David W Hearst Jr Foundation
- Assets
- $92.7k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-3104245
Organization Overview
David W Hearst Jr Foundation is located in San Diego, CA. The organization was established in 2019. 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. David W Hearst Jr 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, David W Hearst Jr Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.9% each year .
Since 2020, David W Hearst Jr Foundation has awarded 98 individual grants totaling $4,432,000. 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 |
|---|---|---|---|
David W Hearst Jr President/director/ceo | 0.5 | $0 | |
Anthony Rowe Secretary/director | 0.5 | $0 | |
Michael Lafever Treasurer/director/cfo | 0.5 | $0 | |
Luz Rowe VP Philanthropy | 40 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,550,000 |
| 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 | $1,550,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,500 |
| Interest | $0 |
| Taxes | $5,626 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,692 |
| Total operating and administrative expenses | $180,431 |
| Contributions, gifts, grants paid | $1,300,000 |
| Total expenses and disbursements | $1,480,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,653 |
| 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 | $92,653 |
| 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, David W Hearst Jr Foundation has awarded $1,300,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AIDSLIFECYCLE PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION | $2,000 |
ARTCENTER COLLEGE OF DESIGN PURPOSE: PHOTOGRAPHY & IMAGING | $27,000 |
BLACK ROCK ASSOCIATION PURPOSE: FIRE EQUIPMENT | $50,000 |
CASA DE AMPARO PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION | $45,000 |
CHALLENGED ATHLETES INC PURPOSE: GRANTS RELATED TO PURPOSE OF CHARTIABLE ORGANIZATION | $19,000 |
CHILDREN OF THE NIGHT PURPOSE: GED TUTORING PROGRAM | $10,000 |