Heartspace Initiative
- Assets
- $14.6k
- Revenue
- $15.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grapevine, TX
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2150571
Organization Overview
Heartspace Initiative is located in Grapevine, TX. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartspace Initiative 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, Heartspace Initiative generated $15.0 in total revenue. All expenses for the organization totaled $255.5k during the year ending 12/2022.
Since 2020, Heartspace Initiative has awarded 44 individual grants totaling $1,645,200. 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
THE HEARTSPACE INITIATIVE PURCHASED DIRECTLY AND DISTRIBUTED VARIOUS BASIC NEEDS PRODUCTS TO CONSTITUENTS SERVED BY MHMR VISIONS IN THE FORM OF DISCHARGE BASKETS FOR PATRONS OF LIBERTY HOUSE DURING 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn M E Jones Director/chair | 1 | $0 | |
Lanni E Romney Director/sec. | 1 | $0 | |
Camille L Peterson Director | 1 | $0 | |
Lindy J Langston Director/pres. | 4 | $0 | |
Adrienne M Kebodeaux Director | 1 | $0 | |
Rachel M Jones Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| 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 | $15 |
| 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 | $3,859 |
| Total operating and administrative expenses | $5,459 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $255,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,634 |
| 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 | $14,634 |
| Accounts payable and accrued expenses | $112 |
| 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 | $112 |
Grants Awarded
Over the last fiscal year, Heartspace Initiative has awarded $250,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: TOWARD PROVIDING DISABILTY SERVICES, RESPITE CARE AND EDUCATIONAL SUPPORT | $90,000 |
Dallas, TX PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Fort Worth, TX PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Lewisville, TX PURPOSE: TOWARD PROVIDING ACCESS TO HEALTHCARE FOR CHILDREN IN NORTH TEXAS | $30,000 |
Gordonville, TX PURPOSE: TOWARD HIGHER-EDUCATION SCHOLARSHIPS FOR FEMALE HIGH SCHOOL SENIORS WHO DO NOT HAVE THE INFLUENCE AND SUPPORT OF A MOTHER IN THEIR LIVES | $25,000 |
Dallas, TX PURPOSE: TOWARD THE HOMELESSNESS ASSISTANCE AND PREVENTION PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |