Hesemeyer Foundation
- Assets
- $2.9m
- Revenue
- $89.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/1990
- Data as of
- 06/2023
- EIN
- 35-1783031
Organization Overview
Hesemeyer Foundation is located in Las Vegas, NV. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Hesemeyer 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 06/2023, Hesemeyer Foundation generated $89.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $228.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hesemeyer Foundation has awarded 28 individual grants totaling $644,150. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,801 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,960 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $49,366 |
| Contributions, gifts, grants paid | $179,150 |
| Total expenses and disbursements | $228,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137 |
| Savings and temporary cash investments | $58,799 |
| 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 | $2,197,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,859,867 |
| 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, Hesemeyer Foundation has awarded $179,150 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR UNIVERSITY PURPOSE: GENERAL OPERATING | $17,700 |
EMMANUEL LUTHERAN CHURCH PURPOSE: GENERAL OPERATING | $61,950 |
LUTHERAN LIFE VILLAGES PURPOSE: GENERAL OPERATING | $35,400 |
CANCER SERVICES OF NORTHEAST INDIANA PURPOSE: GENERAL OPERATING | $11,000 |
CONCORDIA THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $17,700 |
BETHESDA LUTHERAN COMMUNITIES INC PURPOSE: GENERAL OPERATING | $26,550 |