Hendrick Family Foundation
- Assets
- $589.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 36-4837270
Organization Overview
Hendrick Family Foundation is located in Charlotte, NC. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hendrick 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 12/2021, Hendrick Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $776.9k during the year ending 12/2021. While expenses have increased by 37.3% per year over the past 6 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 2016, Hendrick Family Foundation has awarded 143 individual grants totaling $5,066,516. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE INCLUDING WITHOUT LIMITATION THE ABILITY TO PROVIDE ASSISTANCE AND ADVOCACY FOR THE FINANCIALLY DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS TO 29 VARIOUS CHARITIES TO SUPPORT MEDICAL NEEDS, YOUTH DEVELOPMENT PROGRAMS AND SUMMER CAMPS, SHELTER FOR THE HOMELESS, AND OTHER LOCAL CHARITIES IN THE CHARLOTTE METROPOLITAN AREA.
DONATIONS TO SECOND HARVEST FOOD BANK OF METROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Hendrick III Vice President/director | OfficerTrustee | 1 | $0 |
Lynn H Carlson President/director | OfficerTrustee | 1 | $0 |
Gregory H Gach Vice President, Secretary | Officer | 0 | $0 |
A Scott Ennis Vice President, Assistant | Officer | 0 | $0 |
Jerry W Robbins Jr Vice Pres, Treasurer, Asst | Officer | 4 | $0 |
Robert C Rice Vice President, Asst Secre | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,187,335 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,317,795 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $684,583 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,022 |
| Fees for services: Accounting | $5,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $0 |
| Office expenses | $4,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,305 |
| All other expenses | $0 |
| Total functional expenses | $776,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $589,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $589,753 |
| Total liabilities and net assets/fund balances | $589,753 |
Grants Awarded
Over the last fiscal year, Hendrick Family Foundation has awarded $651,083 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Fayetteville, GA PURPOSE: PROGRAM SUPPORT | $100,000 |
Raleigh, NC PURPOSE: PROGRAM SUPPORT | $75,000 |
Dawsonville, GA PURPOSE: PROGRAM SUPPORT | $50,000 |
Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $50,000 |
Randleman, NC PURPOSE: PROGRAM SUPPORT | $42,600 |
Los Angeles, CA PURPOSE: PROGRAM SUPPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hendrick Family Foundation has recieved totaling $24,010.
| Awarding Organization | Amount |
|---|---|
Trustmark Foundation Lake Forest, IL PURPOSE: N A | $12,000 |
Atrium Health Foundation Charlotte, NC PURPOSE: Support for pediatric health fundraising programs | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |