F B Heron Foundation
- Assets
- $311.9m
- Revenue
- $33.8m
- Investments
- $282.9m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 13-3647019
Organization Overview
F B Heron Foundation is located in New Haven, CT. The organization was established in 1992. 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. F B Heron 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 12/2022, F B Heron Foundation generated $33.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $36.3m during the year ending 12/2022. While expenses have increased by 29.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, F B Heron Foundation has awarded 548 individual grants totaling $49,059,633. 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
PROVIDING ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS THROUGH BOARD SERVICE, CONVENING CONFERENCES AND MEETINGS AND PROVIDING DIRECT TECHNICAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Costello Director | 3 | $0 | |
Dana K Bezerra President | 40 | $377,142 | |
Nhadine Leung Vice President/treasurer | 40 | $264,349 | |
Buzz Schmidt Chairman | 4 | $0 | |
Jim King Director | 3 | $0 | |
Felecia Lucky Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tilt Investment Management | 12/30/22 | $550,898 |
Boston Common Asset Management | 12/30/22 | $151,992 |
Aperio | 12/30/22 | $113,729 |
Dbl Partners | 12/30/22 | $107,882 |
Bbmg Holdings Llc | 12/30/22 | $145,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,071,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,668,580 |
| Capital Gain Net Income | $27,668,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,516 |
| Total Revenue | $33,774,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $641,491 |
| Other employee salaries and wages | $1,704,364 |
| Pension plans, employee benefits | $809,194 |
| Interest | $0 |
| Taxes | $450,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $83,155 |
| Printing and publications | $0 |
| Other expenses | $489,414 |
| Total operating and administrative expenses | $6,371,075 |
| Contributions, gifts, grants paid | $29,977,986 |
| Total expenses and disbursements | $36,349,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,703,317 |
| Savings and temporary cash investments | $8,530,323 |
| Net Accounts receivable | $802,887 |
| 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 | $540,898 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,028,923 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,450,858 |
| Total assets | $311,913,606 |
| Accounts payable and accrued expenses | $765,045 |
| Grants payable | $566,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $228,709 |
| Total liabilities | $1,559,754 |
Grants Awarded
Over the last fiscal year, F B Heron Foundation has awarded $30,552,986 in support to 179 organizations.
| Grant Recipient | Amount |
|---|---|
AERIS INSIGHT INC PURPOSE: PROJECT-BASED | $135,000 |
ALEX C DOVE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $750 |
ALL CORNER FARM INC PURPOSE: GENERAL SUPPORT | $500 |
ANAI INC PURPOSE: GENERAL SUPPORT | $5,000 |
APPALACHIAN COMMUNITY FUND INC PURPOSE: GENERAL SUPPORT | $50,000 |
ASSOCIATION FOR GLYCOGEN STORAGE DISEAES PURPOSE: GENERAL SUPPORT | $2,000 |