Richard A Henson Charitable Foundation Inc
- Assets
- $35.9m
- Revenue
- $2.6m
- Investments
- $33.7m
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 52-1642558
Organization Overview
Richard A Henson Charitable Foundation Inc is located in Salisbury, MD. The organization was established in 1990. 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. Richard A Henson Charitable 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 12/2023, Richard A Henson Charitable Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard A Henson Charitable Foundation Inc has awarded 191 individual grants totaling $16,530,334. 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 |
|---|---|---|---|
Stephen R Farrow Trustee | 2 | $0 | |
Susanne A Holloway Treasurer | 2 | $0 | |
Jon P Sherwell Secretary | 2 | $0 | |
Thomas H Evans Chairman | 2 | $0 | |
Victor H Laws III Trustee | 2 | $0 | |
Gregory J Olinde Vice Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,003 |
| Interest on Savings | $12,903 |
| Dividends & Interest | $981,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,438,268 |
| Capital Gain Net Income | $1,438,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,122 |
| Total Revenue | $2,602,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,648 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,022 |
| Interest | $0 |
| Taxes | $15,534 |
| Depreciation | $45,402 |
| Occupancy | $62,425 |
| Travel, conferences, and meetings | $506 |
| Printing and publications | $0 |
| Other expenses | $8,971 |
| Total operating and administrative expenses | $321,563 |
| Contributions, gifts, grants paid | $2,143,120 |
| Total expenses and disbursements | $2,464,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,580 |
| 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 | $369,621 |
| Other assets | $1,651,931 |
| Total assets | $35,866,913 |
| 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, Richard A Henson Charitable Foundation Inc has awarded $2,143,120 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERSBIG SISTERS PURPOSE: OPERATING EXPENSES | $22,100 |
CHESAPEAKE HOUSING MISSION PURPOSE: OPERATING EXPENSES | $25,000 |
COMMUNITY FOUNDATION OF THE EASTERN SHORE PURPOSE: OPERATING EXPENSES | $8,200 |
DELMARVA COUNCIL BOY SCOUTS OF AMERICA PURPOSE: SUSTAINING MEMBERSHIP | $110,879 |
MARYLAND FOLK FESTIVAL PURPOSE: OPERATING EXPENSES | $25,000 |
RESOURCE RECOVERY CENTER PURPOSE: OPERATING EXPENSES | $1,000 |