The Heckscher Foundation For Children
- Assets
- $236.8m
- Revenue
- $11.8m
- Investments
- $219.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1938
- Data as of
- 12/2020
- EIN
- 13-1820170
Organization Overview
The Heckscher Foundation For Children is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heckscher Foundation For Children 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 12/2020, Heckscher Foundation For Children generated $11.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $13.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Heckscher Foundation For Children has awarded 203 individual grants totaling $23,258,376. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HECKSCHER SCHOLARS PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Grant Sloane Chairman & Ceo/trustee | 35 | $462,218 | |
Ourania Vokolos-Zias Asst.treasurer | 35 | $305,000 | |
Shelby Abell Senior Program Offic | 35 | $171,000 | |
Christina Figueroa Facilities Manager / | 35 | $122,000 | |
Ashley Dunn Grants Manager | 35 | $110,000 | |
Nessia Sloane Kushner Trustee | 1 | $95,838 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Rock Advisors Llc | 12/30/21 | $974,214 |
Savcon Construction Llc | 12/30/21 | $648,255 |
Fnz Trust Company | 12/30/21 | $103,632 |
Eagle Ridge Investment Mgmt | 12/30/21 | $329,103 |
Aperio Group Llc | 12/30/21 | $78,205 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,604 |
| Dividends & Interest | $3,364,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,115,494 |
| Capital Gain Net Income | $8,115,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $255,250 |
| Total Revenue | $11,760,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $765,218 |
| Other employee salaries and wages | $665,345 |
| Pension plans, employee benefits | $544,917 |
| Interest | $0 |
| Taxes | $420,411 |
| Depreciation | $282,070 |
| Occupancy | $78,474 |
| Travel, conferences, and meetings | $12,745 |
| Printing and publications | $0 |
| Other expenses | $280,139 |
| Total operating and administrative expenses | $4,952,516 |
| Contributions, gifts, grants paid | $8,279,987 |
| Total expenses and disbursements | $13,232,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,019 |
| Savings and temporary cash investments | $7,343,119 |
| 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 | $148,335 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,443,757 |
| Net Land, buildings, and equipment | $9,579,843 |
| Other assets | $0 |
| Total assets | $236,760,119 |
| 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 | $15,477 |
| Total liabilities | $15,477 |
Grants Awarded
Over the last fiscal year, The Heckscher Foundation For Children has awarded $14,075,981 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: WELFARE OF CHILDREN | $1,500,000 |
New York, NY PURPOSE: WELFARE OF CHILDREN | $1,500,000 |
MERIT AMERICA PURPOSE: WELFARE OF CHILDREN | $900,000 |
THE NEW JEWISH HOME PURPOSE: WELFARE OF CHILDREN | $502,000 |
New York, NY PURPOSE: WELFARE OF CHILDREN | $336,208 |
BOTTOM LINE INC PURPOSE: WELFARE OF CHILDREN | $328,028 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |