Heartfelt Wings Foundation Inc
- Assets
- $20.6m
- Revenue
- $465.2k
- Investments
- $20.1m
- Employees
- 0
- Location
- Yorktown Heights, NY
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-4805154
Organization Overview
Heartfelt Wings Foundation Inc is located in Yorktown Heights, 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. Heartfelt Wings 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 12/2022, Heartfelt Wings Foundation Inc generated $465.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 73.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heartfelt Wings Foundation Inc has awarded 38 individual grants totaling $9,455,065. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Dolan Weber President | 10 | $0 | |
Marianne Rose Weber Secretary | 1 | $0 | |
Charles F Dolan Vice President | 1 | $0 | |
Richard Baccari Treasurer | 1 | $0 | |
Kathleen M Dolan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $565,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$100,705 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $465,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,227 |
| Depreciation | $909 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,395 |
| Total operating and administrative expenses | $101,472 |
| Contributions, gifts, grants paid | $1,607,500 |
| Total expenses and disbursements | $1,708,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $513,059 |
| 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 | $17,064 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $331,147 |
| Net Land, buildings, and equipment | $6,896 |
| Other assets | $0 |
| Total assets | $20,646,650 |
| 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, Heartfelt Wings Foundation Inc has awarded $1,607,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITAL FOR SPECIAL SURGERY PURPOSE: SUMMER INTERN GRANT PROGRAM | $12,000 |
FAIRFIELD UNIVERSITY PURPOSE: GENERAL FUND | $1,500,000 |
AMERICAN GROUP PSYCHOTHERAPY ASSOCIATION PURPOSE: CAMP GALAXY | $10,000 |
PURPLE CRAYON PRODUCTIONS INC PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
FAIRFIELD UNIVERSITY PURPOSE: THEFAIRFIELD FUND | $50,000 |
MISSION POSSIBLE - DOMINICAN REPUBLIC PURPOSE: GRANT FOR RELIEF SERVICES TO THE DR IN THE AFTERMATH OF THE RECENT HURRICANE | $10,000 |