The Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust
- Assets
- $7.7m
- Revenue
- $156.6k
- Investments
- $7.7m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 04-6665830
Organization Overview
The Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust is located in Weston, MA. The organization was established in 1992. 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. Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust 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 12/2023, Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust generated $156.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $273.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust has awarded 82 individual grants totaling $3,186,555. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ulf B Heide Trustee | 1 | $0 | |
Elizabeth H Heide Trustee | 1 | $0 | |
Frank P Conrad Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,098 |
| Dividends & Interest | $179,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,457 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121,988 |
| Total operating and administrative expenses | $128,976 |
| Contributions, gifts, grants paid | $144,815 |
| Total expenses and disbursements | $273,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,763 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,728,148 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Ulf B Heide And Elizabeth C Heide Foundation Charitable Trust has awarded $144,815 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL CHARITABLE | $5,000 |
PINE STREET INN PURPOSE: GENERAL CHARITABLE | $1,000 |
PLEON YACHT CLUB PURPOSE: GENERAL CHARITABLE | $250 |
MARBLEHEAD FOOD PANTRY PURPOSE: GENERAL CHARITABLE | $1,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL CHARITABLE | $50,000 |
MARBLEHEAD DOLLARS FOR SCHOLARS PURPOSE: GENERAL CHARITABLE | $350 |