Heifer International Foundation
- Assets
- $206.0m
- Revenue
- $9.0m
- Investments
- $50.4m
- Employees
- 10
- Location
- Little Rock, AR
- Founding
- 02/1992
- Data as of
- 06/2023
- EIN
- 71-0699939
Organization Overview
Heifer International Foundation, operating under the name Heifer Foundation, is located in Little Rock, AR. The organization was established in 1992. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Heifer Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heifer 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 06/2023, Heifer Foundation generated $9.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $10.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION'S MISSION IS TO RAISE AND OVERSEE ASSETS TO SUPPORT THE WORK OF HEIFER INTERNATIONAL.
Describe the Organization's Program Activity:
ATTRIBUTED EARNINGS PAID TO HEIFER PROJECT INTERNATIONAL FOR SPECIFIC PURPOSES AS DESIGNATED BY DONOR RESTRICTIONS, ARTICLES OF INCORPORATION, AND/OR BYLAWS OF HEIFER INTERNATIONAL FOUNDATION. HEIFER PROJECT INTERNATIONAL IS A SEPARATE IRC SECTION 501(C)(3) PUBLIC CHARITY. HEIFER PROJECT INTERNATIONAL'S MISSION IS TO WORK WITH COMMUNITIES TO END WORLD HUNGER AND POVERTY AND TO CARE FOR THE EARTH.
AMOUNTS SPENT TO EDUCATE INDIVIDUALS ON HOW PLANNED CHARITABLE GIVING SUPPORTS THE WORK OF HEIFER PROJECT INTERNATIONAL AND OTHER 501(C)(3) ORGANIZATIONS. A TOTAL OF 1,223,736 INDIVIDUALS WERE EDUCATED BY HEIFER INTERNATIONAL FOUNDATION THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ardyth Neill President | Officer | 44 | $226,437 |
Jennifer Gadberry VP Of Asset Mgmt/treas. Until Nov 22 | Officer | 40 | $155,416 |
Debbie Mccullough VP Of Planned Giving | 40 | $140,363 | |
Katherine St Amour VP Of Investments And Finance | Officer | 41 | $0 |
Martha Brantley Chair | OfficerTrustee | 1 | $0 |
Sarah Alexander Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graystonemorgan Stanley Investment Manager Fees | 6/29/19 | $162,240 |
Marketsmart Llc Marketing Services | 6/29/19 | $119,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $154,257 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,624,988 |
| Noncash contributions included in lines 1a–1f | $82,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,779,245 |
| Total Program Service Revenue | $0 |
| Investment income | $3,152,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,016,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,975,886 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $638,677 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $550,083 |
| Compensation of current officers, directors, key employees. | $526,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,076 |
| Pension plan accruals and contributions | $33,896 |
| Other employee benefits | $65,104 |
| Payroll taxes | $63,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,550 |
| Fees for services: Accounting | $51,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,088,074 |
| Fees for services: Other | $189,835 |
| Advertising and promotion | $0 |
| Office expenses | $135,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,193 |
| Travel | $103,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,587 |
| Insurance | $70,794 |
| All other expenses | $0 |
| Total functional expenses | $10,618,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,437,158 |
| Pledges and grants receivable | $409,033 |
| Accounts receivable, net | $140,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,336 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $146,968,697 |
| Investments—other securities | $50,401,406 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,613,607 |
| Total assets | $206,013,402 |
| Accounts payable and accrued expenses | $293,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,250,121 |
| Total liabilities | $19,543,191 |
| Net assets without donor restrictions | $40,606,427 |
| Net assets with donor restrictions | $145,863,784 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $206,013,402 |