Carlos And Deborah Hernandez Foundation Inc
- Assets
- $791.2k
- Revenue
- $151.8k
- Investments
- $777.6k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 87-3929920
Organization Overview
Carlos And Deborah Hernandez Foundation Inc is located in Pennington, NJ. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlos And Deborah Hernandez Foundation Inc 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, Carlos And Deborah Hernandez Foundation Inc generated $151.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.6%) each year. All expenses for the organization totaled $104.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Hernandez President | 1 | $0 | |
Deborah Hernandez Vice President | 1 | $0 | |
Alicia Hernandez Assistant Sec/treas | 1 | $0 | |
Monica Hernandez Secretary | 1 | $0 | |
Cecilia Hernandez Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,721 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,454 |
| Capital Gain Net Income | $7,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $557 |
| Total Revenue | $151,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,323 |
| Contributions, gifts, grants paid | $94,833 |
| Total expenses and disbursements | $104,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242 |
| Savings and temporary cash investments | $12,370 |
| 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 | $777,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $791,219 |
| 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, Carlos And Deborah Hernandez Foundation Inc has awarded $94,833 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FDN FOR BRAIN HEALTH ADVANCES CENTER PURPOSE: UNRESTRICTED GENERAL | $33,333 |
PURDUE FOR LIFE RESEARCH FOUNDATION PURPOSE: JOHN PERDUE CLUB/LYLES | $34,000 |
UNIVERSITY OF MIAMI PURPOSE: UNRESTRICTED GENERAL | $25,000 |
CENTER FOR AMERICAN & INTERNATIONAL LAW PURPOSE: UNRESTRICTED GENERAL | $2,500 |