Esther L Heit Foundation
- Assets
- $1.6m
- Revenue
- $38.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 75-2392220
Organization Overview
Esther L Heit Foundation is located in Helena, MT. The organization was established in 1992. 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. Esther L Heit 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 12/2023, Esther L Heit Foundation generated $38.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $71.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Esther L Heit Foundation has awarded 34 individual grants totaling $249,520. 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 |
|---|---|---|---|
John Heit President | 0 | $0 | |
Carol Heit Middleton Vice President | 0 | $0 | |
Mary Lou Lubbers Secretary | 0 | $0 | |
Charles Middleton Treasurer | 0 | $0 | |
James M Heit Director | 0 | $0 | |
Carol A Hicks Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,256 |
| Capital Gain Net Income | $16,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,016 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $71,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,539,295 |
| 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 | $74,325 |
| Total assets | $1,613,620 |
| 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, Esther L Heit Foundation has awarded $70,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FISHER HOUSE PURPOSE: GENERAL SUPPORT | $6,500 |
HOPE & HEALING PLACE PURPOSE: GENERAL SUPPORT | $12,500 |
PRICKLY PEAR LAND TRUST PURPOSE: GENERAL SUPPORT | $12,500 |
REDEEMER PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $6,500 |
FOUNDATION FOR ANIMALS PURPOSE: GENERAL SUPPORT | $12,500 |
OPERATION KINDNESS PURPOSE: GENERAL SUPPORT | $6,500 |