Bernice Heffernan Family Foundation
- Assets
- $540.6k
- Revenue
- $28.6k
- Investments
- $502.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2001
- Data as of
- 12/2020
- EIN
- 33-0954861
Organization Overview
Bernice Heffernan Family Foundation is located in Wilmington, DE. The organization was established in 2001. 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. Bernice Heffernan 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 12/2020, Bernice Heffernan Family Foundation generated $28.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $173.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bernice Heffernan Family Foundation has awarded 140 individual grants totaling $652,950. 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 |
|---|---|---|---|
Patrick J Heffernan Treas, Dir | 1 | $0 | |
John B Heffernan Sec, Dir | 1 | $0 | |
Robert E Heffernan Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $325 |
| Dividends & Interest | $22,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,466 |
| Capital Gain Net Income | $5,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $769 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,062 |
| Total operating and administrative expenses | $14,642 |
| Contributions, gifts, grants paid | $158,700 |
| Total expenses and disbursements | $173,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,736 |
| 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 | $540,570 |
| 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, Bernice Heffernan Family Foundation has awarded $158,700 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Ana, CA PURPOSE: GENERAL SCHOLARSHIP FUND | $25,000 |
OUR LADY OF THE LAKE CHURCH PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Portland, OR PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Portland, OR PURPOSE: EMPLOYMENT AND EDUCATION RESOURCE CENTER | $10,000 |
Portland, OR PURPOSE: MEDICAL CARE FUND | $10,000 |
Santa Ana, CA PURPOSE: CATHOLIC CHARITIES AUXILIARY | $7,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |