Bernard Heerey Family Foundation
- Assets
- $55.3m
- Revenue
- $8.7m
- Investments
- $39.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 14-1840613
Organization Overview
Bernard Heerey Family Foundation is located in Chicago, IL. The organization was established in 2005. 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. Bernard Heerey Family 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 12/2021, Bernard Heerey Family Foundation generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 3.8% 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, Bernard Heerey Family Foundation has awarded 50 individual grants totaling $7,667,774. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE. ALL GRANTS PAID TO TAX-EXEMPT SECTION 501(C)(3)PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grey Grey Baltz Pc Not Applicable | 101 | $1,290,619 | |
Charles E Dobrusin Director | 0.2 | $0 | |
Martin D Kerpel Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $882 |
| Dividends & Interest | $1,719,224 |
| Net Rental Income | $28,234 |
| Net Gain on Sale of Assets | $5,714,129 |
| Capital Gain Net Income | $5,714,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,739,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,439 |
| Pension plans, employee benefits | $7,208 |
| Interest | $0 |
| Taxes | $364,607 |
| Depreciation | $104,817 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $291,584 |
| Total operating and administrative expenses | $2,229,875 |
| Contributions, gifts, grants paid | $3,641,608 |
| Total expenses and disbursements | $5,871,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,682 |
| Savings and temporary cash investments | $12,425,359 |
| 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 | $3,524,188 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,855 |
| Total assets | $55,338,272 |
| 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 | $76,370 |
| Total liabilities | $76,370 |
Grants Awarded
Over the last fiscal year, Bernard Heerey Family Foundation has awarded $3,945,103 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: ASSISTANCE TO THE ELDERLY | $493,000 |
Chicago, IL PURPOSE: ASSISTANCE TO THE ELDERLY | $262,080 |
Skokie, IL PURPOSE: SCHOLARSHIPS TO WORTHY STUDENTS | $228,000 |
Skokie, IL PURPOSE: SCHOLARSHIPS TO WORTHY STUDENTS | $225,000 |
Skokie, IL PURPOSE: SCHOLARSHIPS TO WORTHY STUDENTS | $220,000 |
Chicago, IL PURPOSE: FELLOWSHIPS TO WORTHY STUDENTS | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |