Hfo Foundation
- Assets
- $21.2m
- Revenue
- $6.1m
- Investments
- $21.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/1988
- Data as of
- 11/2022
- 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 11/2022, Hfo Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $1.7m during the year ending 11/2022. While expenses have increased by 16.5% per year over the past 5 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 2019, Hfo Foundation has awarded 130 individual grants totaling $6,569,760. 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 |
|---|---|---|---|
Elaine Harmon Trustee | 2 | $0 | |
Debra Harmon Trustee | 1 | $0 | |
Wendy Harmon Trustee | 1 | $0 | |
Nicole Abdo Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,330,853 |
| Interest on Savings | $0 |
| Dividends & Interest | $312,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,465,148 |
| Capital Gain Net Income | $1,465,148 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,108,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $241,783 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $319,999 |
| Contributions, gifts, grants paid | $1,370,000 |
| Total expenses and disbursements | $1,689,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,581 |
| Savings and temporary cash investments | $97,810 |
| 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 | $8,855,087 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,173,541 |
| 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 $1,370,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL GIVING PURPOSE: GENERAL | $150,000 |
GLOBAL GIVING PURPOSE: HELP WITH FLASH FLOODS IN EASTERN KENTUCKY | $100,000 |
COMMUNITY FOODBANK OF NJ PURPOSE: GENERAL | $100,000 |
GLOBAL GIVING PURPOSE: AIDE FOR THOSE IMPACTED BY HURRICANE FIONA IN PUERTO RICO | $100,000 |
GLOBAL GIVING PURPOSE: HELP WITH FLOODS IN PAKISTAN | $100,000 |
GLOBAL GIVING PURPOSE: UKRAINE CRISIS RELIEF | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |