Chris Hess Foundation
- Assets
- $10.4m
- Revenue
- $170.8k
- Investments
- $9.9m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 01-6225742
Organization Overview
Chris Hess Foundation is located in Wheeling, WV. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chris Hess Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Chris Hess Foundation generated $170.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $520.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chris Hess Foundation has awarded 97 individual grants totaling $3,072,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph N Gompers Trustee | 1 | $2,683 | |
Security National Trust Company Trustee | 1 | $123,724 | |
John E Gompers Trustee | 1 | $5,365 | |
William V Busick Trustee | 1 | $5,365 | |
Kelly A Gompers Trustee | 1 | $2,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,448 |
| Dividends & Interest | $331,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$267,042 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,872 |
| Total Revenue | $170,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $170,268 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $520,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,328 |
| Savings and temporary cash investments | $509,942 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $83,383 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,379,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,942 |
| Total liabilities | $33,942 |
Grants Awarded
Over the last fiscal year, Chris Hess Foundation has awarded $350,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CASA FOR CHILDREN INC PURPOSE: CHARITABLE | $5,000 |
COMMUNITY FOUNDATION FOR THE OHIO VALLEY PURPOSE: CHARITABLE | $20,000 |
FAITH IN ACTION CAREGIVERS INC PURPOSE: CHARITABLE | $5,000 |
GOOD SHEPHERD NURSING HOME PURPOSE: CHARITABLE | $25,000 |
MOUNDSVILLE VETERANS HONOR GUARD PURPOSE: CHARITABLE | $10,000 |
OGLEBAY FOUNDATION INC PURPOSE: CHARITABLE | $200,000 |