Hellerstein Foundation
- Assets
- $2.5m
- Revenue
- $181.5k
- Investments
- $774.7k
- Employees
- 1
- Location
- Kensington, CA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1707485
Organization Overview
Hellerstein Foundation is located in Kensington, CA. The organization was established in 2017. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hellerstein 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, Hellerstein Foundation generated $181.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.3%) each year. All expenses for the organization totaled $249.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARTS EDUCATION AND ARTIST SUPPORT. COMMUNITY HEALTH AND WELLNESS THROUGH CREATIVE ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION AND IMPROVEMENT OF A MULTI-USE PERFORMANCE SPACE FOR THE COMMUNITY AND A LIVE-WORK SPACE FOR RESIDENT ARTISTS; BEGINNING OF ARTS RESIDENCIES ON THE PROPERTY AND ARTS WORKSHOPS AND EDUCATION FOR YOUTHS IN THE COMMUNITY; AND SETTING UP OF AN ARTS STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hellerstein Chairman | OfficerTrustee | 25 | $0 |
Deborah Hellerstein Board Member | OfficerTrustee | 2 | $0 |
Daniel Hellerstein Board Member | OfficerTrustee | 2 | $0 |
Eli Seth Hellerstein Board Member | OfficerTrustee | 2 | $0 |
Nathaniel Hellerstein Board Member | OfficerTrustee | 2 | $0 |
Michelle Hellerstein Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,848 |
| Noncash contributions included in lines 1a–1f | $52,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,848 |
| Total Program Service Revenue | $6,704 |
| Investment income | $27,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,266 |
| Payroll taxes | $2,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,852 |
| Fees for services: Accounting | $2,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,708 |
| Fees for services: Other | $458 |
| Advertising and promotion | $0 |
| Office expenses | $210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,900 |
| Travel | $64 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,592 |
| Insurance | $5,820 |
| All other expenses | $82 |
| Total functional expenses | $249,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,680,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $774,704 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130 |
| Total assets | $2,476,006 |
| Accounts payable and accrued expenses | $0 |
| 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 | $623,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,310 |
| Total liabilities | $628,310 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,847,696 |
| Total liabilities and net assets/fund balances | $2,476,006 |
Grants Awarded
Over the last fiscal year, Hellerstein Foundation has awarded $34,978 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UC BERKELEY FOUNDATION PURPOSE: PAYMENT OF CONSULTANT SALARIES FOR WORK ON MUSIC AND ARTS PROGRAM | $25,000 |
OAKLAND GENESIS SOCCER CLUB PURPOSE: YOUTH DEVELOPMENT PROGRAM GRANT | $9,978 |