Heartfirst Charitable Foundation
- Assets
- $690.2k
- Revenue
- $1.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbury, MN
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 20-8720916
Organization Overview
Heartfirst Charitable Foundation is located in Woodbury, MN. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Heartfirst Charitable 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, Heartfirst Charitable Foundation generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $25.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (73.6%) per year over the past 7 years. 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
OUR MISSION IS TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER CHARITABLE ACTIVITIES, CAUSES AND PROJECTS OF EVERY KIND AND NATURE WHATSOEVER ON THE FOUNDATION'S OWN BEHALF OR IN PARTNERSHIP WITH OTHER 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney Mortensen President & Secretary | OfficerTrustee | 1 | $0 |
Conik Runyon Chief Executive Officer | OfficerTrustee | 1 | $0 |
Delaney Runyon Treasurer | OfficerTrustee | 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 | $1,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $25 |
| Total functional expenses | $25 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $690,193 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $690,193 |
| Total liabilities and net assets/fund balances | $690,193 |
Grants Awarded
Over the last fiscal year, Heartfirst Charitable Foundation has awarded $450,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOVEMEANT FOUNDATION PURPOSE: HEARTFIRST CHARITABLE FOUNDATION PARTNERED WITH THE MOVEMEANT FOUNDATION TO PROVIDE SUPPORT AND RESOURCES TO IMPROVE THE OVERALL MENTAL, PHYSICAL, AND EMOTIONAL HEALTH OF WOMEN AND YOUNG GIRLS PRIMARILY IN UNDERSERVED COMMUNITIES, AS WELL AS THEIR EDUCATORS AND PARENTS. THE MOVEMEANT FOUNDATION IS COMMITTED TO MAKING FITNESS ACCESSIBLE, FUN, AND EMPOWERING WHILE SHIFTING THE CONVERSATION FROM WEIGHT LOSS AND TYPICAL BEAUTY IDEALS TO THAT OF BODY POSITIVITY AND SUPPORTING ONE ANOTHER. | $350,000 |
CO-MOTION CENTER FOR MOVEMENT PURPOSE: HEARTFIRST CHARITABLE FOUNDATION PARTNERED WITH CO-MOTION CENTER FOR MOVEMENT (CO-MOTION) TO PROVIDE OUTREACH, SCHOLARSHIPS, CAMPS, AND MENTORSHIP SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES IN ST. PAUL AND SURROUNDING COMMUNITIES. CO-MOTION IS A FIRST-OF-ITS KIND MULTICULTURAL, MULTI-ETHNIC, ARTS, ATHLETICS, AND WELLNESS COMMUNITY WHOSE MISSION IS TO STRENGTHEN THE COMMUNITY BY INSPIRING DIVERSE INDIVIDUALS, ACROSS GENERATIONS, TO BUILD STRENGTH AND CREATE ART UNDER ONE ROOF. | $100,000 |