Hfo Foundation
- Assets
- $31.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1988
- Data as of
- 11/2023
- EIN
- 23-6870251
Organization Overview
Hfo Foundation is located in Philadelphia, PA. The organization was established in 1988. 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. Hfo 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 11/2023, Hfo Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.3m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hfo Foundation has awarded 119 individual grants totaling $6,675,360. 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 |
|---|---|---|---|
Debra Harmon Trustee | 1 | $0 | |
Wendy Harmon Trustee | 1 | $0 | |
Nicole Abdo Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,922,766 |
| Interest on Savings | $0 |
| Dividends & Interest | $603,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,978 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,453,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $72,513 |
| Contributions, gifts, grants paid | $2,265,600 |
| Total expenses and disbursements | $2,338,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,516 |
| Savings and temporary cash investments | $3,727,267 |
| 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 | $27,688,265 |
| Total assets | $31,633,048 |
| 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, Hfo Foundation has awarded $2,265,600 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN KIDNEY FUND PURPOSE: GENERAL | $50,000 |
BABY QUEST FOUNDATION PURPOSE: GENERAL | $100,000 |
BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM PURPOSE: AMPUTEE PROJECT | $592,800 |
AS YOU SOW PESTICIDE IN US FOOD SYSTEM PURPOSE: GENERAL | $25,000 |
BRIDGE TO TURKIYE SCHOLARSHIP PROGRAM PURPOSE: AMPUTEE CENTER | $369,800 |
CENTER FOR FAMILY SERVICES PURPOSE: GENERAL | $50,000 |