Vera And Imre Hecht Foundation Inc
- Assets
- $2.5m
- Revenue
- $339.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 31-1652204
Organization Overview
Vera And Imre Hecht Foundation Inc is located in Detroit, MI. The organization was established in 1999. 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. Vera And Imre Hecht Foundation Inc 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, Vera And Imre Hecht Foundation Inc generated $339.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $423.9k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 4 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 2020, Vera And Imre Hecht Foundation Inc has awarded 25 individual grants totaling $719,500. 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 |
|---|---|---|---|
Dianne Tauber President | 1 | $0 | |
Tom Marittai Vice President | 1 | $0 | |
Ira Fox Secretary | 1 | $0 | |
Izabela Wdowiak-Jazownik Assit Secertary | 1 | $0 | |
Veronica Simon Director & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $88,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $249,218 |
| Capital Gain Net Income | $249,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,001 |
| Total Revenue | $339,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,509 |
| Total operating and administrative expenses | $58,067 |
| Contributions, gifts, grants paid | $365,800 |
| Total expenses and disbursements | $423,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,650 |
| 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 | $2,489,904 |
| 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, Vera And Imre Hecht Foundation Inc has awarded $365,800 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GCHFA INC PURPOSE: SUPPORT FOR DAILY OPERATION | $60,000 |
New York, NY PURPOSE: SUPPORT FOR DAILY OPERATION | $60,000 |
SARASOTA CONCERT BAND PURPOSE: SUPPORT FOR DAILY OPERATION | $48,300 |
THE CITY UNIVERSITY OF NEW YORK PURPOSE: SUPPORT FOR DAILY OPERATION | $40,000 |
SARASOTA COUNTY SCHOOLS PURPOSE: SUPPORT FOR DAILY OPERATION | $35,000 |
CJ MILES ALL-STARS PROJECT INC PURPOSE: YOUTH DEVELOPMENT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |