Heimsoth Family Foundation
- Assets
- $179.1k
- Revenue
- $4.7k
- Investments
- $176.3k
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-1719452
Organization Overview
Heimsoth Family Foundation is located in Sioux Falls, SD. The organization was established in 2009. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heimsoth Family 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, Heimsoth Family Foundation generated $4.7k 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 (4.7%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION SUPPORTED TWENTY 501(C)(3) ORGANIZATIONS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sawmill Trust Company Trustee | 5 | $1,941 | |
Arnold H Heimsoth President/ Trustee | 2 | $0 | |
Joan P Heimsoth Vice Pre. , Sec. , Treas. / Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400 |
| Interest on Savings | $34 |
| Dividends & Interest | $5,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$981 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,941 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $7,797 |
| Contributions, gifts, grants paid | $6,086 |
| Total expenses and disbursements | $13,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,862 |
| 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 | $179,132 |
| 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, Heimsoth Family Foundation has awarded $6,086 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - CENTRAL IOWA CHAPTER PURPOSE: PROGRAM SUPPORT | $500 |
ST JUDE'S CHILDREN'S RESEARCH HOSPITAL PURPOSE: PROGRAM SUPPORT | $500 |
UNIVERSITY OF IOWA FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,086 |