Hekemian Foundation
- Assets
- $1.3m
- Revenue
- $131.0k
- Investments
- $153.1k
- Employees
- 0
- Location
- Englewood, NJ
- Founding
- 11/1963
- Data as of
- 11/2023
- EIN
- 22-6055155
Organization Overview
Hekemian Foundation is located in Englewood, NJ. The organization was established in 1963. 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. Hekemian 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 11/2023, Hekemian Foundation generated $131.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $136.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hekemian Foundation has awarded 52 individual grants totaling $630,329. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hekemian Secretary | 1 | $0 | |
Richard Hekemian Trustee | 1 | $0 | |
Mark Hekemian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,242 |
| Dividends & Interest | $87,078 |
| 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 | $8,643 |
| Total Revenue | $130,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $15,952 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $135,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,582 |
| Savings and temporary cash investments | $190,896 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $938,085 |
| 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 | $1,293,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,300 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $78,911 |
| Total liabilities | $81,211 |
Grants Awarded
Over the last fiscal year, Hekemian Foundation has awarded $120,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DON'T HIDE IT FLAUNT IT PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $6,750 |
MAUI UNITED WAY INC PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $15,000 |
PEPPERDINE UNIVERSITY PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $30,000 |
NATIONAL PARK FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $15,000 |
SAVE THE WAVES COALITION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $5,250 |
SHRINERS HOSPITAL PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $30,000 |