Hesed Foundation Inc
- Assets
- $882.0k
- Revenue
- $65.3k
- Investments
- $737.3k
- Employees
- 0
- Location
- Rye Beach, NH
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 02-0513464
Organization Overview
Hesed Foundation Inc is located in Rye Beach, NH. The organization was established in 2000. 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. Hesed 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 12/2022, Hesed Foundation Inc generated $65.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $71.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hesed Foundation Inc has awarded 31 individual grants totaling $179,870. 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 |
|---|---|---|---|
Eliza Shulman Secretary | 0 | $0 | |
Jason Shulman Treasurer | 0 | $0 | |
Alexander Shulman Trustee | 0 | $0 | |
Jennifer Shulman Trustee | 0 | $0 | |
Luke Shulman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,063 |
| Dividends & Interest | $19,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,331 |
| Capital Gain Net Income | $43,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,700 |
| Contributions, gifts, grants paid | $51,750 |
| Total expenses and disbursements | $71,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,681 |
| 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 | $75,000 |
| Total assets | $881,985 |
| 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, Hesed Foundation Inc has awarded $51,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GREENWICH HOUSE MMTP PURPOSE: IN SUPPORT OF FREE AND ACCESSIBLE DISTRIBUTION OF FENTANYL TEST STRIPS TO PATIENTS OF GREENWICH HOUSE'S METHADONE MAINTENANCE TREATMENT PROGRAM | $10,000 |
JOAN G LOVERING CENTER PURPOSE: IN SUPPORT OF ACCESS TO ABORTION SERVICES | $750 |
KOBE HENRO INC PURPOSE: PET FOOD DONATION CENTER IN CONCORD, MA | $750 |
PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND PURPOSE: TO PURCHASE TWO NEW POWER EXAM TABLES FOR THEIR FLAGSHIP HEALTH CENTERS | $13,000 |
TAM HIGH FOUNDATION PURPOSE: IN SUPPORT OF THE CONSERVATORY THEATER ENSEMBLE | $1,500 |
THE NEW YORK PUBLIC LIBRARY PURPOSE: IN SUPPORT OF PUBLIC LIBRARY PROGRAMMING | $500 |