Dennis John Heid Memorial Scholarship Foundation
- Assets
- $1.7m
- Revenue
- $156.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3430868
Organization Overview
Dennis John Heid Memorial Scholarship Foundation is located in Huntington Beach, CA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dennis John Heid Memorial Scholarship 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 12/2021, Dennis John Heid Memorial Scholarship Foundation generated $156.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $134.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dennis John Heid Memorial Scholarship Foundation has awarded 111 individual grants totaling $788,647. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE WITH PURSUING HIGHER EDUCATION GOALS FOR STUDENTS, MONITORING STUDENT PROGRESS AND PROVIDING GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hawley Secretary | 1 | $12,030 | |
Aubree Boul President | 1 | $0 | |
Timothy D Carlyle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $46,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,136 |
| Capital Gain Net Income | $16,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,030 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,699 |
| Total operating and administrative expenses | $23,648 |
| Contributions, gifts, grants paid | $110,777 |
| Total expenses and disbursements | $134,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,882 |
| Savings and temporary cash investments | $68,721 |
| 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 | $46,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,705,407 |
| 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, Dennis John Heid Memorial Scholarship Foundation has awarded $110,777 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
KALEB JIMENEZ PURPOSE: COLLEGE SCHOLARSHIP | $27,038 |
CHRISTINA ARROYO PURPOSE: COLLEGE SCHOLARSHIP | $14,979 |
ADAM MARTINEZ PURPOSE: COLLEGE SCHOLARSHIP | $11,359 |
MONSERRAT ALEGRIA PURPOSE: COLLEGE SCHOLARSHIP | $7,528 |
MIGUEL LEON PURPOSE: COLLEGE SCHOLARSHIP | $7,500 |
KARLA DESTEPHEN PURPOSE: COLLEGE SCHOLARSHIP | $5,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |