Robert And Meili Hefner Foundation
- Assets
- $5.0m
- Revenue
- $603.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 45-2474675
Organization Overview
Robert And Meili Hefner Foundation is located in Oklahoma City, OK. The organization was established in 2011. 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. Robert And Meili Hefner 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 12/2022, Robert And Meili Hefner Foundation generated $603.0k in total revenue. All expenses for the organization totaled $757.9k during the year ending 12/2022. While expenses have increased by 88.2% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH TO INVESTIGATE POSSIBLE MECHANISMS OF LONG-RANGE SIGNAL PROPAGATION IN FUNGAL NETWORKS, INCLUDING THE ROLE OF CYTOPLASMIC STREAMING, MEMBRANE ELECTROPHYSIOLOGY, AND EXTRACELLULAR TRANSPORT PROCESSES. IN 2022, THE FOUNDATION WORKED WITH A SCIENTIST TO TEST A VARIETY OF TOOLS FROM STATISTICAL PHYSICS, FLUID DYNAMICS, NETWORK THEORY, AND MACHINE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Hefner III Director, Chairman | 0 | $0 | |
James C Brewer III Director, Vice President | 0 | $0 | |
Meili Hefner Director, Co-Chairman | 0 | $0 | |
Mandy Kenknight Director, Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $600,555 |
| Capital Gain Net Income | $600,555 |
| Net ST Capital Gain | $60,481 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $602,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,506 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $332,825 |
| Total operating and administrative expenses | $386,618 |
| Contributions, gifts, grants paid | $371,330 |
| Total expenses and disbursements | $757,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,413 |
| Savings and temporary cash investments | $228,739 |
| 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 | $4,417,200 |
| Total assets | $4,973,352 |
| Accounts payable and accrued expenses | $12,081 |
| 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 | $915,850 |
| Total liabilities | $927,931 |
Grants Awarded
Over the last fiscal year, Robert And Meili Hefner Foundation has awarded $371,330 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM ALBATROSS LONDON YOUTH ROWING PURPOSE: GENERAL OPERATIONS | $6,249 |
SCHWAB CHARITABLE TRUST ACCOUNT PURPOSE: GENERAL OPERATIONS | $338,000 |
UNIVERSITY OF PORTSMOUTH PURPOSE: GENERAL OPERATIONS | $12,081 |
EARLYSVILLE VOLUNTEER FIRE CO PURPOSE: GENERAL OPERATIONS | $15,000 |