Hendrick Foundation For Children
- Assets
- $50.2k
- Revenue
- $21.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/2005
- Data as of
- 12/2020
- EIN
- 20-1786855
Organization Overview
Hendrick Foundation For Children is located in Charlotte, NC. 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. Hendrick Foundation For Children 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 12/2020, Hendrick Foundation For Children generated $21.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $28.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles V Ricks President/treas/director | 0 | $0 | |
Gregory H Gach Secretary/director | 0 | $0 | |
Veronica A Zayatz Asst Secretary/asst Treas. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,315 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $28,055 |
| Total expenses and disbursements | $28,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,253 |
| Savings and temporary cash investments | $8,954 |
| 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 | $0 |
| Total assets | $50,207 |
| 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, Hendrick Foundation For Children has awarded $28,055 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE CHRISTIAN SCHOOL PURPOSE: TO FUND 2 SCHOLARSHIPS FOR 2019/2020 SCHOOL YEAR. | $21,055 |
ROBERT DUNCAN MINISTRIES INC PURPOSE: TO ASSIST WITH CHARITABLE MISSION TRIPS, SPEAKING IN SCHOOLS AND STARTING A MISSION STORE | $7,000 |