Hedberg Family Charitable Foundation
- Assets
- $1.1m
- Revenue
- $192.1k
- Investments
- $985.6k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 41-1543653
Organization Overview
Hedberg Family Charitable Foundation is located in Milwaukee, WI. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hedberg Family Charitable 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, Hedberg Family Charitable Foundation generated $192.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $59.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hedberg Family Charitable Foundation has awarded 17 individual grants totaling $169,700. 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 |
|---|---|---|---|
Thomas W Hedberg Trustee | 4 | $0 | |
Peter J Hedberg Trustee | 4 | $0 | |
Stephen J Hedberg Trustee | 4 | $0 | |
John Hedberg Trustee | 4 | $0 | |
Carolyn M Stucky Trustee | 4 | $0 | |
Jean Hedberg Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,453 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,454 |
| Capital Gain Net Income | $146,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $192,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,940 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $15,884 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $59,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,066 |
| 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 | $598,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $493 |
| Total assets | $1,074,109 |
| 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, Hedberg Family Charitable Foundation has awarded $44,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL OPERATING | $25,000 |
TWIN CITIES ADAPTIVE CYCLING PURPOSE: GENERAL OPERATING | $6,000 |
Roseville, MN PURPOSE: GENERAL OPERATING | $5,000 |
Arlington, VA PURPOSE: GENERAL OPERATING | $5,000 |
ANIMAL HUMANE SOCIETY PURPOSE: GENERAL OPERTING | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |