Hendricks Family Foundation Inc
- Assets
- $0.0
- Revenue
- $5.5m
- Investments
- $39.0m
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 06/2004
- Data as of
- 12/2020
- EIN
- 20-0874851
Organization Overview
Hendricks Family Foundation Inc is located in Beloit, WI. The organization was established in 2004. 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. Hendricks Family Foundation 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 12/2020, Hendricks Family Foundation Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2020. While expenses have increased by 6.9% per year over the past 3 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.
Since 2014, Hendricks Family Foundation Inc has awarded 51 individual grants totaling $9,656,403. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Furseth Executive Director | 39 | $182,812 | |
Diane Hendricks President | 3 | $0 | |
Brent Fox Director | 0.25 | $0 | |
Kara Stecker Director | 0.25 | $0 | |
Kevin Hendricks Director | 0.25 | $0 | |
Konya Schuh Secretary/treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hendricks Holding Company | 12/30/21 | $368,943 |
Goldman Sachs & Co Llc | 12/30/21 | $141,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,061,062 |
| Interest on Savings | $37,453 |
| Dividends & Interest | $971,306 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,148 |
| Total Revenue | $5,470,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $951 |
| Printing and publications | $193 |
| Total operating and administrative expenses | $430,925 |
| Contributions, gifts, grants paid | $1,118,065 |
| Total expenses and disbursements | $1,548,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,052 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,134,394 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hendricks Family Foundation Inc has awarded $4,150,161 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Beloit, WI PURPOSE: CAREERTEK PROGRAM AND CAPITAL CAMPAIGN | $1,202,173 |
Beloit, WI PURPOSE: CAREERTEK PROGRAM AND CAPITAL CAMPAIGN | $813,885 |
HUMANE SOCIETY OF SOUTHERN WI PURPOSE: CAPITAL CAMPAIGN, NEW BUILDING | $800,000 |
Delafield, WI PURPOSE: OPERATING SUPPORT | $400,000 |
Beloit, WI PURPOSE: FAMILY CARE CENTER RENOVATION | $200,000 |
HUMANE SOCIETY OF SOUTHERN WI PURPOSE: CAPITAL CAMPAIGN, NEW BUILDING | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |