Edward L And Ruth S Hennessey Foundation Inc
- Assets
- $1.9m
- Revenue
- $72.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 22-3140476
Organization Overview
Edward L And Ruth S Hennessey Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edward L And Ruth S Hennessey 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 12/2023, Edward L And Ruth S Hennessey Foundation Inc generated $72.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $206.1k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 6 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 2018, Edward L And Ruth S Hennessey Foundation Inc has awarded 71 individual grants totaling $758,666. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward L Hennessy Jr Founder | 1 | $0 | |
Elizabeth R Hennessy Trustee, Executive Director | 1 | $5,000 | |
James T Elliott Trustee, Treasurer | 1 | $0 | |
John C Onderdonk Trustee | 1 | $0 | |
Michelle H Daigle Trustee | 1 | $0 | |
Jeffery N Sandler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,219 |
| Dividends & Interest | $45,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,264 |
| Capital Gain Net Income | $12,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $81 |
| Total Revenue | $72,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $833 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,456 |
| Total operating and administrative expenses | $14,289 |
| Contributions, gifts, grants paid | $191,833 |
| Total expenses and disbursements | $206,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,162 |
| 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 | $1,856,715 |
| 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, Edward L And Ruth S Hennessey Foundation Inc has awarded $191,833 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A FAMILY OF THE PALM BEACHES INC PURPOSE: GENERAL SUPPORT | $26,000 |
ALZHEIMER'S FOUNDATION OF AMERICA PURPOSE: GENERAL SUPPORT | $5,000 |
DOUGLASS COLLEGE PURPOSE: GENERAL SUPPORT | $25,000 |
FAIRLEIGH DICKINSON UNIVERSITY PURPOSE: GENERAL SUPPORT | $25,000 |
KRAVIS CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL SUPPORT | $2,500 |
MORRISTOWN MEMORIAL HOSPITAL PURPOSE: GENERAL SUPPORT | $5,000 |