Heavensent Foundation
- Assets
- $12.3k
- Revenue
- $232.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2006
- Data as of
- 12/2023
- EIN
- 20-0418740
Organization Overview
Heavensent Foundation is located in Los Angeles, CA. The organization was established in 2006. 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. Heavensent 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, Heavensent Foundation generated $232.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $409.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heavensent Foundation has awarded 74 individual grants totaling $3,479,207. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $147,369 |
| Interest on Savings | $6,048 |
| Dividends & Interest | $2,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,974 |
| Capital Gain Net Income | $75,974 |
| Net ST Capital Gain | $11,600 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $325 |
| Total operating and administrative expenses | $4,865 |
| Contributions, gifts, grants paid | $404,871 |
| Total expenses and disbursements | $409,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,209 |
| 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 | $137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $12,349 |
| Accounts payable and accrued expenses | $12,103 |
| 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 | $12,103 |
Grants Awarded
Over the last fiscal year, Heavensent Foundation has awarded $404,871 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ORITEL INC PURPOSE: GENERAL DONATION | $28,888 |
CAMILLUS HOUSE PURPOSE: GENERAL DONATION | $20,000 |
NAPA VALLEY FESTIVAL ASSOCIATION PURPOSE: GENERAL DONATION | $2,500 |
LOS ANGELES VIRTUOSI ORCHESTRA PURPOSE: GENERAL DONATION | $11,500 |
TREBOL FOUNDATION PURPOSE: GENERAL DONATION | $87,500 |
WE ARE LAUREL CANYON PURPOSE: GENERAL DONATION | $6,000 |