Frank & Betty Hedrick Foundation
- Assets
- $748.5k
- Revenue
- $28.1k
- Investments
- $717.0k
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 48-6130776
Organization Overview
Frank & Betty Hedrick Foundation is located in Wichita, KS. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Frank & Betty Hedrick 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, Frank & Betty Hedrick Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $58.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank & Betty Hedrick Foundation has awarded 69 individual grants totaling $158,756. 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 |
|---|---|---|---|
Myrna Clayton Vice Preside | 0 | $9,000 | |
Fred Clayton President | 0 | $9,000 | |
Angie Clayton-Brown Secretary-Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,599 |
| Capital Gain Net Income | $6,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $20,374 |
| Contributions, gifts, grants paid | $37,750 |
| Total expenses and disbursements | $58,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,107 |
| Savings and temporary cash investments | $12,434 |
| 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 | $748,501 |
| 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, Frank & Betty Hedrick Foundation has awarded $37,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita, KS PURPOSE: FOR USE IN OPERATIONS | $25,000 |
EAST HEIGHTS UMC PURPOSE: FOR USE IN OPERATIONS | $5,000 |
WICHITA STATE UNIVERSITY-ENDOWNMENT PURPOSE: FOR USE IN OPERATIONS | $2,000 |
AMERICAN RED CROSS PURPOSE: FOR USE IN OPERATIONS | $2,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: FOR USE IN OPERATIONS | $2,000 |
Wichita, KS PURPOSE: FOR USE IN OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Ibew-124 Vacation And Holiday Trust Fund Kansas City, MO | $7,490,902 | $8,580,106 |
William T Kemper Foundation Commerce Bank Of Kansas City N A T Kansas City, MO | $279,723,609 | $35,092,303 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |
Henry A Davis Foundation Omaha, NE | $67,081,811 | $59,214,203 |