Hendrickson Foundation Inc
- Assets
- $146.8k
- Revenue
- $489.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Richfield, MN
- Founding
- 08/2011
- Data as of
- 06/2022
- EIN
- 45-2880118
Organization Overview
Hendrickson Foundation Inc is located in Richfield, MN. The organization was established in 2011. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Hendrickson Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrickson Foundation Inc 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 06/2022, Hendrickson Foundation Inc generated $489.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $482.5k during the year ending 06/2022. While expenses have increased by 17.2% per year over the past 7 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 2020, Hendrickson Foundation Inc has awarded 12 individual grants totaling $527,899. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HENDRICKSON FOUNDATION SEEKS TO ENRICH THE LIVES OF INDIVIDUALS WITH DISABILITIES, AND THEIR FAMILIES, THROUGH THE GAME OF HOCKEY. OUR FOCUS IS TO MAKE HOCKEY ACCESSIBLE FOR ALL WHO WANT TO PLAY THE GAME. BY SUPPORTING ADAPTIVE AND WARRIOR HOCKEY PROGRAMS' GROWTH AND PARTICIPATIONS NATIONWIDE, WE AIM TO BREAK BARRIERS AND PROMOTE INCLUSIVITY IN THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HENDRICKSON FOUNDATION MAINTAINS AND SUPPORTS PROGRAMS THAT HELP DISABLED ATHLETES POSITIVELY CHANGE THEIR LIVES THROUGH THE SPORT OF HOCKEY. THESE PROGRAMS AID CHILDREN AND ADULTS WITH COGNITIVE- DEVELOPMENTAL LIMITATIONS; CHILDREN WITH PHYSICAL LIMITATIONS DUE TO BIRTH DEFECT, INJURY OR DISEASE; MILITARY VETERANS WITH COMBAT OR NON-COMBAT RELATED INJURIES; AND ADULTS WITH PARALYSIS AND AMPUTEE CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hendrickson Executive Di | Officer | 30 | $36,000 |
Kristin Hendrickson Director | Trustee | 1 | $24,000 |
Pat Elliott Director | Trustee | 1 | $0 |
Peter Gunderson Director | Trustee | 1 | $0 |
Christine Hendrickson-Krsnik Director | Trustee | 1 | $0 |
Dave Lenzmeier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,671 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,498 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$121,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,656 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,625 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,590 |
| Fees for services: Management | $18,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,216 |
| 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 | $190 |
| Insurance | $1,777 |
| All other expenses | $28,733 |
| Total functional expenses | $482,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$68,808 |
| Savings and temporary cash investments | $200,905 |
| 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 | $14,384 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $66 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $236 |
| Other assets | $0 |
| Total assets | $146,783 |
| 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 | $597 |
| Total liabilities | $597 |
| Net assets without donor restrictions | $146,186 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $146,783 |
Grants Awarded
Over the last fiscal year, Hendrickson Foundation Inc has awarded $215,125 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
S St Paul, MN PURPOSE: GENERAL OPERATIONS | $85,000 |
Edina, MN PURPOSE: GENERAL OPERATIONS | $50,125 |
West St Paul, MN PURPOSE: GENERAL OPERATIONS | $50,000 |
Edina, MN PURPOSE: GENERAL OPERATIONS | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hendrickson Foundation Inc has recieved totaling $65,691.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $26,250 |
Inspire Brands Foundation Inc Atlanta, GA PURPOSE: MISSION SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |