Richard A Henson Charitable Foundation Inc
- Assets
- $36.2m
- Revenue
- $6.4m
- Investments
- $34.0m
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 02/1990
- Data as of
- 12/2021
- 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 12/2021, Richard A Henson Charitable Foundation Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 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 129 individual grants totaling $12,204,900. 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 |
|---|---|---|---|
Gordon D Gladden Trustee | 2 | $0 | |
Stephen R Farrow Secretary | 2 | $0 | |
Susanne A Holloway Treasurer | 2 | $0 | |
Jon P Sherwell Trustee | 2 | $0 | |
Thomas H Evans Vice Chairman | 2 | $0 | |
Victor H Laws III Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $176 |
| Dividends & Interest | $943,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,438,757 |
| Capital Gain Net Income | $5,438,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,369 |
| Total Revenue | $6,449,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,318 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $42,100 |
| Interest | $0 |
| Taxes | $74,408 |
| Depreciation | $35,874 |
| Occupancy | $72,396 |
| Travel, conferences, and meetings | $535 |
| Printing and publications | $0 |
| Other expenses | $17,829 |
| Total operating and administrative expenses | $383,717 |
| Contributions, gifts, grants paid | $2,108,875 |
| Total expenses and disbursements | $2,492,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,330 |
| Savings and temporary cash investments | $388,059 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $172,825 |
| Other assets | $1,619,733 |
| Total assets | $36,223,958 |
| Accounts payable and accrued expenses | $2,356 |
| 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 | $2,356 |
Grants Awarded
Over the last fiscal year, Richard A Henson Charitable Foundation Inc has awarded $2,108,875 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
SALISBURY UNIVERSITY FOUNDATION PURPOSE: OPERATING EXPENSES | $500,000 |
JUNIOR ACHIEVEMENT OF THE EASTERN SHORE PURPOSE: OPERATING EXPENSESOPERATING EXPENSESOPERATING EXPENSES | $446,667 |
Salisbury, MD PURPOSE: CAPITAL CAMPAIGN | $400,000 |
YMCA OF THE CHESAPEAKE PURPOSE: CAPITAL CAMPAIGN | $279,000 |
DELMARVA COUNCIL BOY SCOUTS OF AMERICA PURPOSE: SUSTAINING MEMBERSHIP | $66,164 |
HABITAT FOR HUMANITY PURPOSE: OPERATING EXPENSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |