Hebron Fund Inc
- Assets
- $1.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Brooklyn, NY
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 11-2623719
Organization Overview
Hebron Fund Inc is located in Brooklyn, NY. The organization was established in 1985. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Hebron Fund Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebron Fund Inc 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, Hebron Fund Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND EDUCATIONAL WELL BEING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIAL AND EDUCATIONAL WELL BEING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Deutsch Board Member | Trustee | 1 | $0 |
Laurie Moskowitz Hirsh Board Member | Trustee | 1 | $0 |
Daniel Rosenstein Exec Director | Officer | 35 | $120,000 |
Dr David Schwalb Board Member | Trustee | 1 | $0 |
Dr Yigal Yahav Board Member | Trustee | 1 | $0 |
Dr Frank Rubin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,358,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,358,074 |
| Total Program Service Revenue | $0 |
| Investment income | $3,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,372,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,405,310 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,571 |
| Payroll taxes | $18,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $397,166 |
| Office expenses | $251,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,600 |
| Travel | $44,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,596 |
| All other expenses | $51,462 |
| Total functional expenses | $3,613,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,564 |
| Savings and temporary cash investments | $161,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $187,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,077,907 |
| Accounts payable and accrued expenses | $161,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $311,509 |
| Net assets without donor restrictions | $766,398 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,077,907 |
Grants Awarded
Over the last fiscal year, Hebron Fund Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RELIGIOUS ZIONISTS O PURPOSE: GEN FUND | $0 |
FRIEND OF CHABAD PURPOSE: GEN FUND | $0 |