Frank & Betty Hedrick Foundation
- Assets
- $696.9k
- Revenue
- -$4.2k
- Investments
- $654.9k
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 07/1967
- Data as of
- 12/2023
- 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.
Since 2015, Frank & Betty Hedrick Foundation has awarded 90 individual grants totaling $214,206. 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 |
|---|---|---|---|
Myrna Clayton Vice Preside | 0 | $9,000 | |
Angie Clayton-Brown Secretary-Di | 0 | $0 | |
Fred Clayton President | 0 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,398 |
| Capital Gain Net Income | $3,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,193 |
| 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 | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $764 |
| Total operating and administrative expenses | $21,197 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $53,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,641 |
| Savings and temporary cash investments | $24,344 |
| 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 | $696,872 |
| 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 $32,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: FOR USE IN OPERATIONS | $5,000 |
WICHITA STATE UNIVERSITY-ENDOWNMENT PURPOSE: FOR USE IN OPERATIONS | $15,000 |
FREEDOM HOOVES THERAPEUTIC RIDING C PURPOSE: FOR USE IN OPERATIONS | $1,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: FOR USE IN OPERATIONS | $10,000 |
WOMEN OF WICHITA PURPOSE: FOR USE IN OPERATIONS | $1,000 |