Hefner Family Foundation
- Assets
- $999.9k
- Revenue
- $257.4k
- Investments
- $919.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 47-1606289
Organization Overview
Hefner Family Foundation is located in Dallas, TX. The organization was established in 2014. 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. Hefner 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 12/2023, Hefner Family Foundation generated $257.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $122.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hefner Family Foundation has awarded 40 individual grants totaling $1,078,314. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Hefner Jr President/trustee | 0.5 | $0 | |
Laura L Hefner Secretary/trustee | 0.5 | $0 | |
David J Knust Treasurer/trustee | 0.5 | $0 | |
Kr Vineyard Asst Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $7,478 |
| Dividends & Interest | $5,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,370 |
| Capital Gain Net Income | $68,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,130 |
| Total Revenue | $257,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,824 |
| Total operating and administrative expenses | $5,828 |
| Contributions, gifts, grants paid | $117,063 |
| Total expenses and disbursements | $122,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,249 |
| 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 | $311 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $919,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $999,900 |
| 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, Hefner Family Foundation has awarded $117,063 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OKLAHOMA PURPOSE: SCHOLARSHIP FUND | $10,000 |
ST MARY'S CATHOLIC SCHOOL PURPOSE: ASSISTANCE | $2,563 |
DIANA MACARENO PURPOSE: SCHOLARSHIP | $2,500 |
DALLAS BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $100,000 |
UNIVERSITY OF ARKANSAS FOUNDATION PURPOSE: SCHOLARSHIP | $2,000 |