Hrts Foundation
- Assets
- $101.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Studio City, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-1653141
Organization Overview
Hrts Foundation is located in Studio City, CA. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Hrts 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, Hrts Foundation generated $53.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $15.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (35.7%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR FELLOWSHIP PROGRAM WAS VERY SUCCESSFUL. OUR FELLOWS LEARNED ABOUT ALL FACETS OF OUR INDUSTRY AND WERE PAIRED WITH CAREER ADVISORS WHO PROVIDED GUIDANCE AND HELPED THEM MAKE CONNECTIONS. QUITE A FEW OF OUR FELLOWS WERE ABLE TO FIND NEW JOBS IN THE FIELDS THEY WERE INTERESTED IN PURSUING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kira Hodge-Rochon Admin | 1 | $0 | |
Philippe Maigret President | 1 | $0 | |
Melissa Grego Chairperson | 1 | $0 | |
Robin Schwartz Secretary | 1 | $0 | |
David Acosta Treasurer | 1 | $0 | |
Odetta Watkins Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,450 |
| Total Program Service Revenue | $35,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$2,882 |
| Net Income from Gaming & Fundraising | $3,002 |
| Other Revenue | $0 |
| Total Revenue | $53,570 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,006 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,967 |
| Total expenses | $14,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,479 |
| Other assets | $0 |
| Total assets | $101,479 |
| Total liabilities | $26,342 |
| Net assets or fund balances | $75,137 |