Hernandez Foundation
- Assets
- $32.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 81-1827821
Organization Overview
Hernandez Foundation is located in Fort Worth, TX. The organization was established in 2018. According to its NTEE Classification (R19) the organization is classified as: Support N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hernandez 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 12/2022, Hernandez Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 6 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 2017, Hernandez Foundation has awarded 39 individual grants totaling $3,294,368. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICES THROUGH LEGAL AID, IMMIGRATION ASSISTANCE, CLOTHING & FOOD PANTRY, AND SUPPORTING ACCESS TO CONTINUING EDUCATION FOR STUDENTS IN THE RIO GRANDE VALLEY TX AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Hernandez III Trustee/board Member | 5 | $0 | |
Carlos Marin Trustee/board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,350,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,350,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,190 |
| Total operating and administrative expenses | $5,729 |
| Contributions, gifts, grants paid | $1,358,336 |
| Total expenses and disbursements | $1,364,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,579 |
| Savings and temporary cash investments | $0 |
| 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 | $32,579 |
| 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, Hernandez Foundation has awarded $1,358,336 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OP 1033 INC PURPOSE: TO PROMOTE THE ORGANIZATION'S CHARITABLE PURPOSE | $233,336 |
THE ASSOCAITION OF FORMER STUDENTS PURPOSE: TO PROMOTE THE ORGANIZATION'S CHARITABLE PURPOSE | $300,000 |
CATHOLIC CHARITIES OF THE RIO GRANDE VALLEY PURPOSE: TO PROMOTE THE ORGANIZATION'S CHARITABLE PURPOSE | $25,000 |
TEXAS A&M FOUNDATION PURPOSE: TO PROMOTE THE ORGANIZATION'S CHARITABLE PURPOSE | $800,000 |