Heffernan Family Foundation
- Assets
- $3.2m
- Revenue
- $154.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Rye Brook, NY
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 46-4243193
Organization Overview
Heffernan Family Foundation is located in Rye Brook, NY. The organization was established in 2016. 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. Heffernan 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 12/2022, Heffernan Family Foundation generated $154.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Heffernan Family Foundation has awarded 205 individual grants totaling $7,543,163. 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 |
|---|---|---|---|
John P Heffernan Director, President, Treasurer | 1 | $0 | |
June D Heffernan Director, Vice President, Secretary | 1 | $0 | |
John P Heffernan Jr Director | 1 | $0 | |
James W Heffernan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $637 |
| Dividends & Interest | $76,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,185 |
| Capital Gain Net Income | $181,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250 |
| Total Revenue | $154,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,518 |
| Total operating and administrative expenses | $50,347 |
| Contributions, gifts, grants paid | $998,000 |
| Total expenses and disbursements | $1,048,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,098 |
| Savings and temporary cash investments | $124,402 |
| 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 | $3,241,944 |
| 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, Heffernan Family Foundation has awarded $998,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM HOUSE PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
ARCHDIOCESE FOR THE MILITARY SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BOSTON COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
BISHOP HENDRICKEN HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
AVE MARIA LAW SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BOYS HOPE GIRLS HOPE OF NY INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |