Henkels Foundation
- Assets
- $1.2m
- Revenue
- $2.4m
- Investments
- $1.7k
- Employees
- 0
- Location
- Blue Bell, PA
- Founding
- 04/1958
- Data as of
- 06/2021
- EIN
- 23-6235239
Organization Overview
Henkels Foundation is located in Blue Bell, PA. The organization was established in 1958. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Henkels 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 06/2021, Henkels Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Henkels Foundation has awarded 107 individual grants totaling $2,339,534. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara B Henkels President | 0.25 | $0 | |
Paul M Henkels Jr Vice President | 0.25 | $0 | |
Christopher B Henkels Vice President | 0.25 | $0 | |
Angela Henkels Dale Secr & Treasure | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,386,172 |
| Interest on Savings | $410 |
| Dividends & Interest | $300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,386,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,110 |
| Total operating and administrative expenses | $31,314 |
| Contributions, gifts, grants paid | $2,301,302 |
| Total expenses and disbursements | $2,332,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,063 |
| Savings and temporary cash investments | $1,146,617 |
| 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 | $1,152,398 |
| Accounts payable and accrued expenses | $35,549 |
| Grants payable | $53,881 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $25 |
| Total liabilities | $89,455 |
Grants Awarded
Over the last fiscal year, Henkels Foundation has awarded $2,339,534 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
Ardmore, PA PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $188,942 |
FATHER JUDGE HIGH SCHOOL PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $128,700 |
Philadelphia, PA PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $114,000 |
State College, PA PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $108,346 |
PEN RYN SCHOOL PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $97,500 |
Abington, PA PURPOSE: CHARITABLE AND EDUCATIONAL WITHIN SECTION 170(C)(2)(B) | $76,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |