempt $14,208

• 2c · Program service revenue: FOOD REBATES

  total $4,189 · related or exempt $4,189

• 2d · Program service revenue: MEMORABILIA SALES TO PUBLIC

  total $2,630 · related or exempt $2,630

• 2e · Program service revenue: ALL OTHER PROGRAM SERVICES

  total $13,708 · related or exempt $13,708

• 3 · Investment income

  total $626,934,995 · unrelated business $13,198,173 · excluded $613,736,822

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

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $5,613,919 · personal property $0

• 6b · Less rental expenses

  real property $2,948,900 · personal property $0

• 6c · Rental income or loss

  real property $2,665,019 · personal property $0

• 6d · Net rental income or loss

  total $2,665,019 · unrelated business $44,536 · excluded $2,620,483

• 7a · Gross sales of assets other than inventory

  securities $5,177,450,274 · other assets $469,347

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

  securities $4,993,884,487 · other assets $34,704

• 7c · Gain or loss

  securities $183,565,787 · other assets $434,643

• 7d · Net gain or loss

  total $184,000,430 · excluded $184,000,430

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $10,485,470 · program services $10,485,470

• 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 $4,612,049 · program services $2,430,710 · management and general $2,181,339 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $117,235,237 · program services $109,494,111 · management and general $7,741,126 · fundraising $0

• 8 · Pension plan contributions

  total $13,596,638 · program services $12,509,419 · management and general $1,087,219 · fundraising $0

• 9 · Other employee benefits

  total $35,036,221 · program services $31,544,141 · management and general $3,492,080 · fundraising $0

• 10 · Payroll taxes

  total $11,019,924 · program services $10,028,131 · management and general $991,793 · fundraising $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $5,963,202 · program services $4,721,108 · management and general $1,242,094 · fundraising $0

• 11c · Fees: accounting

  total $600,177 · program services $431,496 · management and general $168,681 · fundraising $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $45,211,481 · program services $0 · management and general $45,211,481 · fundraising $0

• 11g · Fees: other

  total $8,238,928 · program services $8,238,928

• 12 · Advertising and promotion

  total $18,687,519 · program services $6,798,741 · management and general $11,888,778 · fundraising $0

• 13 · Office expenses

  total $3,006,800 · program services $2,755,680 · management and general $251,120 · fundraising $0

• 14 · Information technology

  total $3,378,744 · program services $3,176,519 · management and general $202,225 · fundraising $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $7,401,880 · program services $6,380,514 · management and general $1,021,366 · fundraising $0

• 17 · Travel

  total $2,080,015 · program services $2,026,395 · management and general $53,620 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $523,263 · program services $441,001 · management and general $82,262 · fundraising $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $38,099,174 · program services $32,579,023 · management and general $5,520,151 · fundraising $0

• 23 · Insurance

  total $3,218,182 · program services $2,719,335 · management and general $498,847 · fundraising $0

• 24a · Other expenses: CONTRACTED SERVICES

  total $10,615,186 · program services $5,776,542 · management and general $4,838,644

• 24b · Other expenses: FOOD, CLOTHING & HOUSEHOLD

  total $8,930,747 · program services $8,595,101 · management and general $335,646

• 24c · Other expenses: EQUIP RENTAL & MAINTENANCE

  total $6,525,888 · program services $5,720,829 · management and general $805,059

• 24d · Other expenses: TRUST EXPENSES

  total $1,131,371 · program services $0 · management and general $1,131,371

• 24e · All other expenses

  total $14,485,540 · program services $13,076,052 · management and general $1,409,488

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,922,850 · end of year $2,658,683

• 2 · Savings and temporary cash investments

  beginning of year $71,629,169 · end of year $286,739,646

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $53,316,120 · end of year $229,136,789

• 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 $3,662,278 · end of year $3,696,031

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,023,346 · end of year $2,137,273

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

  $1,497,730,305

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

  $632,164,791

• 10c · Land, buildings and equipment, net

  beginning of year $841,357,196 · end of year $865,565,514

• 11 · Investments: publicly traded securities

  beginning of year $2,396,271,599 · end of year $3,510,773,622

• 12 · Investments: other securities

  beginning of year $20,853,876,676 · end of year $18,535,462,890

• 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 $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $203,385,121 · end of year $326,642,373

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $2,091,482,384 · end of year $2,391,840,342

• 28 · Net assets with donor restrictions

  beginning of year $21,935,191,729 · end of year $20,717,687,733

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

TRAVEL FOR COMPANIONS SPOUSE/DEPENDENT TRAVEL: SPOUSES AND CHILDREN OF BOARD MEMBERS MAY BE INVITED TO ATTEND GRADUATION AND THE ANNUAL BOARD RETREAT AT THE DISCRETION OF THE SCHOOL OR TRUST COMPANY. IF A SPOUSE OR DEPENDENT ACCOMPANIES A BOARD MANAGER/DIRECTOR TO THE ANNUAL RETREAT, ALL CHARGES RELATED TO THE SPOUSE OR CHILD ARE THE RESPONSIBILITY OF THE MANAGER/DIRECTOR. IF A SPOUSE OR DEPENDENT ATTENDS GRADUATION WEEKEND EVENTS, THE COST OF MEALS, LODGING AND TRAVEL WILL BE PAID BY THE TRUST COMPANY AND REPORTED AS TAXABLE INCOME TO THE MANAGER/DIRECTOR. ORDINARILY, TRUST COMPANY STAFF WILL MAKE ALL TRAVEL AND LODGING ARRANGEMENTS. REIMBURSEMENT WILL ONLY BE MADE FOR THE COST OF COACH AIRFARE. ALL REQUESTS FOR EXPENSE REIMBURSEMENT MUST BE ACCOMPANIED BY ORIGINAL RECEIPTS AND MUST BE SUBMITTED WITHIN 60 DAYS OF THE DATE ON WHICH THE EXPENSES WERE INCURRED. ADEQUATE DESCRIPTIONS INCLUDING THE DATE, PURPOSE, AND INDIVIDUALS ENTERTAINED MUST ALSO BE INCLUDED. SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT OF MILTON HERSHEY SCHOOL IS PROVIDED WITH A RESIDENCE ON CAMPUS FOR BOTH PUBLIC AND PERSONAL USE. THE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES PROVISIONS WHICH REQUIRE HOSTING BOTH INTERNAL AND EXTERNAL EVENTS ON BEHALF OF THE SCHOOL AT THE PROVIDED HOME. THE VALUE OF THESE BENEFITS (FAIR MARKET VALUE OF RENTAL) PLUS OPERATING COSTS ARE NONTAXABLE BENEFITS. SCHEDULE J, PART I, LINE 1A HEALTH CLUB DUES ALL EMPLOYEES OF THE MILTON HERSHEY SCHOOL ARE ELIGIBLE FOR REIMBURSEMENT OF HEALTH CLUB DUES NOT TO EXCEED $240 PER ANNUM FOR A SINGLE MEMBERSHIP AND $360 FOR A FAMILY MEMBERSHIP. SCHEDULE J REPORTABLE COMPENSATION 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 (EIN: 23-6242734). AS A RESULT OF THE STRUCTURE CREATED BY MR. HERSHEY, HERSHEY TRUST COMPANY: (A) SERVES AS TRUSTEE FOR THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST AND (B) SERVES AS TRUSTEE FOR THE M.S. HERSHEY FOUNDATION TRUST. 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. THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF THE BOARD OF MANAGERS WHO ARE COMPENSATED BY RELATED FOR-PROFIT ENTITIES. (SCHEDULE J, PART II, LINE (II)) NONE OF THE COMPENSATION WAS PAID DIRECTLY BY MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN 23-1353340). (SCHEDULE J, PART II, LINE (I)). JAN L. BERGEN MS. BERGEN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). JAMES BROWN, ESQ. MR. BROWN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN FEBRUARY 2016. MR. BROWN JOINED THE HERSHEY COMPANY BOARD ON MAY 3, 2017 UNTIL MAY 2023. COMPENSATION REPORTED CONSISTS OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANIES, THE HERSHEY COMPANY (EIN 23-0691590) AND HERSHEY TRUST COMPANY (EIN 23-069215). MICHELA ENGLISH MS. ENGLISH JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2018. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). MELISSA L. FULLMORE MS. FULLMORE JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). DAN KATZIR MR. KATZIR JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). JAMES KATZMAN MR. KATZMAN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017 AND THE BOARD OF THE HERSHEY COMPANY IN MAY 2018. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). M. DIANE KOKEN MS. KOKEN JOINED THE HERSHEY COMPANY BOARD ON MAY 3, 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). MARIA KRAUS MS. KRAUS JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2018. MS. KRAUS JOINED THE BOARD OF THE M.S. HERSHEY FOUNDATION IN APRIL 2018. MS. KRAUS JOINED THE HERSHEY COMPANY BOARD IN MAY 2023. COMPENSATION REPORTED CONSISTS OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANIES, HERSHEY TRUST COMPANY (EIN 23-0691590) AND THE HERSHEY COMPANY (EIN 23-0691590). AMY MARSH MS. MARSH JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). CORDEL ROBBIN-COKER MR. ROBBIN-COKER JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). MR. ROBBIN-COKER WAS ELECTED AS TREASURER FOR MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN SEPTEMBER 2020. HE DOES NOT RECEIVE ANY COMPENSATION FOR THIS OFFICER POSITION. DAVID SALTZMAN MR. SALTZMAN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN DECEMBER 2014. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS AND KEY EMPLOYEES OF THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST. THEY ARE COMPENSATED BY RELATED FOR-PROFIT 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 MILTON HERSHEY SCHOOL AND SCHOOL TRUST DURING THE REPORTING PERIOD. CAROL DANZ MS. DANZ WAS APPOINTED ASSISTANT SECRETARY OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY (EIN: 23-0692150) IN JULY 2019. SHE ALSO SERVES AS MANAGER OF LEGAL AFFAIRS OF HERSHEY TRUST COMPANY. A PORTION OF HER 2023 COMPENSATION AND BENEFITS REPORTED BY HERSHEY TRUST COMPANY WAS REIMBURSED BY MILTON HERSHEY SCHOOL. MATTHEW JACOLIK MR. JACOLIK WAS APPOINTED INTERIM TREASURER OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY (EIN: 23-0692150) FROM APRIL 2019 TO JULY 2019. HE ALSO SERVES AS CONTROLLER OF HERSHEY TRUST COMPANY. NONE OF HIS COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTIONS, OR NON-TAXABLE BENEFITS WAS PAID BY MILTON HERSHEY SCHOOL AND SCHOOL TRUST. 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 MILTON HERSHEY SCHOOL AND SCHOOL TRUST MATTERS WOULD BE AN ACCUMULATION OF THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON PART VII AND SCHEDULE J. SCHEDULE J HOURS SPENT ON RELATED ORGANIZATIONS THE FOLLOWING INDICATES MILTON HERSHEY SCHOOL AND SCHOOL TRUST MANAGERS, OFFICERS AND KEY EMPLOYEES WHO ARE ALSO DIRECTORS, OFFICERS, OR KEY EMPLOYEES OF RELATED ORGANIZATIONS AND THE HOURS SPENT PER WEEK ON DUTIES FOR THESE RELATED ORGANIZATIONS DURING CALENDAR YEAR 2023. HERSHEY COMPANY HOURS ARE PRORATED BASED ON TIME OF SERVICE AS A HERSHEY COMPANY BOARD MEMBER: HERSHEY HERSHEY M.S. HERSHEY HERSHEY ENTERTAINMENT COMPANY FOUNDATION TRUST & RESORTS COMPANY COMPANY JAN BERGEN 0 0 0 FOOTNOTE 1 JAMES BROWN 0 2.0 1.0 FOOTNOTE 1 MICHAELA ENGLISH 0 0 0 FOOTNOTE 1 MICHELLE FIGLAR 0 0 0 FOOTNOTE 1 MELISSA FULLMORE 0 0 0 FOOTNOTE 1 DAN KATZIR 0 0 0 FOOTNOTE 1 JAMES KATZMAN 0 3.0 0 F

Disregarded entities

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

• MHST CORPUS LLC

  RE RENTAL · PA · income $0 · assets $0

  Directly controlled by MHS TRUST

• MHST INCOME LLC

  RE RENTAL · PA · income $0 · assets $0

  Directly controlled by MHS TRUST

• EATON VANCE TRUST CO HIGH YIELD CTF

  INVESTMENTS · MA · income $10,299,159 · assets $252,549,097

  Directly controlled by MHS TRUST

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Franklin Templeton Emerging Mkt Debt Opp

  Excluded from Tax · INVESTMENTS · CA · 100% owned · share of income $8,199,962 · share of assets $123,497,310

  Directly controlled by MHS Trust

• Sands Capital Intl Growth Feeder

  Excluded from Tax · INVESTMENTS · VA · 100% owned · share of income $55,642 · share of assets $31,734,038

  Directly controlled by MHS Trust

• Eaton Vance Parametric Commodity Fund

  Excluded from Tax · Investments · MA · 90.038% owned · share of income -$3,103,632 · share of assets $56,095,089

  Directly controlled by MHS Trust

Related corporations and trusts

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

• HERSHEY TRUST COMPANY

  C CORP · STATE TRUST CO · PA · 100% owned · share of income $15,115,490 · share of assets $47,132,950 · controlled entity

  Directly controlled by HTC TRUSTEE

• HERSHEY ENTERTAINMENT & RESORTS CO

  C CORP · ENTERTAINMENT · PA · 100% owned · share of income $383,933,240 · share of assets $455,486,883 · controlled entity

  Directly controlled by HTC TRUSTEE

• THE HERSHEY CO

  C CORP · CONFECTIONARY · PA · 78.77% owned · share of income $1,776,849,393 · share of assets $3,379,229,325 · controlled entity

  Directly controlled by HTC TRUSTEE

• MILTON HERSHEY SCHOOL BLK TRUST

  TRUST · INVESTMENTS · CA · 100% owned · share of income $13,134,908 · share of assets $1,446,577,479 · controlled entity

  Directly controlled by MHS TRUST

• HERSHEY WEST END LAND CONDO ASSOC INC

  C corp · CONDO ASSOCIATION · PA · 100% owned · share of income $16,525 · share of assets $22,116 · controlled entity

  Directly controlled by HTC TRUSTEE

• THE ORCHARD AT HERSHEY CONDO ASSOC INC

  C corp · INACTIVE · PA · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by HTC TRUSTEE

• MS FOUNDATION BLK TRUST

  TRUST · INVESTMENTS · CA · 0% owned · share of income $0 · share of assets $0

  Directly controlled by MSH FDN TRUST

• 14 East Condominium Association

  C Corp · CONDO ASSOCIATION · PA · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by MSH FDN TRUST