Hein Family Foundation Corporation
- Assets
- $213.4k
- Revenue
- $323.0k
- Investments
- $18.0k
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 07/2001
- Data as of
- 12/2018
- EIN
- 59-3708543
Organization Overview
Hein Family Foundation Corporation is located in Clearwater, FL. The organization was established in 2001. 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.
For the year ending 12/2018, Hein Family Foundation Corporation generated $323.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $251.1k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE FINANCIAL AID TO INDIVIDUALS, THROUGH SCHOLARSHIPS, IN ACCORDANCE WITH THE ENTITY'S EDUCATIONAL GRANT PROCEDURE. IN THE CURRENT YEAR, 4 STUDENTS WERE THE RECIPIENTS OF SCHOLARSHIPS.
THE FOUNDATION ALSO PROVIDES FINANCIAL ASSISTANCE TO PUBLIC CHARITIES THAT MAINTAIN THE GOAL OF MEETING BASIC HUMAN NEEDS IN THE COMMUNITY. GRANTS TO PUBLIC CHARITIES ARE SELECTED BASED ON PERSONAL INTERVIEWS WITH DIRECTORS OF THOSE ORGANIZATIONS. ONLY ORGANIZATIONS WHOSE MISSION IS IN LINE WITH OUR MISSION TO HELP CHILDREN IN NEED ARE CONSIDERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hein Director | 0.5 | $0 | |
Vicki Hein Director | 0.5 | $0 | |
Bruce Bokor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,139 |
| Interest on Savings | $0 |
| Dividends & Interest | $317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,564 |
| Capital Gain Net Income | $29,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $323,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153 |
| Total operating and administrative expenses | $684 |
| Contributions, gifts, grants paid | $250,380 |
| Total expenses and disbursements | $251,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,570 |
| Savings and temporary cash investments | $26,807 |
| 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 | $213,371 |
| 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, Hein Family Foundation Corporation has awarded $250,380 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ECKERD RAISING HOPE PURPOSE: PROVIDE CLOTHING, SHOES, HYGIENE ITEMS, AND SCHOOL SUPPLIES TO CHILDREN IN NEED | $61,000 |
PATRIOT PAWS PURPOSE: PROVIDE ASSISTANCE DOGS FOR DISABLED VETERANS. | $35,000 |
CLOTHES TO KIDS PURPOSE: PROVIDE NEW AND QUALITY USED CLOTHING TO LOW-INCOME OR IN CRISIS SCHOOL-AGE CHILDREN, FREE OF CHARGE. | $100,128 |
SYDNEY BECKETT PURPOSE: COLLEGE - BOOKS FOR SPRING 2018 CURRICULUM | $225 |
RED TAIL SCHOLARSHIP FOUNDATION PURPOSE: PROVIDE AFRICAN AMERICAN STUDENTS THE TOOLS NECESSARY TO SUCCEED IN COMMERCIAL OR MILITARY AVIATION. | $8,000 |
STEPHANIE DODSON PURPOSE: COLLEGE TUITION & RELATED EXPENSES | $13,129 |