Robert W And Eileen E Hesse Memorial Fund
- Assets
- $953.4k
- Revenue
- $49.4k
- Investments
- $889.4k
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-6327865
Organization Overview
Robert W And Eileen E Hesse Memorial Fund is located in Saginaw, MI. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert W And Eileen E Hesse Memorial Fund 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 12/2023, Robert W And Eileen E Hesse Memorial Fund generated $49.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $57.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert W And Eileen E Hesse Memorial Fund has awarded 61 individual grants totaling $599,000. 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 | $1,599 |
| Dividends & Interest | $35,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,316 |
| Capital Gain Net Income | $14,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,895 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $57,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,045 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $953,440 |
| 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, Robert W And Eileen E Hesse Memorial Fund has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HEALTHCARE FOUNDATION PURPOSE: ORGANIZATION'S DISCRETION | $10,000 |
MID-MICHIGAN CHILDRENS MUSEUM PURPOSE: ORGANIZATIONS DISCRETION | $15,000 |
SAGINAW STRINGS PURPOSE: ORGANIZATIONS DISCRETION | $5,000 |