Nicholas F And Eileen M Hearne Foundation
- Assets
- $231.2k
- Revenue
- $5.5k
- Investments
- $222.9k
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 20-0868853
Organization Overview
Nicholas F And Eileen M Hearne Foundation is located in Fort Washington, PA. The organization was established in 2005. 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. Nicholas F And Eileen M Hearne 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, Nicholas F And Eileen M Hearne Foundation generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $16.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Frances Adamow Trustee | 0.2 | $0 | |
Christine Marie Harte Trustee | 0.2 | $0 | |
Eileen Schaffer Trustee | 0.2 | $0 | |
Gary W Calvin Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $4,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,161 |
| Capital Gain Net Income | $1,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,921 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $16,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,290 |
| 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 | $222,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $231,227 |
| 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 | -$5,000 |
| Total liabilities | -$5,000 |
Grants Awarded
Over the last fiscal year, Nicholas F And Eileen M Hearne Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROXY THERAPY DOGS PURPOSE: GENERAL | $2,500 |
ABINGTON HEALTH FOUNDATION PURPOSE: EDUCATIONAL | $7,500 |
PEARL S BUCK FOUNDATION PURPOSE: EDUCATIONAL | $5,000 |